A Nobel prize winning economist, former chief economist and senior vice president of the World Bank, and chairman of the President’s council of economic advisers (Joseph Stiglitz) says that the International Monetary Fund and World Bank loan money to third world countries as a way to force them to open up their markets and resources for looting by the West.
Do central banks do something similar?
Economics professor Richard Werner – who created the concept of quantitative easing – has documented that central banks intentionally impoverish their host countries to justify economic and legal changes which allow looting by foreign interests. Continue reading »
On Tuesday junk bonds continued to crash, the price of oil briefly dipped below 28 dollars a barrel, Deutsche Bank was forced to deny that it is on the verge of collapse, but the biggest news was what happened in Japan. The Nikkei was down a staggering 918 points, but that stock crash made very few headlines in the western world. If the Dow had crashed 918 points today, that would have been the largest single day point crash in all of U.S. history. So what just happened in Japan is a really big deal. The Nikkei is now down 23.1 percent from the peak of the market, and that places it solidly in bear market territory. Overall, a total of 16.5 trillion dollars of global stock market wealth has been wiped out since the middle of 2015. As I stated yesterday, this is what a global financial crisis looks like.
Just as we saw during the last financial crisis, the big banks are playing a starring role, and this is definitely true in Japan. Right now, Japanese banking stocks are absolutely imploding, and this is what drove much of the panic last night. The following numbers come from Wolf Richter… Continue reading »
The Trans Pacific Partnership (TPP) would be horrible for Americans and the people of the world.
But most politicians are thoroughly corrupt. Neither the Democratic or Republican parties represent the interests of the American people. Both parties ignore the desires of their own bases.
As bad as the month of January was for the global economy, the truth is that the rest of 2016 promises to be much worse. Layoffs are increasing at a pace that we haven’t seen since the last recession, major retailers are shutting down hundreds of locations, corporate profit margins are plunging, global trade is slowing down dramatically, and several major European banks are in the process of completely imploding. I am about to share some numbers with you that are truly eye-popping. Each one by itself would be reason for concern, but when you put all of the pieces together it creates a picture that is hard to deny.
The global economy is in crisis, and this is going to have very serious implications for the financial markets moving forward. U.S. stocks just had their worst January in seven years, and if I am right much worse is still yet to come this year.
The following are 22 signs that the global economic turmoil that we have seen so far in 2016 is just the beginning… Continue reading »
Last August, in a hilarious example of bad timing, Japan restarted its first nuclear reactor since the Chernobyl redux at Fukushima just as a nearby volcano was set to erupt.
Sakurajima, one of the country’s most active volcanos, erupts almost constantly, but experts warned the next eruption could be “the big one”, so to speak. Continue reading »
As extensively discussed yesterday in the aftermath of the BOJ’s stunning decision to cut rates to negative for the first time in history (a decision which it appears was taken due to Davos peer pressure, a desire to prop up stock markets and to punish Yen longs, and an inability to further boost QE), there will be consequences – some good, mostly bad.
As Goldman’s Naohiko Baba previously explained, NIRP in Japan will not actually boost the economy: “we do have concerns about the policy transmission channel. Policy Board Member Koji Ishida, who voted against the new measures, said that “a further decline in JGB yields would not have significantly positive effects on economy activity.” We concur with this sentiment, particularly for capex. The key determinants of capex in Japan are the expected growth rate and uncertainty about the future as seen by corporate management according to our analysis, while the impact of real long-term rates has weakened markedly in recent years.” Continue reading »
“… When stocks are falling this much, it’s hard to justify not acting”
“… Davos – where he mingled with central bankers such as ECB President Mario Draghi and leading company executives – likely prompted him to pull the trigger”
Punjab authorities have closed down schools from Jan 26 to 31 because of biting cold, a private TV channel reported.
Life is almost paralysed by the biting cold in nine upazilas of the district. The poor are burning hay and fallen leaves to keep them warm.
Nine deaths believed to stem from hypothermia reported in Bueng Kan, Nakhon Phanom, Tak, Rayong and Udon Thani provinces.
Along with severe cold
In addition, the accompanying low temperatures have caused disasters for farmers across the nation.
Buffaloes have recently died due to the extremely cold weather.
Guangzhou residents were excited Sunday to observe snow falling in their subtropical city for the first time in 88 years.
Schools light bonfires, army readies help
People and livestock in upland areas of northeastern Laos are struggling with the freezing cold.
Okinawa’s main island in southwestern Japan gets its first measurable snowfall in history.
In the south, sleet fell on Amami Oshima Island for the first time since 1901. Residents there usually enjoy temperatures of around 17 degrees Celsius this time of year.
H/t reader squodgy:
“5 years & an ever increasing frequency of mass die-offs is slowly but irrevocably pointing fingers towards the continuous dumping of galactic amounts of extinction level radioactive water into the Pacific by the Fukushima Tepco/US/Japanese Government & the World Nuclear lobbyists…yet they still whitewash it all…
It is being referred to as Cthulhu-geddon.
Squid have washed up on Santa Maria Island off Chile this week in what some have described as biblical proportions. Thousands of dead and dying squid are piled up on the shore. While some squid normally do wash up this time of year, it’s never been in this large of a quantity.
“It’s difficult to see the fall stopping today,” warned one Japanese equity strategist and rightly so as Japan’s broad TOPIX idnex just entered a bear markets (down 20% from the August 2015 highs). With the Nikkei well below 17,000, Kuroda is due to speak at the Diet today as Japanese corporate bond risk surges to 20-month highs.
TOPIX enters Bear Market
And now the Nikkei:
- *JAPAN’S NIKKEI 225 EXTENDS DECLINE FROM JUNE HIGH TO 20%
And Japanese corporate bond risk is surging – up 3.5bps to 87bps – the highest in 20 months… Continue reading »
Feb 9, 2014
Author and Pediatrician Helen Caldicott takes time out of her busy schedule to join me to discuss the unfolding events at the Fukushima Daiichi nuclear power station in Japan. Fukushima was devastated by a massive earthquake on March 11, 2011 which led directly to a massive failure causing hydrogen explosions which blew the roof off of at least two of the reactor buildings. Tepco and the Japanese government have understated the radiation dangers and the dire reality of the situation from day one.
Helen says, at this point there is no “best case scenario” for Fukushima, just worsening degrees of horror because it’s scientifically impossible to clean up what has already occurred. And with thousands of spent fuel rods and thousands more active rods still in the fuel pools of the damaged reactor buildings, the worst case scenario – if another major earthquake hits the area – is an ecological nightmare of biblical proportions for everyone living in the Northern hemisphere.
As if the Japanese government would give us the correct numbers.
Fukushima radiation just off the North American coast is higher now than it has ever been, and government scientists and mainstream press are scrambling to cover-up and downplay the ever-increasing deadly threat that looms for millions of Americans.
Following the March 2011 meltdown at Japan’s Fukushima Daiichi nuclear power plant, reactors have sprayed immeasurable amounts of radioactive material into the air, most of which settled into the Pacific Ocean. A study by the American Geophysical Union has found that radiation levels from Alaska to California have increased and continue to increase since they were last taken.
The highest levels yet of radiation from the disaster were found in a sample taken 2,500 kilometers (approx. 1,550 miles) west of San Francisco.
“Safe” according to whom?
Lead researcher Ken Buesseler of Woods Hole Oceanographic Institution was one of the first people to begin monitoring Fukushima radiation in the Pacific Ocean, with his first samples taken three months after the disaster started. In 2014, he launched a citizen monitoring effort – Our Radioactive Ocean – to help collect more data on ocean-borne radioactivity.
The researchers track Fukushima radiation by focusing on the isotope Cesium-134, which has a half-life of only two years. All Cesium-134 in the ocean likely comes from the Fukushima disaster. In contrast, Cesium-137 – also released in huge quantities from Fukushima – has a half-life of 30 years, and persists in the ocean, not just from Fukushima, but also from nuclear tests conducted as far back as the 1950s.
The most recent study added 110 new Cesium-134 samples to the ongoing studies. These samples were an average of 11 Becquerels per cubic meter of sea water, a level 50 percent higher than other samples taken so far.
Instead of presenting the findings as an alarming sign of growing radiation, however, Buesseler emphasizes that the Cesium-134 levels detected are still 500 times lower than the drinking water limits set by the U.S. government. The news site The Big Wobble questions whether Buesseler and Woods Hole’s heavy financial reliance on the U.S. government – Woods Hole has received nearly $8 million in research funding from several government agencies – plays any role in this emphasis.
Situation still worsening
The reality, however, is that radiation along the West Coast is expected to keep getting worse. According to a 2013 study by the Nansen Environmental and Remote Sensing Center in Norway, the oceanic radiation plume released by Fukushima is likely to hit the North American West Coast in force in 2017, with levels peaking in 2018. Most of the radioactive material from the disaster is likely to stay concentrated on the western coast through at least 2026.
According to professor Michio Aoyama of Japan’s Fukushima University Institute of Environmental Radioactivity, the amount of radiation from Fukushima that has now reached North America is probably nearly as much as was spread over Japan during the initial disaster.
The recent Woods Hole study also confirmed that radioactive material is still leaking into the Pacific Ocean from the crippled Fukushima plant. Cesium-134 levels off the Japanese coast are between 10 and 100 times higher than those detected off the coast of California.
Without directly challenging the U.S. government’s “safe” radiation limits, Buesseler obliquely references the fact that any radioactive contamination of the ocean is cause for concern.
“Despite the fact that the levels of contamination off our shores remain well below government-established safety limits for human health or to marine life,” he said, “the changing values underscore the need to more closely monitor contamination levels across the Pacific.”
“To be sure, there is nothing to stop Chinese warships from sailing through under international law, but they will have to do so in within the crosshairs of Japanese missiles.”
Former Official: Fukushima is “unstoppable”… Huge amounts of radiation are pouring out, “very serious” for Pacific Ocean — Journalists withholding shocking information — Plant Chief: “This is something that has never been experienced”… We must invent new science for unprecedented catastrophe (AUDIO)
– Former Official: Fukushima is “unstoppable”… Huge amounts of radiation are pouring out, “very serious” for Pacific Ocean — Journalists withholding shocking information — Plant Chief: “This is something that has never been experienced”… We must invent new science for unprecedented catastrophe (AUDIO)
– Mother from Fukushima: It was very weird… plants with huge, huge flowers and gigantic stems — I brought deformed vegetables for radiation measurement, but officials didn’t test any and yelled “Don’t you understand? We say it’s safe!” — “All the beetles were disfigured and died”
Journalist: “Nobody even talks about Fukushima anymore… there’s almost no more fish… the ocean is dying, it’s terrifying” — Gov’t warns public to expect alarming increase in deaths on West Coast — “Fish… are just too hard to find” — “Chaos below the surface” — Official: “We are preparing for worst” (VIDEO)
– Journalist: “Nobody even talks about Fukushima anymore… there’s almost no more fish… the ocean is dying, it’s terrifying” — Gov’t warns public to expect alarming increase in deaths on West Coast — “Fish… are just too hard to find” — “Chaos below the surface” — Official: “We are preparing for worst” (VIDEO)
How bad was Fukushima blown away? So bad that an entire section of Japan had to have the first three inches of top soil stripped from the ground by workers, countless numbers of which have died, and these people who have died were Japan’s homeless, who were pulled from the streets by the Israeli controlled Yakuza mafia and forced to work until the radiation killed them.
NHK World, Dec 9, 2015: Radiation spikes in Fukushima underground ducts — The operator of the Fukushima Daiichi nuclear power plant says levels of radioactivity in underground tunnels have sharply risen. Tokyo Electric Power Company has detected 482,000 becquerels per liter of radioactive cesium in water samples taken from the tunnels on December 3rd. That’s 4000 times higher than data taken in December last year. The samples also contained 500,000 becquerels of a beta-ray-emitting substance, up 4,100 times from the same period… They plan to investigate what caused the spike in radiation. Continue reading »
Could this possibly be true?
If so, then what I’ve warned about continuously (see related info down below) has become a reality a long time ago and TEPCO, our governments and the press would have completely lied about it, pretending that TEPCO was in the process of removing the fuel rods from the Fukushima reactor unit 4 SFP. It’s quite ‘difficult’ (or should I say ‘easy’?) to remove something that isn’t there anymore.
But then radiation levels all over the northern hemisphere should have been skyrocketing? And nobody noticed (400.000 kg of hot plutonium being released to the atmosphere)?
Am I missing something here?
We reported in 2011 that the International Atomic Energy Commission knew within weeks that Fukushima had melted down … but failed and refused to tell the public.
The same year, we reported in 2011 that the U.S. knew within days of the Fukushima accident that Fukushima had melted down … but failed to tell the public.
We noted in 2012:
Now, a declassified report written by the U.S. Nuclear Regulatory Commission on March 18, 2011 – one week after the tidal wave hit Fukushima – states:
The source term provided to NARAC was: (1) 25% of the total fuel in unit 2 released to the atmosphere, (2) 50% of the total spent fuel from unit 3 was released to the atmosphere, and (3) 100% of the total spent fuel was released to the atmosphere from unit 4.
NARAC is the the U.S. National Atmospheric Release Advisory Center, located at the University of California’s Lawrence Livermore National Laboratory. NARAC “provides tools and services that map the probable spread of hazardous material accidentally or intentionally released into the atmosphere“.
The fuel pools at Units 3 and 4 contained enormous amounts of radiation.
For example, there was “more cesium in that [Unit 4] fuel pool than in all 800 nuclear bombs exploded above ground.”
The leakage of water from these cores is bad enough but the most dangerous thing is the cooling pool of unit 4. Now it is terribly dangerous because the entire hot core of reactor 4 had been removed and put in this cooling pool shortly before the tsunami. So, there was a hot core in this cooling pool the entire superstructure building was blown off in a hydrogen explosion.
The entire area is weakened and there is a great risk of an aftershock. Now this pool contains something on the order of 400.000 kg of hot plutonium. So, the thing that people should be aware of is that TEPCO is going to begin attempting to remove these rods from this pool to some other type of storage. This has never been done with plutonium rods that have been out of a core for such a short period of time.
There is a great danger of a thermonuclear reaction if these rods become exposed to the air and the cooling pool itself is just barely containing the temperature levels of the core as it is.
The media coverage of the situation has been almost non-existent. The public must become engaged and the governments must become engaged because this is a global threat. They say that one microgram of plutonium could theoretically kill a person.
There are billion micrograms in a kilogram and there are 400.000 hot kilograms in this pool. So, if these rods combust, if the set of rods begins a thermonuclear reaction, it will vaporize the water in the pool and the entire pool can become an uncontrolled nuclear reaction open to the air. These particles will be spread through the northern hemisphere. Continue reading »
Higher numbers of ocean sites along the US West Coast are showing signs of radiation contamination from Fukushima nuclear accident, Woods Hole Oceanographic Institution (WHOI) reports. However, the measured radioactivity levels still remain well below the US government safety limits for drinking water and direct exposure.
According to scientists responsible for monitoring the spread of Fukushima nuclear radiation, the number of sites reporting the contamination along the US West Coast is on the rise. Continue reading »
Late last year, Japanese PM Shinzo Abe effectively forced the $1.1 trillion Government Pension Investment Fund to double its domestic equity allocation. With Kuroda providing perpetual Nikkei plunge protection, and with Abenomics set to bring about an economic renaissance, what could possibly go wrong?……
The temperature in Sapporo dropped to minus 7C on Monday night, with snow beginning early Tuesday.
By dawn on Wednesday there was 44cm of fresh powder snow on the ground – the deepest snow to cover Sapporo since 1953. Continue reading »
Not one moment too early!
Japanese technologies are not sufficient for dealing with the aftermath of the disaster, and the country needed technical cooperation with various countries in this matter
TOKYO, November 26. /TASS/. Japan reckons on Russia’s assistance in dealing with the aftermath of the Fukushima-1 disaster, Junichi Eguchi, the Director for Nuclear Accident Response Office of the Electricity and Gas Industry Department at the Agency for Natural Resources and Energy said on Thursday. He noted that the Japanese technologies were not sufficient for dealing with the aftermath of the disaster, and the country needed technical cooperation with various countries in this matter. Continue reading »
“Tokyo will consider dispatching its Self-Defense Forces to the South China Sea, Prime Minister Shinzo Abe told U.S. President Barack Obama on Thursday, suggesting a possible role for Japan in patrolling those tense waters.”
On Tuesday, Chinese Vice Foreign Minister Liu Zhenmin told the press that contrary to the narrative being propagated by Washington and its allies in the South Pacific, Beijing had actually shown “great restraint” in the South China Sea.
China, Liu went on to explain, has tolerated the “occupation” of the disputed waters even as Beijing has “both the right and the ability to recover the islands and reefs illegally occupied by neighboring countries.” Essentially, Liu said China would be well within its rights to forcibly expel The Philippines, Malaysia, and Vietnam from the Spratlys. Continue reading »
– Nuclear Experts: Million cancers could result from Fukushima — Already hundreds of times more thyroid cancers… “Just the tip of the iceberg… worst is yet to come” — “Enormous spikes in cancer… devastating health effects” (VIDEO):
Fairewinds Energy Education, Nov 4, 2015 (emphasis added): Cancer on the Rise in Post-Fukushima Japan — In Fairewinds’ latest update of the ongoing nuclear catastrophe at Fukushima Daiichi, Chief Engineer Arnie Gundersen presents two reports that confirm the direct link of numerous cancers in Japan to the triple meltdown. Based upon data from Japanese medical professionals and [TEPCO], Arnie concludes that heavy radioactive discharges will be the cause of enormous spikes in cancer in Japan… In this video, Arnie recounts his presentation from 2013 at the New York Academy of Medicine where he forecast continuous radiation releases from the Fukushima Daiichi nuclear plant, and also the devastating health effects for the Japanese people, despite the chronically underestimated radiation exposure levels propagated by the International Atomic Energy Agency, and the Japanese government. Continue reading »