Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse
2013 12 26

By Paul Bedard | Washington Examiner



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.”

Read the full article at: washingtonexaminer.com




Related Articles


Latest News from our Front Page

Document Confirms British were Plotting to Invade Germay Before Germany Invaded Poland
2014 09 02
The declaration of war against Germany had nothing to do with Poland, and was in fact a brutal war of aggression launched for economic reasons against the peaceful German people. As you can see in Judea Declares War on Germany. From dailymail.co.uk: An early version of the ‘King’s Speech’ reveals Britain was preparing to declare war on Germany before Hitler invaded ...
Study Claims Cave Art Made by Neanderthals
2014 09 02
A series of lines scratched into rock in a cave near the southwestern tip of Europe could be proof that Neanderthals were more intelligent and creative than previously thought. The cross-hatched engravings inside Gorham’s Cave in Gibraltar are the first known examples of Neanderthal rock art, according to a team of scientists who studied the site. The find is significant because ...
EU Nanny State to Ban Toasters, Kettles & Hair Dryers!
2014 09 02
"Despite arctic sea ice growing by 43%, the EU nanny state is set to ban toasters, hair dryers and kettles in the name of preventing global warming."
Nigeria launches new biometric ID card - brought to you by Mastercard
2014 09 02
Yesterday afternoon, president Goodluck Jonathan became the first recipient of Nigeria’s new national eID card, in a ceremony at the presidential villa in the capital Abuja. The cards will be issued to 13 million Nigerians as part of a pilot project, with the ultimate aim of producing a national identity management system (NIMS). Nigeria’s NIMS is an ambitious attempt to consolidate ...
LA Times Now Describing Illegal Aliens As ’Informal Workers’ Who ’Labor Unofficially’
2014 09 02
Via Weasel Zippers, we learned the Los Angeles Times has a new term for illegal aliens in the work force: they’re “informal workers,” and that doesn’t mean they don’t arrive on the job in a tuxedo. Times reporter Tiffany Hsu (a "UC Berkeley grad") began her Saturday story with the new I-word (and illegal immigrants also “labored unofficially” in "gray employment"): Informal ...
More News »