From the New York Times (archived): "Why Peter Thiel Is Decamping to the End of the World." Wikipedia notes that Thiel was a "co-founder of PayPal (1998), Palantir Technologies (2003), and Founders Fund (2005), he was also the first outside investor in Facebook (2004). According to The New York Times, as of December 2025, Thiel's estimated net worth stood at US$27.5 billion, placing him among the 100 richest individuals in the world." In other words, he heads up companies that know more about you than you do.
So it is with interest that the Times reports:
Mr. Thiel, who has a history of collecting backup countries as he hedges his bets against the United States, is considering making Argentina another Plan B, according to two people familiar with his thinking. Born in Germany and raised in the United States, he received citizenship in New Zealand in 2011, and applied for a passport in Malta in 2022.
His new roots in Argentina are partly motivated by his concerns about the direction of the United States, the people familiar with his thinking say, particularly California, where an initiative on November’s ballot could lead to a significant tax on billionaires.
Argentina, a nation relatively insulated from potential conflicts in the Northern Hemisphere, also fits as a potential escape hatch from other risks that Mr. Thiel has publicly warned about — nuclear war and runaway artificial intelligence.
But Mr. Thiel has also been energized by what he’s discovered in Argentina, finding harmony with Mr. Milei’s libertarian slash-and-burn governance and becoming enamored with Buenos Aires’ vibrancy, the people said. They, and others familiar with the billionaire’s activities and discussions about the country, spoke on condition of anonymity to share private conversations.
And its not just business that drew him there. He has relocated his family there, including enrolling his children in school there.
Perhaps Thiel is there to buy up the country. Perhaps he is there because he fears World War III. Perhaps he fears civil war in the U.S. It would be interesting to know what his AIs have predicted.
Argentina? For security and stability? Seems like a trade off. I'm no expert on the history of that region but I do know that in recent history it has seen dictatorships, juntas, large riots and hyperinflation. Typically, Argentina has lots of zeros on it's currency. Neighboring Chile is much the same. The name "Pinochet" comes to mind. For me, the biggest sticking point in emigrating to another country is that I can't take my gun ownership privileges with me. The USA may not be perfect...so find me another country in the world where I can legally strap my gun on my hip and carry outside the home and I might consider it.
ReplyDeleteFerFal rose to fame in the prepping community because of his writing about the economic turmoil in Argentina. But it seems to have settled down and the new President seems to be working on making the country more free. And money buys a lot of privileges for someone like Thiel (even citizenship) that would not be available to the likes of you and I.
DeleteHe could buy the government there, so there's that.
ReplyDeleteThat might be his strategy. It is interesting that he picked Argentina even though he already owned property in New Zealand.
Delete