Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse
BY PAUL BEDARD | DECEMBER 26, 2013 AT 12:33 PM
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
andForbes 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.
Paul
Bedard, The Washington Examiner's "Washington Secrets"
columnist, can be contacted atpbedard@washingtonexaminer.com.
It
is instructive that even secular people understand the fragile nature
of the American Economy. The printing of worthless money by the
Federal Reserve is IMMORAL and will have devastating effects when it
is forced to stop. America will reap what it has sown. I pray that
Christians are prepared spiritually as well as naturally.
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