Wall Street advisor recommends guns, ammo for protection in collapse

by
December 26, 2013

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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.

  • Porfie

    Chicago! Hell, that’s the Godfather Harold. If you don’t do what he says, he’ll stiff arm you if not kill you to get his way!

  • Paladin

    Yes, you really can turn lead into gold now since the price of all that ammo has just gone up with the EPA closing of the lead smelting plant down south.

  • antiliberalcryptonite

    Really??? Wow, why didn’t we think of that?!?!

    • boone1

      I guess this guy thinks most people are stupid.What I mean by that is the people that have there sh!t together the rest are still living in obama’s world!!!

  • Harold

    Best recommendation I have ever heard. Considering the Chicago thug mafia we have in the capital .

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