Radiation In Ibaraki Rises To 300 Times Normal As Fukushima Evacuated, DOCOMO To Limit Up To 80% Of Voice Calls In Chiba, Ibaraki, 50% In Tokyo

Submitted by Tyler Durden on 03/16/2011 01:02 -0400

A choppy futures session has seen some modest profit-taking in line with Nikkei trading, following news that all TEPKO personnel around Fukushima are to be evacuated due to abnormally high radiation levels. Keep an eye on the Japanese market for an indication of where we open tomorrow.A somewhat bigger problem is that according to Bloomberg, which has now caught up to our radiation reporting by prefecture, the radiation in Ibaraki has reached 15,800 nanosieverts/hour at 11:40 am, which is 300 times normal. The spin: this is one third the amount of radiation in a chest X-ray. What is not mentioned is that an X-ray is exposure measured in one instant, whereas in this case the irradiation goes on for hour, after hour, after hour. And some other unpleasant news: NTT DOCOMO has announced it will limit up to 80% of voice calls in neighboring Chiba and Ibaraki prefectures, and up to 50% in Tokyo. Whether this is to conserves some mystical telephonic energy or to prevent the spread of panic is unclear. As this latest news is digested watch for the drift.

Magnified Picture Of Reactors 3 And 4 Post Explosion

Submitted by Tyler Durden on 03/15/2011 22:54 -0400

Tis but a scratch. We have just one question: why isnt Fukushima crawling with iRobots armed with cameras and geiger counters? 

 

 

 

 

 

NHK Shows Live Coverage Of Smoke Billowing From Fukushima Reactor 3, US Military Assistance May Be Requested

Submitted by Tyler Durden on 03/15/2011 21:58 -0400

NHK is currently broadcasting live footage from its helicopter showing white smoke from the Fukushima #3 reactor. As we reported earlier, fire was earlier observed in the 8 by 8 meter hole in the outer shell of Reactor 4,which had since extinguished itself. However, that it has been replaced with billowing smoke from a new reactor is not good. Reuters speculates that the smoke is emerging from the fuel pool which is now overheating. It is highly probable that the smoke is radioactive. In a press conference that just concluded Edano said that the area around reactor 1 is too radioactive for TEPCO workers to approach and as such all have been withdrawn. He also said the US military will likely be called in for assistance. 

 

 

 

Nikkei Surges As BOJ Injects Another ¥3.5 Trillion: Just Add It To The Existing ¥23 Trillion Plunge Protection Tab

Submitted by Tyler Durden on 03/15/2011 20:39 -0400

It's another day for the BOJ, which more than anything is hell bent on preventing a rerun of last night's tumble in the futures to a 7 handle. The solution: add another several trillion into money markets. Following Monday's ¥15 trillion plunge protection deposit, and yesterday's ¥8 trillion, just announced was the first tranche for tonight, which amounted to ¥3.5 trillion. And so the total involve to prevent the market from plunging a more 1,000 points is now ¥26.5 trillion, or $325 billion.

TEPCO Now Evaluates Dispersing Boric Acid On Reactor 4 As Fuel Rod Damage At Other Reactors Estimated At 33% and 70%

Submitted by Tyler Durden on 03/15/2011 20:16 -0400

Desperation in Fukushima is growing as one by one the remaining options to prevent the "recriticlaity" of reactor 4 slide away. After the idea floated earlier to pour water on the core in hopes of cooling was dashed following a fire which broke out about 2 hours earlier and technical difficulties associated with the actual implementation , the latest and probably last recourse proposed is to disperse boric acid - a radiation retardant - all over everything in a blind "shotgun" strategy. How that will do anything to prevent the nuclear fall out from the containment bed which is now supposedly exposed to the open air, remains a mystery. And another update from Kyodo: "Fuel rods damage at Fukushima's 2 reactors estimated at 70%, 33%" 

 

 

 

Sean Corrigan's Letter To All The "Idiots" Who Believe The Japanese Calamity Will "Prove Positive For GDP"

Submitted by Tyler Durden on 03/15/2011 19:31 -0400

All the sophist idiots (Corrigan's word not ours) in the media and the bleeding edge of financial lemmingdom who believe there could be no greater boon to global economy than the death and suffering of hundreds of thousands(you know who you are) are kindly requested to read the following missive from Diapason's Sean Corrigan who cleanly and clinically blows out this latest moronic piece of uber-false groupthink out of the water: "We cannot abstain from expressing our utter contempt for the many idiots who have already begun parroting the standard Keynesian nonsense that this calamity will ultimately 'prove positive for GDP', or that the rebuilding efforts can only redound to the nation's well-being to the extent that they shake it out of its ongoing 'deflation'... If the awful spectacle of vast swathes of land littered with shattered buildings and crumpled vehicles—or the concern that they suffer the invisible hazards of radioactive contamination—offers such grand opportunities for advancement, why stop there? Why wait for the vagaries of the climate, or the tortured creaking of continental plates to bring about such a 'stimulus' to growth? Why not declare war on ourselves and unleash our titanic arsenals of destruction on our own towns and cities, and rain down hellfire upon our own farms and gardens, razing the first to the ground and sowing the last with salt, until we make a self-inflicted Carthage of them, one in whose midst we can hope to become rapidly richer than our neighbours as, shivering and starving, we pick our way among the debris of our former civilisation to the nearest construction site? This is all such arrant nonsense that you should banish from your consideration, henceforth and forever, all of the jejune scribblings of the fool whom you once catch propounding it!

In The News Today

Posted: Mar 15 2011     By: Jim Sinclair      Post Edited: March 15, 2011 at 9:42 pm
Filed under: In The News

"Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, ‘Account overdrawn.’
–Ayn Rand

John Williams – The Great US Collapse Nears
With the dollar remaining weak John Williams of Shadowstats had this to say in a special report, “The U.S. economic and systemic-solvency crises of the last four years only have been precursors to the coming Great Collapse: a hyperinflationary great depression.  Such will encompass a complete collapse in the purchasing power of the U.S. dollar; a collapse in the normal stream of U.S. commercial and economic activity; a collapse in the U.S. financial system as we know it; and a likely realignment of the U.S. political environment.”
“Outside timing on the hyperinflation remains 2014, but there is strong risk of the currency catastrophe beginning to unfold in the months ahead.  It may be starting to unfold as we go to press in March 2011, but moving into a full blown hyperinflation could take months to a year, beyond the onset, depending on the developing global view of the dollar and reactions of the U.S. government and the Federal Reserve.
Prerequisites to the crisis unfolding include: the Federal Reserve moving to monetize U.S. Treasury debt; the U.S. dollar losing its traditional safe-haven status; the U.S. dollar losing its reserve status; the federal budget deficit and Treasury funding needs spiraling out of control.  The Fed moved to monetize Treasury debt in November 2010. 
A much-diminished U.S. dollar safe-haven status has become evident in early March 2011, along with serious calls for a new global reserve currency.  The economy is not in recovery and should display significant new weakness in the months ahead, with severely expansive implications for the federal deficit, Treasury funding needs and requisite Fed monetization of debt.
More…



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