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Billionaires are ‘prepping’ to survive in underground bunkers

Posted by Dirk Watters on

In 1961 John F. Kennedy encouraged “every citizen” to help build fallout shelters, saying, in a televised address, “I know you would not want to do less.”

Richard G. Mitchell, Jr., a professor emeritus at Oregon State University, who spent twelve years studying survivalism, said, “During the Reagan era, we heard, for the first time in my life, and I’m seventy-four years old, from the highest authorities in the land that government has failed you."

The elite have an unusual obsession with preparing to survive for end times; its adherents are commonly called “preppers.”

"Some of the wealthiest people in America—in Silicon Valley, New York, and beyond—are getting ready for the crackup of civilization."

Leaders of industry from Silicon Valley to Wall Street are joining the survivalism movement, The New Yorker's Evan Osnos writes.

President Trump-loving Peter Thiel and billionaires like Linkedin founder Reid Hoffman — are all preppers.

Reid Hoffman, the cofounder of LinkedIn and a notable venture capitalist, told the New Yorker he estimates more than 50% of Silicon Valley billionaires have bought some level of "apocalypse insurance," like an underground bunker.

The ultra wealthy are not merely diversifying their portfolios, according to Hoffman half have "apocalypse insurance."

The future according to the billionaire elites  see social order tumble into chaos as a result of extreme inequity.

Business Insider writes "Silicon Valley billionaires are preparing for the apocalypse with motorcycles, guns, and private hideaways..."

Ultra wealthy CEO Steve Huffman of a company worth $600,000,000  lives in San Francisco and he bought a couple of motorcycles, guns, and ammo, so that he can "hole up in my house for some amount of time" in case of a disaster. In 2015, he had laser eye surgery because he thought it would improve his odds of surviving.

This CEO says he fears “the temporary collapse of our government and structures,” as he puts it.

The CEO of another large tech company cited Russian cyberattacks as evidence of risk that the US might fall into disorder.

A former Facebook product manager named Antonio  Martínez shelled out for five wooded acres on an island in the Pacific Northwest where he can ride out Armageddon in peace. His island home features generators, solar panels, and weaponry.

He says, “No, you’re going to need to form a local militia. You just need so many things to actually ride out the apocalypse.”

Once he started telling peers they came “out of the woodwork” to describe their own preparations, he said. “I think people who are particularly attuned to the levers by which society actually works understand that we are skating on really thin cultural ice right now.”

The New Yorker's Osnos goes on to write  that private Facebook groups serve as forums where wealthy survivalists trade tips on the best equipment to buy and locations to hide out in.

Hoffman, the billionaire LinkedIn cofounder, recalled a time when he thought of visiting New Zealand, and a friend asked him if he planned to buy apocalypse insurance.

Survivalism, the practice of preparing for a crackup of civilization, tends to evoke the religious doomsayer. But in recent years survivalism has expanded to more affluent quarters like CEO's and famous billionaires.

What's more, these ultra wealthy survivalists are buying gold coins.

One member, the head of an investment firm, said, “I keep a helicopter gassed up all the time, and I have an underground bunker with an air-filtration system.” He added, “A lot of my friends do the guns and the motorcycles and the gold coins. That’s not too rare anymore.”

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