“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 »
A heat wave that has already killed dozens and sickened thousands in Japan reached ominous thresholds Wednesday as new heat records for intensity and duration were set in Tokyo and other Japanese cities.
Tokyo reached 35.1 degrees Celsius (95.2 degrees Fahrenheit) Wednesday, marking its fifth consecutive day of highs at or above 35 C (95 F). According to the Asahi Shimbun newspaper, this set a new all-time record for the most consecutive days at or above that threshold since records began in central Tokyo in June 1875. The city had already reached 35.1 C by 10:53 a.m. local time Thursday, according to preliminary JMA data, extending the streak to a sixth day. Continue reading »
Tepco handout (pdf), summary translation by Fukushima Diary, Jul 21, 2015 (emphasis added): Tepco announced Fukushima plant area has irregularly sunk since 311… The report reads Reactor 1 turbine building sank by 730 mm [2.40 ft], Reactor 2 by 725 mm, Reactor 3 by 710 mm, Reactor 4 by 712 mm.
IAEA Headquarters (pdf), 2015: We know that the buildings will decay and become less stable… there is the dilemma of 1) gathering more information… and 2) acting earlier and maybe not having enough information to make good decisions. Continue reading »
Attorney Charles Bonner, representing US service members exposed to Fukushima fallout, Jul 21, 2015 (at 10:45 in): We now have a 250+ young sailors with all kinds of illnesses, we’ve had three die. We had one of the sailors who came home and impregnated his wife. They gave birth to a little baby born with brain cancer and cancer down the spine, lived for two years, and just died in March of this year.
Q&A with Charles Bonner, Jul 21, 2015 (at 4:45 in): I was just interviewed by some reporter about this case, he said, “Now, I want to interview you about this case and the current status of your lawsuit — but, you all have won, so do I have anything to worry about? Do I have to look over my shoulder if I do this story, if I publish this story?” I said, “Yeah you do.” Because trillions of dollars do not go away easily. It’s amazing that people are afraid to even do a story on this because they’re afraid of these corporations. Continue reading »
Just as Japan thought they could go back to pre-Plaza Accord growth rates by holding on to the old ways in the 1990s, the Chinese will expect the growth miracle to return in 2016 with the “right” policies. It will not. It is all a mirage though. Just as in Japan, the Chinese will not allow the market process to do its magic to get the economy back on a stable footing. Draconian measures to stop the recent stock market rout are a clear testimony of that. In other words, the Chinese economy will resemble that of Japan, and it will do so very soon, if it is not already there. China is heading straight into a zero growth environment, and will be mired there for years to come.
When the United States defeated Japan at the end of World War Two, they pretty much made the island nation their own little colony. They occupied the country, built military bases on their sovereign territory, and influenced the drafting of their postwar constitution. More importantly, the Japanese relinquished their right to wage war due to Article 9 of their constitution, and handed over the defense of their nation to the United States. The English translation of that article reads: Continue reading »
NHK, Jul. 16, 2015 (emphasis added): Radioactive water from Fukushima plant escapes — The operator of the crippled Fukushima Daiichi nuclear plant has found that radioactive water has overflowed from a drainage channel, spilling into the sea. This is due to heavy rain… samples taken from the channel about 2 hours later contained 830 becquerels per liter of radioactive cesium [and] 1,100 becquerels of beta-ray emitting radioactive substances. An approaching typhoon has been bringing intermittent heavy rain around the plant. The utility suspects that the rain has washed away mud and soil that also contains radioactive materials. It also presumes the amount of rainwater has exceeded the pump’s capacity. The leak was continuing as of 5 PM. But the firm says it cannot stop the spill anytime soon… Continue reading »