Why Gold Would Be Useless in an Economic Apocalypse

[spin]

37. David Marotta in his series of blog posts also mentioned the value of owning firearms ...

and having a "bug out" bag in a financial apocalypse.

Should I Be Storing Food, Water and Firearms?
DECEMBER 11, 2013 BY DAVID JOHN MAROTTA

***snip***

Just to be clear. 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. But in most disasters, including I suspect TEOTWAWKI, most people you meet will be civil.


Still, a bug out bag is a good idea depending on where you live even if the emergency is just power outages, earthquakes and hurricanes. And with your preparedness you will be equipped to help others who might be in need.
wallstreet advisor guns and ammo in a financial apocalypse

http://www.marottaonmoney.com/should-i-be-storing-food-water-and-firearms/


Marotta strikes me as somewhat of a survivalist.

Still he is definitely correct that having "bug out" bag is a damn good idea. I had to evacuate Tampa when Hurricane Charley was predicted to make landfall in the Tampa Bay Area in 2004. I remember madly racing around my house gathering up important items and paperwork before I left. Fortunately Hurricane Charley decided to make a hard right turn and instead made landfall in southwestern Florida 60 miles from my daughter's home where I had evacuated to. Had it followed the predicted path and hit the Tampa Bay Area it is quite possible that my home would have ended up totally flooded.

After that incident I learned to keep a bug out bag packed and ready so I could leave in a matter of minutes rather that hours.

In a total financial melt down firearms and ammo could be traded for other essentials. A box of ammo might easily be swapped for a good quantity of food or supplies. A rifle, shotgun or handgun might prove to be a very valuable item to barter. Of course a firearm could also save your life or the life of family members. Many Americans fear a total financial meltdown largely because of propaganda spread by the conservative press and right wing talk show hosts. Perhaps that is one of the reasons for the skyrocketing sale of firearms in recent years and the fact that store shelves have often been bare of ammo.

Surprisingly the increased sale of firearms has not led to a large increase in violent crime. For some reason violent crime and firearm crime has dropped to levels last seen in the late 1960s. I suspect this is a result of better and more proactive police work.

Unfortunately guns are not for everybody. Many people who purchase them lack the training to safely handle them. Others may tend to abuse alcohol which does not mix with handling a firearm. Some people have serious mental problems and they misuse firearms to commit mass murders. Also there is no doubt that owning a firearm makes committing suicide easy and failure to store your weapon properly can lead to a child discovering it possibly ending in a tragic result.

Of course in a true financial collapse, firearms could be empower the criminal element to invade homes and steal food and supplies.

We may well face difficult economic times in our future but I honestly doubt that we will have the total disaster that David Marotta fears.