Peggy Noonan Goes Doomer
Read this article from today's WSJ by former Reagan staffer Peggy Noonan.
...Gun sales continue up. The FBI's criminal background check system showed a 23% increase in February over the previous year, a 29% increase in January, a 24% increase in December and a 42% increase in November, when a record 1.5 million background checks were performed. Yes, people fear President Obama will take away the guns he thinks they cling to, but a likely equal contributor to what The Wall Street Journal's MarketWatch called a "gun-buying binge" is captured in the slogan on one firearms maker's Web site: "Smith & Wesson stands for protection." People are scared.
They are taking cash out of the bank in preparation for a long-haul bad time. A friend in Florida told me the local bank was out of hundred-dollar bills on Wednesday because a man had come in the day before and withdrawn $90,000. Five weeks ago, when I asked a Wall Street titan what one should do to be safe in the future, he took me aback with the concreteness of his advice, and its bottom-line nature. Everyone should try to own a house, he said, no matter how big or small, but it has to have some land, on which you should learn how to grow things. He also recommended gold coins, such as American Eagles. I went to the U.S. Mint Web site the next day, but there was a six-week wait due to high demand.
I just went on the Web site again: Production of gold Eagle coins "has been temporarily suspended because of unprecedented demand" for bullion...
Pity she didn't have the smarts or the guts to name the real cause of much contemporary American anxiety:
Our fellow Americans have elected an inexperienced Marxist as POTUS and given him a crushing majority in both Congressional houses. Meanwhile, those of us who know better have sat benumbed while Comrade Sotero's first sixty days in office have dramatically compounded most of the problems he inherited.
Now trend things out three years.
Last freedom-lover in the house -- please turn off the lights.
Alea iacta est.