Silicon Valley

Rich Americans Keep On Prepping

Regular readers of Survival And Prosperity know that I’ve been observing and blogging about “prepping” for several years now. Case in point, this 2011 post recapping a new TV show called Doomsday Preppers (ever heard of it?).

Early on I noticed wealthy Americans were getting into preparedness. They recognized and took steps to deal with potential TEOTWAWKI scenarios- just like their lower-net worth compatriots.

And such activity continues to this day, spurred on not just by concerns over major emergencies and man-made/natural disasters, but fears of a financial crash, civil unrest/war, and impoversihed and angry masses turning against the rich.

Earlier this evening I finally got the chance to read an article from the January 30, 2017 issue of The New Yorker entitled “Doomsday Prep For The Super-Rich.” Evan Osnos penned:

Survivalism, the practice of preparing for a crackup of civilization, tends to evoke a certain picture: the woodsman in the tinfoil hat, the hysteric with the hoard of beans, the religious doomsayer. But in recent years survivalism has expanded to more affluent quarters, taking root in Silicon Valley and New York City, among technology executives, hedge-fund managers, and others in their economic cohort…

The lengthy-yet-interesting piece took a closer look at the prepping mindset and priorities of the wealthy these days. One notable passage was:

I asked [prominent investor and co-founder of LinkedIn Reid] Hoffman to estimate what share of fellow Silicon Valley billionaires have acquired some level of “apocalypse insurance,” in the form of a hideaway in the U.S. or abroad. “I would guess fifty-plus per cent,” he said…

There was also this from Osnos:

In building Reddit, a community of thousands of discussion threads, into one of the most frequently visited sites in the world, [co-founder and CEO Steve] Huffman has grown aware of the way that technology alters our relations with one another, for better and for worse. He has witnessed how social media can magnify public fear. “It’s easier for people to panic when they’re together,” he said, pointing out that “the Internet has made it easier for people to be together,” yet it also alerts people to emerging risks. Long before the financial crisis became front-page news, early signs appeared in user comments on Reddit. “People were starting to whisper about mortgages. They were worried about student debt. They were worried about debt in general. There was a lot of, ‘This is too good to be true. This doesn’t smell right.’” He added, “There’s probably some false positives in there as well, but, in general, I think we’re a pretty good gauge of public sentiment. When we’re talking about a faith-based collapse, you’re going to start to see the chips in the foundation on social media first.”

(Editor’s note: Bold added for emphasis)

I’ve noticed a growing amount of anger directed against President Trump and the Republicans on my Facebook “home page” these days.

“Early signs” of significant civil unrest coming?

If you’ve got some time to spare, head on over to The New Yorker website and check out the Osnos piece here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Share

Tags: , , , , , , , , , , , , , , , , , , ,

Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

PLEASE RATE this blog HERE,
and PLEASE VOTE for the blog below:



Thank you very, very much!
Advertising Disclosure here.
ANY CHARACTER HERE
Emergency Foods Review coming soon.
ANY CHARACTER HERE
Legacy Food Storage Review coming soon
ANY CHARACTER HERE
MyPatriotSupply.com reviewed HERE
ANY CHARACTER HERE
Buy Gold And Silver Coins BGASC reviewed HERE
ANY CHARACTER HERE
BulletSafe reviewed HERE
ANY CHARACTER HERE
BullionVault BullionVault.com reviewed HERE
This project dedicated to St. Jude
Patron Saint of Desperate Situations

Categories

 

Archives