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Black Swan Events can be Regional & Local

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(@pizzaman)
Prominent Member Customer
Joined: 5 years ago
Posts: 650
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About 4-5 years ago my wife and I seriously considered moving to western North Carolina to start our retirement, spending a lot of time there checking the various places out. Fortunately, we decided to stay in the upper Midwest. I say fortunately because of the ongoing weather disaster that has hit the general area. When I watch the videos I am saddened that I can recognize most of the affected areas having visited a lot of them in-person. As a retired Geologist I am embarrassed to say that the potential for serious flooding in those areas did not occur to me and I did not look into it. My point is that Black Swan events can be very specific, to you! You did not get flood insurance. 95% of Americans don’t have it. Now what do you do? How do you account for Black Swan events in your simulations? I am curious what other people on this forum do to protect themselves from these types of events and how do you model them??



   
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(@hines202)
Honorable Member Customer
Joined: 5 years ago
Posts: 509
 

@pizzaman Be it extreme climate-driven weather events, alien landings, nuclear war, civil war, etc we try to prepare as a whole, for our lives. On the money side, being conservative, having cash on hand, having silver coins to barter in case of complete apocalyptic events and currency collapse. We have about a year's worth of food, water, medical supplies, guns, ammo, survival gear, and power. Renewable power as well in solar. We are well set up to move out on a moment's notice. I follow a guy named city prepper on youtube, very good content and products, and there are some good posts on a substack journal called Project: Pioneer. I also read Jim Cobb's excellent books https://amzn.to/4eJPRRU



   
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