Élite anxiety cuts across political lines. Even financiers who supported Trump for President, hoping that he would cut taxes and regulations, have been unnerved at the ways his insurgent campaign seems to have hastened a collapse of respect for established institutions. Dugger said, “The media is under attack now. They wonder, Is the court system next? Do we go from ‘fake news’ to ‘fake evidence’? For people whose existence depends on enforceable contracts, this is life or death.”
An American hedge-fund manager in his forties—tall, tanned, athletic—recently bought two houses in New Zealand and acquired local residency. He agreed to tell me about his thinking, if I would not publish his name. Brought up on the East Coast, he said, over coffee, that he expects America to face at least a decade of political turmoil, including racial tension, polarization, and a rapidly aging population. “The country has turned into the New York area, the California area, and then everyone else is wildly different in the middle,” he said. He worries that the economy will suffer if Washington scrambles to fund Social Security and Medicare for people who need it. “Do you default on that obligation? Or do you print more money to give to them? What does that do to the value of the dollar? It’s not a next-year problem, but it’s not fifty years away, either.”
Pense tells me this sitting beside the fireplace that heats the furnace-less cabin, necessary in the damp 40-degree weather. He wears a Realtree camouflage jacket, circular wire-framed glasses, gray slacks and black leather shoes. A sign above the fireplace reads: “Invest in precious metals. Buy lead.” Carved in a split log on the mantel is, “A country boy can survive.” The guttered roof deposits 30,000 gallons of Ozarks rainwater into storage tanks outside each year. It’s a prepper’s paradise.