They're Starting To Get Scared

yung_dood

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Jul 2, 2011
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http://conservativeoutfitters.com/blogs/news/11121845-top-wall-street-advisor-you-need-guns-and-ammo-for-protection-in-collapse


Top Wall Street Advisor: You Need Guns and Ammo for Protection in Collapse

The Washington Examiner is reporting that a top financial advisor is worried that Obamacare, the NSA spying scandal and spiraling national debt are increasing the chances of a fiscal and social disaster. He believes many of his clients have legitimate fears about an impending financial and social disaster


Financial adviser and Forbes contributor David John Marotta, a Wall Street expert 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.”

The memo is series of such addressing the potential for a “financial apocalypse.” His view, 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.

“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.



Marotta went on to say that there are other items that can be included in a so-called bug-out bag, a portable kit required to survive a disaster for 72 hours.


“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.
 
some Forbes magazine guy said:
Socialism is on the rise...
At least there's this bit of good news among all the fear-mongering!

I thought one of the lessons from Hurricane Katrina was that every American home needed to have emergency provisions. But I guess it's good for them to have a reminder every so often.
 
Marotta went on to say that there are other items that can be included in a so-called bug-out bag, a portable kit required to survive a disaster for 72 hours.

A financial apocalypse that will be over in 72 hours?

I wouldn't give this guy $5 to invest for me.
 
Y r Conservatives so over reactionary. Show me someone who grossly over reacts and I'll show u a religious conservative looney toon
 
Y r Conservatives so over reactionary. Show me someone who grossly over reacts and I'll show u a religious conservative looney toon

Show me someone who does not understand economics, expects the govt to take care of every environmental and social issue without regard for the costs or the debt left for future generations and I will show you a socialist (or a Greek)
 
Meh, I've heard the same story over and over again for 30 yrs. what it amounts to is fearmongering. Fear helps drive the economy. If the establishment keeps them slightly paranoid, they will consume products and services at a faster rate.

The economy isn't going to collapse. Never happen.

Ps john: I pay 46% of my wages in taxes, you are fucking right that I want services to reflect value from my government. Socialized medicine, education, roads, infrastructure etc
 
Too FUNNY.....LOL!!!!

Show me someone who does not understand economics, expects the govt to take care of every environmental and social issue without regard for the costs or the debt left for future generations and I will show you a socialist (or a Greek)

Show mw someone who swallows that BS that Corporate FAUX/Pseudo Free Market Capitalism exists in the USA and I will show you a bootlicking bottom who spends most his time under his master's desk servicing his master either French or Greek style.....:eyebrows:
 
Meh, I've heard the same story over and over again for 30 yrs. what it amounts to is fearmongering. Fear helps drive the economy. If the establishment keeps them slightly paranoid, they will consume products and services at a faster rate.

The economy isn't going to collapse. Never happen.

Ps john: I pay 46% of my wages in taxes, you are fucking right that I want services to reflect value from my government. Socialized medicine, education, roads, infrastructure etc

but most of the 1 percent want to spend 18% on taxes so they can spend the rest on yachts, fancy cars, a ranch, second home , gold lined bed sheets etc.
 
You need a bugout bag in case your area floods or a nuclear plant has an accident.

A bugout bag for societal collapse in Canada seems extreme. Also where are you going to bug out to?

You need survival gear in your house in case the power or water goes out for several days and not for a zombie attack. I have a coleman stove and a barbecue for cooking. Sleeping bags and a fireplace with wood at the side if house for warmth. A small amount of canned cans on a shelf in the basement.

Thats about it.