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My understanding is that several of them (including Peter Thiel) have bought property in New Zealand as a hedge against climate change, wildfires, and societal
by smt88 5y ago
My understanding is that several of them (including Peter Thiel) have bought property in New Zealand as a hedge against climate change, wildfires, and societal collapse in other countries.
- onetimemanytime 5y agoTrue, but then they have Plans through Z as it costs them next to nothing to be prepared for all scenarios. Money is worth nothing if you die.
- chriselles 5y agoYes. We have a small holiday place in Lake Wanaka right down the road from Peter Thiel’s block of bare land and his substantial but not ludicrous holiday home. I suspect a fair few who planned on NZ as their international bolt hole are now a bit confused. They likely planned on a terrible catastrophe with enough warning to get here. Instead they received a minor catastrophe with air travel lock downs where even a private G650 is not permitted entry. I’m of the opinion that all this doomsday prepping by the wealthy is simply an unconventional insurance policy for extreme/unlikely events. Basic and moderate preparations for reasonable likelihood events makes great sense. Extreme preparations don’t make financial sense, but I suspect are done for the same reasons some people of lesser means seem to dangerously over invest in disaster preparation, it’s the perception of control and order amidst a macro environment they feel they cannot influence, control, or predict.