Just saw on the news that they’re saying the flood in Lismore & Ballina is a one in 500 year event…
Well we’ve only been in this country for 234 years so how the absolute fuck can they be working that one out 
Fucking media
Its easy.
We currently have a 1 in 100 yr flood every year now days, this is the worst one in 5 yrs!
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love it !! one of those moron bureaucrats got on the news yesterday and said its a 1 in 1000 year event !! baffles the mind that these idiots are in charge…
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I think you’ve nailed it. I thought they might’ve been working in dog years or something.
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So glad I don’t work in reserving or claims right now…
Intuitively speaking, the 1 in 100 year term is a bad one in terms of expressing the probability. The better way to think about it is is that the 1 in 100 event every year has a 1/100 chance of happening.
If you take each year as a separate trial with a binomial distribution (assuming IID), the probability of such a flood happening at least once in the 100 year period is 63.4%, rather than the 1% you would intuitively expect from 1 in 100.
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I was going to correct you bumkins, but I thought, I’ll just be called a nerd and be told to STFU.
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We need neither logic, facts, or math to be introduced into any arguments we start based on ignorance or personal opinion…It just takes the fun out of it and kills the game.
Oh and by the way Mr @juststarting, Fuck You very much!! I spent a great many hours late last night wandering down a Furzey hole thanks to your recommendation…still a lil tiered today 
No one who lives near water can afford flood insurance, just like nobody near a tree can afford fire insurance anymore.
Not that any of that is your fault mate, just saying…
(Oh and yes i can read your deleted posts)
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me too and let me just say, nerd!!!
If you build on a “flood plain”, expect to be flooded…
If you build in the “bush”, expect bushfires…
Actually heard an interview the other day where someone finally admitted that the biggest culprit for causing the flash-flooding and higher than expected levels is the over-development of land.
The engineer they were speaking to mentioned the fact that a lot of housing development has totally changed the natural water flows by filling low lying land, piping creeks and diverting them from the natural flow direction. Then covering the land with roofs and roads which collect and concentrate the rainfall that would have otherwise soaked in. It has to go somewhere.
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Spot on i say!!
I can’t get into what we do now, but my understanding is that as an industry, the pricing models used to be very primitive, and didn’t consider these matters properly.
What this resulted in was people living in flood prone areas not paying enough, and people living in non flood plains paying too much for flood protection.
It sucks that people can’t afford the protection they need, but at the same time you’re never going to bet on a sure thing.
Then covering the land with roofs and roads which collect and concentrate the rainfall that would have otherwise soaked in.
I remember that urban hydrology was a huge topic area when I was doing my Civ Eng degree. The massive storm surge runoff issue is why new development areas usually have big swales for the runoff to accumulate in all over the place, especially near main roads.
Realised today that the dad of one of my junior staff is a well regarded gunsmith.
Spent a bit of time yacking about uncompleted projects when he dropped her off at work tonight.
Mad keen hunter, bow hunter & fisher…
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Given the current climate which would be the best option to do with some savings ?
- Leave it in the bank, just don’t donate to any protests that don’t align with the gov agenda (legit concern, look at Canada)
- Buy gold, missed the boat as prices are currently snoop dog high
- Buy night vision gear, because when your comms suddenly go dark and you want to see the strobes and lasers of the TRG coming to raid your house
- Take it out as cash and leave under the bed, the gov can make this worthless overnight if they wish
- Buy ammo, may retain value but not many guns in Australia to make it a viable trading currency
Hhhmmm I’ll just thin… nope.
Gold & Crypto… And enough guns & ammo to protect it from dirty thieves & the even dirtier gubment
Use it to move to the eastern states of freedomstan.
Invest the rest in precious metals.
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