Another financial crisis is coming, unless it’s preempted by new weapons capable of shutting down national banking systems. An EMP attack, for instance.
The global financial system’s ever-increasing leverage pretty much guarantees another crisis in coming years — unless it’s pre-empted by new weapons that can, in theory, shut down entire national banking systems, thus screwing up the best-laid plans of today’s savers and investors.
This series will consider some of them, beginning with the electromagnetic pulse (EMP) attack. From today’s Wall Street Journal:
Pyongyang doesn’t need a perfect missile. Detonating a nuke above Seoul—or L.A.—would sow chaos.In 2001 Congress established a commission to study the danger of an electromagnetic pulse generated by the detonation of a high-altitude nuclear weapon. It concluded that while there would be no blast effects on the ground, critical electricity-dependent infrastructure could be…
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