Cameron Fleeing America To Escape Collapse?
The wealthy are buying insurance policies abroad
Paul Joseph Watson & Alex Jones
Thursday, February 2, 2012
If you think that Hollywood director James Cameron’s decision to leave America and move his entire family to a farm in New Zealand is simply to provide his kids with a “strong work ethic,” as Cameron claims, then think again.
“Cameron has successfully applied to buy 1,067 hectares (2,636 acres) of farmland in New Zealand. In an application filed with the New Zealand Overseas Investment Office, Cameron says he and his family “intend to reside indefinitely in New Zealand and are acquiring the property to reside on and operate as a working farm,” reports the Associated Press.
Cameron is leaving his $5 million dollar villa in Malibu to move to the rural property which is a 90 minute drive from Wellington.
Granted, the fact that rumors suggest the sequel to Avatar will be filmed in New Zealand, in addition to the close proximity to Weta Digital’s Wellington headquarters, the studio won an Oscar for its work on the first Avatar, are undoubtedly factors behind the purchase, but Cameron’s decision to abandon America entirely, when he could more easily have bought a holiday home in New Zealand, surely suggests other reasons for the move.
Cameron’s decision fits the trend of wealthy Americans pulling their money out of the country and reinvesting it to buy land in the southern hemisphere, escaping spiraling tax rates and protecting themselves against the potential for widespread social dislocation.
In 2010, John Malone, billionaire chairman of Liberty Media, announced that he had bought a retreat on the Quebec border as an insurance policy to “have a place to go if things blow up here,” adding that he was concerned about the survival of the dollar and whether or not “America (was) going to make it” through the economic crisis.