In late April, I wrote about Peter Thiel’s decision to temporarily move to Argentina with his family. It seemed like an odd development, since Thiel’s allies and ideas form a core part of the Trump regime.

At the height of his power and influence, with his companies raking in multibillion-dollar contracts, why would the PayPal and Palantir billionaire “decamp” to South America?

Last week, the New York Times followed up on Thiel’s move:

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.

The NYT piece spurred a new round of interest in Thiel’s globetrotting from people who had apparently missed the New York Post’s exclusive story on April 24. As with the NYT story, the Post story pointed out that Thiel’s purchase of a $12 million mansion in Buenos Aires is part of a “meticulously constructed global hedge,” noting that “Thiel has spent years assembling a portfolio of residences, passports, and legal presences across multiple continents.”

Neither story mentioned Thiel’s decades-long fascination with The Sovereign Individual: How to Survive and Thrive During the Collapse of the Welfare State. The 1997 book urges wealthy individuals—so-called “Sovereign Individuals”—to seek escape routes from democratic nation-states, obtain multiple passports, and acquire personal security services as the world devolves into chaos.