The New Thing Uber Wealthy Doomsday Preppers Are Buying

Wealthy people are buying "golden passports" to other countries so they can have a backup citizenship plan. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://www.huffpost.com/entry/backup-passports-secondary-citizenship_n_6414a627e4b0fef15243ec07

"Of all the promotional emails I’ve received, the one that I got in February from St. Kitts and Nevis is probably the strangest. For a limited time only, it said, this small island nation in the Caribbean could offer me citizenship at a $25,000 discount.

Why I wound up getting an email like this is a minor mystery. I cover wealth, and I find the logistics of being rich extremely amusing. But being able to drop $125,000 on a second passport — which was the sale price — and laughing about it are not the same.

More likely than not, the sender was trying to tap the hottest new market for secondary citizenship: the United States. Henley & Partners, the world’s premier passport brokering company, said that in 2022, more Americans inquired about citizenship by investment — programs that allow people to pay for citizenship instead of gaining it by demonstrating their ties to a country — than in any previous year. Americans were also the leading nationality for submitting applications."

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