Why Preppers Should Be THRILLED That The Stock Market Has Hit An All-Time High
By Michael Snyder
November 6th, 2013
am a prepper and I LOVE the fact that the stock market is at an all-time high. In fact, I hope that it keeps going up for as long as possible. Why? Because it gives me more time to prepare for the inevitable collapse that is coming. As I will discuss extensively below, anyone with half a brain should be able to see that a great financial disaster is coming to this nation. If you still doubt this after reading this article, please go check out The Economic Collapse Blog where I have posted nearly 1000 articles that break this down in excruciating detail. Unfortunately, a lot of preppers out there are being really, really stupid right now. Over the past six months, I have noticed a tremendous amount of apathy among the prepper community. A lot of preppers were doing really well for a while, but now a lot of them have apparently decided that we are no longer in imminent danger of an economic collapse and that instead of preparing it is time to party. This is a critical mistake. We should be thankful that this stock market bubble has given us a few more months to prepare. Sadly, so many people out there are wasting this precious opportunity.
It is almost as if most people have forgotten what happened during the last financial crisis. 2008 may as well be ancient history for most Americans.
None of the underlying problems that plagued the U.S. economy back then have been fixed.
For example, the problem of having “too big to fail” banks has not been addressed. In fact, “too big to fail” is now bigger than ever.
Over the past five years, the six largest banks in the United States (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) have gotten 37 percent larger.
Meanwhile, 1,400 smaller banks have quietly disappeared from the U.S. banking industry.
So we are far more vulnerable to a collapse of those banks in 2013 than we were in 2008.
And those banks continue to become even more reckless with their money and our money.