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Will Blood Flow Down Wall Street? by Don Boys, Ph.D., Posted December 15, 2013          

Wall-Street-2.jpgWhile I am not usually a pessimist, I believe that blood will soon flow in the streets, especially Wall Street and that street is connected to Main Street. You should prepare for financial and probably political chaos ahead. If you are planning on Social Security or even a corporate pension to support you, you may be standing on a bridge of mist. Moreover, when the terrorists strike again, you may be fortunate to have a job, any kind of job.

 

I used to feel like the cartoon character carrying a sign with an ominous message on front and back: “Prepare: The End is Near.” I’m not alone anymore. Famous money man, Jim Rodgers said, “Be prepared, be worried, and be careful.” He told the media, “Eventually, the whole world is going to collapse.” He declared, “This is going to end badly.” That’s what I’ve been saying, but few have listened, even those close to me have thought I had run off the rails.

 

In preparation for bad days ahead, I suggest that everyone develop a second profession or trade. A lawyer should learn carpet laying; a physician should learn plumbing; an accountant  should learn carpentry; and a salesman should learn small engine repair. When survival is the major concern, people will not use lawyers, physicians, and accountants except in extreme situations. Everyone should have a part-time income since every job is insecure. Furthermore, everyone should plant a garden, and not only to have nutritious food to eat but to have any food to eat.

 

Make plans now to get out of debt personally and corporately. Churches and businesses should start debt retirement projects. If I were a pastor of a church that owned multiple acres, I would seriously consider selling a few acres to pay off the debt. I would look closely at any major expenditure. Of course, churches cannot put every expansion program on hold and not make moves that circumstances require, but I would move slowly with any building program whether for a church, a family, or a business.

 

Moreover, you cannot count on your pension plan being available or sufficient to replace your working income because your 401 (k) plan may end up worth $401.00 to finance your retirement! Consequently, don't plan on retiring! Retirement is never found in the Scripture. Adam was to work to the day of his death. There is something carnal about waiting all your life until the day when you can lie around all the time, fishing, hunting, and generally playing. Of course, bad health may force you to retire.

 

Moreover, those under 50 are very foolish or naïve if they plan on Social Security to provide the necessary retirement income. Work is in your future, and a wise move on your part would be to plan for that now. If not, plan to be a stock "boy" at the local supermarket, greeter at Wal-Mart or item checker at Sam's.

 

Regarding investments, what should prudent Americans do about a major financial and social catastrophe that is about to hit us right between the eyes? After getting out of debt, you should consider selling your stock and bonds or buying mutual funds that provide a guaranteed minimum for a premium. Take any temporary rise in prices as an opportunity to sell any stocks except possibly precious metals or energy stocks. Sell your stocks and bonds; after all, something is better than nothing. 

 

If (when) total financial collapse comes, the cities will be madhouses, so make plans to get your family to safety—that means at least 20-30 miles from a metropolitan area. Property values are still reasonable in small towns and a wise investment might be to buy a rental where you could move to when dangerous times arrive. On the other hand, you could buy a lot on a lake or a mountainside and put a mobile home on it. You could always rent it or retire there if the future turns rosy.

 

We are already seeing three generations living in the same house because of lack of jobs and the difficulty in renting or buying a house. DUMPies—Destitute Unprepared Mature People will be everywhere. Few people will drive a new car and vacations will be short, or non-existent. People will once again learn to “make do” with what they have.

 

It would be prudent to purchase some freeze-dried food from some survival outfit and a few five-gallon cans of wheat and corn. The food you ate today traveled 1500 miles to get to your table. If “peaceful” terrorists hit delivery trucks or bridges and tunnels leading to major cities, will food and fuel be transported? You should also have many gallons of water packed away for an emergency. Most people think such suggestions are extreme, but when you face those times, you won’t think so.

 

Our grandparents would not have considered having empty pantries. After all, disasters do happen, don’t they? A wise person plans for all contingencies as much as is possible. If the water is not used, pour it on your garden, and eat the stored food. After all, the price of food will not go down.

 

If there is a financial collapse, you can count on a breakdown of law and order. Surely, there is no question about that. In event of riots, it would be wise to have a couple of guns and ammo available! What, a Christian shooting someone? Yes, in my home it will happen if necessary. If a mob kicks down my door, be assured that they will be shot. If you knock on my door asking for food, you will be fed but if you kick down my door, you will be dead! Then I will expect a commendation from the governor for doing all people in Georgia a favor!

 

It is very “Christian” to protect your family.

 

Copyright 2013, Don Boys, Ph.D.

 

More articles and bio for Dr. Don Boys…

 

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