Author Topic: Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse By PAUL BEDARD  (Read 198 times)

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Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse
By PAUL BEDARD | DECEMBER 26, 2013 AT 12:33 PM

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.

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.

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A 72 hour bugout bag always makes sense. What's in yours depends on your personal circumstances.

Two additional points, from a pragmatic point of view.

1/ Get certified copies of your important documentation and keep them in a plastic pouch where you can grab them quickly. Drivers license, Birth certificates, immunization records, social security number, notarized photocopies of your passport. Anything that can be used to identify you as actually being you. Don't keep them in the bag, but keep them where you can grab them in the dark on the way out of the door.

2/ Keep your gas tank filled. Don't run it down to almost empty, top it up after you have used a 1/4 tank.

And a final, from several years of driving tired and scared and waiting to be ambushed - always have candies in the car. You need the sugar rush. It calms down any kids you have with you. Keeps you alert.
Before you bitch about the youth of today ... think about who raised them.

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