Quote from: marcus_of_augustus on July 17, 2016, 11:35:57 PM

Quote from: bumbum on July 17, 2016, 06:47:01 AM

Would it be wise to stay out of debt now before this inevitable monetary reset happens?

Depends if your particular debt gets 'reset' or not ... take out huge mortgages and credit card debts to buy bitcoin and gold and go AWOL for the reset?

probably not worth it imo because as the reset gets near it will get priced into safe havens like bitcoin and thus the risk reward at that point diminishes, if you take it out now then you risk the chance of reprucssions under the current system because you do not know how long before it actually happens. Look at it this way, you have 1 btc now and it costs you say a quarter of your paycheck and 10 years later it happens, you still have your house and car to drive around for 10 years without lenders coming for them and as the event gets near, that 1 btc will cost you say 100x your paycheck. For those that aren't part of bitcoin today it might make sense.