Global War, Nuclear Accidents, Volcanic Eruptions: Deutsche Bank's Apocalyptic Take On What May Come Next | WHAT REALLY HAPPENED

Global War, Nuclear Accidents, Volcanic Eruptions: Deutsche Bank's Apocalyptic Take On What May Come Next

In many ways, 2020 has already been a year that has had virtually every worst-case outcome take place: a global pandemic the likes of which have not been seen since the Spanish Flu of 1918, a market crash and economic recession that were as sharp as the Great Depression of 1929, a Fed intervention that puts the 2008 bailout to shame, and topping it all off, a new cold war. But according to Deutsche Bank the "fat tail" outcomes are only getting started.

As the bank's strategists Henry Allen and Jim Reid "cheerfully" write, tail risks such as Covid-19 are thankfully rare compared with other market shocks. However, they note, such events "are a more regular occurrence than most people think, with pandemics being just one example. In this piece we consider various tail risks that could cause another global crisis, and assess the probability that they will occur."

The bank then finds there is a one-in-three chance that at least one of four major tail risks will occur within the next decade: a major influenza pandemic killing more than 2 million people; a globally catastrophic volcanic eruption; a major solar flare; or a global war.

Webmaster's Commentary: 

The reasons Deutsche Bank is making these predictions... is to understand how to position itself to make the most possible money, no matter what comes down the pike, in terms of future shocks to the system by the above-reference catastrophes, either naturally occurring, or human-caused.

But for the rest of us.... we simply have to prep for any eventuality which may befall us, particularly if governments come crashing down around our heads, and we are uniquely on our own, in terms of taking care of ourselves and the people about whom we care.

So here comes my mantra yet again; storeable food; potable water; extra meds for yourself, family, and pets, and a bug-out kit, with certain very specific guidelines about how and when you will use it.

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