Posted on 02/23/2010 6:13:51 PM PST by jsh3180
The worlds most powerful investors have been advised to buy farmland, stock up on gold and prepare for a dirty war by Marc Faber, the notoriously bearish market pundit, who predicted the 1987 stock market crash.
The bleak warning of social and financial meltdown, delivered today in Tokyo at a gathering of 700 pension and sovereign wealth fund managers.
Dr Faber, who advised his audience to pull out of American stocks one week before the 1987 crash and was among a handful who predicted the more recent financial crisis, vies with the Nouriel Roubini, the economist, as a rival claimant for the nickname Dr Doom.
Speaking today, Dr Faber said that investors, who control billions of dollars of assets, should start considering the effects of more disruptive events than mere market volatility.
The next war will be a dirty war, he told fund managers: time frame.
(Excerpt) Read more at business.timesonline.co.uk ...
People who think theyre going to be safe buying property and living off the land are nuts. They have no idea of the work involved. You better have years of experience living in the bush or a hired farmhand who knows the business.
Furthermore, an isolated farm is not defendable. Youd need to set up a perimeter and guard that perimeter. For that you need manpower. The smell of cooking, burning fuel or running a generator carries for miles. Youll be the first ones picked off during general anarchy. I dont care how much ammo youve got. Looters will wait for you to walk to the outhouse or go beddy-bye and bam - youre dead.
Youre better off moving to a small Christian community where the people are heavily armed and believe in the Constitution. There is strength in numbers.
Green Acres is a TV series, people. Its comedy.
Doritos are good!
If I have gold
who will buy it?
Food, ammo, and other preparedness supplies are first priority for crisis survival.
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