What Do They Know? Why Are So Many Of The Super Wealthy Preparing Bug Out Locations?

Tyler Durden's picture

Submitted by Michael Snyder via The End of The American Dream blog,

A lot of ultra-rich people are quietly preparing to “bug out” when the time comes.  They are buying survival properties, they are buying farms in far away countries and they are buying deep underground bunkers.  In fact, a prominent insider at the World Economic Forum in Davos, Switzerland says that “very powerful people are telling us they’re scared” and he shocked his audience when he revealed that he knows “hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand”.

So what do they know?  Why are so many of the super wealthy suddenly preparing bug out locations?  When the elite of the world start preparing for doomsday, that is a very troubling sign.  And right now the elite appear to be quietly preparing for disaster like never before.

The insider that I mentioned above is named Robert Johnson.  He is the president of the Institute of New Economic Thinking, and what he recently told a packed audience in Davos is making headlines all over the planet

With growing inequality and the civil unrest from Ferguson and the Occupy protests fresh in people’s mind, the world’s super rich are already preparing for the consequences. At a packed session in Davos, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,” he said.

But he didn’t stop there.

In a separate interview, Johnson admitted that “very powerful people are telling us they’re scared” and that the elite “see increasing evidence of social instability and violence”.  You can watch video of the entire interview below…

Wow.

And Johnson is not the only one saying these things.

The following quote comes from the Mirror

His comments were backed up by Stewart Wallis, executive director of the New Economics Foundation, who when asked about the comments told CNBC Africa: “Getaway cars the airstrips in New Zealand and all that sort of thing, so basically a way to get off.  If they can get off, onto another planet, some of them would.”

Of course not all elitists are planning to jet off to the other side of the globe.

Some are planning to go deep underground when things hit the fan.

For example, there is an underground decommissioned missile silo in Kansas that has been transformed into luxury survival condos by a real estate developer.  The following is from a Wall Street Journal article about those condos…

The so-called Survival Condo complex boasts full and half-floor units that cost $1.5 million to $3 million each. The building can accommodate up to 75 people, and buyers include doctors, scientists and entrepreneurs, says developer Larry Hall.

 

Mr. Hall, who lives in a Denver suburb, bought his first missile-silo site in Kansas in 2008 and completed construction in December 2012. A year later, he says, the development had sold out. Work on the second security compound—the one where Mr. Allen bought a unit—is under way, and Mr. Hall says he is considering additional sites in Texas and elsewhere.

 

As former nuclear missile sites built under the supervision of the Army Corps of Engineers, the structures were originally designed to withstand a direct hit by a nuclear bomb. At ground level, they can be sealed up by two armored doors weighing 16,000 pounds each. Mr. Hall added sophisticated water and air-treatment facilities, state-of-the-art computer network technology and several alternate power generation capabilities.

Other wealthy individuals are turning their current homes into high tech security fortresses.

Those that are involved in providing these kinds of services have seen business absolutely soar in recent years…

Wealthy families across the country are shelling out millions to protect their loved ones from intruders, natural disasters or the apocalypse as home security goes increasingly sci-fi.

 

Companies that provide concerned homeowners with futuristic gadgets – and a priceless peace of mind – have revealed the growing demand of costly bunkers, passageways, panic rooms and recognition software.

 

Chris Pollack – president of Pollack+Partners, a design and construction adviser in Purchase, New York – told Forbes that, while security has always been important for the wealthiest clients, the spending on home security has noticeably grown in the past five years.

 

And the options available on the market are like something from a Bond film.

For much more on this, please see my previous article entitled “Why Are So Many Wealthy People Building Futuristic High Tech Security Bunkers?

So why are all of these wealthy people so alarmed?

Well, the truth is that they can see what is happening.

They can see that millions of people are falling out of the middle class.  They can see that society is breaking down in thousands of different ways.  They can see that anger and frustration are rising to unprecedented levels.  And they can see that things are likely to boil over once the next major economic crisis strikes.

Even though the economy is still fairly stable for the moment, signs of increasing economic suffering are everywhere.  For example, the Los Angeles Times is reporting that homeless encampments are rapidly spreading throughout the Los Angeles area…

Over the last two years, street encampments have jumped their historic boundaries in downtown Los Angeles, lining freeways and filling underpasses from Echo Park to South Los Angeles. The Los Angeles Homeless Services Authority, a city-county agency, received 767 calls about street encampments in 2014, up 60% from the 479 in 2013.

We live at a time when almost everyone is getting poorer except for the elite The top 1 percent now have close to 50 percent of the wealth in the entire world, and each year wealth becomes even more concentrated in their hands.

The elite know that eventually a breaking point is going to come.  Those that are smart don’t want to be around when that happens.

And we got a few clues about what things might look like what that time comes from the recent “snow scare” in New York.  Frightened consumers wiped out supplies of bread, milk and eggs within just a few hours.  People started to take advantage of one another, even the journalists seemed like they were on the verge of panic, and virtually the entire city shut down.

All of this over just a few snowflakes.

So what is going to happen when we have a real crisis?

If the elite are preparing to bug out, it is hard to blame them.

I wouldn’t want to be right in the middle of a volcano when it erupts either.

Life is about to dramatically change, and signs of the coming storm are everywhere.

I hope that you are getting prepared for what is about to hit us while you still can.

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AGuy's picture

"The clown in the interview recommends giving the govt beast more money as a solution...and he seems to think bathhouse barry has some solutions."

Indeed! Especially if you consider that the gov't is the elite. So they are going to rob themselves, then give themselve the money back?

 

 

JLM's picture

A wise man sees trouble coming and hides himself.....

hedgeless_horseman's picture

 

 

I have never put much stock in hiding myself.  I guess that is why I am seldom accused of being a wise man. 

When I see real trouble coming, I try to get myself between trouble and my loved ones, or at least warn them.  I know I am supposed to make it very easy for trouble to go elsewhere, and very hard for trouble to keep coming closer.  Unfortunately, we Irish do like to fight, and so that doesn't always happen.

The keys, obviously, are to expect trouble and to be fortunate enough to see it coming.

Lin S's picture

The moronic tripe you publish was more than enough to convince me that you're not wise.

Being too stupid to dodge trouble and enjoying a physical fight just tell me that my previously low opinion of you was the correct one.

But hey, go get 'em, tiger.

Socratic Dog's picture

Worth mentioning that the bloke who likes a bit of a scrap is likely to come out well ahead of the bloke who likes to run when that scrap is forced on them, or theirs, whether they like it or not.

You can't run forever, cecil.  Anyone who depends on you for protection, kids, wives and the like, would likely lose little sleep over the knowedge that you were a tough bastard.  If you were.

 

hedgeless_horseman's picture

 

 

8th RULE: If this is your first night at FIGHT CLUB, you HAVE to fight.

kappal_toba_dhurr_ne_thook's picture

Deekras, this is what I have heard and believed for a very long time.  People are NOT leaving USA for tax reasons - they areleaving for SAFETY.  And while economic problems can happen anywhere, USA is the eye of the storm (despite USA government's lies to the contrary) and the rioting and bedlam that will ensue is too shocking to consider.  (Remember the "orderly" state  of chaos after Katrina???)

 

The BEST thing you can do is to leave USA for  good.  That means not only moving your  money but your physical selves OUT of the country.  Get another citizenship and then, if you really want to be free, renounce your USA citizenship or greencard.  That is really the only way to fredom.  

andrewp111's picture

And if the SHTF elsewhere and you can't get back into the USA, oops !!!

You don't know what countries will be safer than others when the shit hits. But if you escape to a little tiny country now, you could be trapped there, just like being trapped in a bunker with no way out. I'd rather stay in the USA. It is a big country, and that gives you more options if you have to flee later.

kappal_toba_dhurr_ne_thook's picture

No you never know hwere will be safe but I DO know that USA will perhaps be one fo the WORST places to be. With the ethnic tensions, drugs, gangs, succession movements, income divide, etc as well as all-in-all lawlessness pervading, AND to top it off a people that are used to being cared for,  well, once those benefits are cut off you will really know what hell is like.  

 

As for those "gated communities", please don't make me laugh.  You think those rent-a-cops are going to risk life and limb keeping your rich butts safe???  Kappal tero deekra (my foot!)  

 

So YES, one IS better off OUT of USA and the rich know it and are making it for the exits.  We did and we are happy.  Lived in USA for 20 years and enough was enough. No more BS media tellingus that things were "on the mend" when everywhere we looked we saw more and more poverty.  Time to WAKE UP and smell the used condoms on the street!  The ship is sinking and no sweet music played on the deck can hide this fact. 

El Vaquero's picture

There is a lot of open space in the US if you're not on the coasts.  This meltdown is going to be global.  I'll stay where I understand the people and the land, and know some of that open space that is completely unknown to most of the urban population.

PrecipiceWatching's picture

You have a very limited, blindered understanding of the ENORMOUS, diverse United States.

 

But, we're glad too, that your condescending, ignorant ass is out of here.

Socratic Dog's picture

Kappal is right.  In a true SHTF scenario, things will come down to carrying capacity.  Australia is the same size as the US, and has a population less than that of the LA basin.  Where do you think you might have the best chance of survival in a total collapse?  Probably not the LA basin, would be my guess.

humble_man's picture

I don't even like to visit the LA basin on vacation. 

kappal_toba_dhurr_ne_thook's picture

No you never know where will be safe but I DO know that USA will perhaps be one fo the WORST places to be. With the ethnic tensions, drugs, gangs, succession movements, income divide, etc as well as all-in-all lawlessness pervading, AND to top it off a people that are used to being cared for,  well, once those benefits are cut off you will really know what hell is like.  

 

As for those "gated communities", please don't make me laugh.  You think those rent-a-cops are going to risk life and limb keeping your rich butts safe???  Kappal tero deekra (my foot!)  

 

So YES, one IS better off OUT of USA and the rich know it and are making it for the exits.  We did and we are happy.  (And we  are no nowhere near being rich.)  Lived in USA for 20 years and enough was enough. No more BS media telling us that things were "on the mend" when everywhere we looked we saw more and more poverty.  Time to WAKE UP and smell the used condoms on the street!  The ship is sinking and no sweet music played on the deck can hide this fact. 

epicurious's picture

Sorry but I haven't noticed any better behavior in Asia in the face of tumoil nor have I found any country where there is a serious abscence of ignorance and stupity even in India and Ceylon there are conflicts between the Hindus and the Buhdist supposed pacifist sects that rival stupity and chaos found anywhere.

kappal_toba_dhurr_ne_thook's picture

Deekras, this is what I have heard and believed for a very long time.  People are NOT leaving USA for tax reasons - they are leaving for SAFETY.  And while economic problems can happen anywhere, USA is the eye of the storm (despite USA government's lies to the contrary) and the rioting and bedlam that will ensue is too shocking to consider.  (Remember the "orderly" state  of chaos after Katrina???)

 

The BEST thing you can do is to leave USA for  good.  That means not only moving your  money but your physical selves OUT of the country.  Get another citizenship and then, if you really want to be free, renounce your USA citizenship or greencard.  That is really the only way to fredom.  

 

The ca-ca is going to hit the fan and that time is coming sooner than most think. Notice how many online USA news journals  like Bloomberg have quietly eliminated their readers comments sections.  No doubt too many people were communicating the truth there and so that was the end of that. I knew that was coming as well.  And if Zero Hedge is based in USA I suggest you get yourselves offshore as well.  

buzzsaw99's picture

when the shtf those maggots will realize that they don't own anything. mad max bitchez.

A Lunatic's picture

Underground bunkers are not too hard to find, and then they become tombs........

bluskyes's picture

How hard is it to cut open a vent, and dump in a few surplus cans of Zyklon B?

Wile-E-Coyote's picture

How hard is it to cut open a vent, and dump in a few burning tyres.

nmewn's picture

Pretty much what I was thinking.

The last thing the elite (and government officials by the way) want, is to hide for the rest of their lives in underground bunkers. They desire order (or the appearance of order) which comes from law, just as they always have.

Without it, they have nothing.

So if they flee it will be to a place they ultimately control...above ground...lol.

andrewp111's picture

Elites only want a hidey hole to stay in temporarily, until the storm blows over. These places are NEVER intended to be permanent residences.

nmewn's picture

Its not going to blow over.

serotonindumptruck's picture

What?!?

You mean to tell me all of those "Continuity of Government" plans were an exercise in futility?

/sarc

bunnyswanson's picture

Capture media outlets - Check

Cut off supply route - Check

Stockholm syndrome - Check

Disarm - Pending

El Vaquero's picture

Come on nmewn, it is going to blow over, and when it does, I'll be free to round up my herd of unicorns and milk them for rainbows to take to market.  I'll be rich!

nmewn's picture

Thats right I forgot, one rainbow is valued at ten trillion.

We're saved!!! ;-)

dexter_morgan's picture

Ahhhh, brings back memories of the finals scenes of that classic movie 'The Dirty Dozen'.

I love the smell of burning Nazi's any time of the day...................

oddjob's picture

Living in a silo that in all likelihood used to be a target of nuclear weapons, brilliant.

NoDecaf's picture

75 sitting ducks in the middle of nowhere. I think everyone knows about that silo condo by now, it's all over the internet and TV. Any large roving group of marauders could easily lay siege and force them out.

Yen Cross's picture

What was that movie in the early 70's about hairy creatures crawling out of BB-Q pits on the beach?

didthatreallyhappen's picture

The Hillary Clinton from 20,000 Fathoms

Yes_Questions's picture

 

 

RUN!

 

YOU FUCKERS!

 

and take your lackeys in CONgress with you

 

If your fear social unrest due to inequality is a threat to your safety, you probably have something to atone for.  

 

 

Greenskeeper_Carl's picture

"If you fear civil unrest due to inequality you probably have something to atone for"

Sorry, but that is bullshit. I fear civil unrest, and people who lash out due to 'inequality', and I don't have shit to atone for. I am one of the dwindling middle class, live in a modest sized house, and drive a 9 year old tahoe, and own nothing ostentatious. But if those rampaging pavement apes come out into my area(or yours) once their EBT cards stop working(or any of the others posibilities that could cause large scale riots) ALL of us are going to look like nothing more than targets that may have something worth stealing. I am white, and that is all thats going to matter. I really think this is just another BS snyder article to get yall all spun up. Very wealthy people, rather they got their wealth in nefarious ways or not, are going to have back up plans like this. This is nothing new. I sure as hell would. Its pretty obvious to anyone paying any small amount of attention that 'polite society'(what is left of it) is barely hanging on by a thread.

falconflight's picture

If it ever truly came to a wholesale collapse, any ebters will wind up on stakes at the entrance to our country lane.

e_goldstein's picture

It's always easier to kill game that is trapped in its den.

Always.

Wile-E-Coyote's picture

Yeah great they can take a direct hit from a nuke, but they need an air vent somwhere in and out, it wouldn't be difficult to flush them out.

Number 156's picture

"A much more aggressive tax on inheritance"??

What a jackass. So the answer is to take more and more wealth from whomever they can so they can fix things.
Well sorry. Everyone has seen how efficient government is in spending tax dollars.

People will continue to see Obama flying aboard Air Force 1 and a fleet or other support aircraft to carry his limousines and security teams so  he can play another round of golf.

The world will continue to watch as the banks get bailed out of every bad investment they make.

It seems they want to hasten the pace in which they will need to bug out.

Condition 1SQ's picture

Notice how focused he is on ways to get more money into the public coffers?  President of the Institute for New Economic Thinking indeed.  What a moron.  Government will save us.  All hail the government.

freak of nature's picture

He also clearly stated, prior to suggesting an inheritance tax, how the super rich already know how to protect themselves from taxes. So I guess it's clear who won't be affected by this wealth confiscation.

SuccorMoney's picture

Once again, the question is raised that's been bugging me for a long time:  Why do the Elites seem to have so much less confidence in the legitimacy of their priveleged positions than regular folks do?  I mean, if you talk to middle-class and even poor people in America, you really don't hear much interest in marching the rich and powerful up the guillotine and lopping their heads, or for that matter, in confiscating all their wealth.  Sure, you'd hear plenty of support for raising tax rates, but that is _really_ not the same thing.

What the Masters don't seem to understand is that expressing concern about inequalities of wealth and income is NOT the same thing as advocating for equality of wealth and income.  People just want the fair opportunity to get ahead, and they DO want to get ahead, which is to say, they are, for the most part, completely comfortable with the idea that those who work harder should get more than those who slack.  Perhaps, it seems, more comfortable with it, than those who have gotten really far ahead, and who seem to know, deep down, that it wasn't by working hard in a fair system.

andrewp111's picture

Maybe they know how fragile the financial system really is, like a sandpile that is piled way way too high.

robertocarlos's picture

The rich are like all the 9/11 Jews. How is it that they were all at meetings elsewhere or late for work. All of them except one token Jew. Poor bastard. It's fucking NY. Half the people are Jewish.

will ling's picture

there isn't anyone mad max can't get to.