I'm not the only "doomsday prophet". I'm not a sophisticated investor, but this market is going to pop - especially with the current political regime in power. But, don't worry! All of the big investment firms and "lords of finance" will be protected (they'll whine about loosing millions or even billions and then continue their opulent lifestyle anyway while the common schmuck looses everything.)
Here's a recent article from the Washington Examiner
Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse
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.
Paul Bedard, The Washington Examiner's "Washington Secrets" columnist, can be contacted at pbedard@washingtonexaminer.com.
Here is my "Different Point Of Reference" - I'm just looking at this from the view of a common schmuck with nothing but common sense on my side. No fancy computer programs, no sophisticated political analysis, no Harvard degree. I find it interesting that this guy says he thinks it will be a "long and drawn out malaise" (isn't that comforting?) rather than a "precipitous decline", right after he advises loading up on guns and ammo. Typical Wall Street Guru - hedging his bets.
The Obama administration, and the Washington elite in general, have no idea about the realities of finance - or even life for that matter. They live in a lala land where you can spend as much as you want, print as much paper moony as you want, tax as much as you want and violate the Constitution as much as you want without any consequences. Couple these clueless idiots with a hugely greedy (yes I said that and I'm a capitalist) financial "community" that is accustomed to financially raping America and the world, pretty much without consequence, and you have the recipe for financial Armageddon.
Well, as unpopular as he was at the time, Rev. Jeremiah Wright had a point when he said "America's chickens are coming home to roost".
The scary part for me is that I'm a right winger and I agree with Jeremiah Wright, albeit from a different point of reference.

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