(End of the American Dream)—If you want to determine what people believe, don’t listen to what they say. Rather, closely watch what they actually do. In recent days, the stock market has been hovering near all-time record highs and business leaders have been assuring us that good days are ahead. But meanwhile many of our most famous billionaires have been doing things that indicate that they are extremely concerned about what is coming in the future. For example, during the first two months of this year Jeff Bezos, Jamie Dimon and Mark Zuckerberg “have all sold big chunks of shares in their own companies”…
Amazon’s Jeff Bezos, JPMorgan’s Jamie Dimon, and Meta’s Mark Zuckerberg have all sold big chunks of shares in their own companies. How come?
Bezos is way out in front after offloading 50 million shares of Amazon in just nine trading days this month, pocketing an estimated $8.5 billion.
Zuckerberg cashed in almost 1.8 million shares of his social-media empire for more than $400 million in the last two months of 2023.
JPMorgan’s Dimon joined the club this month, jettisoning about 822,000 shares of the bank he leads for about $150 million.
If these men believe that the U.S. economy is going to thrive and their companies will continue to grow, it would make sense to just sit back and let their portfolios increase in value.
But instead they have all determined that this is a perfect time to sell.
And I can definitely understand that. Over the past year, the stocks of all three companies have soared to unprecedented heights…
Meta stock has soared by 186% over the past year, JPMorgan is up nearly 30%, and Amazon has surged close to 90%. All three companies are trading close to record highs.
These men didn’t become filthy rich by being stupid, and selling at the peak of the bubble certainly wouldn’t be stupid.
But is that the only reason why these billionaires are feverishly liquidating shares?
In recent weeks, much has been made of the fact that Zuckerberg and his wife are constructing an absolutely massive survivalist compound in Hawaii. The following comes from Time Magazine…
Meta CEO Mark Zuckerberg and his wife Priscilla Chan, co-founder and co-CEO of the Chan Zuckerberg Initiative, plan to build a 5,000-square-foot underground shelter on their Hawaii ranch with its own energy and food supplies, according to a Wired investigation published earlier this month.
The plan is that the shelter’s door will be made of metal and filled in with concrete—common in bunkers and bomb shelters, the news outlet reported in its extensive article citing planning documents and interviews.
So why is Zuckerberg going to such effort?
Does he know something that the rest of us do not?
Yes, it is true that Zuckerberg has always been more than a little bit eccentric.
But many other ultra-wealthy individuals are also preparing for doom. In fact, Sam Altman and Peter Thiel both seem to be extremely alarmed about the times that are approaching…
To keep himself safe, Altman keeps a stash of the usual Doomsday prepper fare including antibiotics and water as well as some more unusual goods. He told the founders of the startup Shypmate, per the New Yorker: “I try not to think about it too much. But I have guns, gold, potassium iodide, antibiotics, batteries, water, gas masks from the Israeli Defence Force, and a big patch of land in Big Sur I can fly to.”
He also said he and PayPal co-founder Peter Thiel have an “arrangement” to flee to one of Thiel’s luxury properties in New Zealand in the event the End of the World comes about.
Why would Sam Altman need guns and gas masks?
And why would he need potassium iodide?
Exactly what does he expect to happen?
Other billionaires are going to even greater extremes.
Al Corbi, the founder and president of Strategically Armored & Fortified Environments, says that he is currently working on an “island fortress” for one client that will have a very deep moat around it filled with highly flammable liquid…
Corbi — who worked on the palatial 27-floor, $4.8 billion Mumbai residence of business mogul Mukesh Ambani of Reliance Industries — reveals to THR that his most spectacular project, due to be completed in 2025, is an island fortress created on a 200-acre property in the U.S., with cutting-edge tactical systems.
“The shelter can withstand a blast one mile from ground zero,” says Corbi. “But that was almost incidental. The client [a business mogul] was saying, ‘I want to make sure that no one can get to my family,’ so we wound up literally building a 30-foot-deep lake [around the compound] skimmed with a lighter-than-water flammable liquid that can transform into a ring of fire. The only access to the island is a swing bridge.”
I have to admit, that sounds pretty cool.
I just hope that they have figured out how to keep the fire from escaping the moat.
The property will also have “water cannons that can take down parachuters”…
Also at Corbi’s project, “there are water cannons that can take down parachuters, Apache helicopters, whatever’s coming your way 500 feet in the air,” he says. “Then we took all the dirt removed for the lake to literally build a mountain as natural fortification around the property. And we cut a tunnel through with flame-throwers, gassing systems, a steel wall that closes midway that could stop a 16-wheeler going 80 miles an hour, and bollards at both ends.”
Okay, so I have a question.
Why go to so much trouble?
If life is going to continue more or less like it has for the past few decades, why waste so much money?
Coffee the Christian way: Promised Grounds
Obviously the client that is paying for this island fortress is envisioning that the world is going to go mad.
And I agree with that assessment.
In fact, I believe that the most chaotic chapters in all of human history are ahead of us.
The billionaires that I have discussed in this article would not see eye to eye with me on all of the specifics, but they are certainly preparing for apocalyptic times too.
What about you?
Have you been getting prepared for what is coming?
I hope so, because the clock is ticking…
Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
