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send lawyers guns & money…

January 13th, 2009
Weve run out of Federal Firearm Licenses

"We've run out of Federal Firearm Licenses"

Yesterday I read this article in the New Yorker: The New Paranoia: Hedge-Funders Are Bullish on Gold, Guns, and Inflatable Lifeboats.

In his book Wealth, War, published last year, former Morgan Stanley chief global strategist Barton Biggs advised people to prepare for the possibility of a total breakdown of civil society. A senior analyst whose reports are read at hedge funds all over the city wrote just before Christmas that some of his clients are “so bearish they’ve purchased firearms and safes and are stocking their pantries with soups and canned foods.”

It reminded me of my experience on 9/11 and my thought that a really handy item for the paranoid Manhattanite in uncertain times might be a conveniently inflatable raft.

Yes, I was a little warped by the experience.  Evidently I’m not the only one, though…

These guys would prefer to be in a high-speed boat or ex-military vehicle, heading off toward their fully provisioned compounds in pursuit of the ultimate goal: to win the chaos.

Then today I came across the above notification from the ATF indicating that we’ve literally run out of firearms licenses.  I guess the optimistic interpretation is that there’s “always a bull market somewhere…”

I was gambling in Havana
I took a little risk
Send lawyers, guns and money
Dad, get me out of this

- Warren Zevon

dereferenced, hedge funds, our managed markets

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