There is now a run on... 36 posts by 13 users

Posted: 10/03/2008 at 09:06AM

Of all things to prosper in this economy, who would of thought that Americans are rushing out to buy SAFES.

There is a run on safes in America.

It makes sense, really.... a place to save our money, our valuables, our important papers....

The scary part: there is also a run in another industry right now. What else do folks put in those safes? Maybe you guessed it.

Guns & Ammo are flying off the shelves.

No, not "Lawyers, Guns, and Money" for you classic rock fans out there - Americans want "Safes, Guns, Ammo, and Money"

What is happening?

Posted: 10/03/2008 at 09:13AM

Those that understand what is happening are stocking up on food, guns, ammo, and a place to keep them because they know that there could be a collapse of law and order, in addition to a collapse of the economy. I don't expect that to happen in rural areas, but it doesn't take much in cities for people to act like animals. Look at what happened after Katrina. RIDICULOUS!

Every generation but ours has been involved in great hardship. Our time is up!

Mike

Posted: 10/03/2008 at 11:44AM

Is this for real?

Maybe I am young (25) and naive but this seems like drastic overeaction.

I seriously doubt with every bone in my body we need to be stocking up on guns, ammo, food, safes...etc.

It's almost laughable.

I think we are heading into tough times with a depression looming but come on....

Maybe I am just to sheltered in the nice rural town I am living in right now.

All you guys are fairly logical and to my understanding aren't total wack jobs.

Just a simiple yah or ney....

How many of you really think these steps need to be taken by your average American?

Posted: 10/03/2008 at 11:54AM

In all seriousness, no there is no need to go to extreme measures.

Being prepared is a good thing and considering where I live we tend to get ice storms in the winter, I do tend to stock up a bit as winter approaches.

I don't think we are going into a depression. I don't think there is a need to "stock up" on guns and ammo. I do think every responsible citizen owes it to their neighbors to be armed and ready the way the framers of the Constitution intended. Read into that what you will.

If I thought for a moment we were really headed for a depression I would try to immediately dump all of my property for whatever cash I could get. The ones I couldn't sell I would stop making payments on and just walk away. Then I would pay off all of my debts and mortgages on the houses we spend our time in and convert half of the remaining cash into hard currency. Most likely gold coins and secure them where I had ready access no matter what happens. Then the balance of the cash would be in 5's, 10's and 20's and stored again where I had ready access no matter what.

But, since I don't think a depression will happen and our society is not about to break down, I am still buying properties not disposing of them and keeping my cash securely in banks and brokerages.

Anyone chanting the end of our financial system is near while still holding an asset like real estate or stocks is just blowing smoke.

Posted: 10/03/2008 at 12:08PM

Honestly, is this just a personal observation or is this from a report/market indicator?

Posted: 10/03/2008 at 01:26PM

This is for real. It is breaking news, so there is not a lot about it out there yet (you heard it here first on BP) - stay tuned and it will hit the mainstream.

Until then, how is CBS as a credible source:

Jittery Californians Buying Bullets And Safes

Do your own Goggle research, do not just take it from me. I am certainly not a Chicken Little type.

Posted: 10/03/2008 at 01:37PM

From the Appeal-Democrat (surely not a conservative source):

Preparing for financial apocalypse

Posted: 10/03/2008 at 04:27PM

I am going to have to agree with Michael on this one.

I view the bailout passing as a little extra padding - a little more time - to prepare for the worst, while continuing to follow the advice of people who have exactly what I want, to hope for the best.

I'd like to think we learn from our past mistakes. But that doesn't seem to be the case, or we wouldn't be having a bailout thread going.

Just this week, through well written articles with good analogies, I am finally starting to get a grasp on how serious it is.

I remember last week having the gun conversation at beach volleyball, and one of them mentioned hearing about military troops being organized for possible deployment in US locations.

That's not laughable, well, maybe a little.

Edited: 10/03/2008 at 04:39PM by Matty M.

Posted: 10/03/2008 at 05:09PM

I think we saw how the public will handle it after the vote and it was signed. The market dropped and closed down 157 points.

Monday is going to be real fun!

Posted: 10/04/2008 at 08:29PM

you people cannot compare the great depression of 80 years ago to this. apples and oranges. we are in an information age and if you havent noticed things change quickly- too quickly in my opinion. dows down 777 one day up 500 the next. we're in a very volatile state right now but we wont be in breadlines any time soon. we will however have to cut back on our "luxuries" that weve enjoyed for too long but dont act like there will be a food shortage with people shooting each other over milk. thats asinine and that way of thinking is destructive and if it does happen it will be the negative doomsayers that caused the demise. get out there and buy some good old US stock and quit *****ing about the apocolypse. (it aint happening until 2012)