Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on Swiss Watches. (See the Economy & Finance section.)
The helicopter eased down onto a lawn beside a putting green. The new luxury community will have three thousand acres of dunes and forestland, and seven miles of coastline, for just a hundred and twenty-five homes. As we toured the site in a Land Rover, he emphasized the seclusion: “From the outside, you won’t see anything. That’s better for the public and better for us, for privacy.”
Charles started prepping nearly four years ago after reading Newt Gingrich's introduction to the science fiction novel "One Second After." In the introduction, Gingrich wrote about the possibility of a catastrophic electromagnetic pulse attack. Such an attack, he said, would "throw all of our lives back to an existence equal to that of the Middle Ages ... Millions would die in the first week alone." To hear a public figure like Newt Gingrich seriously lay out what he thought was a plausible scenario convinced Charles that he needed to prepare.
That doesn’t mean that some companies aren’t marketing freeze-dried food as an innovation. After eating the Wise Company meals for three days, I switched to Thrive Life’s Simple Plate program, a Blue Apron–esque service that teaches you how to cook from the company’s store of freeze-dried ingredients, which customers can also get mailed to them in recurring shipments. Unlike Wise Company, Thrive Life’s website makes no mention of emergency preparedness, instead emphasizing the sorts of qualities, like saving money and avoiding waste, that might have appealed to Lydia Maria Child in her time: “These foods won’t spoil in a few days... You won’t be thawing, degreasing, or cutting raw meat. You won’t be chopping veggies or washing and peeling fruit.” I reached out to Thrive Life’s founders to hear more about their rationale for marketing freeze-dried food for everyday use, but didn’t hear back.
I called a Silicon Valley sage, Stewart Brand, the author and entrepreneur whom Steve Jobs credited as an inspiration. In the sixties and seventies, Brand’s “Whole Earth Catalog” attracted a cult following, with its mixture of hippie and techie advice. (The motto: “We are as gods and might as well get good at it.”) Brand told me that he explored survivalism in the seventies, but not for long. “Generally, I find the idea that ‘Oh, my God, the world’s all going to fall apart’ strange,” he said.
You can tour this slice of underground history today. After the Southwicks visited the bunker recently, they said they felt even more strongly about the need to prepare. Their family reflects a new preparedness instinct that has been growing since the 9/11 terrorist attacks. After that shock, the government urged people to store food, buy duct tape and roll water barrels into their basements.
When he gets up to show me about his cabin, Pense stands with the height and permanence of the dignified trees that encircle the property. He doesn’t say “um,” or “well”—the slow, deliberate syllables that emanate from his jowls feel like historical record, perhaps with a sprinkle of Americana, but not quite jingoism. Listening to him talk about his life is like having R. Lee Ermey recite your high school American studies textbook, but gentler.
“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.
Robert A. Johnson sees his peers’ talk of fleeing as the symptom of a deeper crisis. At fifty-nine, Johnson has tousled silver hair and a soft-spoken, avuncular composure. He earned degrees in electrical engineering and economics at M.I.T., got a Ph.D. in economics at Princeton, and worked on Capitol Hill, before entering finance. He became a managing director at the hedge fund Soros Fund Management. In 2009, after the onset of the financial crisis, he was named head of a think tank, the Institute for New Economic Thinking.
There are two scenarios everyone—prepper or not—should count on: losing power and being stranded in your car. I’m a big believer in backup power. I keep an emergency power supply plugged into an outlet in my apartment; it has a trickle charger so I can forget about it until my block goes dark. In my car, I keep extra blankets, a LifeStraw portable water filter, lighters, and Millennium energy bars. It’s not the Four Seasons, but at least my family will be able to survive 48 hours in our Honda Pilot. One thing to consider: You need to be with your gear when a disaster strikes. When Sandy hit in 2012, our whole family was in Connecticut while all my gear was in Manhattan. My wife had a good laugh. These days, my everyday bag is a waterproof Showers Pass backpack where I stash a small set of screwdrivers, multitool, glass breaker, three flashlights that use the same type of batteries, and a spool of Kevlar thread, all sorted in plastic bags. There’s a spoon and fork in there, too, because if I have to eat an MRE for dinner, I might as well look civilized while I do it.—Wylie Dufresne, Michelin-starred Chef, Owner Of Du’s Donuts, Prepper