By A.J. BURSICK,
South Korean banks are looking to shield themselves from the threat of a North Korean "e-bomb," or EMP attack (electromagnetic pulse attack).
U.S. banks need to do so too – now.
That's because once an EMP bomb is detonated high up in the earth's atmosphere, over its intended target, it would instantly wreak havoc on electrical grids below, shutting off a population's communication access to myriad vital institutions. These include hospitals, water companies, transportation hubs, air control; the list goes on.
This kind of damage in the United States would be beyond anything we've ever seen before.
In fact, in 2008, the EMP Commission estimated that within 12 months of a nationwide blackout, up to 90% of the U.S. population could possibly perish from starvation, disease, and societal breakdown, The Wall Street Journal reported in August 2014.
U.S. banksThis won't be a concern of yours, of course. We'll show you how to prepare.
But first, you should understand why it is so important to make sure American banks in particular are prepped for survival.
It's what's inside that counts…
https://moneymorning.com/2017/10/11/why-u-s-banks-need-to-prepare-for-a-north-korean-e-bomb-now/
