Thursday, August 12, 2010
Kind of related to previous post...
Marc Faber: Protect Your Property with High Voltage Fences, Barbed Wire, Booby Traps, Military Weapons and Dobermans
Investment guru and publisher of The Gloom, Boom and Doom report, Marc Faber, regularly discusses investment strategies for protecting and building wealth during times of economic distress. He has recommended purchasing gold, silver and foreign assets because of what he perceives to be an impending economic catastrophe in the United States.
He’s suggested that war, including traditional international conflict, civil war and non-traditional terror strikes, may eventually affect the United States and potentially turn it into what would could be perceived as a third-world country. Even if the US were to avoid a war on our own soil (which is unlikely according to Faber), the economic crisis will lead to serious problems for citizens by driving most into bankruptcy through hyperinflation of the US dollar, forcing most to literally fight for food and resources - thus he sees social unrest and riots on the horizon.
In addition to investment advice, Marc Faber also provides practical advice for those looking to preserve their well being. His advice is often looked at as a joke, but make no mistake, Faber is totally serious, even if he has a grin on his face when he says that the world as we know it is coming to an end.
In his latest GBD Report, Faber again advises those with the means to do it, to leave urban areas and seek safety in rural, country areas, preferably farms, and to be prepared to defend that land in the event the worst happens:
Faber has an interesting suggestion for investors if the plunge comes to pass.
With tongue apparently in cheek, he says buy a farm you can tend to yourself way out in the boondocks. And protect it with high voltage fences, barbed wire, booby traps, military weapons and Dobermans.
source: Money News
For those expecting a full-fledged recovery to take hold and new highs in the stock market, be careful. Marc Faber on markets:
The market is overbought, and there is a renewed sense of complacency that could get shattered pretty quickly.
Link:
http://www.shtfplan.com/marc-faber/marc-faber-protect-your-property-with-high-voltage-fences-barbed-wire-booby-traps-military-weapons-and-dobermans_08082010
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