Following yesterday’s collapse in the Nikkei, when a 4% drop pushed it red for the year below 17,000, down 20% from a high of 21,000 hit just over a month ago, we had just one question for Japan’s pension fund “fudiciaries” who have been “greatly rotating” out of bonds for the past few years as the primary sources for BOJ debt monetization, dumping trillions in fixed income yen, and promptly buying up equities: equities which have gone nowhere in 2015, and which have posted massive losses in the third quarter. The question was:
What are Japan’s pension fund losses after the Nikkei wipeout from 21k to 17K?
With Abenomics seemingly a total failure (aside from managing to collapse the currency and living standards of the population – worst Misery Index in 33 years) the demographic crisis that Japan faces just got more crisis-er. As Japan’s population continues to fall (4th year in a row), what makes the situation worse, as NHKWorld reports, is that there are now a record 33.8 million people over the age of 65 (a record 26.7%), more than double the number under the age of 14 (16.2 million). The ministry says the population will likely continue declining for some time as fewer babies are born and society ages… and as America is beginning to see as retirement dream remain elusive, the number of working elderly increased for 11 years in a row to reach a new record figure of 6.81 million in 2014.
Actually, scratch that: Daiwa is downright apocalyptic.
“Of all the possible risk scenarios the meltdown scenario is, realistically speaking, the most likely to occur. It is actually a more realistic outcome than the capital stock adjustment scenario. If China’s economy, the second largest in the world, twice the size of Japan’s, were to lapse into a meltdown situation such as this one, the effect would more than likely send the world economy into a tailspin. Its impact could be the worst the world has ever seen.”
(San Francisco) September 5, 2015 – Good Day, this is “Your Radiation This Week.” These are the recorded Radiation Highs that affected people this week around the United States and in your neighborhood. Let’s get right to it.
RADIATION CPM* COMPARISON CITY STATE
Colorado Dust Storm
*Listed in Counts per Minute, a Count is One Radioactive Decay Registered by the Instrument.
All Radiation Counts reported are partial Counts. Uncounted types of radiation include Alpha, Beta, Gamma, Neutron and X-Ray radiation. Uncounted radiation, if added, makes the actual Count higher and more dangerous.
The highest radiation reporting city is listed first, the least radioactive city is listed last. Still, all reporting cities are above normal. Continue reading »
In the aftermath of the nuclear disaster at the Fukushima Daichi Nuclear Power Plant in Japan, it’s hard to fathom or describe the environmental damage to the Earth, because it eclipses all prior nuclear accidents by such a huge margin. In the four years now since the earthquake caused the breakage of critical reactor cooling apparatus and plumbing to the point where the plants were not able to sustain or maintain the nearly one million gallons per reactor per minute, needed to cool them, the continued exposure to the entire world has continued unabated, unchecked. Adequate cooling flow to prevent what is truly a “China Syndrome” (see the film starring Jane Fonda), was not possible even had the cooling system at Daichi survived the earthquake event.
At Daichi, where a reactor meltdown of no less than ‘3’ operational reactors–which incidentally were fueled up with MOX fuel, a highly unstable form of nuclear fuel that not only mandates total cooling control, but ensures disastrous results if such cooling ‘fails’ as was the case in March of 2011 in Japan–we had a situation whereupon these ‘3’ reactors were overheated beyond cooling within minutes. By the time the tsunami hit the plants, these reactors were in very dire condition and the fuel had already overheated and breaching their containment vessels, to the point of no return. I have studied literally hundreds of photos of the aftermath damage to the facility, and come to the conclusion that indeed, Unit #3 detonated in a ‘prompt uncontrolled criticality’ (nuclear explosion) and effectively destroyed the spent fuel pool at Unit #4 when it did so. Continue reading »
The narrative of the omnipotent central banker continues to be questioned with China’s inability to save its own market the latest incarnation of investors losing faith. Nowhere has the religious zealotry been more fervent than in trading Japanese stocks where Abe and Kuroda have broken every independent rule in their manipulation of wealth-giving stocks. However – it appears their time is up, as Bloomberg reports, foreigners dumped 1.43 trillion yen of Japanese equities in the three weeks through Aug. 28, Tokyo Stock Exchange data updated Thursday show. That’s the most for any three-week span on record, overtaking the period when Bear Stearns Cos. collapsed in 2008.
“On the World economy, this is a huge story, and if it does happen, the US dollar will lose one of its most stalwart supporters, Japan.
If Japan adopts the electronic currency no media will discuss (regardless most nations now use it in lieu of the US dollar), and join with the east in direct trade, leaving the dollar out, the US dollar will be down to itself (the USA) and the struggling Euro zone.
This would be a huge blow for the power of the dollar. Until Fukushima, Japan was the biggest US lender and dollar holder……..
The Japan Bank for International Cooperation (JBIC) says the country is leaning towards direct ruble-yen currency swaps, as Western sanctions are making it difficult to conduct business using US dollar transactions.
“We’re now studying that [the effects of ruble devaluation]. We need some of the swap arrangements with the local banks. We are elaborating opportunities with Russian banks such as Gazprombank, VTB, VEB… Because of the US sanctions, we cannot use the US dollar anymore, we have to switch to other currencies,” JBIC’s senior managing director Tadashi Maeda told Sputnik news agency on Thursday on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok. Continue reading »
In case you aren’t up to speed on your Japanese history, the nation’s post WWII Constitution prohibits military action unless it’s in self-defense. Clearly a sensible approach, which is why the current Japanese government, led by the demonstrably insane and incompetent Prime Minister Shinzo Abe, wants to get rid of it.
This story is very important. Not only will this action increase the likelihood of World War III in the far east, but it’s another important example of a government acting against the will of the people.
Polling has indicated the Japanese public is against a pivot toward militarization and war, but Prime Minister Shinzo Abe is pushing forward nonetheless. In fact, the current legislation to allow overseas military intervention has already passed the lower house of government. This prompted many Japanese to emerge from their decades long political apathy and get out into the streets. It’s estimated these protests were the largest in recent memory. Continue reading »
30 dead large whales have been found since May 2015, along the Western Gulf of Alaska and southern shoreline of the Alaska Peninsula. Simultaneous increase in the number of large whale strandings in British Columbia, Canada, got the scientists on both ends to start an active investigation. The “Unusual Mortality Event” (UME) for large whales has been declared for the first time on Alaska.
An unusually high number of large whale deaths has been reported across the Western Gulf of Alaska, in the regions around Kodiak Island, Afognak Island, Chirikof Island and the Semidi Islands, and along the southern shoreline of the Alaska Peninsula. 11 fin whales, 14 humpback whales, one gray whale and four unidentified whale species have been found dead in the Western Gulf of Alaska.
The first whale death was reported in Marmot Bay on Kodiak Island, on May 23, 2015 and large whale strandings have continued since. This series of large whale deaths have been declared as an “Unusual Mortality Event” (UME), the National Oceanic and Atmospheric Administration (NOAA) reported.Continue reading »
When Japan decided it was going to begin the process of restarting many of their mothballed nuclear reactors last week, there was certainly cause for alarm. After all, it’s not unheard of for a nuclear reactor to run into problems shortly after being started. When Japan made this announcement, The World Nuclear Association noted that “Of 14 reactors that resumed operations after four years offline, all had emergency shutdowns and technical failures.” So it’s safe to say that when 25 Japanese plants applied for restart permits, the international community was a little worried.
Now it appears that some of those fears have been validated, though not in the way most people were expecting. The Sendai nuclear power plant was the first of those reactors to be restarted on Tuesday, an event which couldn’t have come at a worse time. A volcano near the plant appears ready to blow its top. Continue reading »
In case last week’s deadly chemical explosion in the Chinese port of Tianjin wasn’t enough to satisfy your thirst for black swan-ish disasters that could serve to accelerate the ongoing global currency wars, Japan is now warning that Sakurajima, one of the country’s most active volcanos which sits just 50 kilometers from a recently restarted nuclear reactor, is poised for a “larger than usual” eruption.
Minutes from the ECB’s most recent policy meeting reveal that Mario Draghi and company have a number of concerns about the pace of economic growth in the euroarea and about the outlook for inflation which, much to the governing council’s surprise, “remains unusually low.”
Board members also took note of increasingly volatile EGB markets and made special mention of the second bund VaR shock which took place at the first of June, something the central bank attributes to “overvaluation [and] one?way market positioning related to the public sector purchase programme.” In other words: “our bad.” Continue reading »
Interview with NHK journalist Morley Robertson, by the Center for Remembering 3.11, published Jun 30, 2012 (emphasis added): I begin with the radiation leakage. Radiation leakage exerts a long term effect on the environment. It contaminates our food chain, the groundwater and the ocean. And the contaminated seawater will circulate around the globe. We never know how much this will impact on the environment… We’ll never able to study such issues with empirical certainty… [Due to nuclear testing] we have already accumulated “hidden losses” of radiation damage… how much is the [Fukushima] cesium in relation to that?… I believe we should enjoy delicious food rather than worrying about the food. I enjoyed the town’s delicacy… I didn’t mind about how the beef was produced or where it came from. As long as it is tasty, it is no problem for me. With regard to radiation, I have become more optimistic. My hypothesis is that it’s no use worrying about radiation. For people in Fukushima, they have a lot to worry about their future, like damaged reputation… One reason why we have relied on nuclear plants is because we didn’t know about the facts… We need to face the facts… Rad-waste from the nuclear cycle is said to be unsolvable even after 2.5 million years. Continue reading »
Gay Sheffield, NOAA Sea Grant (US Dept. of Commerce) marine advisory agent, July 2014 at 31:00 in (emphasis added): “I’m here in Bering Strait and I know there’s people [on this call] from all over the state, so they may not be familiar with some of our events. Right after Fukushima blew, we had, and still sort of have… an unusual mortality event with four species of seals in this region, all the way from Bristol Bay, up to Barrow (the Russian side), and all the way into Canada… A lot of people were curious, because we have never been able to find an infectious disease. A lot of people were concerned and worried that this Fukushima radiation had some effect… Fukushima is a big concern in this region… Fukushima is always on people’s minds… Here’s the cover of the Nome Nugget, that’s our newspaper here, and the top story was the lack of radiation monitoring was really annoying people — that we had nothing, nothing was being done. It was a concern all the time on people’s minds — with the seals, with the birds, and what not… it was making the front news of the paper. I hope that lets others know that the concern people have in Western Alaska… it’s a big thing.”
Whales have been dropping like flies in the Gulf of Alaska. Approximately nine whale carcasses were sited in late May and early June. Now, fisherman have spotted five more decomposing whales, a fin whale and four humpbacks, to add to the death toll.
The first two whale deaths reported in May sparked a flurry of attention from government agencies, including the Marine Mammal Stranding Network, Alaska Department of Environmental Conservation, NOAA, the U.S. Fish and Wildlife Service and the Alaska Department of Fish and Game. Continue reading »