This IMO is Wall Street advisor David John Marotta’s way of putting warning out unofficially and panicking the markets. If we are not in the eye of the perfect financial storm then we are on the start of one. I say eye of the storm because the economic collapse started years ago in 2007/08, although others will argue it started even longer! Regardless of when it started fact is we are in one, a stealth depression as I have argued for quite some time! Many claim we are in a recovery but I don’t see it with record unemployment, people in poverty and on food stamps, massive debt etc. Being in the middle of the eye of the storm makes more sense. We took the big hit years ago then things calmed down but are we better off? Do you think the Fed pumping $85 billion into the money supply is a good thing? What nation flourishing economically needs its central bank to pump more money into the system?? How did that work out for the Weimar Republic?
Financial experts, politicians and political pundits routinely compare our current economic state with the Great Depression yet always stop shy of calling our situation a depression. You know why? They know if they say “we are in a depression” the markets will collapse from just that word being said! I have to tell you if the powers that be were just honest and said it we would hurt but we would be okay. Instead they keep putting a bandaid on this mess trying to delay the inevitable making matters worse. The US went through 2 depressions in the early 20th, I bet you didn’t know that! We had one no thanks to Woodrow Wilson that was turned around under Harding and Coolidge, thus the “Roaring 20’s”! Then we had our next depression under FDR, during which life went on. Some people had money, homes, cars while taking a financial hit while others lives who were wiped… but we still continued on. Great example to see what I am suggesting is depicted in the “Cinderella Man”. Watch it, it’s a great movie and you learn a little too!
Something is brewing and has been for a long time, Marotta is just another name added to the list of financial experts like Rogers, Dentand Buckner warning 2014 could be the year! Do what you can and prepare, have faith in fellow Americans because this govt will abandon all of us to protect themselves!
Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse
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 â€œbug-out bagâ€ 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, â€œFirearms 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.â€
His memo is part of a series addressing the potential for a â€œfinancial apocalypse.â€ His view, however, is that the problems plaguing the country won’t result in armageddon. â€œThere is the possibility of a precipitous decline, although a long and drawn out malaise is much more likely,â€ said the Charlottesville, Va.-based president of Marotta Wealth Management...more