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Scary thought of collapse

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Post  WHL Fri Dec 27, 2013 7:32 am

Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse
BY PAUL BEDARD | DECEMBER 26, 2013 AT 12:33 PM
TOPICS: WASHINGTON SECRETS GUN CONTROL OBAMACARE NSA SURVEILLANCE WALL STREET SOCIALISM

Image from Marotta's website warning investors to prepare a "bug-out" bag in case of a fiscal...

Image from Marotta's website warning investors to prepare a "bug-out" bag in case of a fiscal...
A top financial advisor, worried that Obamacare, the NSA spying scandal and spiraling national debt is increasing the chances for a fiscal and social disaster, is recommending that Americans prepare a “bug-out bag” that includes food, a gun and ammo to help them stay alive.

David John Marotta, a Wall Street expert and financial advisor and Forbes contributor, said in a note to investors, “Firearms are the last item on the list, but they are on the list. There are some terrible people in this world. And you are safer when your trusted neighbors have firearms.”

His memo is part of a series addressing the potential for a “financial apocalypse.” His view, however, is that the problems plaguing the country won't result in armageddon. “There is the possibility of a precipitous decline, although a long and drawn out malaise is much more likely,” said the Charlottesville, Va.-based president of Marotta Wealth Management.

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Marotta said that many clients fear an end-of-the-world scenario. He doesn’t agree with that outcome, but does with much of what has people worried.

“I, along with many other economists, agree with many of the concerns expressed in these dire warnings. The growing debt and deficit spending is a tax on those holding dollars. The devaluation in the U.S. dollar risks the dollar's status as the reserve currency of the world. Obamacare was the worst legislation in the past 75 years. Socialism is on the rise and the NSA really is abrogating vast portions of the Constitution. I don't disagree with their concerns,” he wrote.

In his latest note, he said that Americans should have a survival kit to take in case of a financial or natural disaster. It should be filled with items that will help them stay alive for the first 72-hours of a crisis, including firearms.

“A bug-out bag is a good idea depending on where you live even if the emergency is just power outages, earthquakes and hurricanes. And with your preparedness you will be equipped to help others who might be in need,” he wrote. “Be prepared. Especially because it keeps you from being scared.”

He provided a list of items and even a link to bug-out bags on Amazon.

Paul Bedard, The Washington Examiner's "Washington Secrets" columnist, can be contacted at pbedard@washingtonexaminer.com.
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Post  News Hawk Sat Dec 28, 2013 10:35 am

This has been in the news since Obama "achieved" the Presidency...

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Post  fshnski Sat Dec 28, 2013 10:45 am

This is what happens when you can no longer trust your government.

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Post  WHL Sat Dec 28, 2013 1:29 pm

I know it's been around for a while but doesn't it seem it is getting more and more mainstream instead of just tucked away somewhere?
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Post  Anti Federalist Sat Dec 28, 2013 6:27 pm

WHL wrote:I know it's been around for a while but doesn't it seem it is getting more and more mainstream instead of just tucked away somewhere?

Only the rosiest of rose colored glasses can mask the fact that we are in serious trouble.

People are responding to that.

But it is too little, too late, I'm afraid.

One major terror attack, real, or much likely government manufactured, and we'll be locked down in a police state nightmare the likes of which have never been seen before.

I call it "Full Nazi Retard".
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Post  WHL Sat Dec 28, 2013 6:41 pm

Sometimes I feel like it is too late too, but I WANT to be optimistic!!
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