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Jamie Carter – Why America Should Suddenly Prepare For A Billion-Dollar ‘Internet Apocalypse’ Caused By The Sun

Summary:
We know the Sun is getting more active as it enters a new Solar Cycle with some predicting it could be the strongest since records began.Earth will cope this time—but what about the 1.6% to 12% chance that a huge solar superstorm occurs? And we—and our internet—prepared for such an event?Like the coronavirus pandemic, apparently not.Do we know if they’re resilient to solar superstorms? No. The last large solar events were in 1859 and 1921, which damaged the telegraph network. As for the modern Internet, its resilience has not been tested, say the authors.As an example of just how unprepared governments might be, back in May 2021 the UK Prime Minister’s former principal advisor, Dominic Cummings, revealed that the UK’s plans are “completely hopeless” and that solar storms could cause a “a

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We know the Sun is getting more active as it enters a new Solar Cycle with some predicting it could be the strongest since records began.

Earth will cope this time—but what about the 1.6% to 12% chance that a huge solar superstorm occurs? And we—and our internet—prepared for such an event?

Like the coronavirus pandemic, apparently not.

Do we know if they’re resilient to solar superstorms? No. The last large solar events were in 1859 and 1921, which damaged the telegraph network. As for the modern Internet, its resilience has not been tested, say the authors.

As an example of just how unprepared governments might be, back in May 2021 the UK Prime Minister’s former principal advisor, Dominic Cummings, revealed that the UK’s plans are “completely hopeless” and that solar storms could cause a “a worse situation than Covid.”

Forbes 

Why America Should Suddenly Prepare For A Billion-Dollar ‘Internet Apocalypse’ Caused By The Sunsed-by-the-sun/


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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