2013-11-12

Doomsday Preppers

What I saw at the doomsday prepper convention
There are still uncertainties in the preparedness market, some driven by ideology, according to Charlie Hogwood of Personal Readiness Education Programs. "All last year it was up and up and up. But after the [presidential] election, it flattened out." Hogwood thinks that some in the market were overwrought over doomsday scenarios surrounding the reelection of Barack Obama. "Last year, I heard 100 different conspiracy theories" about what a second Obama presidency might mean. But when the election wasn't followed by martial law and FEMA camps, both the rhetoric and the market cooled off a bit. "I rarely hear the crazy theories now. Now everyone's worried mainly about the collapse of the dollar," says Hogwood, referring to widespread prepper fears of hyperinflation triggered by the Federal Reserve's quantitative easing.
The dollar is safe for now.

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