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The Next Fukushima? Active Fault Line Discovered Directly Below Japanese Nuclear Power Plant
The Next Fukushima? Active Fault Line Discovered Directly Below Japanese Nuclear Power Plant Five years after the Fukushima disaster, things are getting worse. As we reported last week, “the fuel rods melted through their containment vessels in the reactors, and no one knows exactly where they are now. Tepco has been developing robots, which can […]
Norway’s Interest Rate Conundrum
Norway’s Interest Rate Conundrum Current Situation The ECB recently stimulated more than expected, cutting rates by five basis points and expanding quantitative easing. It is already expected that Norges Bank (The Norwegian Central Bank) will cut rates next week, seeing accelerating inflation as temporary. They have a 2.5% inflation target mandate “over time,” giving them lee-way. They see demand […]
Fukushima Five Years Later: “The Fuel Rods Melted Through Containment And Nobody Knows Where They Are Now”
Fukushima Five Years Later: “The Fuel Rods Melted Through Containment And Nobody Knows Where They Are Now” Today, Japan marks the fifth anniversary of the tragic and catastrophic meltdown of the Fukushima nuclear plant. On March 11, 2011, a massive earthquake and tsunami hit the northeast coast of Japan, killing 20,000 people. Another 160,000 then […]
‘Shocking how many people died in Fukushima’ – documentary director to RT
‘Shocking how many people died in Fukushima’ – documentary director to RT © Carlos Barria / Reuters Five years ago a killer tsunami knocked out the Fukushima Daiichi nuclear plant, spewing radiation and forcing 160,000 people to flee their homes. Authorities in Japan want locals to think “nothing happened,” documentary director Jeffrey Jousan told RT. […]
Secret Monetary Group Warns a Catastrophe Is Coming
Secret Monetary Group Warns a Catastrophe Is Coming This is just the tip of the iceberg. The Bank for International Settlements is nothing if not obscure. As the central bankers’ bank, it seems little-more than a back-door, private club for monetary elites to rub shoulders. And it’s located in Switzerland which has always carried a […]
The “Terrifying Prospect” Of A Triumph Of Politics Over Economics
The “Terrifying Prospect” Of A Triumph Of Politics Over Economics The Triumph of Politics All of life’s odds aren’t 3:2, but that’s how you’re supposed to bet, or so they say. They are not saying that so much anymore, or saying that history rhymes, or that nothing’s new under the sun. More and more theys seem […]
Why This Sucker Is Going Down——The Case Of Japan’s Busted Bond Market
Why This Sucker Is Going Down——The Case Of Japan’s Busted Bond Market The world financial system is booby-trapped with unprecedented anomalies, deformations and contradictions. It’s not remotely stable or safe at any speed, and most certainly not at the rate at which today’s robo-machines and fast money traders pivot, whirl, reverse and retrace. Indeed, every day there are new ructions […]
Never Go Full-Kuroda: NIRP Plus QE Will Be Contractionary Disaster In Japan, CS Warns
Never Go Full-Kuroda: NIRP Plus QE Will Be Contractionary Disaster In Japan, CS Warns In late January, when Haruhiko Kuroda took Japan into NIRP, he made it official. He was full-everything. Full-Krugman. Full-Keynes. Full-post-crisis-central-banker-retard. In fact, with the BoJ monetizing the entirety of JGB gross issuance as well as buying up more than half of all […]
Playing Around With Prices Is a Bad Idea
Playing Around With Prices Is a Bad Idea Call me old fashioned, but I still think prices matter. I vividly recall the first time I studied those simple supply-and-demand graphs as a college freshman, and today, far too many years later, their basic logic remains undeniable. When prices are right, money flows to the most […]
Why Helicopter Money Can’t Save Us: We’ve Already Been Doing It For 8 Years
Why Helicopter Money Can’t Save Us: We’ve Already Been Doing It For 8 Years There’s a lot of talk going around these days about “helicopter money.” For those unfamiliar, it’s billed as a kind of last Keynesian resort when ZIRP, NIRP, and QE have all failed to boost aggregate demand and juice inflation. For instance, HSBC […]
Five Years After Fukushima, ‘No End in Sight’ to Ecological Fallout
Five Years After Fukushima, ‘No End in Sight’ to Ecological Fallout The environmental impacts of the 2011 Fukushima Daiichi nuclear disaster are already becoming apparent, according to a new analysis from Greenpeace Japan, and for humans and other living things in the region, there is “no end in sight” to the ecological fallout. The report warns that […]
Sweden Begins 5 Year Countdown Until It Eliminates Cash
Sweden Begins 5 Year Countdown Until It Eliminates Cash How much louder can the “ban cash” calls get? Recall it was just last year when we catalogued the growing cacophony of crazies for whom banning physical currency is the only way to ensure that depositors can’t simply reassert their economic autonomy under a low or zero rate […]
Former-PM Admits “Future Existence Of Japan Was At Stake” As Mutations Appear In Fukushima Forest
Former-PM Admits “Future Existence Of Japan Was At Stake” As Mutations Appear In Fukushima Forest “The future existence of Japan as a whole was at stake,” admits Japan’s prime minister at the time of the 2011 quake and tsunami, revealing that the country came within a “paper-thin margin” of a nuclear disaster requiring the evacuation of 50 million […]
The Market Has Lost Faith In Our Board, Bank Of International Settlements Laments
The Market Has Lost Faith In Our Board, Bank Of International Settlements Laments The BIS’ Claudio Borio was vindicated in January – and it was a long time coming. When last we checked in with Claudio, it was December and the bank’s Head of the Monetary and Economic Department was busy explaining what may befall […]
