Great! Another thing to be Afraid of: The Dreaded Carrington Event #Disaster

Add this to the pile of scare tactics people seem to throw at us daily.

The best available estimates suggest a modern Carrington Event would cost humanity $1 trillion to $2 trillion in the first year and take another four to 10 years to achieve full recovery. A 2007 NASA estimate found that the damage to the satellite fleet would cost between $30 billion and $70 billion. 

What this is is a massive solar flare that would take out nearly every power grid, satellite, and cellphone and GPS device all at once. We would only have a few hours to a day of warning as well before everything gets fried by energetic particles. Time to buy that emergency food that Right-wing talk radio keeps touting.