What You Can Learn From Hurricane Maria

prazxs (32)in #money • 7 years ago

What You Can Learn From Hurricane Maria - Mike Maloney

Hurricane Maria is regarded as the worst natural disaster on record in Dominica, and caused catastrophic damage and a major humanitarian crisis in Puerto Rico.

Still recovering from Hurricane Irma two weeks prior, approximately 80,000 remained without power as Maria approached. Puerto Rico Electric Power Authority (PREPA) struggled with increasing debt, reaching $9 billion even before the hurricanes prompting them to file for bankruptcy.

The hurricane completely destroyed the island's power grid, leaving all 3.4 million residents without electricity. Puerto Rican governor Ricardo Rosselló stated that it could take months to restore power in some locations, with San Juan Mayor Carmen Yulín Cruz estimating that some areas would remain without power for four to six months. Communication networks were crippled across the island.

95% percent of cell networks were down with 48 of the island's 78 counties networks being completely inoperable.

85% per cent of above-ground phone and internet cables were knocked out. Only one radio station, WAPA 680 AM, remained on-air through the storm.

The recent events that have happened in Puerto Rico you know it's very sad to see all of these politicians starting to use this tragedy as a football as leverage to gain ground against an opposing party, but beyond that this tragedy points out some things that I've been warning about for a while.

One of them you know is single points of failure. The Internet is a single point of failure we are all becoming so dependent on our cell phones that that is a single point of failure. And countries now are trying to push us toward cashless societies this is a very dangerous thing.

In a cashless society you have to have the internet functioning. If you're operating off of cryptocurrencies Bitcoin and such you
have to have your cell phone operating or access to the Internet somehow. And in Puerto Rico they don't have any access to Internet they don't have water they don't have cell phone service. It's become a very dangerous situation and right now cash and things like emergency food and and so on are King.

Robert Kiyosaki used to talk a lot about the 5 G's which is ground so real owning real estate gold grub gas and guns and you do need that grub and gas. I'm not a huge fan of guns although I do own a few of them but it just shows the vulnerability.

Now in Puerto Rico, these were hurricanes and not only did they get a warning of several days about Maria coming but they had hurricane Irma just before that. so people went out and they bought up all the plywood and stuff to board up their windows from Home Depot and all the lumber yards they got sold out immediately. they went and emptied the grocery stores they they had some supplies for Emma then the hurricane just skirted them did a little bit of damage but not much and they sort of relaxed and every place got resupplied and then you know of the like Home Depot the stores the grocery stores and so on they got resupplied and then Hurricane Maria comes along and they go out and buy up everything again and then that one hit the island dead-on and everything broke down still even with getting warning twice and having all those days to prepare it went to utter chaos and it's just you know it's a survival of the fittest mode that people are in there right now.

So these single points of failure are dangerous when something happens like when the big one finally hits Los Angeles I lived in Southern California most of my adult life and you know we talked about it and stuff and we get a little bit prepared. but we don't we aren't really but nobody is prepared for something sudden like that. In Puerto Rico it's an absolute disaster and they had a warning several days they stocked up they had this pause of a week or so and then they had another warning of several days when something big hits a city like Los Angeles it's just gonna be it'll be sudden there's about three days worth of food in the city overpasses come down and things like that and if you're without cell service you can't use crypto currencies. If you're without internet you can't do wire transfers and the banks can't operate if they so the banks are all closed. so it's important to have some gold and some cash and some emergency supplies.