The entire thing is ridiculous.
Oh, and that 12k year "geological cycle" (AKA random fluctuations that somebody got famous for mischaracterizing) is the weakest one without any visible consequences. The larger ones are much more interesting.
It's worse than that. The 12,000 years comes from "the duration of a full reversal" being "between 2,000 and 12,000 years" [1]. They took the duration of a phenomenon and mistook it for its frequency.
[1] https://en.wikipedia.org/wiki/Geomagnetic_reversal#History
There is also some discussion of "recurrent novae," faint and fast "dwarf novae," and simulations of triggering mechanisms that could produce nova-level energy releases from stars interacting with phenomena like interstellar dust clouds but I'm not sure if the scales of any of those match what the ancient peoples described or if the simulations results are even plausible.
Still an interesting theory imo.
1. https://www.scientificamerican.com/article/mystery-of-ancien...
This sounds completely implausible.