$3 million bunkers will ensure survival of the 1%
Nothing like riding out the apocalypse in a luxury underground shelter that features a pool and bar.
The rich aren't like you or me. Just take a look at how the 1% will ride out the apocalypse: in $3 million underground bunkers, complete with indoor swimming pools, hydroponic gardens and a bar. (For those with less money or smaller families, half-floors are available for only $1.5 million.)
It's a far cry from the traditional view of survivalists as oddballs stocking up on cans of beans. Luxury survival condos allow the wealthy to survive a global collapse without resorting to eating Hormel's (HRL) Spam or filtering water with their underwear.So far, developer Larry Hall has sold out of available bunkers in his first project, in an underground "nuclear-hardened" Atlas "F" missile base, built in the 1960s by the U.S. Army Corps of Engineers in an undisclosed location in Kansas.
He's now working on a second project to turn an old missile silo into additional luxury bunkers.
Aside from having a healthy dose of paranoia, buyers also need cash on hand.
"Bankers aren't lending on conventional homes, let alone nuclear-hardened condominiums," Hall told CNBC's Robert Frank. "Everyone has to have cash to buy one of these."
Buyers declined to be interviewed, for fear that friends and relatives might find out about the bunkers and want to join them in case of an emergency, Frank said.
Their popularity may boil down to an aftereffect of the financial meltdown and unrest from groups such as Occupy Wall Street. On top of that, there's always the perennial fear of a pandemic.
Of course, bunker owners will need to get to Kansas to ride out the apocalypse. But that's no problem for the 1%. As Frank says, "A lot of these guys have private planes."
Follow Aimee Picchi on Twitter at @aimeepicchi.
If the apocalypse comes and you are still on earth , you are in the wrong place anyway, so a bunker is useless.
So the mega- rich have to go live in Kansas?!?..........LOL!!
I'll take a nuke upside the head before living in Kansas!!!.........LOL!!!
The 1% er's are the reason we will have an economic apocalypse, Wall Street and Corporate greed! Since they have gained full control of government economic collapse is ensured. Hey, so the prepper's don't seem so crazy now, just taking their cue from the people that have the inside information.
When you have the Federal Reserve buying 1 trillion dollars of Treasury Bonds from Goldman Sachs, the firm that orchestrated the 08 crash you know the end is near...lol
Too many Americans are unaware of the extreme disparities that have been caused by the unregulated profit incentive of capitalism. Our winner-take-all system is flailing away at once-healthy parts of society, leaving them like withered limbs on a trembling body, even as the relative few who benefit promote the illusion of opportunity and prosperity for all. Concerned citizens armed with facts are not fooled. Instead, the more they learn the angrier they get. And as in revolutions of the past, discontent leads to change
I just watched World War Z if you couldn't tell.
A 'cult,' according to Merriam-Webster, can be defined as "Great devotion to a person, idea, object, movement, or work..(and)..a usually small group of people characterized by such devotion."
Capitalism has been defined by adherents and detractors: Milton Friedman said, "The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system." John Maynard Keynes said, "Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone."
Perhaps it's best to turn to someone who actually practiced the art: "Capitalism is the legitimate racket of the ruling class." Al Capone said that.
Capitalism is a cult. It is devoted to the ideals of privatization over the common good, profit over social needs, and control by a small group of people who defy the public's will. The tenets of the cult lead to extremes rather than to compromise. Examples are not hard to find.
"Capitalism is the legitimate racket of the ruling class."
LOL!....folks in the hood are sayin' "the end of the world?....Kansas?....Kansas!.....uh....no, thanks....I'm good. Just gimme a forty and I'll ride it out here......."...LOL!
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[BRIEFING.COM] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.
The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More
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