The Washington Examiner is reporting that 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.
Here is a portion of David John Marotta article:
I receive a fair number of videos, emails and articles about the coming financial crash. It is always nigh. It is always imminent. And it is always being predicted by the elite people who predicted the last three big events correctly.
The cause is deficit spending, the growing debt, entitlement spending, rising taxes, the elite, the banking cartel, the energy companies, Obamacare, aging baby-boomers, the administration, the NSA, the government, the world government…
The expected outcome is vague but terrifying. The banks will close, trade will cease, mobs will roam the city streets looking for people to eat. The cause and effect for these horrors isn’t clear, but what it clear is that you need to take action in order to save yourself and those you love from this inevitable collapse of civilization.
Let me stop before I go any further and say that 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 US 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. But I do disagree with their financial advice.
Read More – Is A Financial Apocalypse Coming?