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The Black Swan Just Had a Hundred Babies
The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight. The term is based on an ancient saying that presumed black swans did not exist – a saying that became reinterpreted to teach a different lesson after the first European encounter with them. The theory was developed by Nassim Nicholas Taleb starting in 2001 to explain:
- The disproportionate role of high-profile, hard-to-predict, and rare events that are beyond the realm of normal expectations in history, science, finance, and technology.
- The non-computability of the probability of consequential rare events using scientific methods (owing to the very nature of small probabilities).
- The psychological biases that blind people, both individually and collectively, to uncertainty and a rare event’s massive role in historical affairs.
Taleb’s “black swan theory” refers only to unexpected events of large magnitude and consequence and their dominant role in history. [Source: Wikipedia]
Several red flags that an impending recession, following the inflation we are currently in, may be far more extreme than has been predicted, and quite possibly be something we haven’t seen in our lifetime. I’m not shouting conspiracy. I like to have a heads up so I can prepare within my abilities, and so offer the following observations that I’ve encountered:
While everyone including myself, is gasping at the grocery check-out aisle here in the US when the tab comes up, I heard on the radio about a 
Some may have heard of The Great Reset, an overhaul of our entire worldwide economic system to usher in the Fourth Industrial Revolution. There is plenty of information on all of that, but who is Klaus Schwab? He is the president and founder of the World Economic Forum. He is currently the person leading this “great” reset of world society as we know it. Did we know there was a reset coming and did we vote for it? Are all countries subject to these new sweeping changes described in The Great Reset, that will impact how and if we work, what we own, what we eat, how we commute, how we bank, what we earn, and many other things that we have always taken for granted as personal choices. It gets better…..
Major banks are rolling out a new platform and their lending practices will be driven by your ESG score. ESG stands for your Environmental, Social, and Governance. What, you ask, does that mean? What you buy and sell, what charities you support, and your environmental impact are being tracked and translated into a score. I don’t know who the scorekeepers are, but 
There is a lot of pressure on President Trump to win re-election. So let’s add some more. Something called “The Great Reset” is being globally staged, using the COVID-19 virus to accelerate the Reset. Conspiracy theories? Think again. Rapid draconian changes are being planned across all sectors, including financial, economic, social, and religious, with the virus restrictions giving it gas. Loss of freedom, and socialistic measures will replace our Judeo-Christian civilization, with the United States as the last big block in the way to be knocked down.