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Bulls, Bears & Birds: Preparing the Financial Industry

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  • Bulls, Bears & Birds: Preparing the Financial Industry

    One point not mentioned above is the role of Command & Control. This is an area where, after decades of obscene military spending, the US is pre-eminent.

    If we are planning for a 1918 scale Pandemic what can we learn from history? Consider the pros & cons now vs. then.

    Firstly medical advances seem an obvious pro but on closer examination how useful would they be? If I caught H5N1 today I would probably be in a negative pressure isolation tent, on a respirator in the ICU getting Tamiflu with excellent medical care. In a Pandemic the most I would realistically expect would be some Tamiflu, if they had not run out. The vaccine would be months away and the Tamiflu stocks would be rapidly depleted by prophylactic usage, in any event I would expect the virus to rapidly develop resistance in this environment. In addition, unlike 1918, the developed world has an enormous number of healthy active people who not be without there medication (Blood pressure, Diabetics, Asthmatics, Assorted Heart patients etc.).

    Acting both for and against is the greatly increased speed and ubiquity of our communication systems. On the plus side the internet, cellular phones & military technology could allow us a command and control structure working in near real time. For the cons we have the air transport system, just-in-time stocking and globalization. In 1918 we were coming to the end of WW1, the counties of the world had been adapting, since 1914, to surviving on there own resources. Now you have only to glance around your home or supermarket to see the interdependencies created by 60 years of uninterrupted global trade. Consider the impact if countries, or regions, ban all cross boarder traffic by people or goods. An essential first step in any attempt to contain or slow the Pandemic would be the grounding of all air traffic worldwide; regretfully it is unlikely that there will be the political will to take this step early enough to be of any use.

    Another need is to actively probe for choke points in the supply & distribution system now so they can be alleviated. This is standard military procedure, the Allies in WWII identified German ball bearing production as a potential weakness and bombed their factories. Where are yours?

  • #2
    Re: Bulls, Bears & Birds: Preparing the Financial Industry

    JJackson,

    Communication among responders is not what you'd think. 9/11, falling towers with firefighters running in and Katrina showed just how bad it is. Communication failed on both incidents.

    Incident Management Teams communication systems frequently do not mesh with those of local responders. Local responder's systems do not interface with systems of the neighboring counties and cities and states.

    In wildland firefighting we say -- establish your LCES --
    your Lookouts,
    Communications,
    Escape Routes and
    Safety Zones.

    Only after you have an emergency plan to escape a fire that's going gunnysack and a place to ride it out, can you hope to survive.

    For me, a forum like this one acts as the collective Lookout. But the grid (Communication capability) needs to stay up and running for us to get the message that something is changing and it's time to take any Escape Route and employ any Safety zone we've planned for.

    Think about your Communications.

    Cell phones go down if you can't recharge your batteries. Do you have an old phone handy and a phone jack to plug into? List of phone numbers not in your dead cell phone?

    Do you have a radio that's hand crank or solar, same with TV?

    If you're a first responder or play a part in the relief effort, what plans and what backups do you have for communication?

    JJack, I think you're probably a long-time prepper and have thought of this stuff.

    Other folks reading, if you think of this stuff, create and set some plans in motion, you're more likely to be survivors... Go for it!

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    • #3
      Re: Bulls, Bears & Birds: Preparing the Financial Industry

      Mellie, thanks for your post.

      I was thinking more in terms of the use of the militaries? command and control facilities; which are designed to continue to operate in a war situation i.e. when all the phones networks etc. don?t.

      How can these be used to best effect & what planning needs to be done now to integrate them into a civilian/scientific/medical structure so they can supplement or replace a failing civilian communications infrastructure. (Assuming the military can be persuaded the bogeymen are not going to launch a surprise attack under cover of bird flu)

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