Apparently I’m not the only one who thinks you should be prepared for TEOTWAWKI

Posted by Jason | Posted in Miscellaneous | Posted on 06-01-2010

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I came across this post on The Business Insider. Apparently, smarter folks than I are giving some of the same warnings I did in my post here.

MarketWatch has rounded up a few of the more pessimistic preditions about 2010.

A lot recommend buying farmland. Here are the gloomiest:

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 (pictured), 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.”

via Barton Biggs: Stock A Safe Haven With Food And Firearms To Protect Against Pillagers.

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Comments (1)

It sure looks bad when people like this are starting to sound the alarm and to panic!

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