True, but if you owe money to anyone, that person, according to the proverb, is your “master”, in a manner of speaking (”The rich rule over the poor, and the borrower is slave to the lender” Proverbs 22:7)
I wouldn’t put it past our government officials to one day bring back debtors prisons or even promote enslavement of debtors in such a horrible situation. The totalitarian minded love debtors prisons and the like.
The return of such institutions is not beyond the realm of possibility given our current road towards authoritarianism.
What if a conservative is seized and sent to such an institution before the SHTF? His family is left with one less defender during a SHTF scenario.
I hope I’m wrong, but such things have happened before.
If they go that far what’s to keep them from just taking your money?
Again paying down your debt helps, but if you pay down debt only to have your money seized or end up being worthless? How much would the last can of beans on shelf, the last bottle of antibiotic, the last bottle of clean water be worth to you?
You have to cover all your bases or you could end up a well off person who in the end staved to death.
A quart of wheat could cost you a whole days wages. So what would my five gallons buckets of wheat be worth?
In the house of the wise are stores of choice food and oil, but a foolish man devours all he has. Proverbs 21:20