There's a new breed of Americans stocking up on canned goods and ammunition. It's not the guy hiding out in a backwoods shack. It's your neighbor.
Jim Wiseman is a fire protection contractor who works "with my hands and the sweat of my brow," and a 54-year-old father of five. He lives about as far away as you can get from Washington, DC, and Wall Street...La Jolla, California.
La Jolla hardly seems the sort of place where you'd find a man stocking his garage for disaster, but Wiseman's not alone.
More Americans who are concerned about the teetering financial system dependent on government handouts are preparing for a potential doomsday scenario. They've been dubbed "Suburban Survivalists," and they're one reason the stocks of companies like Cabela'sand Big Fivehave more than doubled since the start of the year.
"I got involved in this six months ago when I became concerned about the financial meltdown," says Wiseman, standing in a garage piled high with enough canned goods to feed ten people for a year. He was concerned that the government's response to the banking crisis wasn't to let the free markets work, but to hand out money. "If this was our response from the government to fix the problem, then I can't depend on them to provide for me and my family."