The North Korean Threat Is Good for the Doomsday Prepper Business - TIME Business

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The North Korean Threat Is Good for the Doomsday Prepper Business Posted: 11 Aug 2017 02:33 PM PDT President Trump’s inflammatory warnings to North Korea appear to have unsettled the stock market as fears of nuclear war likely triggered a global sell-off this week. But far away from Wall Street, the looming threat of the apocalypse is good business. Larry Hall, the project manager and owner of the Survival Condo Project, is one of the few who’s benefiting in the wake of tension between the U.S. and North Korea. The Project comprises of two underground silos equipped with nine-foot thick blast doors, diesel generators, a movie theater, indoor swimming pool and luxury condos in a complex somewhere around Salinas, Kansas. The exact location can’t be revealed due to “security reasons.” “The North Korea situation got us a 40% spike in inquires,” Hall said. On a monthly basis, he estimates the condos get about 300 inquires total. Over the past 10 days, he received roughly 200, he noted. “Ever since I started building the bunkers I’ve noticed that any time there’s a natural disaster that a bunch of people are worried about, we get a whole bunch of calls — the 2012 Mayan [calendar] thing, the Fukushima tsunami in Japan, major earthquakes, when Trump got elected.” Hall purchased the first of the abandoned silos in 2008 and converted them into fifteen-floor, nuclear bomb-resistant apartment complex by 2012. Every unit in the first silo was sold with the exception of one, he told the New Yorker in January, and that success has led to the development of a new condo, which is a little over halfway completed, he said. It could house up to 28 units depending if they sell full, half or penthouse apartments. “We thought it would take another year to sell it out by September, and we still have units available, but roughly 60% has sold out already,” he said. Because of the luxury amenities and advertised $3 million sales price, the Survival Condos attract affluent guests. “These are people you’d see on the Forbes list as the richest people in America,” Hall said. “There’s famous people that are definitely recognizable.” But the fortified homes aren’t just for dire situations like war with North Korea, he said. “We didn’t build this project for doomsday. We built if for Superstorm Sandy. 9.0 earthquakes. Economic collapse. Food shortages. It’s all stuff that can happen any time of the year, the whole range of the bell curve,” he explained. “The time to get a bunker is when you don’t need it,” Bell added. “You can’t just wait for a catastrophe happen.”

American Allies and Adversaries Urge Caution on North Korea - New york times

American Allies and Adversaries Urge Caution on North Korea

World leaders expressed alarm on Friday at the bellicose language emanating from North Korea and the United States, but also some support for President Trump, as they sought to allay their citizens’ fears of a nuclear war on the Korean Peninsula.

“I am convinced that a verbal escalation will not contribute to a resolution of the conflict,” Chancellor Angela Merkel of Germany told journalists in Berlin. “I also see no military resolution to the conflict.”

Russia’s foreign minister, Sergey V. Lavrov, said that Moscow was “very alarmed” by talk of pre-emptive military action by the United States. “Unfortunately, the rhetoric in Washington and Pyongyang is now starting to go over the top,” Mr. Lavrov said. “We still hope and believe that common sense will prevail.”

Among America’s allies, Australia was perhaps the most decisive in denouncing North Korea’s weapons program.

“We stand shoulder-to-shoulder with the United States,” Malcolm Turnbull, Australia’s prime minister, said in a statement, adding that Australia and the United States were “joined at the hip.”

European leaders, whose summer holidays had already been interrupted by political uncertainty, and who are usually occupied by the threat from a resurgent Russia, were focused on the Korean Peninsula.

Chancellor Angela Merkel of Germany criticized the escalation of the war rhetoric between the United States and North Korea.© Clemens Bilan/European Pressphoto Agency Chancellor Angela Merkel of Germany criticized the escalation of the war rhetoric between the United States and North Korea.

Ms. Merkel said diplomacy offered the only way out of the crisis. She did not single out Mr. Trump — with whom she has had a frosty relationship — for criticism, but she made clear that his language was not helpful.

“Germany will be intensively involved in any possible nonmilitary solutions, but I consider an escalation of words to be the wrong answer,” she said.

Russia’s Defense Ministry on Friday denied reports on state-controlled media that air defense units in the Russian Far East had been placed on high alert. Russia shares a short border with North Korea, near Vladivostok, a Pacific port city.

Speaking at a youth forum east of Moscow, Mr. Lavrov, the foreign minister, said Moscow was “very worried” by fiery declarations in Washington and Pyongyang.

“Talk of the need to carry out a pre-emptive strike at North Korea, Pyongyang’s talk of the need to strike at Guam island at the U.S. military base, this has been continual, and we are very worried by this,” Mr. Lavrov said.

He said that Russia, which last weekend joined the United States and China in voting at the United Nations Security Council for severe new sanctions against Pyongyang, did not accept North Korea as a nuclear power. But he said it was up to the United States, as the more powerful country, to take the first step.

“I believe when it actually comes to a fight, the one that is stronger and smarter should take the first step away from the dangerous line,” Mr. Lavrov said. “Together with China, Russia offered a very reasonable plan providing for the ‘double freeze.’ Kim Jong-un freezes any nuclear tests, any ballistic missile launches, while the U.S. and South Korea freeze large-scale military exercises, which are constantly used by North Korea as an excuse to conduct tests.”

Russian experts worry that while the United States is unlikely to launch an all-out military attack on North Korea, it could make a limited strike. This, warned Vladimir I. Batyuk, of the Institute for U.S. and Canadian Studies in Moscow, would shatter the united front that Russia, China and the United States displayed in the sanctions vote at the United Nations.

“If the Americans apply military force against the D.P.R.K., they will clearly lose whatever political support Moscow and Beijing have provided so far for U.S. policy toward North Korea,” Mr. Batyuk told Kommersant, a Russian newspaper, using the initials for the Democratic People’s Republic of Korea, the formal name of the North.

Vladimir Frolov, an independent foreign policy specialist, contrasted Russia’s “passive” response to the risk of nuclear war near its eastern border with the “hyperactive Russian diplomacy on Syria and Ukraine.”

Writing in Republic, an online Russian journal, Mr. Frolov complained that Moscow was engaged in “geopolitical outsourcing,” leaving China and the United States to calm a grave danger on its own border. The approach “works for now, but is not a very good look for the Russian leadership,” he said.

The leaders of France, America’s oldest ally, and Britain, America’s closest ally, did not offer fresh comments on the tensions, but Jeremy Corbyn, the far-left leader of the opposition Labour Party in Britain, said war would be catastrophic.

“The idea that anyone can contemplate using nuclear weapons at any stage against anybody is unthinkable,” Mr. Corbyn, who has advocated that Britain give up its nuclear weapons, told Sky News. “There is no such thing as an isolated nuclear attack. It will kill millions on both sides of the Korean border and, of course, in neighboring countries.”

Damian Green, Britain’s first secretary of state, said during a visit to Scotland that “the sensible way for people to proceed is to work through the U.N. process.”

He added, “That’s what the British government has been supporting and will continue to support.”

Several allies of the United States, while expressing dismay about the heated language, said Washington was correct to condemn North Korea’s weapons program.

“The international society cannot allow North Korea to further develop its nuclear and ballistic missile program,” Denmark’s foreign minister, Anders Samuelsen, said in a statement. “This would enable North Korea to terrorize the region — and beyond — even more. We are obviously not going to accept that threat. It must be stopped.”

Mr. Samuelsen added: “What we are witnessing at the moment is an escalation of rhetoric on North Korea. One could argue about the choice of words, but it’s important that North Korea accepts that the international society is putting its foot down.”

New Zealand’s foreign minister, Gerry Brownlee, re-emphasized the need for a strong diplomatic response, saying any pre-emptive action would be a mistake.

“Committing to an aggressive response now — while encouraging all involved to avoid escalation — is not a position we want to take,” Mr. Brownlee said, according to local reports.

Tom Plant, director of proliferation and nuclear policy at the Royal United Services Institute for Defence and Security Studies, said European experts would generally agree that “a diplomatic resolution is the only feasible and sensible resolution” to the tensions.

Mr. Plant said he hoped that, behind the scenes, diplomats from the two sides were meeting in private to defuse the crisis.

“There are still very competent people in the State Department and in the White House capable of suggesting and conducting that course of action,” Mr. Plant said, adding that he was not confident that Mr. Trump himself would pursue such a course.

Tom Tugendhat, a former British military officer and the new head of the Commons Foreign Affairs Committee, compared the situation to the Cuban missile crisis of 1962.

“Kennedy and Khrushchev showed that nuclear tensions can be unwound by measured and thoughtful action,” Mr. Tugendhat told journalists. “I look forward to the U.S. and North Korea working with regional partners, including China, to reduce tensions and end the nuclear brinkmanship.”