Top Wall Street Advisor Says Real Unemployment at 37%: Advises Clients to Stock up on Guns & Ammo
David John Marotta, a Wall Street expert and Forbes contributor, is warning his clients to start stocking up on Guns and Ammo in preparation for a total economic collapse. He warned investors that the real unemployment rate is 37.2%, not the 6.7% the government is claiming.
Marotta says the government numbers are a complete fraud, and says every American should be ready for some very troubling economic times.
He told investors late last year, “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.”
He went on to say that everyone should start stocking up on guns and ammo, and should be prepared to survive a possible financial disaster. With a record 20% of all U.S. households receiving food stamps in 2013, it’s pretty hard to deny the fact that this country is in some major financial trouble.
Are you prepared to survive an economic collapse?
While some of his advice is a little simplistic, such as having a bug out bag to survive the first 72-hours of the crisis, I do applaud him for at least trying to warn his clients. In my opinion, being prepared to survive 72 hours does very little to prepare someone for a large-scale economic disaster; if you’re not prepared to survive for at least a couple of months, then you’re probably not going to make it through any type of economic collapse situation.
To be truly prepared for an economic emergency, I think you must have at least 3-6 months’ worth of food, water, and emergency supplies on hand – and even that might be on the conservative side. For those who are still on the fence, keep in mind that even if the economy doesn’t completely collapse, having a 3-6 month emergency fund can help insulate you from smaller scale economic troubles like a job loss or medical emergency.