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Related: About this forumPanicked super rich buying boltholes with private airstrips to escape if poor rise up
Hedge fund managers are buying up remote ranches and land in places like New Zealand to flee to in event of wide-spread civil unrest
Super rich hedge fund managers are buying 'secret boltholes' where they can hideout in the event of civil uprising against growing inequality, it has been claimed.
Nervous financiers from across the globe have begun purchasing landing strips, homes and land in areas such as New Zealand so they can flee should people rise up.
With growing inequality and riots such as those in London in 2011 and in Ferguson and other parts of the USA last year, many financial leaders fear they could become targets for public fury.
Robert Johnson, president of the Institute of New Economic Thinking, told people at the World Economic Forum in Davos that many hedge fund managers were already planning their escapes.
http://www.mirror.co.uk/news/world-news/panicked-super-rich-buying-boltholes-5044084
Dont call me Shirley
(10,998 posts)Simeon Salus
(1,143 posts)Now I've heard everything. Ayn Rand would be proud.
DebbieCDC
(2,543 posts)See how the 1% prep for doomsday! See their elegant hideaways. See where their staff lives in shacks outside of the electric perimeter fencing! See how many cases of Crystal and tins of Beluga Caviar they have stocked in their temperature controlled wine vaults.
Tuesdays nights at 10:00, following 18 million duggars and counting
I'm only half joking.
appalachiablue
(41,140 posts)Shameful, globalist transnational _______.
ananda
(28,864 posts)Is that any way to live?
There are so many other good and rational
ways to think about people.
localroger
(3,626 posts)So Scrooge McDuck sees the writing on the wall and takes some suitcases of cash to New Zealand. After the unrest he's successfully evaded, what happens next?
The banking system that said he was a billionaire is gone. The cash in his suitcases is probably worthless. If he has brought employees with him to protect him from us, how does he pay them? What makes him the boss of his own enclave once the rest of the world won't back him up?
R. Daneel Olivaw
(12,606 posts)freshwest
(53,661 posts)Set up their own little enclaves. This is no surprise, it's the same reason that castles were built, with retainers to go out and pillage the countryside if they needed anything.
There have been a few Libertarian enclaves that were attempted to be set up within the confines of the USA itself. Beck tried to set one up, the Kochs have something simliar with tanks, no less and Jeffs' compound was based on the same model, just as Koresh's was.
We already have gated communities and regions. This has been going on for some time and people seem to think it's quaint or else none of their business. We've gone a long ways from respecting public spaces.
NZ was called the crown jewel of the British Empire, not exactly a democracy in the beginning. It's ultimately better than Saudi Arabia and others we think of as extreme, but the rich bunker type mentality has been in existence much longer than the USA has. It also shaped society during the years of the plague in Europe as the rich moved closer to nature and left the masses.
Just sayin'
BlancheSplanchnik
(20,219 posts)Interesting info. Hadn't really thought of it before, but now that you put it together, it's quite clear.
appalachiablue
(41,140 posts)a barter economy if necessary. Modern gated communities & longtime ability to move to safer regions during plague & civil unrest are examples of protective measures taken. Kingdoms & castles in Europe & Asia, elsewhere had walls & defenders to keep out attackers for the landowners and landed peasants loyal to the fiefdom. Return to the past, or nothing really changes.
I just commented to a poster's question here about the selection of New Zealand with information from Australian anti-nuclear advocate Dr. Helen Caldicott. I believe New Zealand is also known for it's cattle grazing & agricultural land quality, not sure.
There's a thread here from last weekend about remarks at Davos made by billionaire Jeffrey Greene of FL & CA who made a fortune short selling subprime mortgages in 2007 before the crash. He owns 5 mansions, one with 23 bathrooms. He commented that Americans need to adjust their living standards. Great post & many interesting comments, probably is still around.
freshwest
(53,661 posts)JDPriestly
(57,936 posts)she took old clothes that were worthless, things she had saved in a trunk in her attic, mended them, fitted them to people and sold them for the things she needed. Things that we consider to be worthless when times are good can become very valuable when times are really bad. Similarly, things that have great value during prosperous periods will be traded for food and necessities in times of great need.
What is a bar of gold if you have not eaten for a couple of days, just drunk water and maybe had a piece of bread. You will quickly hand over your gold for eggs and milk.
Best thing is to know how to do things and to be able to work with very little.
The OP is so true. When the rich leave large fortunes to their children, in many cases, they actually harm their children.
And then, when all is said and done, we are so interconnected. We depend on each other in the end.
ThoughtCriminal
(14,047 posts)WhoIsNumberNone
(7,875 posts)Only my example was when the Magratheans became so rich they collapsed the galactic economy, so they put themselves into suspended animation to wait out the depression.
appalachiablue
(41,140 posts)growing wealth inequality and social unrest, and that wealth needs to be shared, but will it is the issue for govts., that's clear.
Fred Sanders
(23,946 posts)whathehell
(29,067 posts)El Shaman
(583 posts)'prototype' stage of my 'Wealthseeker' drone, AKA @You Can Bolthole But You Can't Hide.
rhett o rick
(55,981 posts)we have anonymous. Unless they are going to take all their wealth with them it will be vulnerable via hacking. The Capitalism end game will be crazy. What good is owning a network if no one will be able to afford tv's. After they steal all our money, then what do they do? Steal from each other. LOL.
For the record, I do not believe in violent revolution but I think it would be hilarious if someone started building guillotines.
Dont forget we have drones.
marmar
(77,081 posts)appalachiablue
(41,140 posts)Wonder what *region the elites are departing? In the west or elsewhere, the place(s) where 'something' might happen.
appalachiablue
(41,140 posts)it occurs to me that the state of the world economy could be the most significant driving factor in the flight to safety in New Zealand by some, especially hedge fund managers who are in the know. Real banking reforms weren't implemented in the US after 2008, austerity is negatively impacting Europe's economic stability, Greece just elected a left govt. Also the assets market is very inflated, derivatives are still going & the entire global system is structurally unsound with obvious cracks!
Progressive talker Thom Hartmann thinks the economy will crash again b/c of these factors & others which he outlays in his recent book, 'The Crash of 2016'. On the FSTV Channel (Free Speech TV) I just saw a film called, "End of the Road" about the shaky global fiat currency system since 1971 that is unsound & how its cracks are clearly visible. One of the commenters was Peter Schiff who I don't usually follow & he even seemed sensible & concerned. It was a more conservative piece than others like the documentary, 'Four Horsemen of the Apocalypse' (2012) featuring perspectives from many prominent international financial experts & leaders on the dangers of the modern consumerist, global financial system.
TNNurse
(6,926 posts)I hate for it to be ruined by such an awful group of people.
It would however leave the rest of the planet for normal people to try to function.
YOHABLO
(7,358 posts)raging moderate
(4,305 posts)This sounds creepy. There was that book which suggested that the fallout from an atomic war would not reach New Zealand right away. Wouldn't that be true for other environmental poisons? It would be just like them to take over all the lifeboats in an emergency. Are you sure they don't know something else about the future?
R. Daneel Olivaw
(12,606 posts)appalachiablue
(41,140 posts)safest places. I hadn't seen your comment when I just replied in #45 about anti-nuclear Australian advocate Dr. Helen Caldicott who I saw say in a Fukushima discussion that she would head to Australia, the southern parts for shelter from nuclear mayhem.
On this subject, there was an interesting thread going last weekend, probably still here about remarks made by US billionaire Jeffrey Greene of FL & CA. He made a fortune in 2007 before the crash in short selling subprime mortgages and owns 5 mansions, one with 23 bathrooms. He just said at Davos that Americans should adjust their lifestyle. Great post & many comments.
NBachers
(17,116 posts)ErikJ
(6,335 posts)But that would ruin their monopoly game.
d_b
(7,463 posts)MrScorpio
(73,631 posts)Just stop being so fucking greedy.
cstanleytech
(26,293 posts)MrScorpio
(73,631 posts)And still the oligarchs fail to understand.
BrotherIvan
(9,126 posts)But honestly, I don't think they can. They are truly addicted to making/keeping/hoarding their money. It is a sickness.
Enthusiast
(50,983 posts)They_Live
(3,233 posts)hee
bvf
(6,604 posts)appalachiablue
(41,140 posts)I hope these guys have Colonel Kurtz complexes. They'll be eaten alive.
Johnyawl
(3,205 posts)In the event of a cataclysmic economic collapse, what makes them think the average citizen in NZ would put up with them? New Zealand has a history of socialism.
appalachiablue
(41,140 posts)an advocate against nuclear power and weapons. She lead a successful effort to make New Zealand a nuclear-free zone. After Japan's Fukushima nuclear plant accident a few years ago I saw her discussing the contamination and spread of waste that wasn't being recognized or reported. I definitely remember her saying that in the event of a serious nuclear incident she would head to Australia, the southern hemisphere. There might be something to do with the ocean and air currents that's safer in the south, not sure but people on this board would know.
appalachiablue
(41,140 posts)head for Australia, the southern hemisphere to avoid nuclear fallout during a discussion of the Fukushima power plant accident a couple years ago in Japan. Dr. C. also helped lead a movement to make NZ a nuclear-free zone. The country is also known for it's cattle grazing and agricultural quality land as a DUer confirmed to me in a post on this thread. So it's a desirable destination; the politics are definitely known I'm sure.
The elites have the resources, best intel and seek out the safest place, with lots of planning, not to worry. They're years ahead of us. Well equipped underground 'bunkers' are in the US for the super rich, maybe as a way station until they can get to their place in NZ or S.A.- like in Paraguay where the Bush family owns 100,000 acres with an aquifer that's well guarded.
niyad
(113,323 posts)the situation they created. poooor widdle tykes.
jwirr
(39,215 posts)no bolt hole available.
mackerel
(4,412 posts)snot
(10,529 posts)has any real access or info. I mean, I like his slant, and I'd like to believe him, but.
JDPriestly
(57,936 posts)Ms Lagarde said excessive inequality was not conducive to sustainable growth.
And she said there had been a massive increase in wealth since the financial crisis.
"If you increase the income share of the poorest, you get a multiplying effect that you do not get if you increase the income share of the richest,'' Ms Lagarde said.
Ms Lagarde said excessive inequality was not conducive to sustainable growth.
http://www.independent.ie/business/davos-world-economic-forum/davos-2015-inequality-hampers-growth-imfs-christine-lagarde-30930866.html
appalachiablue
(41,140 posts)from doing anything about it? Greed and indifference maybe. Thomas Piketty's classic book of 2014, "Capital in the 21st Century" laid it all out and was widely studied. What more is there to know? Time for action. Lagarde emphasizes that excessive inequality isn't good for sustainable growth. Obviously, and not good for humans either! She must be referring to growth for national economies, the not 1% and .01% individuals who don't need any more growth since they already have 10 generations of wealth, 200 years or more of people never having to work a day in their lives like the aristocracies of old.
How attached or loyal are these people to nations and places actually? They're all global now, the 1%ers and the 80 richest people who own half of the world's wealth of 3.5 billion people.
In Dec. 2009 or Jan. 2010 I read a stunning article in 'The Atlantic' magazine by Canadian writer Chrystia Freeland about 'The Rise of the Global Elites', related to her book. One executive of a well known US auto insurance co. remarked that he wasn't worried about labor, he can get that anywhere. General Electric's uber exec. Jack Welsh said in the later '90s that 'he would take a barge and move it around the world' to follow cheaper costs and labor I assume.
So rather than attempt to remedy the problems created, some of these folks like the hedge fund managers mentioned are going to dodge, set up kingdoms in New Zealand? That's abandonment, desertion. Humans do that on occasion unfortunately...
JDPriestly
(57,936 posts)people. Meanwhile the population problem grows. A friend of mine, a scientist told me the other day that he took the entire surface of the earth and divided it by the population and that each of us has four (4) acres and that is all. Four acres including the oceans (and I understood that he included the oceans in his calculation of the surface of the earth) is not much. After the Civil War, the unkept promise to the freed slaves was 40 acres and a mule. Impossible to promise that to humankind because of our overpopulation of the earth. It's sad. And the 1%ers are making it even worse.
jtuck004
(15,882 posts)everyone for a 1/4 mile around your home was happy and healthy - employed, some useful skills - pay for training if you must. You have to sleep sometime.
Those hidey holes are over-rated.
Scuba
(53,475 posts)There, fixed it for you.
Buenaventura
(364 posts)with a revolver or a knife, and lay in wait on the steps of the palaces of the rich and stab or shoot the owners as they come out. Let us kill them without mercy, and let it be a war of extermination. -- Lucy Parsons
ck4829
(35,077 posts)Which would nullify any want of civil uprising... Then they're not being safe, they ARE the ones responsible for the mayhem they are running away from.
Enthusiast
(50,983 posts)We want our children educated.
We want a progressive tax structure instead of the present day fucking joke.
This is not too much to ask.
It would only amount to some small changes to the tax structure and the elimination of some loopholes.
The rich could remain ridiculously rich.
They should take a page out of FDR's book.
HoosierCowboy
(561 posts)...it's all over for the 1%.
They'll be what's for dinner.
Voice for Peace
(13,141 posts)2naSalit
(86,636 posts)I wonder what their aircraft mechanics think of their intentions. And what about their other sevrants who will, no doubt, have friends and relatives who are harmed by these fuckwads. I wonder how those folks will maintain their loyalty to their masters when the SHTF?
If their money is no good after a point, will their servants really be all that loyal?
bvar22
(39,909 posts)We can live without them.
They can NOT live without us.
One of us fixes the engines on those airplanes.
When money is worthless and millions are suffering... you can only buy so much loyalty and fealty. Those who are still human with compassion, I doubt they will be able to survive long without the servants, and when those servants loose enough they will turn on them.
I was hoping that would happen with the military when we were at the beginning of waging those illegal wars of choice fifteen years ago.
Remember that question from many years ago...
What if they had a war and nobody came?