Chris Martenson-People Will Be Wiped Out In Coming Crash

rabidlittlehippy:

I put this on and listened int he background and WOW! Here it comes people!

Originally posted on Damn the Matrix:

A big thank you to Marg from Tassie for the heads up on this video…….  how it slipped through to the keeper, I don’t know, but this is Chris Martenson at his best.

http://usawatchdog.com/iraq-crisis-15… Chris Martenson, who holds a PhD in pathology and an MBA, contends 2008 was just a warm up to a much bigger calamity. Martenson says, “2008 was the shot across the bow, and that’s when our credit experiment broke, and we have been doing everything possible to paper over it since. . . . When you take real stuff out of the ground, you grow food, you take oil out of the ground, you process ore into steel, and you manufacture real things–that’s real wealth. The claims (such as stocks, bonds and currencies) have to be in proportion to the real wealth, and the claims have been growing and growing and growing for so long that…

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Blog hop around the world

I’ve been nominated by the lovely Fran from The Road to Serendipity fame to blog hop around the world. :) Fran and her husband Steve are converting their 4 acres of gardens into a food mecca, taking their journey with their 2 dogs Earl and Bezial. Fran dropped me in this asked me to hop along with her and I have no choice am deeply honoured to add to the blog hop. ;) Continue reading

The mortgage

Our mortgage is no more. :) Yep, gone! Both of them. :D

When we moved up here to Ballan, neither Martin nor I were sure of how things would go. We were nervous as to how 2 city people would cope living in rural Victoria (Australia) and how the commute to the city would work out, how we would go moving away from friends and what we knew. We had initially intended to rent for 12 months but we were unable to find a rental property in Ballan to suit our needs (in fact there were precious few rental properties available at all) and so we decided to look to purchasing a house. Houses in Ballan are half as expensive as they are in the city, particularly inner suburbs like Spotswood, hence we were able to use equity from the city house to secure a second mortgage in Ballan.

Our old house has been leased out to tenants since January 2013, covering the mortgage repayments, which allowed us the option to move back to the city if things didn’t work out but after 18 months living in Ballan we have both realised how much we LOVE our life here. :D Moving back was not going to happen and so, after much discussion about our options we decided to sell our city house.

The discussion revolved around keeping an investment property with mortgage covered by rent versus being debt free. Both are without debt in a way, one based upon assets equalling more than our debt, the other being without any debt but less assets. In a society coming perilously close to economic collapse (growth cannot continue forever) we felt that perpetuating growth, even if only with a single investment property, wasn’t right for us. We liked the idea of owning 100% of our semi rural property and saying that enough is indeed enough. Our little slice of paradise is enough for us. :). In addition the rental property was forever requiring maintenance which reduced rental income and was a nuisance too.

The house went on the market for auction but an offer was made and accepted and the house was sold. :D After a few frustrating but unavoidable delays we settled on the sale on June 30th. :)

We’ve ended up with a little extra cash in the bank account which is a real blessing and we are using this money to invest further into our property with solar panels and water tanks as well as the deck and orchard. I feel extremely blessed. :)