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6 keys to investing for doomsday

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posted on Aug, 4 2009 @ 03:38 PM

These rules will help you prepare for the end of civilization as we know it in 2050 -- or whatever other worst-case scenario you can imagine.


In his 2008 best-seller, "Wealth, War & Wisdom," hedge fund manager Barton Biggs warns that investors must "assume the possibility of a breakdown of the civilized infrastructure."

And to prepare for a breakdown of civilization, "your safe haven must be self-sufficient and capable of growing some kind of food. . . . It should be well-stocked with seed, fertilizer, canned food, wine, medicine, clothes, etc." Bloomberg Markets suggested that by "etc." he meant guns, as Biggs added "a few rounds over the approaching brigands' heads would probably be a compelling persuader that there are easier farms to pillage."

That warning isn't from a hippie radical. Biggs was a respected Wall Street guru at Morgan Stanley for 30 years. As the company's chief global strategist, Institutional Investor magazine put him on its All-America Research Team 10 times. SmartMoney said: "Biggs is without question the premier prognosticator on the international scene and a mover of markets from Argentina to Hong Kong."

This is a funny, but interesting article.

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