People “Running” Into Gun Shows, Panic Buying Ammo


X-Beast

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Fortunately for me I stocked up on ammo about 10 - 15 years ago when the ammo prices were reasonable. I knew there would be a day when it would go thru the roof so I'm pretty squared away. Those fools who woke up late are paying the price!

X-Beast



Paul Joseph Watson
Prison Planet.com
Wednesday, May 6, 2009

People Running Into Gun Shows, Panic Buying Ammo 060509top

A San Francisco Chronicle report about a gun show in Daly City notes that when the doors were opened, people came running in and immediately started panic buying ammo, again emphasizing fears about shortages and the Obama gun ban agenda.

“Everybody’s panic buying,” said a wholesale ammunition dealer, who also requested anonymity. “When the doors opened (on Saturday), people we’re running in,” according to the report.

Gun dealers across the country are reporting a virtual run on ammo as prices soar.

Obama

Semiautomatic firearms “are going fast,” according to a dealer quoted in the report. “People are afraid the Obama administration will ban assault weapons.”

Gun owners are also concerned that Obama, despite claiming before the election that he wouldn’t target the second amendment, recently bemoaned the fact that he didn’t have the political power to ban semi-automatic weapons, falsely blaming U.S. gun shops for the violence in Mexico.

Obama is also pushing a treaty that would ban “illicit” manufacture of firearms and reloading.

According to Gun Owners of America,”Illicit manufacturing includes reloading and modifying or assembling a firearm in any way. This would mean that the Obama administration could promulgate regulations banning reloading on the basis of this treaty — just as it is currently circumventing Congress to write legislation taxing greenhouse gases.”

Despite Obama promising that he was not interested in going after the second amendment before his election, one of his first actions was to appoint the rabidly anti-gun Eric Holder as his Attorney General.

The leaked Obama gun ban list would make millions of Americans criminals for owning weapons such certain types of rifles or pistols. Anti-gun legislation has found its way into stimulus and other unrelated bills as pork barrel. The first steps of the Obama administration with regard to gun control have resulted in record firearm and ammunition purchases across the country.
************************************************************************************************************************************************************************************************************************************************************************************************************************************************What in the world do they plan on doing with this much Ammo ?????





DHS and ICE Order 450 Million Rounds of .40 Caliber Ammo



PRNewswire
March 15, 2012

ANOKA, Minn., March 12, 2012 /PRNewswire via COMTEX/ — ATK ATK -0.01% announced that it is being awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) agreement from the Department of Homeland Security, U.S. Immigration and Customs Enforcement (DHS, ICE) for .40 caliber ammunition. This contract features a base of 12 months, includes four option years, and will have a maximum volume of 450 million rounds.

ATK was the incumbent and won the contract with its HST bullet, which has proven itself in the field. The special hollow point effectively passes through a variety of barriers and holds its jacket in the toughest conditions. HST is engineered for 100-percent weight retention, limits collateral damage, and avoids over-penetration.

“We are proud to extend our track record as the prime supplier of .40 caliber duty ammunition for DHS, ICE,” said Ron Johnson, President of ATK’s Security and Sporting group. “The HST is a proven design that will continue to serve those who keep our borders safe.”

ATK will produce the ammunition at the Federal Cartridge Company facility in Anoka, Minn. Deliveries are expected to begin in June.

ATK is an aerospace, defense, and commercial products company with operations in 22 states, Puerto Rico, and internationally. News and information can be found on the Internet at ATK is a Fortune 500 aerospace, defense, security, and sporting products company .

Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends, and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: changes in governmental spending, budgetary policies and product sourcing strategies; the company’s competitive environment; the terms and timing of awards and contracts; economic conditions; the supply, availability and costs of raw materials and components; or reliance on a key supplier. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK’s most recent Annual Report on Form 10-K and its subsequent quarterly report on Form 10-Q and current reports on Form 8-K filed with the SEC.
 

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