I spent yesterday with the court appointed trustee, under oath, successfully declaring bankruptcy without losing the house or any other protected assets. I have sworn to pay off the amount owed to banks without further interest. I will be aided by the court, protected from predators so that they don’t eat the corpse of my economic life.
Fools like me are soon parted from their money. After all, this country’s government and this country’s economy are run by con men. Cheats, criminals, grifters, thieves… they control the entire government now, and make the rules serve them and punish us.
And I suppose that’s the way it should be. If money is your only source of happiness, you are going to become one of them. A credit-manipulating predator and carrion-eater. I had to go through this bankruptcy proceeding because I lost Bank of America’s lawsuit against me. And if it weren’t for my bankruptcy case protecting me, they could come into my house and take whatever they wanted, including everything they wanted. They could garnish my wages up to 100% for however many months it took for my pension check to pay off my debt. Meanwhile my children would starve. I would have nothing to live on. It is within their rights to do it because they own the government and make the rules. Charles Dickens didn’t even have it so bad. At least in the debtor’s prison in Victorian London they fed you and kept you alive… mostly.
But I did learn some important lessons for the future. Let me share that hard-won wisdom with you now.
- Never buy anything on credit. Save the money first, and then buy what you need once you have the total price. Only fools agree to never-ending cycles of interest upon interest, compounding and confounding your pocketbook for perpetuity. (Say that one three times fast!)
- Only buy what you need. If you really need that shiny blue doohickimus to keep from going insane, then buy it… but save up the cash to pay for it in full. And if owning that doodadimus preposterosous isn’t going to provide you with the key to real happiness, then forget about it, and glory in your new-found self-control.
- Banks are run by pirates. They are in the business of stealing your money. They charge fees for holding on to your money, while at the same time spending your money, and fees for counting your money, even when it’s not really there, and fees for looking at your money, though your money is only blips on a computer screen, and even fees for eventually… very gradually so you will not notice… stealing your money. You have to give them your money at some point, because you will die or be killed if you don’t. But taking your money by force, leaving you with no other choice but death, makes them pirates.
- Save money wherever you can. Bury some in the back yard (but only metal money… gold bars being the least likely to turn into worthless soil filler). You are probably going to need it in the future. So don’t forget where you buried it. And making maps only helps groups of nerdy kids find it in the future after an unlikely series of fantastic adventures that all occur after you have become a one-eyed skeleton.
- And don’t get sick, whatever you do. It costs too much to get health care. After you’ve paid an arm and a leg for health care services more than once, you are not going to be dancing any jigs. Maybe rolling around like a watermelon with a head, but that’s about it.
So, that’s the wisdom I gained from going bankrupt, for what it’s worth (and it isn’t worth much, or they would’ve confiscated it at the creditor’s meeting yesterday).