OK. Great. You've stockpiled for the end of the world, you quack. The chances of the world ending are smaller than ... holy crap, what the hell is a supervolcano? See why we're all doomed in 5 Ways The World Could End That You'd Never See Coming. And if that's not enough to get you to build your own bunker, check out 6 Tiny Mistakes That Almost Ended The World. Really, the planet almost ended due to a blown fuse? Come on humanity, let's get it together.
Most preppers don’t actually have bunkers; hardened shelters are expensive and complicated to build. The original silo of Hall’s complex was built by the Army Corps of Engineers to withstand a nuclear strike. The interior can support a total of seventy-five people. It has enough food and fuel for five years off the grid; by raising tilapia in fish tanks, and hydroponic vegetables under grow lamps, with renewable power, it could function indefinitely, Hall said. In a crisis, his SWAT-team-style trucks (“the Pit-Bull VX, armored up to fifty-calibre”) will pick up any owner within four hundred miles. Residents with private planes can land in Salina, about thirty miles away. In his view, the Army Corps did the hardest work by choosing the location. “They looked at height above sea level, the seismology of an area, how close it is to large population centers,” he said.
In the early 20th century, the world kept witnessing just that; a series of bank runs and economic contractions forced the governments around the globe to act. At that stage, outlawing fractional-reserve banking was no longer politically or economically tenable; a simpler alternative was to let go of gold and move to fiat money - a currency implemented as an abstract social construct representing indebtedness, with no predefined connection to the physical realm. A new breed of economists saw the role of the government not in trying to peg the value of money to an inflexible commodity, but in manipulating its supply to smooth out economic hiccups or to stimulate growth. Depending on who you ask today, contemporary monetary policies - especially in the era of bank bailouts and debt-fueled GDP boosting - are either a brilliant way to stabilize free markets and promote wealth, or a reckless charade that papers over systemic problems and sets us up for serious trouble in the coming years.
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In most jurisdictions, to draft a will, you don't need a lawyer; the only skill that comes handy is the ability to express yourself clearly and unambiguously. There are countless state- and country-specific templates available online; in many cases, to carry legal weight, the will just needs to be co-signed by disinterested parties acting as witnesses - or cheaply notarized.
“If you’re using it for emergency survival, the fact is you’re going to buy it once, and hopefully you’re not going to use it,” Shields said. “But it’s there as a safety net for you and your family.” That’s what intrigued me about freeze-dried food: You can wait up to a quarter-century to use it, but in an ideal world, you wouldn’t have to eat it at all.
He ushered me through, and, in the darkness, I could see the outline of a vast concrete dome, with a metal blast door partly ajar. I was greeted by Larry Hall, the C.E.O. of the Survival Condo Project, a fifteen-story luxury apartment complex built in an underground Atlas missile silo. The facility housed a nuclear warhead from 1961 to 1965, when it was decommissioned. At a site conceived for the Soviet nuclear threat, Hall has erected a defense against the fears of a new era. “It’s true relaxation for the ultra-wealthy,” he said. “They can come out here, they know there are armed guards outside. The kids can run around.”
There are many other ways to get returns on your capital, but most are associated with limited liquidity or significant outlay costs. One well-known exception are publicly traded companies. Businesses usually go public because they want to expand their operations - say, build a new factory or hire more workers. Instead of getting an expensive loan, they put themselves up for sale, allowing people to purchase and trade fractional ownership in the company. The investors' willingness to pay for this privilege depends on two factors: the intrinsic value of the enterprise (its assets, debts, operating profits) and the "hype premium" - the faith in the company's long-term prospects and the health of the entire industry. For some companies, the intrinsic value is modest, and the premium is huge; their shares are usually subject to violent price swings on even seemingly minor macroeconomic news. For other, less exciting businesses, the situation may be the opposite.