Here's how the rich are preparing for the worst and how to prep on a budget Some elites are paying for 'golden visas' to secluded nations like New Zealand 'Doomsday prepping' used to be seen as a hobby relegated to the paranoid fringe — but ordinary Americans spent a staggering $11 billion on survival items, just last year, from April …
This week the Biden administration moved swiftly to contain the fallout from the collapse of Silicon Valley Bank, reassuring depositors and other wobbling institutions. When the bank's precarious position became clear last week, tech investors with uninsured deposits — most notably billionaire Republican donor Peter Thiel — panicked. But this weekend he was screaming in all caps that "MAIN STREET" …
Legislation currently making its way through Congress would take a sledgehammer to the massive individual retirement accounts built up tax-free by a select group of the ultrawealthy. Those accounts — Thiel's alone was worth $5 billion in 2019 — have allowed some super-wealthy Americans to turn their Roth IRAs, tools meant to incentivize middle-class retirement saving, into supersized tax shelters. …
