Skip to comments.Demand for Guns, Food Stamps Indicates Uncertainty: Analyst
Posted on 10/18/2010 11:51:38 AM PDT by Nachum
The rise in gun sales and food stamp demand are indicators of a fearful public struggling financially, Nicholas Colas, chief market strategist, ConvergEx Group, told CNBC Monday. Oddly enough, buying a gun still holds very steady, but buying ammunition not so much, said Colas, who analyzes trends in the economy and financial markets. In addition to firearms and food stamps, ConvergEX reviewed sales of gold and silver coins and used cars. That tells us that there are more first-time [gun] buyers coming in to buy firearms and that speaks to your worries about security. They buy a few rounds
(Excerpt) Read more at cnbc.com ...
This stuff does not concern me one bit.
By the way, does anybody know where I can buy 55 gal drums of drinking water and cases of canned goods?
That's cause we already have our stockpile of ammo, but one can always use another .45 or 12-gauge.
Conservative bumper sticker: you can pry my gun from my cold dead hands.
Lib bumper sticker: you can pry my food stamps from my cold dead hands.
That reminds me, I need some more 7.62 to stock up, even though I have NO GUNS in my house.
RE: “The guns are to protect those without food stamps from those with food stamps after they run out of food stamps.”
Perfectly stated!!! Thanks for that -—
We be better served to worry about all those assault weapons that were bought by the obama administration in the name of the IRS, before we start looking at guns bought by law-abiding citizens....
Stocking up for the day when the government checks stop.
ought to be interesting times.
It reflects FAILURE, not uncertainty.
Like all this business about “uncertainty” holding back a recovery. B.S. What’s holding back a recovery is full on frontal ECONOMIC DESTRUCTION.
DING DING DING, bingo on that statement.
Oddly enough, I bought some 7.62 this last weekend. It was made by Remington in the USA. Of course, it’s just for conservation since I have no guns after the unfortunate boating accident....
Exactly. Within a week of when the checks stop arriving or the EBT cards don’t refill, every city will be Florence and Normandie, LA, 1992.
The checks won’t stop. They just won’t be worth anything....
I’ve always been more worried about mobs of hungry moochers than the govt. Fact is, the US govt only has enough forces to hold a few medium sized population centers. Us here in flyover country are going to be on our own.
Should be pretty easy to close I-15 at the Utah/Arizona border and keep the hordes from L.A. out. I-80 from Cal is more open but there’s not much cover so it could be interdicted without a lot of trouble. There are plenty of places with high ground and good fields of fire along I-80 in Nevada.
Go to an outdoors store like REI or Dick's Sporting Goods and buy a backpacking water purifier. They have several models with little hand pumps and the filters are good for several hundred gallons. Wouldn't hurt to buy an emergency bottle of the drops as well.
for those interested you can download my Preparedness Manual at:
uh... just buy the 55 gallon drums, configure them inline with your downspouts, and buy some “dichlor” pool shock.
For the canned goods, Costco.com.
Old Soviet joke—
“We pretend to work and they pretend to pay us!”
I scored 5 drums used for $10 each. Previously held peppers from the McIlhenny Company, Avery Island, LA. LOL. (aka the Tabasco Co.)
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