06 January 2010

Morgan Stanley Guru: Buy a Gun & Lots of Ammo

When top economic prognosticators are recommending buying a safe haven away from the city, providing your own food supply, and buying guns and ammunition to protect it -- you should know that we may be facing some difficult times.  Here are a few predictions:
Former IMF chief economist Simon Johnson warns:

"We're running out of time ... to prevent a true depression." He says unless we break Wall Street's "stranglehold" we will be unable prevent the Great Depression 2.

Morgan Stanley research guru turned hedge fund manager Barton Biggs, who called the market rally, advises that you buy a farm a good distance away from a city and, he advises, make sure that your doomsday safe-haven:
Be self-sufficient and capable of growing some kind of food...Be well-stocked with seed, fertilizer, canned food, wine, medicine, clothes, etc.

And get a gun, he says, because "a few rounds over the approaching brigands' heads would probably be a compelling persuader that there are easier farms to pillage."

Mark "Gloom Boom Doom" Faber also recommends buying farmland. Our society has peaked and is on the decline, he says:

"Once a society becomes successful it becomes arrogant, righteous, overconfident, corrupt, and decadent ... overspends ... costly wars ... wealth inequity and social tensions increase; and society enters a secular decline." _BusinessInsider

More predictions from Marketwatch


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