Nov 19

Due to a lot of work that needs to be done & upcoming events (incl. visitors) I’ll be presenting the news to you in the following way up until around Dec. 4.

This way you’ll still get fully updated, whilst I save many, many, many hours of work on the website.


U.S. Foreign Policy
America-Endless-War
Source: Cagle Post

- Ukraine Admits Its Gold Is Gone: “There Is Almost No Gold Left In The Central Bank Vault”:

Back in March we reported of a strange incident that took place just after the Ukraine presidential coup, namely that according to at least one source, “in a mysterious operation under the cover of night, Ukraine’s gold reserves were promptly loaded onboard an unmarked plane, which subsequently took the gold to the US.”  Needless to say there was no official confirmation of any of this taking place, and in fact our report, in which we mused if the “price of Ukraine’s liberation” was the handover of its gold to the Fed at a time when Germany was actively seeking to repatriate its own physical gold located at the bedrock of the NY Fed, led to the usual mainstream media mockery. Until now. In an interview on Ukraine TV, none other than the head of the Ukraine Central Bank made the stunning admission that “in the vaults of the central bank there is almost no gold left. There is a small amount of gold bullion left, but it’s just 1% of the gold reserves.”

- California Tells Court It Can’t Release Inmates Early Because It Would Lose Cheap Prison Labor:

Out of California’s years-long litigation over reducing the population of prisons deemed unconstitutionally overcrowded by the U.S. Supreme Court in 2010, another obstacle to addressing the U.S. epidemic of mass incarceration has emerged: The utility of cheap prison labor.

- Grubergate For Idiots (Such As American Voters): All You Need To Know In 2 Minutes:

Confused at just what Jonathan Gruber, friend (or not friend) of President Obama and Nancy Pelosi, said (and didn’t say)? Here is the two-minute idiot’s guide to the Obamacare architect (or not Obamacare architect)‘s controversial comments (and just who did and did not know him)…

GruberGate: “Senator” Obama Vs “President” Obama (Videos):

If you like your Jon Gruber “brightest minds from academia, that I have stolen ideas from liberally”, you can keep your Jon Gruber…

- Obama: I will send US troops to fight ISIS if they get nukes:

US President Barack Obama has, for the first time, admitted he would deploy US ground troops to Syria and Iraq to fight Islamic State – that is, if the extremist group obtained a nuclear weapon.

“If we discovered that [Islamic State] had gotten possession of a nuclear weapon, and we had to run an operation to get it out of their hands, then, yes,” Obama told reporters at a news conference in Brisbane, Australia, on Sunday. “I would order it.”

- Putin:’US wants to subdue Russia, but no one did or ever will':

The US has no plans to humiliate Russia, but instead wants to subdue it, Russian President Vladimir Putin has said, adding that no one had ever succeeded in doing so – and never will.

Speaking at a forum of the All-Russia Peoples’ Front in Moscow on Tuesday, the Russian leader said that history was not about to change, and that no one would manage to suppress the country.

Throughout history no one has ever managed to do so toward Russia – and no one ever will,” Putin said.

H/t reader squodgy:

As a side note: It is well known that radiation makes viruses (also harmful bacteria and other parasites) become more virulent:

- West Coast Scientists: Many animals on sea floor looking sick or dead — “Everything’s dying… Dead, dead, dead, and dead” — Experts investigate what’s killing sea urchins and cucumbers in Pacific Northwest — “Seeing things never previously observed” (PHOTOS):

National Geographic, Nov 17, 2014 (emphasis added): Urchins and cucumbers seemed to have escaped the ill effects of the virus until now. But in recent weeks, reports have started to come in that they too are dying along beaches in the Pacific Northwest, Hewson said… [He and his team are] studying the urchins and sea cucumbers that are already dying to see if the same killer is responsible.

- Experts: Seemingly benign virus on West Coast causing “ecological upheaval the likes of which we’ve never seen” — Very peculiar, different from all known viruses — Mutations could be helping it spread — Something may have recently caused it to go rogue… we’ve never seen anything like this — Why now, what changed to allow outbreak? (VIDEO):

NBC News (emphasis added): Scientists may have fingered the culprit responsible for a mysterious epidemic that has killed millions of starfish… the disease was a relatively common parvovirus found in invertebrates that rose to epidemic levels due to overpopulation, a genetic mutation or other unknown environmental factors.

PBS: Scientists… said it’s a virus that’s different from all other known viruses infecting marine organisms [and] don’t yet know what sparked the seemingly benign virus to transform into the perpetrator of what’s considered the largest marine disease outbreak ever…

- Big Win! Monsanto Reports $156 Million Loss in Q4 as Farmers Abandon GM Crops:

Are you invested in Monsanto stock like Bill Gates, who owns hundreds of thousand of Monsanto shares worth about $23 million? It might be time to pull out since the company just reported over $156 million in losses for the fourth quarter.

- Even McDonald’s Rejects New GMO Potato in French Fries:

Still Plenty of Reasons NOT to Eat There

- Here We Go Again: Demand For Subprime Debt Is “Out Of Control”:

As Kyle Bass once eloquently noted, the brevity of financial memory is about two years; and nowhere is that more clear than in the explosive resurgence of demand for new subprime-mortgage-backed products. As Scotsman Guide reports, some subprime lenders are reporting strong investor appetite for the once-reviled mortgage products (for borrowers with credit scores as low as 500 and with debt-to-income (DTI) ratios as high as 50 percent). “It’s out of control; it seems like there’s 10 times the amount of demand to buy this paper as there are borrowers that want the loans,” said one lender. As Bass may have also said “proceed with caution.”

- Approx. 100 t of sardines washed ashore in Pacific coastal area of Hokkaido again – Photos

- A Letter from the Norwegian Nobel Committee to Barack Obama:

You are the most undeserving Nobel Peace Prize winner since the odious, war-mongering Henry Kissinger. What company you keep! We were delusional dupes for giving the Peace Prize to him and you both. That is all. Now, back to “Lilyhammer.”

The Norwegian Nobel Committee
Drammensveien 19 NO-0255 OSLO
Norway

H/t reader squodgy:

“Here is one tale of how the Reypothecation might have taken place.

Of course, bankers, being honest, and politicians never lying, mixed with zionist israelis could never meld into planning and executing the biggest heist ever, under the guise of a false Arab terror plot whilst killing 3000 innocent Gentiles , just Gentiles (3000 jews were told not to turn up for work on 9/11) resulting in total surveillance of all the other gentiles on the planet carried out in the main by mossad connected security companies.

Also, isn’t it pure coincidence that the security at the Fukushima plant was also under the control of a mossad connected security firm..

http://cryptome.org/eyeball/gold-vault/gold-vault-frbny.htm

Don’t miss: - http://cryptome.org/eyeball/gold-vault/gold-vault-frbny.htm:

The gold vault in the Federal Reserve Bank New York is reportedly the largest gold depository in the world. Yet compared to other major gold vaults, such as the one at Fort Knox, it appears lightly secured. There are one or two guards at the loading dock which connects to the vault. Because the building is located in a dense urban area, its walls and entrances abut sidewalks without security barriers like those at other bullion depositories. The site of the building slopes such that the topmost levels of fve basements where the vaults are located directly adjoins two streets, albeit there are reinforced concrete walls with steel face plates as well as interior alarm systems protecting the hoard. (See note below on basement levels and wall thicknesses.)

Copies of the original 1922 construction drawings of the facility, publicly available at Avery Architectural Library, Columbia University, were obtained by Cryptome. A floor plan of a vault level is provided below.

- Wholesale Inflation Heats Up Due To Jump In Car, Food Costs, New Calculation Method:

Janet Yellen will be pleased… or not. Producer Price Inflation printed hotter than expected across all its various incarnations (good news, no deflation; bad news, no deflation excuse for The Fed). Ex Food-and-Energy prices rose 1.8% YoY (4-month highs), considerably more than the 1.5% expectations but surged 0.4% MoM – the most in 16 months. PPI Final Demand rose 1.5% YoY (1.3% exp). The rise in PPI appears driven by Food prices which are up 1.0% (the most since April) and Trade PPI (+1.5%) thanks to a 26.1% jump in margins for fuels and lubricants retailing (under new calculation methods) accounted for nearly 40% of the rise in final demand.#

- Hugh Hendry: “I Believe Central Bankers Are Terrified”:

“My premise hasn’t really changed since I published my paper explaining why I had become more constructive towards risk assets this time last year. That is to say, the structural deficiency of global demand continues to radicalise the central banking community. I believe they are terrified: the system is so leveraged and vulnerable to potentially systemic price reversals that the monetary authorities find themselves beholden to long only investors and obliged to support asset prices. However, I clearly confused everyone with my choice of language. What I should have said is that investors are perhaps misconstruing rising equity prices as a traditional bull market spurred on by revenue and earnings growth, and becoming fearful of a reversal, when instead the persistent upwards drift in stock markets is more a reflection of the steady erosion of the soundness of the global monetary system and therefore the rise in stock prices is something that is likely to prevail for some time.”

- Relentless US Journalist who has Seen and Felt the Boot of Israeli Fascism is Returning to Palestine for More:

Journalist Zebula “Sha” Hebert has been “shot at, stabbed, pepper sprayed, maced, tear-gassed, tased, arrested, detained, beaten, and interrogated” while conducting his work.  He knows what repression feels like, which is why he is undertaking a highly ambitious project: in the wake of the recent US-backed Israeli assault, Hebert will return to Palestine and spend a year in Gaza.  He will conduct interviews with Gazans, publish reports, and ultimately write a book about his findings and experiences, all to help amplify the voices of a trapped refugee population being brutalized by the world’s most powerful aggressors.

Hebert conducted an interview with Robert Barsocchini for Washington’s Blog, to elucidate and spread the word about his upcoming journalistic endeavor:

- Indonesia still performs ‘virginity tests’ on female police job applicants – HRW:

Indonesia’s practice of subjecting would-be female police officers to ‘virginity tests’ is “discriminatory and a form of gender-based violence,” that has to be stopped, Human Rights Watch says.

- ‘RT will soon be banned in Germany too’: Russian FM jokes at media conference:

The Russian FM known for his impeccable diplomatic skills, brightened the mood of the media conference held in Moscow after meeting with the German foreign minister. Both diplomats chuckled at the joke that was addressed to RT.

In my opinion another test of advanced technology (that will be used in the future against the people to make them accept the NWO):

- Chelyabinsk meteor #2? Massive flash over Russia’s Urals stuns locals & scientists:

An extraordinary bright orange flash has lit up the sky in Russia’s Sverdlovsk region in the Urals. While locals captured the massive ‘blast’ on numerous cameras, both scientists and emergency services still struggle to explain the unusual event.

- Kissinger Warns “We Need A New World Order”; Ukraine Should Forget Crimea & NATO:

Former U.S. Secretary of State Henry Kissinger says in an interview with Der Spiegel that there currently is an urgent need for a new world order, but its coming into being will be long and complicated. “There is the Chinese view, the Islamic view, the Western view and, to some extent, the Russian view. And they really are not always compatible,” he warns, adding that introducing anti-Russian sanctions was a mistake. He added that Ukraine should not hope to become a member of NATO in the foreseeable future, as the alliance will never vote unanimously for the accession of Ukraine.

- Game 8 – 2014 World Chess Championship – Viswanathan Anand vs Magnus Carlsen:

Reader squodgy sent this to me:

“Spotted in Canada”

Spotted in Canada

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Nov 18

- “Godfather” Of Abenomics Admits Japanese Policy “Is A Ponzi Game… Taxpayers May Revolt” (ZeroHedge, Nov 17, 2014):

Koichi Hamada is a special adviser to prime minister Shinzo Abe and one of his closest confidants. That makes his comments, as The Telegraph reports, even more stunningly concerning. Focusing his attention on the fact that Japan must delay the 2nd stage of its planned consumption tax hike – for fear of derailing the ‘recovery’ - Hamada unwittingly, it seems, explains the terrible reality behind the so-called “godfather” of Abenomics’ perspective on the extreme monetary policy he has unleashed…

Select stunning quotes that everyone should ignore and just BTFPonziD in Japan… Continue reading »

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Nov 18

- Abenomics Officially Leads Japan Into A Triple-Dip Recession – Weather Blamed; Nikkei Drops 600 Points, Back Below 17,000 (ZeroHedge, Nov 17, 2014):

AMARI: ABENOMICS HASN’T FAILED (so this was the expected outcome?)
SUGA: INVENTORIES, WEATHER, CONSUMER MINDSET CAUSED GDP FALL (nothing to do with record-high misery-index induced by crushing the currency of an energy-import-dependent nation?)

Japanese GDP fell for the 2nd quarter in a row making it official – as we warned a month ago – that Japan has entered a triple-dip recession. Againstr hope-strewn expectations that the rebound from a sales-tax-driven slump would create a magical 2.2% (annualized) expansion, Japanese GDP slumped 1.6% in Q3 – missing by the most since March 2011. So no tax increase… and thus fiscal responsibility goes out the window. Abe dissolves government and bails on another failure? The initial kneejerk reaction sent USDJPY surging back over 117.00 (and NKY followed) but that has quickly reversed and NKY futures are 600 off their highs (and S&P futures are back to last Monday’s lows).

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Nov 18

Particles_North_America

- US Nuclear Professor: Fukushima “a really major event here”, Washington had radioactive aerosols 100,000 times normal; “Far more bigger accident than we’re hearing” — Model shows West Coast completely blacked out due to particles covering area — Gundersen: Lung cancers to start increasing in Pacific Northwest (AUDIO) (ENENews, Nov 16, 2014):

Seattle Post-Intelligencer’s “Big Science Blog” by Jake Ellison, Nov. 13, 2014 (emphasis added): Tiny amount of Fukushima radiation reaches West Coast; does it worry you? A water sample taken in August from about 100 miles west of Eureka, California, has been found to contain a small amount of radiation from the 2011 Fukushima nuclear plant disaster… Basically, scientists say it’s nothing more than a curiosity or confirmation of models… but the rumors and fears surrounding radiation contamination are hard to dampen. This is the second time radiation from Japan has shown up on our shores. In March [2014], we reported: “A bit of cesium-134… has been detected in a soil sample taken from the beach… in British Columbia”

Some may recall that radioactive material from Japan has shown up on the shores of the Pacific Northwest even before March 2014 — actually about 3 years before: Continue reading »

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Nov 16

- Massive radiation spike at Fukushima: 40,000% increase below ground between Units 1 & 2 this month — Order of magnitude above record high set last year (ENENews, Nov 14, 2014):

TEPCO: Monitoring at the East Side of Fukushima Daiichi Unit 1-4 Turbine Buildings:

Groundwater pumped up from the well point (between Unit 1 and 2) Continue reading »

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Nov 15

fukushima - it seems like we are about to get killed

Kakusei_HA

- Fukushima Student: “It seems like we are about to get killed” — “Anyone, please, please save the lives of Fukushima people and children… Gov’t abandoned us… Japan is clearly going insane… Nothing has gotten better” (VIDEO) (ENENews, Nov 13, 2014):

IMDb – Kakusei: The Fukushima End (2014), Blondion Productions: Today the Japanese government assures its people of Fukushima’s safety and urges residents to move back. However, citizens are not convinced… Through the experiences of five individuals, this documentary reflects upon how culture has influenced the choices citizens make everyday, and how those have changed.

Closing scene from ‘Kakusei’:

  • Hikaru Abe, student in Soma, Fukushima (40 km north of Fukushima Daiichi) who stayed behind after his mother and younger brother evacuated: “Nothing has gotten better… The government was incapable to deal with issues, covered up information we needed and even put pressure on us. While many human errors were seen, people in Fukushima worked hard to move on with the support from all over the country. Fukushima is in the process of recovery. Our government abandoned us. Anyone, please, please save the lives of Fukushima people and children. Japan is clearly going insane. It seems like we are about to get killed. Please lend your strength to Fukushima.” Continue reading »

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Nov 15

fukushima-NHK-flow

- TV: Attempt to stop flow of highly radioactive liquid at Fukushima “in doubt” — AP: Much of it is pouring in trenches going out into Pacific — Experts: Amount entering ocean “increasing by 400 tons daily” — Problem “so severe” it’s consuming nearly all workers at site — Top Plant Official: “Little cause for optimism” (VIDEO) (ENENews, Nov 13, 2014):

NHK, Nov. 13, 2014 (emphasis added): Radioactive water may still be entering tunnels — [TEPCO] faces another challenge in its effort to address radioactive water at the complex. It says highly contaminated water may still be flowing from reactor buildings into adjacent underground tunnels even after a work to stem the flow ended. The water in the tunnels is believed to be leaking into the sea… the firm began work in April to stem the flow of radioactive water between the reactor buildings and the tunnels… TEPCO finished the work on November 6th. But workers found that water levels in the reactor buildings and the tunnels are still linked

ITAR-TASS, Nov 14, 2014: Radioactive water discharge from Fukushima Daiichi NPP into ocean continues; According to specialists, the volume of contaminated liquid that is leaking into the ocean is increasing by 400 tons daily — The repair operations… aimed at preventing radioactive water discharges into the ocean have yielded no result, the NPP operator [TEPCO] reported on Friday. The water… is still leaking into the NPP drainage system even after last week’s operations to stop the leak… [D]ue to the major damage of the plant’s infrastructure most of the water that is poured inleaks into the drainage system and gets into the ground waters and then into the Pacific Ocean… The radioactive contamination level in the ground waters, according to TEPCO, is very high… Continue reading »

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Nov 14

- Japanese doctors threatened for revealing data on how bad Fukushima-related illnesses have become — Gundersen: We had pregnant sisters in Tokyo deliver two dead babies and one with deformities that’s alive; Gov’t refuses to disclose miscarriages or stillbirths around Fukushima (AUDIO) (ENENews, Nov 12, 2014):

Excerpts from Nuclear Hotseat w/ Libbe HaLevy, Nov. 12, 2014 (at 33:15 in):

  • Nuclear expert Arnie Gundersen, Fairewinds Energy Education: We have firsthand knowledge from at least a half dozen Japanese doctors… who have said they have been threatened… if they speak frankly to their patients about the health effects that they’re experiencing; or if they frankly speak in public about their fears — and, in fact, measurements — of how bad radioactive illnesses really are. So we know of at least a half a dozen doctors who are being ‘sat on’, and if 6 are, you can be certain that many more are as well. It’s a pressure that’s being applied up and down the spectrum… [You would now expect] exactly what we’re seeing — earlier cancers and thyroid nodules. Then over the next 15 to 20 years, increased organ cancers as well as muscular cancers… The fact of the matter is, we’re going to see cancers in that 4 to 30 year time span. And I still stand by what I’ve been saying now for 3 years. I think there will be a million extra cancers as a result of Fukushima Daiichi. Continue reading »

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Nov 13

- Japanese man self-immolates protesting govt push to end 60 years of pacifism (RT, Nov 12, 2014):

A Japanese man has died after setting himself on fire in a central Tokyo park in what appears to be a protest against the country’s renunciation of its pacifist constitution and the prime minister’s military push.

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Nov 12

MEQ_2014

- Canadian scientists detect “significant” concentrations of radioactive material off West Coast, levels double in months since last test — Marine Chemist: “Much greater concern” over Fukushima releases that will be hitting shores of US & Canada; Lack of data “really disturbing” (AUDIO) (ENENews, Nov 11, 2014):

Department of Fisheries and Oceans Canada (pdf), Oct. 22, 2014 (emphasis added): Arrival of Fukushima radioactivity in North American continental waters… The radioactivity plume was transported northeastward towards North America by the Kuroshio Current… Water samples were collected… in June of 2011, 2012 and 2013 and February, 2014 on a line (Line P) extending to a location (Sta. P26), approximately 1500 km west of Victoria, BC… [W]ater samples collected in June, 2012 at Sta. P26 detected 134Cs at levels indicating the presence of contamination from the Fukushima nuclear reactor accident. The 2013 results revealed the presence of 134Cs in the upper 100 m along the entire length of Line P indicating that the Fukushima signal had fully arrived in Canadian territorial waters. Levels of Fukushima 137Cs were about 1 Bq/m3 in June, 2013 which is equivalent to previous background levels of 137Cs from atmospheric fallout. These levels had increased to values of about 2 Bq/m3 by February, 2014. These 137Cs concentrations are significant, but are several orders of magnitude below those that would be considered a threat to the environment or human health.

Call with Woods Hole Oceanographic Institution marine chemist Ken Buesseler, June 2014: Continue reading »

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Nov 12

- Top Headline: ‘Fukushima radiation identified off northern California’ — 50% of samples around West Coast test positive — 7.7 Bq/m3 of cesium near California shore, expected to keep rising for years to come (MAP) (ENENews, Nov 11, 2014):

Statesman Journal, Nov. 10, 2014 at 8:22a ET: Fukushima radiation identified off northern California — Low-level radiation from Japan’s Fukushima nuclear accident has been detected in multiple samples of ocean water off the Pacific Coast of the U.S. and Canada, the Woods Hole Oceanographic Institution is reporting. The sample nearest to shore was taken about 100 miles off the coast of Eureka, in Northern California… Massive amounts of contaminated water were released from the Fukushima Dai-ichi nuclear power plant… Radioactive water has continued to leak and be released from the complex… No state or federal agency is testing Pacific waters for radiation… [Ken Buesseler, a WHOI marine chemist] is looking for cesium-134, the so-called “fingerprint” of Fukushima…  He’s also looking for higher-than-background levels of cesium-137, another Fukushima isotope that already is present in the world’s oceans… Buesseler partnered with a group of volunteers on the research vessel ‘Point Sur’ to take a series of about 50 samples offshore, from Dutch Harbor, Alaska to Eureka. So far, about 20 of those samples have been analyzed, and 10 have been positive for cesium-134… Continue reading »

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Nov 08

- NYTimes: Doctors want ban on thyroid cancer screenings — “A tsunami of thyroid cancer… Stop the diagnosis… We need to actively discourage early detection” — WSJ: Judge rules nuclear reactors causing thyroid cancers — Study: Fukushima-related tumors can spread very fast, must be closely monitored (ENENews, Nov 7, 2014):

New York Times, Nov. 5, 2014 (emphasis added):  To the shock of many cancer experts, the most common cancer in South Korea… is now thyroid cancer, whose incidence has increased fifteenfold in the past two decades. “A tsunami of thyroid cancer,” as one researcher puts it… Cancer experts agree that the reason for the situation in South Korea and elsewhere is not a real increase in the disease. Instead, it is down to screening… “It’s a warning to us in the U.S. that we need to be very careful in our advocacy of screening,” said Dr. Otis W. Brawley, chief medical officer at the American Cancer Society… some doctors, including Dr. Hyeong Sik Ahn of the College of Medicine at Korea University in Seoul, the first author of the new paper, have called for thyroid cancer screening to be banned… Thyroid experts in the United States are calling for restraint in diagnosing and treating tiny tumors… Dr. R. Michael Tuttle… said the best way… was to “stop the diagnosisdecrease screeningContinue reading »

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Nov 08

In my opinion the elitists are doing everything through their (idiotic) puppets like Obama, Yellen, Abe etc. to cause an epic financial/economic collapse.

They control the banks, the media, the governments and most corporations.

If you doubt that, then you better start to follow the money and study the Rothschilds and their agents (the Schiffs, the Warburgs, the Rockefellers, the Morgans etc.).

The elitists were behind the French revolution (like it or not).

They were behind the Russian revolution.

They were behind WW I & WW II and now they a have the greatest economic/financial collapse in world history, civil war and WW III planned for us.

Never think that just because that their puppets act like f****** idiots that they haven’t planned all of this meticulously.

Again, never misunderestimate the elitists no matter how dumb their puppets actions may appear to you on the surface.

Nobody would play chess against Kasparov, Karpov, Fischer at the height of their creative power and underestimate their moves.

The people are playing chess against the elitists, but can’t even see the full board, nor all the moves by the elitists.

The only reason the people call their moves stupid is because that makes them feel better, when in reality they do not understand what is planned for them.


- Central Planners Are In A State of Panic (Peak Prosperity, Nov 6, 2014):

Japan’s black swan flaps its wings

The central planners are in a state of fear and panic.  They are trying everything and anything to create market validation for their policies, watching with trepidation as their favored economic metrics fail to respond to all of their frenzied efforts.

They are so far over the tips of their skis right now that there’s nothing they won’t do. They’ve summarily thrown granny under the bus because they have this idea that negative real interest rates are the cure.  The cure for what?  The massive amounts of debts and imbalances their prior policies caused.  So savers are punished in the pursuit of policy.  You know, ‘for the greater good’ and all that.

They’ve spurred the greatest wealth gap ever in US history, greater even than at the extremes of the Great Depression, apparently without the slightest concerns for Plutarch’s ancient admonition that “An imbalance between rich and poor is the oldest and most fatal ailment of all republics.” Continue reading »

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Nov 08

Florida_Milk

- Emergency radiation testing used at Democrat and Republican conventions after Fukushima; Also for Obama Inauguration — Seafood, meat, vegetables, milk, water checked for nuclear waste, while top officials agree to publicly downplay crisis — 80% of milk samples by Orlando, FL had ‘significant’ Cs-137 (ENENews, Nov 5, 2014):

New York State Department of Health’s Wadsworth Center, Aug. 2012 (emphasis added): The Wadsworth Center, which has already tested milk samples in preparation for the upcoming national political conventions, has now been asked to test additional samples of other foods from the sites during the conventions. In August and September, during the conventions… labs will test water, lettuce, orange juice and shrimp for radiological contamination. The labs will also be testing for… radiation in various meat products… These surveillance activities are part of the Food Emergency Response Network‘s (FERN) ongoing preparations for the Republican Convention… and the Democratic Convention… The labs will be testing foriodine-131 [Half life = 8 days], cesium-137 and other… sources of radiation. Should any contaminants be identified… laboratories across the nation could be called on to test large quantities of samples… Wadsworth’s initial role in the role in the political convention preparation exercises was to measure evidence of radioactive isotopes Iodine-131 and Cesium-137 in milk prior to the conventions. Continue reading »

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Nov 08

- Food products ‘heavily contaminated’ by Fukushima found in US; Over 30,000 pCi/kg of cesium, also had Cobalt-60 and Antimony-124 — FDA: We found no Fukushima contamination in US food supply during routine monitoring (ENENews, Nov 3, 2014):

Dr. Robert Metzger, Radiation Safety Engineering, Inc, American Chemical Society 2013 Meeting (emphasis added): Contamination of food imports to the United States in the early days after the Fukushima accident… Contaminated food imports into the US from Japan were first observed in our laboratory on March 30, 2011, with several products exceeding the FDA Derived Intervention Level (DIL) for Cesium and Iodine

Dr. Metzger’s presentation excerpts, Feb 8, 2014:

  • First observed food… contamination was found on March 30… a Sushi import was found to be contaminated with 131I
  • April 5, a shipment of Koji powder was… heavily contaminated with 60Co, 124Sb, 131I, 132Te, 134Cs and 137Cs… This, and subsequent samples, exceeded the FDA [DIL] Continue reading »

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Nov 05

kuroda_0

“Japan’s Debt Market Could Crash In Ways That Make The Collapse Of Lehman Look Like A Warm-up” (ZeroHedge, Nov 4, 2014):

While it is remarkable that the same media organization that a week ago was fawning over the rotting carcass of Keynes’ disastrous economic legacy, can today issue a warning that “Japan Creates World’s Biggest Bond Bubble”, we have long since given up being surprised by things that make absolutely zero sense in the New Abnormal.

So here is William Pesek with a less than Keynesian view on why Banzainomics’ very own Kuroda-san will be regarded as either a genius or a madman in a decade. Spoiler alert: it won’t be “genius.” Continue reading »

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Nov 05

SUICIDE-GUN


- It’s Currency War! – And Japan Has Fired The First Shot (Economic Collapse, Nov 3, 2014):

This is the big problem with fiat currency – eventually the temptation to print more of it when you are in a jam becomes too powerful to resist.  In a surprise move on Friday, the Bank of Japan dramatically increased the size of the quantitative easing program that it has been conducting.  This sent Japanese stocks soaring and the Japanese yen plunging.  The yen had already fallen by about 11 percent against the dollar over the last year before this announcement, and news of the BOJ’s surprise move caused the yen to collapse to a seven year low.  Essentially what the Bank of Japan has done is declare a currency war.  And as you will see below, in every currency war there are winners and there are losers.  Let’s just hope that global financial markets do not get shredded in the crossfire. Continue reading »

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Nov 04

kuroda_0

- Japan’s Monetary Pearl Harbor  (Of  Two Minds, Nov 2, 2014):

Trying to “fix” a sclerotic, inefficient state-cartel economy by boosting inflation–the ultimate goal of Japan’s Monetary Pearl Harbor– is a self-liquidating path to destruction.

The Bank of Japan’s surprise expansion of financial stimulus strikes me as the monetary equivalent of Pearl Harbor –not in the sense of launching a pre-emptive war (though the move does raise the odds of a global currency war), but in the sense of a leadership pursuing a Grand Strategy to the point of self-destruction because they have no alternative within their intellectual and political framework.

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Nov 04

- Signs and Wonders (Kunstler, Nov 3, 2014):

“Holy smokes,” Janet Yellen must have barked last week when Japan stepped up to plug the liquidity hole left by the US Federal Reserve’s final taper trot to the zero finish line of Quantitative Easing 3. The gallant samurai Haruhiko Kuroda of Japan’s central bank announced that his grateful nation had accepted the gift of inflation from the generous American people, which will allow the island nation to fall on its wakizashi and exit the dream-world of industrial modernity it has struggled through for a scant 200 years. Continue reading »

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Nov 03

kuroda_0

- The Experiment that Will Blow Up the World (Acting Man, Oct 31, 2014):

The BoJ Goes Even Crazier

It has been clear for a while now that the lunatics are running the asylum in Japan, so perhaps one shouldn’t be too surprised by what happened overnight. Bloomberg informs us that Kuroda Jolts Markets With Assault on Deflation Mindset.

The policy hasn’t worked so far, in fact, it demonstrably hasn’t worked in Japan in a quarter of a century. Therefore, according to the Keynesian mindset, we need more of it. Mr. Kuroda therefore delivered a surprise spiking of the punchbowl that immediately impoverished Japan’s consumers further by causing a sharp decline in the yen: Continue reading »

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