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Why Are Thousands Of Millionaires Fleeing Chicago And Other Major Cities Around The World?
TEC ^ | 04/18/2016 | Michael Snyder

Posted on 04/18/2016 1:58:16 PM PDT by SeekAndFind

The elite are fleeing major cities around the globe at a staggering rate. In fact, the Chicago Tribune is reporting that approximately 3,000 millionaires left the city of Chicago alone during 2015. The same study discussed in that Chicago Tribune article found that 7,000 millionaires left Paris, France last year. So why is this happening? Why are thousands of millionaires suddenly packing up and moving away from the big cities? Could it be possible that they have many of the same concerns that “preppers” do about what is coming?

For quite a while, I have been writing about how the elite have been preparing for the coming collapse. But I had no idea that literally thousands of them are packing up and permanently leaving our major cities. As I mentioned above, the Chicago Tribune is reporting that about 3,000 of them left the city of Chicago alone during the previous calendar year…

Millionaires are leaving Chicago more than any other city in the United States on a net basis, according to a new report.

About 3,000 individuals with net assets of $1 million or more, not including their primary residence, moved from the city last year, with many citing rising racial tensions and worries about crime as factors in the decision, according to research firm New World Wealth.

But of course this is not just happening in Chicago, nor is it just an American phenomenon.

Actually, the two cities that lost the most millionaires last year are both located over in Europe

Paris saw the largest exodus.

The French city lost 7,000, or 6 percent, of its millionaires, followed by Rome, which lost 5,000, or 7 percent.

It is true that some of these millionaires are moving for tax reasons, but many others are quite concerned that humanity is hurtling toward a deeply apocalyptic future, and they want to get prepared for what is about to happen while they still have time.

In eastern Germany, one company known as “Vivos” has spent an enormous amount of money converting an underground facility built by the Soviets during the Cold War into the largest private shelter on the planet. It is called “Europa One”, and it is being billed as an ultra-luxury survival bunker for the elite.

The following comes from their official website

Located in the heart of Europe is one of the most fortified and massive underground survival shelters on Earth, deep below a limestone mountain. Built by the Soviets during the Cold War, this shelter was a fortress for military equipment and munitions. Now privately owned, this 76 acre above and below ground hardened facility is capable of withstanding a substantial close range nuclear blast, a direct airliner crash, biological and chemical agents, massive shock waves, earthquakes, electro-magnetic pulses, and virtually any armed attack.

This irreplaceable complex is now being re-tasked as Vivos Europa One, becoming the world’s largest and most fortified underground shelter for long-term, uncompromising protection of high net worth individuals, their families, and most precious assets when no other above-ground exfiltration solution will suffice.

The complex includes over 21,108 square meters (227,904 square feet) of secured, blast proof living areas; and, an additional 4,079 square meters (43,906 square feet) of above-ground office, apartments, warehouse buildings, and its own train depot. Collectively there are over 5 kilometers (3.1 miles) of continuous tunnel chambers.

An RT report that was posted on YouTube right here contains some stunning visuals from the inside of this facility. Personally, I was quite stunned when I saw the extent of their preparations for the first time…

This is something that I could go on and on about, but I won’t. If you are interested in reading more, please see my previous article entitled “Superyacht Getaway Subs And Luxury Bomb Shelters: The Elite Are The Most Paranoid Preppers Of All“.

As I was preparing for this article, I remembered something that Zero Hedge just reported that I think relates to this subject. It turns out that “the smart money” has been net sellers of U.S. stocks for 11 weeks in a row…

Last week, during which the S&P 500 was down 1.2%, BofAML clients were net sellers of US equities for the 11th consecutive week. Net sales of $1.7bn were smaller than in the prior week, but all three client groups (hedge funds, institutional clients, private clients) remained net sellers, led by institutional clients.

So why are the elite dumping stocks like crazy right now?

Don’t they realize that the stock market has been going up?

Could it be possible that they have information that the rest of us do not?

Most people have absolutely no idea how vulnerable our society truly is, or how very easy it would be to plunge the general population into a state of utter chaos.

That is why I am so glad that Mike Norris (the son of Chuck Norris) is coming out with his new movie entitled “AmeriGEDDON”. This film imagines a time when a global terror organization disables the U.S. power grid and martial law is instituted. Rioting, looting and civil unrest break out, and the government moves in to disarm the citizens and “restore order”. You can watch the official trailer for this new film right here

Could we actually witness such a scenario in our future?

Well, I don’t expect to see anything like this next month, but in my new book I explain why I believe that America is heading for a future that is even more apocalyptic than the one portrayed in “AmeriGEDDON”.

Everywhere you turn, our world is becoming increasingly unstable. Economic collapse has already gripped some areas of the planet, there is tremendous geopolitical instability in the Middle East, Islamic terror is on the rise, there have been outbursts of civil unrest all around the world, and just this week we have seen a series of very alarming earthquakes and volcanic eruptions.

Many people believe that we are entering a period of time when an unprecedented confluence of events will combine to create a “perfect storm” which will shake the world to the core.

And it isn’t just “preppers” that feel this way. As you have just seen, thousands of millionaires are so concerned about changing conditions that they are fleeing the major cities.

So before you dismiss all of this apocalyptic talk as “nonsense”, perhaps you may want to consider what the elite may know that you do not.


TOPICS: Business/Economy; Society
KEYWORDS: chicago; millionaires; taxes
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1 posted on 04/18/2016 1:58:16 PM PDT by SeekAndFind
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To: SeekAndFind

Inmates running the asylum. Simple.


2 posted on 04/18/2016 1:59:52 PM PDT by Vaquero ( Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: SeekAndFind

Maybe ChIraq should build a wall like East Berlin...


3 posted on 04/18/2016 1:59:55 PM PDT by Darteaus94025 (Can't have a Liberal without a Lie)
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To: SeekAndFind

They’ve all bought a huge island where only they will live ... Millionaria.


4 posted on 04/18/2016 2:00:25 PM PDT by johniegrad
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To: SeekAndFind

Big City = Left Wing Rule = Economic stupidity. Smart people leave. City gets worse = Death Spiral.


5 posted on 04/18/2016 2:01:40 PM PDT by I am Richard Brandon
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To: SeekAndFind

Cuz they can?


6 posted on 04/18/2016 2:01:43 PM PDT by showme_the_Glory ((ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government))
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To: johniegrad

aka Galt’s Gulch


7 posted on 04/18/2016 2:01:52 PM PDT by kosciusko51
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To: johniegrad

More like Moronia. More than likely they voted every time for the lunatics that run the place. Difference is they have made or stolen enough to escape and leave the rest holding the bag.


8 posted on 04/18/2016 2:02:27 PM PDT by Resolute Conservative
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To: SeekAndFind

And in other news...

Same-sex marriage licenses could hit 10,000 in Cook County this summer
Leonor Vivanco and Mallory Busch

Elvis Garcia didn’t think much about marriage until he met Christopher Saale.Garcia’s mother never married, and marriage wasn’t an option for same-sex couples until recently.”In the back of my mind, marriage really didn’t exist for gay people, so that reinforced my thinking maybe I should just...

Chicago Tribune


9 posted on 04/18/2016 2:02:28 PM PDT by KeyLargo
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To: SeekAndFind

I hope they head to my town and buy our house.


10 posted on 04/18/2016 2:02:32 PM PDT by stars & stripes forever (Blessed is the nation whose God is the Lord. Psalm 33:12)
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To: SeekAndFind

Rich or poor, I can only live happily in a 10 (or less) people/square mile area. I love dogs, though.


11 posted on 04/18/2016 2:03:13 PM PDT by gorush (History repeats itself because human nature is static)
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To: SeekAndFind

Social program takers causing States to become unfriendly to business.


12 posted on 04/18/2016 2:04:09 PM PDT by A CA Guy (God Bless America, God Bless and keep safe our fighting men and women.)
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To: SeekAndFind

The rich are going to let the meek inherit what’s left of the liberal cities.


13 posted on 04/18/2016 2:06:40 PM PDT by Starboard
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To: SeekAndFind

Thousands of millionaires and millions of thousandaires.


14 posted on 04/18/2016 2:06:55 PM PDT by uglybiker (nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-BATMAN!)
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To: Resolute Conservative

More than likely they voted every time for the lunatics that run the place.

*************
Not only did they vote for them, the probably funded their campaigns!


15 posted on 04/18/2016 2:08:00 PM PDT by Starboard
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To: SeekAndFind

Yeah,
I have some money.
Think I’ll move to Chicago to retire.
So Illinois and Chicago can steel it all to give to pensions?


16 posted on 04/18/2016 2:08:38 PM PDT by Joe Boucher (500 years ago we had Shakesphere, obammys people live in mud huts still. Go figure)
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To: SeekAndFind
go Galt go.
17 posted on 04/18/2016 2:10:55 PM PDT by CJ Wolf ( !)
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To: Joe Boucher

Hot in summer, cold in winter, traffic jams at 2am.
It’s a great place for sure!


18 posted on 04/18/2016 2:11:46 PM PDT by nascarnation
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To: SeekAndFind

“So why are the elite dumping stocks like crazy right now?

Don’t they realize that the stock market has been going up?”

Nobody wants to know the Truth about the Real Economy of DEBT!

Could we actually witness such a scenario in our future?

COUNT ON IT, right before the proposed election.


19 posted on 04/18/2016 2:12:29 PM PDT by eyeamok
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To: SeekAndFind

Moving away from high tax zones? Getting old and retiring? A lot of millionaires moving to FL these days.


20 posted on 04/18/2016 2:13:20 PM PDT by Hugin (Conservatism without Nationalism is a fraud.)
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