Saturday, December 21, 2019

How the Wealthy are Planning to Survive Economic Collapse

By Timothy Gamble (November 22, 2017) 

An article in The New Yorker earlier this year starts off with this line: “Some of the wealthiest people in America—in Silicon Valley, New York, and beyond—are getting ready for the crackup of civilization.

Steve Huffman, co-founder and CEO of Reddit, was quoted in that same article: “I own a couple of motorcycles. I have a bunch of guns and ammo. Food. I figure that, with that, I can hole up in my house for some amount of time.” He also revealed that he has undergone laser eye improve his vision in hopes of improving his chances of surviving a disaster.

PayPal co-founder, billionaire, and member of the Bilderberg Group, Peter Thiel recently became a New Zealand citizen and purchased a large tract of land there.

And these are only two of a long-list of the ultra-wealthy who are taking steps to prepare for an economic doomsday that they feel may come in the not too distant future. Over the last few years, there have been many news articles and reports of the world's elite buying land and “doomsday bunkers” around the world.

So, what is going on? What do the world's elite see coming, and what are they doing to survive?

Financial reporter Paul B. Farrell has written several articles about what he describes as a “coming global debt bomb” and the fact that many of the world's wealthy elites and financial insiders have realized that a global economic collapse is inevitable. In talking about how to prepare for the coming collapse, Farrell quotes hedge fund manager Barton Biggs (now deceased), who advised his clients to expect the "possibility of a breakdown of the civilized infrastructure". His advice: Make tons of money. Buy an isolated farm in the mountains. Protect your family against the barbarians.

"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. Think Swiss Family Robinson." -- Paul B. Farrell quoting advice from Barton Biggs

Please realize that this isn't advice from some survivalist guru to militia-type folks. Instead, this is advice from a respected hedge fund manager and financial insider, to his ultra-wealthy clients.

Notice that first part of the above quote - make tons of money. Farrell and others are saying that the wealthy elites are doing just that. Realizing that an economic collapse is inevitable (only the timing is uncertain), they are making as much money as they can right now using short term tactics (creating a frothy stock market in the process) and reinvesting that money into hard assets such as productive land, gold, silver, agricultural and other commodities, as a protection against future collapse.

There are two ways to look at this advice: 1) the wealthy elite are selfish, greedy scumbags who are trying to take advantage of a dire situation to their benefit; or 2) the wealthy elite see what is coming, realize there is nothing that can be done at this point to prevent it, and are simply doing whatever it takes to protect themselves and their families. Greedy, honorable or both - you decide.

So, what is the average Joe and Jane supposed to do if collapse is coming? Adopt the advice of Biggs and the tactics of the ultra-wealthy. Make as much money as you can right now, turning that short term cash into the things you and your family will need to survive the coming economic chaos. Buy productive land in a relatively low-population area. Set up a homestead. Invest in security ( guns, ammo, self-defense classes, harden your home, etc.). Take care of any health needs now. Stockpile food, water, medicine, clothes and other supplies. Learn the useful skills of self-sufficiency. Get ready now to hunker down and ride out the collapse when it happens. 

Of Interest:

Going Galt: Surviving Economic Armageddon

Going Galt: Survival Gardening: Sustainable High Yield Gardening


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