Warren Buffett warned his shareholders against an inevitable mega catastrophe

Berkshire Hathaway, the head of the holding, had not sent such alarming letters to its shareholders. According to Buffett, a terrible global catastrophe could occur at any time. The financier considers two possible scenarios for his development and, in both cases, the consequences are extremely heavy and the losses are colossal. If the crash is deliberately caused by people, its goal will probably be the financial infrastructure.

"In the very near future, humanity will face a global catastrophe in front of which devastating hurricanes Katrina and Michael will look funny.These are the forecasts of the American investor Warren Buffett, presented in the annual letter to the shareholders of Berkshire Hathaway's holding company.

"The global catastrophe is ahead of us and it will surely happen. It can happen tomorrow, maybe a few decades later"- notes the billionaire.He stressed that there was no way to predict who would be the source of the collapse.

Buffett points to two possible scenarios for events. In the first scenario Humanity is facing catastrophic storms, combining a devastating hurricane and a powerful earthquake. Geologists, seismologists and conservationists have repeatedly warned and cautiously warned of the occurrence of a spectacular cataclysm. A cataclysm is expected, the intensity of which will exceed everything that has happened so far.

According to experts, the probability of such a disaster increases with the activity of people. We continue to use hydrocarbons whose extraction and treatment have a very negative impact on the environment.

It's worth noting that Buffett thinks that electric cars can reduce the use of fossil fuels and help avoid this scenario. At the same time, there is little investment in infrastructure that can protect people from future disruption.

Many scientists believe that humanity is only 12 years old to avoid a global climate disaster.

according to the second scenarioThe 88-year-old billionaire believes that the global catastrophe can be triggered by a cyber-attack with catastrophic consequences. According to badysts, it is possible to conduct mbadive cyber-operations, which will result in losses ranging from 50 to 120 billion dollars. The risk is greater for the financial infrastructure – online banks, databases and ATMs.

Whatever the scenarios, companies suffer huge losses that can not be covered by any insurance company. Of course, Buffett is confident that Berkshire Hathaway will not have such problems.

It's worth noting that another 88-year-old billionaire is talking about a deadly threat for the future. This is George Soros, who fears that artificial intelligence technologies used by China are undermining the foundations of Western democratic society. Soros also warns of the risks arising from the joint work of China and Russia.