This is true and will eventually happen.
It's a fucked up situation. The only way to prevent it is to deep nuke the entire island that's at the center of where the event will start. But there are people living there so you have a problem obviously.
Maybe the CIA can plant some WMD's there.
They said the massive tidal wave could nail everything coastal from Florida all the way to NYC.
That would be trillions of dollars of damage and thrust the entire world into instant chaos.
So even if the wave doesn't get you, the resulting chaos in the financial markets will.