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Fukushima Deteriorates Again As Steam Now Rising From Reactor 1 For First Time, Including All Other Reactors; Reactor 5 Cooling Fails

Tyler Durden's picture




 

Not an hour passes without something material developing in Fukushima. Just out from NHK: all four broken reactors are now smoking. While 2, 3 and 4 have all issued smoke or steam at some point in the past, it is now Reactor 1's turn. From NHK: "An NHK helicopter crew has confirmed what appears to be steam rising from No. 1, 2, 3 and 4 reactor buildings at the troubled Fukushima Daiichi nuclear power plant. This is the first time that steam has been seen coming out of the No.1 reactor. The helicopter crew was filming from a location more than 30 kilometers from the plant shortly before 7:00 AM on Thursday." It was not all bad news: "The Tokyo Electric Power Company says that black smoke seen rising from the No.3 reactor building on Wednesday was no longer visible as of 6:00 AM Thursday." It is unclear if the radiation level had dropped enough to where workers could resume their attempt to reactive the cooling stations at Fukushima.

And more bad news, this time from Reactor 5, which was previously considered safe, via the NYT:

The cooling system at Reactor No. 5, which was shut down at the time
of the earthquake and has shown few problems since, also abruptly
stopped working on Wednesday afternoon, said Hiro Hasegawa, a spokesman
for Tokyo Electric....“When we switched from the temporary pump, it automatically switched
off
,” he said. “We’ll try again with a new pump in the morning.”

In the meantime, the Nikkei continues to once again diverge from the utter lunacy that is the US stock market.

h/t Donald

 

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Thu, 03/24/2011 - 00:33 | 1093768 Yen Cross
Yen Cross's picture

That is not how it workes polly formed person. All I know is that I have A pet Mosquitoe Hawk and that thing is pre- historic. Damb thing wants to be my friend. Loong Legs.(pun intended) Wingspan is approx. 4 inches.

Thu, 03/24/2011 - 01:07 | 1093890 FilthyLucre
FilthyLucre's picture

I know why I type drivel, but why the fuck do you? Are you brain damaged? On drugs? Or both? Let me guess you hang out with all the retired smack dealers on Machans Beach. Ooh, mumbo, jumbo, wumbo, dumbo, wow, awesome man you're so cool.

Thu, 03/24/2011 - 01:08 | 1093895 Rusty Shorts
Rusty Shorts's picture

Water Hammer

Thu, 03/24/2011 - 00:27 | 1093749 PhattyBuoy
PhattyBuoy's picture

"if you compress the material, the criticality increases as you compress it, with the square of the density. So if you double the density, then the criticality is four times higher. That's how implosion nuclear bombs work."

Yes.

So what happens if you have a massive accumulation of hydrogen under pressure, derived  from an infinite water supply, with a molten plutonium/uranium core in the middle of it - under pressure?

Thu, 03/24/2011 - 00:52 | 1093837 trav7777
trav7777's picture

nothing.

Nevermind that what you state is an impossibility.  Even if you levitated that molten blob surrounded by hydrogen, you are nowhere near the implosive force necessary to trigger a Pu chain reaction.

Nevermind all the other components of a Bomb, including neutron injectors, tritium, and the rest of it

Thu, 03/24/2011 - 12:04 | 1095517 nowhereman
nowhereman's picture

Ok, so what happened to the population of the US when the gobmint was exploding nukes in the desert during the 40's, 50's, and 60's (and later)?  How many citizens were contaminated?  Is that why they decided to iodize the salt?  I lived in southern Ontario through this period and we were never told of the possible dangers.  I know that governments made a decision NOT to report cancer hotspots around this time as well.  My father, my best friends father, and his best friend all died of brain cancer about 10 years ago.  I find that more than just a coincidence.

Wed, 03/23/2011 - 22:55 | 1093394 Caviar Emptor
Caviar Emptor's picture

This is bullish for Obamacare

Wed, 03/23/2011 - 23:22 | 1093516 Carl Spackler-t...
Carl Spackler-the Creator of Spackler Feather Bent's picture

Best line in this thread!

Wed, 03/23/2011 - 22:58 | 1093398 bullet357
bullet357's picture

Two words to live by in 2011  Food & ammo...am i the only sane person who see this for what it is?  FUBAR  total FUBAR

Wed, 03/23/2011 - 23:05 | 1093418 Scritchy
Scritchy's picture

You are not alone by any means. Difficult to imagine, but if a soccer mom and her two starving kids came by my house begging for food, they'd get some food. If some gangsters came by with guns blazing, they would be met with same. It's the American way.

 

Wed, 03/23/2011 - 23:13 | 1093462 Ralphie
Ralphie's picture

OT--but Bullet, are you a member of the Steel Beasts website? I recognize that avatar.

Wed, 03/23/2011 - 22:59 | 1093403 Fearless Rick
Fearless Rick's picture

OK, either I don't get the cooling aspect 22 and 57 degrees in two reactors, or they're lying through their teeth. Could it be they actually have some of this under control?

Thu, 03/24/2011 - 00:08 | 1093690 Jim in MN
Jim in MN's picture

Defense Ministry stated that they will release IR thermal data "to calm the public."  It is taken from helicopters with line of sight imagery.  So they just get a reflection off of whatever surface they hit first.  No one has said they have visual on the reactor vessels or even the fuel pools.  We have all tried hard to see the damn things.  So it's likely they are reporting the temp of rubble or building roofs.

Even if various cores or pools are cooled off, the whole point is that they heat back up if the water is removed or even just allowed to sit for a while.  It's like whack-a-mole, as one gets to the boiling point, then another, each requiring another Fukushima Fifty mission to get water on it. 

And that's if nothing else goes wrong.  For weeks or months.

Wed, 03/23/2011 - 23:02 | 1093408 Plumplechook
Plumplechook's picture

Bullish.   Didn't you get the memo?:

"Nuclear energy was set its toughest test on the northeast coast of Japan, and it passed.   And the rebounding Nikkei on Tuesday shows that investors, initially spooked by nuclear hyperbole, have been reassured by the improving situation at Fukushima."

http://www.dailytelegraph.com.au/news/opinion/how-nuclear-passed-its-toughest-test/story-e6frezz0-1226026963030

And anyways,  as the author of the above 'think piece' says, 'what are a few millisieverts of radiation between friends?'.

 

Wed, 03/23/2011 - 23:10 | 1093459 Scritchy
Scritchy's picture

According to a certain Ann Coulter, the heroic 50 who are sacrificing their lives to contain the nuclear catastrophe are actually going to live forever. Radiation is good for you. Look it up. Might be on google by now.

Yes I'm being sarcastic.

Wed, 03/23/2011 - 23:14 | 1093470 Fearless Rick
Fearless Rick's picture

Thanks, I missed that. Especially enjoyed this line: The only fatalities at the plant have been by traditional means, such as falling debris, not from radiation.

Well, thank goodness it was only falling debris.

The name Miranda Divine is on my permanent "punch in the teeth if ever encountered" list.

Wed, 03/23/2011 - 23:11 | 1093457 glenlloyd
glenlloyd's picture

Some news from a friend (formerly) in Japan

"Haku and I are both out of Japan.

Our cars are not. Hopefully i will be able to retreive S666 and take it to another country if it isnt too irradiated. At the moment the media is unreliable - due to economic concerns and public panic control the news is reporting in a mild way - as if to hide the facts from the public. Within japan, the news is all fine - no concerns abouy radiation, assuring the public about the safety of seafood radiation levels etc...

But im not fully convinced that its as safe as they claim.... But i want to return to get my posessions at least.

Thanks for your concerns. Please pray for the w140s stranded over there."

Wed, 03/23/2011 - 23:13 | 1093465 DoctoRx
DoctoRx's picture

Fuk-u-shima to infinity?

Wed, 03/23/2011 - 23:14 | 1093469 prophet
prophet's picture

Bloomberg has some of the Fukushima Fifty being interviewed.  There are probably lots more floating around as journalist have found the respite ship.

http://www.bloomberg.com/news/2011-03-24/nuclear-warriors-recuperate-on-japanese-vessel-in-fight-to-avert-meltdown.html

Wed, 03/23/2011 - 23:21 | 1093508 Terminal Frost
Terminal Frost's picture

So this is what the inside of Pandora's Box looks like....NEATO!

Wed, 03/23/2011 - 23:28 | 1093541 Gmpx
Gmpx's picture

It is very simple to predict what is going to happen.

Unlike the BP leak, there is no single hole they can plug. The contamination is lethal by nature. The contamination level and area will continue to grow. The people's understanding of how bad it is will also grow. At some point they will start moving away from Tokyo.

It will take many months to take the plant under control. There will be 50, 500, 5000 brave guys trying to fix.

It is clearly much worse than Chernobyl.

It can lead to a nuclear explosion (special thanks for not junking this message). Let's hope and pray it will not.

Wed, 03/23/2011 - 23:58 | 1093641 RichardP
RichardP's picture

Your message is so totally the opposite of what folks who actually work at nuclear power plants say.  There is no threat of a nuclear explosion at this facility.  There is a threat of a steam explosion that could send radioactive material up to the jet stream.  Your claim that the contamination is lethal by nature is so non-specific as to be useless.  There are many different types of contamination just at this location alone.  Length of exposure to each type of contamination is key to determining lethality.  And I won't even start with Chernobyl, other than to say that no facts are known yet that would either support or refute your statement.

If you have been following along here for the last several weeks, you haven't learned the right lessons.

Thu, 03/24/2011 - 00:43 | 1093813 Gmpx
Gmpx's picture

Contamination idea is very simple. Any material which nucleus naturally splits is contamination. Why? Because this changes chemical structure of your body cells and also damages healthy cells with heat and EM waves.

Why lethal? Because you will last less if your body is contaminated. Every time you are hit by a train, you have less life expectancy...

Thu, 03/24/2011 - 12:09 | 1095543 nowhereman
nowhereman's picture

That reminds me, what happened to that big oil slick they found in the gulf recently?  Haven't heard a thing since it was first reported.

Wed, 03/23/2011 - 23:29 | 1093546 trav7777
trav7777's picture

Ok, bitchez...STOP PANICKING.

Listen up.

You ALL believe in impending DOOM apocalypse, right around the corner, right?

The radiation won't kill you for 40 years, even if the worst-case happens and some Pu blows over here.

You'll be long-dead from the zombies, starvation, pollution, black lung, lack of medicine, and ALL the other trappings of the apocalypse LONG before then.

So STFU, have a beer, and change out your tampon. sheeit

Wed, 03/23/2011 - 23:33 | 1093570 Gmpx
Gmpx's picture

Old professional joke here: After being exposed to a lethal dose, do not panic - slowly turn your body into white cloths and slowly proceed to the nearest cemetery

Wed, 03/23/2011 - 23:36 | 1093585 TheJudge2012
Thu, 03/24/2011 - 00:04 | 1093682 Scisco
Scisco's picture

What a terrifying article. I didn't think it was possible but I lost even more respect for governments.

Thu, 03/24/2011 - 01:32 | 1093962 Antarctico
Antarctico's picture

Good find on the link to the interview with one of the surviving Chernobyl Liquidators.

Wed, 03/23/2011 - 23:58 | 1093670 Bastiat
Bastiat's picture

This may strike you as weird but the effect on the people of Japan actually matters to me.  There is not that much livable, and even less arable land there. 

Then of course there is the economic effect of the disruption of the Japanese economy which is beginning to matter in a material, economic way around the world.

It's a pretty big deal.

 

Thu, 03/24/2011 - 00:39 | 1093804 Yen Cross
Yen Cross's picture

I panicking Bitch. This thing look like a giant dragon fly on (ROIDS) long assed clinging legs. It ain't eating me. Holy Bible bitches (slap)

Thu, 03/24/2011 - 00:54 | 1093842 Yen Cross
Yen Cross's picture

A Costal Tiapan could kill me. The bullet holes please?

Wed, 03/23/2011 - 23:31 | 1093555 deepsouthdoug
deepsouthdoug's picture

This event has this water starting to wash over the deck of the Titanic feel to it. 

Wed, 03/23/2011 - 23:34 | 1093557 enoch_root
enoch_root's picture

"Radioactive steam" and "radioactive smoke" ... call this shit by its full name.

 

Operation Garden Hose

and

Operation Extension Cord

are creating smoke and steam, radioactive that is, how else did that crap show up in tokyo's water supply?

Thu, 03/24/2011 - 08:52 | 1094603 Golden monkey
Golden monkey's picture

+ 25 silver bullions

Wed, 03/23/2011 - 23:33 | 1093560 chump666
chump666's picture

The biggest money printers and manipulators in history of the markets (BoJ) are holding down the short end JGB's and contributing to a YEN meltup.  Unprecedented.  News on the Fukushima meltdown is sparse.  Markets are still bid

Wed, 03/23/2011 - 23:34 | 1093572 TheJudge2012
TheJudge2012's picture

Who still thinks nukes are a good idea and how much more radiation being released will it take to change your mind?

Wed, 03/23/2011 - 23:46 | 1093625 Confuchius
Confuchius's picture

You might find this Chernobyl video informative. Especially the "spin" put on the unfolding catastrophe by the bureaucrats.

There is virtually no difference between their mumblings back in 1986 and the current Japanese bullshit.

Wed, 03/23/2011 - 23:59 | 1093672 RichardP
RichardP's picture

From what is known so far, it is not the reactors that are the problem.  It is the 600,000 spent fuel rods that are still radioactive, and that are not protected, that are the problem.

Thu, 03/24/2011 - 00:10 | 1093697 Scisco
Scisco's picture

So what is your alternative. Oil is running out and a horrible polluter. Wind requires rare earths which are dirty to mine and RARE. Solar requires heavy metals and is horribly inefficient at the moment. How about going back to medieval times.

Thu, 03/24/2011 - 00:26 | 1093754 RichardP
RichardP's picture

At some point, we probably will.

Thu, 03/24/2011 - 01:39 | 1093780 TheJudge2012
TheJudge2012's picture

I'd rather go back to the energy of medieval times than be nuked, but probably not necessary. There are a lot of recently developed alternatives I've heard of but don't know if they are as good as they sound or get bought out, and some say today's coal energy with its scrubbers is non-polluting. I don't buy into the CO2 hysteria.

Thu, 03/24/2011 - 03:41 | 1094148 Confused
Confused's picture

Non-polluting coal sounds great.  I for one don't believe it.

 

http://www.bloomberg.com/news/2010-12-01/nat-rothschild-plays-his-strong...

 

 

Thu, 03/24/2011 - 12:14 | 1095564 nowhereman
nowhereman's picture

Whatever happened to Hydrogen as a fuel source?

Thu, 03/24/2011 - 12:17 | 1095569 nowhereman
nowhereman's picture

Oh, it's too abundant and next to free, nevermind.

Thu, 03/24/2011 - 01:46 | 1093990 enoch_root
enoch_root's picture

Liquid fluorine molten salt thorium reactors can have a much safer design. 

http://en.wikipedia.org/wiki/Molten_salt_reactor

http://energyfromthorium.com/

Thorium is common as lead and cheap as ... they consume a large proportion of their fuel so you don't have huge pools full of potentially volatie spent fuels needing to be housed and cooled for decades. Problem is the LFTR does not produce plutonium so weapons guys didn't develop it and now we are stuck on the enriched uranium-plutonium waste production "free energy" treadmill.

Thu, 03/24/2011 - 04:12 | 1094159 thegr8whorebabylon
thegr8whorebabylon's picture

BBBingo   what about nickel reactors?

Wed, 03/23/2011 - 23:35 | 1093580 Thorny Xi
Thorny Xi's picture

The worst case?  Japan Inc., the world's 3rd biggest economy, based on its position as the modern equivalent of the East India Company, with its hand on every deal in the electronics industry, goes offline to any degree due to this distraction.  Becomes a net seller of US Treasuries while trying to recover from the geo and hydrological damage while doing the neutron dance as the FUBAR nuclear PILE (of waste) fizzles before enough sand can be imported from the Saudis,  and to pay for another 8mm bbls of oil's worth of diesel a month to replace lost electrical capacity, bringing end to JIT / rolling warehouse western business model in record time as diesel supply evaporates globally.  APPL sole-sources its electronic compass/inclineometer components from Japan, can't make any more shiny little things, dozens of hedge funds fall on overweight Jobs-program swords. Dogs and cats move in together. Frogs rain frm heavens. Fed prints so much more money dogs and cats cannot afford rent.  Frogs taste bad, dogs and cats starve.

Wed, 03/23/2011 - 23:56 | 1093658 Fearless Rick
Fearless Rick's picture

Nice, rosy scenario. Ever think of becoming a greeting card writer?

Wed, 03/23/2011 - 23:39 | 1093597 Yen Cross
Yen Cross's picture

Only if you give me that 3 position bullet hole design red in the middle. And be cool with Boilermaker and 777. You Three are my team!!!! bitches!

Wed, 03/23/2011 - 23:46 | 1093624 Scisco
Scisco's picture

Ohh they need to just add more water. I am glad they cleared that one up. Anyone else having problems sleeping at night?

Wed, 03/23/2011 - 23:47 | 1093636 winstonsmith101
Wed, 03/23/2011 - 23:55 | 1093661 Scisco
Scisco's picture

Great collection of photos. Thank you for sharing.

Thu, 03/24/2011 - 00:33 | 1093777 Rusty Shorts
Rusty Shorts's picture

Wow, has Unit 1 moved?

 

Thanks for the link!

Thu, 03/24/2011 - 00:36 | 1093785 Yen Cross
Yen Cross's picture

Ok I'll rub your neck.

Thu, 03/24/2011 - 10:21 | 1094969 Ident 7777 economy
Ident 7777 economy's picture

I think whoever put that together has one picture of the Fukushima II complex in that series of pics and they don't know it ...

 

Fukushima I (the Dai-ichi facility):

http://en.wikipedia.org/wiki/Fukushima_I_Nuclear_Power_Plant

 

Fukushima II (the Dai-ni facility):

http://en.wikipedia.org/wiki/Fukushima_II_Nuclear_Power_Plant

 

Note

Fuku I - has 6 reactors, 1-4 grouped together and 5 & 6 together

Fuku II - has only 4 in one group

 

 

Wed, 03/23/2011 - 23:47 | 1093629 Confuchius
Confuchius's picture

Sorry, forgot the video link to the Chernobyl pics

 

http://video.google.com/videoplay?docid=-5384001427276447319#

Thu, 03/24/2011 - 02:59 | 1094120 DollarMenu
DollarMenu's picture

Thank you for that link.

A powerful documentary.

Seems as if nothing changes.

The lies and the cover-ups - they are as eternal as plutonium half-life.

Thu, 03/24/2011 - 00:02 | 1093675 Teamtc321
Teamtc321's picture

Buy EWJ April 10 puts cheap.  Please get of that rock quick.........Let's take our profits if EWJ hits and donate to that memorial for the 50 brave men and women. I will...... 

Thu, 03/24/2011 - 00:10 | 1093706 nonplused
nonplused's picture

The reporting on this disaster has been bullcrap.  Here is my well researched opinion (i.e. speculation):

 

Units 1 and 3 are likely melted down already.

 

The hydrogen that caused the explosions was likely generated by hot fuel rods exposed to steam just prior to melt down.

 

In unit 1 the explosion was in the work area above the reactor (thankfully).  In unit 3 it might have been in the containment itself.  In both cases spent fuel pools were probably hopelessly damaged and there is the possibility that some rods were ejected in the explosion.  If the explosion in unit 3 was in the containment, there is a good probability the top of the containment is what appears to be 1000 feet in the air in the video.  And, God help us, maybe the reactor itself too.  The containment design is remarkably similar to a cannon.

 

I don’t see how equipment in the damaged buildings could have survived in operating condition.  They can turn the power on, but will the pumps turn?  And if they do, where will the water go?  Is there any piping that is damaged?

 

If the reactors did at least partially melt down, circulating to cooling would be a very bad idea as that would bring radioactive material out of the containment.  “Fill and vent” will be the only option, which isn’t a whole lot better.  That may be what they are doing now, which would explain the vapour rising from all 4 reactors.

 

The “Fukushima 50” will probably all be too sick to work within a few weeks and dead within the year.  Replacements will be hard to come by.

 

Sandbagging all 4 damaged reactors, if necessary, is going to require one heck of a lot of helicopters.  At least Chernobyl offered them a place to drop the sand.  At Fukushima, they may have to bury the whole plant.

 

Why haven’t they got a remote robot with a camera in there yet?  Or a remote quadrarotor?  The US has supposedly provided very high resolution photography from a drone that the Japanese government has chosen not to release.  Why?

 

The media is already trying to use safety reports and supposed construction flaws by Hitachi to deflect blame for the disaster away from GE’s design.  Why?  Even if there were safety violations and problems with construction materials (which are designed with a factor of safety in mind since nothing is ever perfect), the plants operated for many years without failing due to construction flaws.  They failed because the design does not allow for an extended loss of cooling via electrically powered pumps.  This is a design flaw.  Why is the media trying to blame Hitachi?  (OK, this one is fairly obvious.  I wouldn’t short GE because you can’t beat POMO, but we know what’s coming.  Short Hitachi at will though as POMO is used to sway public opinion as to the cause.)

 

How does POMO work to shift blame to Hitachi?  It’s so simple it’s stupid.  Simply lend a compliant bank unlimited money to meet margin shorting the shares and wait for the robotraders to catch the trend.  Bye-bye, Hitachi.  It works all the time on the long side.  How do you think they floated Government Motors (GM).  You can be sure there weren’t any private investors thinking to load up on this steal of a government refurbished deal.  They can’t even run the DMV, they certainly didn’t turn GM around.

 

Thu, 03/24/2011 - 00:56 | 1093859 trav7777
trav7777's picture

Sigh...do you think through your theses before spouting off?

For what you say to be true, that #3 containment blew apart, you DO understand that any worker walking anywhere NEAR that building would be killed nearly instantly by the amount of radiation from core components, right?

Yet you claim the shit is all over the parking lot; there are people walking there on camera.  Therefore, it is IMPOSSIBLE for the severity to be what you claim.

Thu, 03/24/2011 - 13:55 | 1096053 Ident 7777 economy
Ident 7777 economy's picture

by nonplused , on Thu, 03/24/2011 - 00:10 #1093706

In unit 3 it might have been in the containment itself. 

- - - - - - - - - - - - - - - - - - - - -

Are you totally unaware of the THREE, count 'em THREE 'reports' (3 BOOMS, get it - 3 BOOMS) heard on the audio track of the video showing Reactor bldgs 3 'exploding'?

 

WERE you not maybe clued-in when the ball of flame (presumably from the boom #1) that came out on the south side of reactor bldg #3 (the reactor 4 side) IS PULLED BACK INTO the #3 structure by presumably boom #2?

 

Recapping:

Boom #1 produces a fireball seen on video.

Boom #2 probably blows the roof off and the rapid rate of air movement pulls the fireball seen back into the structure (watch the video again with your own eyes!) and produces that mini mushroom cloud that takes off ...

Boom #3 - no idea what 'corked off' ...

 

So, what were the THREE BOOMS in your opinion?

 

 

Thu, 03/24/2011 - 18:01 | 1097110 Flakmeister
Flakmeister's picture

I can't say....  I was nowhere near the grassy knoll...

Thu, 03/24/2011 - 00:38 | 1093794 Colonel Sun
Colonel Sun's picture

 

You're all going to die from radiation poisoning.

 

Get over it.

 

 

Thu, 03/24/2011 - 00:38 | 1093799 zebra
zebra's picture

News in Taiwan reported the radiation level is record high now in Fukushima. what a bullish sign! More rebuild, more consumption, more GDP!

expect SPX to hit record high in no time

Thu, 03/24/2011 - 00:41 | 1093812 Yen Cross
Yen Cross's picture

These golden weaver spiders could eat a Chiwawa. They make these giant Webs and three or four of them go off on small birds. It's NEW!

Thu, 03/24/2011 - 00:46 | 1093819 Lapri
Lapri's picture

These crazy people at TEPCO have ordered the work resumed. They are clinically insane at this point.

http://ex-skf.blogspot.com/2011/03/fukushima-i-nuke-plant-reactor-1.html

Thu, 03/24/2011 - 00:53 | 1093841 PulauHantu29
PulauHantu29's picture

"...all four reactors are now smoking...."

The "expert" on Japanese TV said that's normal.

Looks like not only Wall Street has a "new normal."

Thu, 03/24/2011 - 01:03 | 1093881 TruthInSunshine
TruthInSunshine's picture

They are criminals, including the reporters - no one is that stupid, not even reporters.

Thu, 03/24/2011 - 00:56 | 1093849 Yen Cross
Yen Cross's picture

Gotta fly. Thanks All. couple more days.

Thu, 03/24/2011 - 01:03 | 1093880 Rusty Shorts
Rusty Shorts's picture

Okay, i'll share some of my travels ...

http://www.youtube.com/watch?v=CAaOYjHb9K0

Thu, 03/24/2011 - 01:17 | 1093929 Yen Cross
Yen Cross's picture

Thanks for the tube. You are invited any time!

Thu, 03/24/2011 - 01:30 | 1093934 Rusty Shorts
Rusty Shorts's picture

Cheers Yen Cross

Thu, 03/24/2011 - 01:12 | 1093907 mt paul
mt paul's picture

spare the controll rod 

spoil the reaction ...

Thu, 03/24/2011 - 01:16 | 1093926 Yen Cross
Yen Cross's picture

That Nikkie chart had a small double bottom. Do as you well with it. Re-Patriatriation is about over.

Thu, 03/24/2011 - 01:18 | 1093932 unionbroker
unionbroker's picture

who do we talk to what the fark is going on is there anyone manning the bridge?

Thu, 03/24/2011 - 01:21 | 1093937 chump666
chump666's picture

If there is a meltdown...revealed and radiation levels go ballistic.  There will be a sell off from hell.  What Japan has been doing is delaying the inevitable, like their print job for YEN selling. 

possibly the biggest nuclear cover up in history and sacrificing workers doing it...

the BoJ has been selling YEN all asian session, also forcing yields down on short end JGB's...auction just occured mins ago.

Gonna end in tears

Thu, 03/24/2011 - 02:18 | 1094066 SilverRhino
SilverRhino's picture

No, what they are doing is stabilizing the mkt while the.elites GET OUT. Atbsome point the truth will get out and the retail investor (and pension funds) get crushed in your selloff from hell.

Thu, 03/24/2011 - 02:18 | 1094067 SilverRhino
SilverRhino's picture

No, what they are doing is stabilizing the mkt while the.elites GET OUT. Atbsome point the truth will get out and the retail investor (and pension funds) get crushed in your selloff from hell.

Thu, 03/24/2011 - 01:26 | 1093943 chump666
chump666's picture

TOKYO (Dow Jones)--An auction of two-year Japanese government bonds attracted solid demand Thursday, supported by lower short-term rates in the wake of the Bank of Japan's aggressive fund supply to the money market and investors' continued interest in the safe-haven instrument.
The coupon on the latest issue was unchanged from that in the previous auction in February at 0.200%, but rates on short-term bills, kept low by the BOJ operations, and recent falls in long-term yields on flight-to-quality buying have made the coupon attractive, analysts said.
The Ministry of Finance sold Y2.387 trillion of 2-year JGBs at the lowest price of 99.935, yielding 0.232%. The lowest price came in traders' projected range of 99.925-99.935.
"We can say that the two-year JGB is left at the very underpriced level when at least an extended period of super-easy policy is expected and even additional easing is possible," said RBS Securities' chief strategist Akito Fukunaga.
The auction received Y11.385 trillion in total bids for a bid-to-cover ratio of 4.77, topping 3.70 at the last sale. A higher bid-to-cover ratio is an indication of stronger demand.
The tender's tail, which looks at the difference between the average price and the lowest accepted price, shortened to 0.004 from the previous tender's 0.007 in another indication of firm demand.
The lead June futures slightly extended their gains after the auction. At 0500 GMT, they were up 0.16 at 139.89.
Nomura Securities was the largest buyer at Thursday's auction, taking Y545.4 billion of the new bonds, followed by Mizuho Securities with Y340.8 billion and RBS Securities with Y150.0 billion, traders said.
The new issue will settle April 15 and mature April 15, 2013.

Thu, 03/24/2011 - 01:25 | 1093946 Boop
Boop's picture
What They're Covering Up at Fukushima

Counterpunch, By HIROSE TAKASHI, March 22

Introduced by Douglas Lummis

Okinawa

Hirose Takashi has written a whole shelf full of books, mostly on the nuclear power industry and the military-industrial complex.  Probably his best known book is  Nuclear Power Plants for Tokyo in which he took the logic of the nuke promoters to its logical conclusion: if you are so sure that they're safe, why not build them in the center of the city, instead of hundreds of miles away where you lose half the electricity in the wires? 

He did the TV interview that is partly translated below somewhat against his present impulses.  I talked to him on the telephone today (March 22 , 2011) and he told me that while it made sense to oppose nuclear power back then, now that the disaster has begun he would just as soon remain silent, but the lies they are telling on the radio and TV are so gross that he cannot remain silent.

I have translated only about the first third of the interview (you can see the whole thing in Japanese on you-tube), the part that pertains particularly to what is happening at the Fukushima plants.  In the latter part he talked about how dangerous radiation is in general, and also about the continuing danger of earthquakes.

After reading his account, you will wonder, why do they keep on sprinkling water on the reactors, rather than accept the sarcophagus solution  [ie., entombing the reactors in concrete. Editors.] I think there are a couple of answers.  One, those reactors were expensive, and they just can't bear the idea of that huge a financial loss.  But more importantly, accepting the sarcophagus solution means admitting that they were wrong, and that they couldn't fix the things.  On the one hand that's too much guilt for a human being to bear.  On the other, it means the defeat of the nuclear energy idea, an idea they hold to with almost religious devotion.  And it means not just the loss of those six (or ten) reactors, it means shutting down all the others as well, a financial catastrophe.  If they can only get them cooled down and running again they can say, See, nuclear power isn't so dangerous after all.  Fukushima is a drama with the whole world watching, that can end in the defeat or (in their frail, I think groundless, hope) victory for the nuclear industry.  Hirose's account can help us to understand what the drama is about. Douglas Lummis

Thu, 03/24/2011 - 06:19 | 1094258 vh070
vh070's picture

They bore the idea of a huge financial loss the moment they decided to
cool it with seawater, which I understand they did as soon as the other
options disappeared. In fact I'd say they did it without any hesitation.

Thu, 03/24/2011 - 01:31 | 1093959 unionbroker
unionbroker's picture

wtf how many are we cant we pressure someone anywhere what are the facts zh must have some one listening viewers unite  do something say some thing if the problems inJapan are real we will be cursed by our grandchildren for saying nothing

Thu, 03/24/2011 - 01:34 | 1093967 Korg
Korg's picture

This is unmeasurably worse then Chenobyl... You've got 4 reactors in meltdown and emitting GOD knows how much radiation, surely enough to KILL anyone who sticks around there more then a couple of hours....Neutron BEAMS!....Proton ejections!....HELL has nothin on these 4 reactors!!

ANd the stupid fucks that keep going into the plant to do WHAT THE FUCK EVER to try to stop this are just tools.

Not blaming them...they don't know any better! Just sad. 

Any smart man would just leave and tel TEPCO to FUCK OFF! Why die for them?? ANd don't tell me they are dieing for JAPAN..TEPCO knows there is NO hope of stopping the meltdown...they are just throwing men at the problem trying to buy time.....it's murder.

 

Chernobyl took THOUSANDS of people getting severe radiation to bury that fucker. This is at least 4 times worse then that and I know of NOBODY who would bid on the job to bury 4-6 reactors in concrete! No one has a death wish.

 

Bottom Line: This is gonna get MUCH MUCH worse...Japan is fucked.

Thu, 03/24/2011 - 01:37 | 1093976 redpill
redpill's picture

I could either burn
Or cut off my pride and buy some time
A head full of lies is the weight, tied to my waist
The river of deceit pulls down
The only direction we flow is down

Thu, 03/24/2011 - 01:43 | 1093981 konst
konst's picture

I think the smoke now coming from the reactors must be related to electrical problem since they reconnected power to them. (No I have have any inside info. It's just speculation but given the timing I think probably likely related to cooling equipment and cooling functions of that equipment)

 

 

Thu, 03/24/2011 - 01:45 | 1093989 TruthInSunshine
TruthInSunshine's picture

Time for the cheap deep OTM puts, IMO, and yes, I'm calling out Bernanke for being incompetent and less than the magician (much more like the charlatan) some claim he is, as I did in 2007, where I made enough money to expand my horizons.

And yes, I'm also doing what I'm saying.

Bernanke's fucked, he was going to be fucked anyways *after fucking America and the world*, but Japan was the swan that shat on him, and accelerated his demise.

Look for NerObama to throw Bernanke out to the wolves soon, in a vicious display as to how ugly politics can really get. And the excuse NerObama will use is -

 

-- Bernanke stated he would not support bailing out states, counties and cities.

Every once in a while, I get a good thesis going, and sometimes, they even pan out.

 

p.s. - You technical/pattern guys and chartists - give me an overlay of 2007/2008 before the crash happened and the last 2 or 3 months. Thanks.

Thu, 03/24/2011 - 01:55 | 1094017 redpill
redpill's picture

I appreciate your thought process but I don't know that Obama has it in him.  Not only is he seem overmatched at the moment, he's on the canvas and wondering if he even should try to get up.  Not that having a strong leader is good when they are doing the wrong things, but right now we have a milquetoast doormat who has played more golf in the last two years than anyone I fucking know!!

Thu, 03/24/2011 - 02:15 | 1094058 chump666
chump666's picture

you looking for a 10/20% low on indexes?  We probably will get that until the bernanke put kicks in, Marc Faber is spot on.  but there is a short sell/put play there.  The hedge funds will send an massive short order once the correction starts to kick in. 

Japan is the primer.  either goldman and the likes are setting bulltraps, or the are fucking deluded on a bullish recovery buy...we are going down

gotta remember japan were buying huge amounts of EUR and EZ bonds...they WILL repatriate and sell off junk, no doubt there. So europe should be shitting themselves

Thu, 03/24/2011 - 01:50 | 1094002 konst
konst's picture

Does anyone think it's a good idea to invest in TEPCO? Shares will likely be cheap for a while until the public discover the media hyper-hype the fear mongering beyond belief and no one was seriously hurt.

 

Thu, 03/24/2011 - 01:58 | 1094019 redpill
redpill's picture

You make it sound like it's over.  Workers are already dead.  More will die.  It's not yet known how big of a swath of northeast Japan will be unfit for agriculture (a region they are incredibly dependent upon).  Even if they get the plants under control tomorrow (which they won't), the liabilities alone will make this a long sapping process for TEPCO, if it doesn't end them entirely.

Thu, 03/24/2011 - 02:33 | 1094084 konst
konst's picture

Were any plant workers killed? Didn't know the details but I heard 2 people are missing. I hope they are found.

If you and anyone here worried about the 4 nuclear power plant units while the dozens of other nuclear plants around Japan are ok,

there's an oil plant in Tokyo that exploded cause of the earthquake and killed 100 people. If you didn't read that correctly that's ONE HUNDRED PEOPLE!!

Maybe we should immediately close down ALL oil plants around the world immediately?!

 

In case anyone here hasn't heard at least 18,000 were killed by the earthquake/tsunami!!

There are much larger problems in Japan right now than worrying about nuclear power plants that not even a 9.0 earthquake and tsunami could destroy. I ask, politely, what the hell is the matter with all of you?!

 

Thu, 03/24/2011 - 02:57 | 1094117 redpill
redpill's picture

"Were any plant workers killed? Didn't know the details but I heard 2 people are missing. I hope they are found."

Yes a number of them have died, and more will.  They won't be "found" alive.

 

No one is understating the massive devastation that has already occurred.  It's all the more reason why trying to cover up the magnitude of an ongoing nuclear crisis is reprehensible.  TEPCO and the Japanese government, now more than ever, owe it to their people to be absolutely transparent about what they face.  And they are not doing so.

Thu, 03/24/2011 - 03:07 | 1094128 konst
konst's picture

I don't trust TEPCO and the Japanese government any more than anyone else here but the measurements reported around Japan show that they are not lying.

Meanwhile hundreds died in oil and gas plants in Japan. Huge oil fire in Tokyo spewing toxic fumes in the air. No one cares about that but radiation within normal levels hyped by the media and everyone goes crazy. Must be an American thing cause I read that in Europe they are much more clam and rational.

 

Thu, 03/24/2011 - 03:03 | 1094123 divide_by_zero
divide_by_zero's picture

The effects of radiation are persistent and pernicious unlike your examples.

Thu, 03/24/2011 - 03:45 | 1094149 Kina
Kina's picture

Yeh right, so the possibility of Tokyo getting somethered in radioactive smoke and rain wont be a problem.

 

I think the real problem here are the shills doing their hardest to play this down, a bunch of reactors not under control 240km from Tokyo is a nothing burger.

 

The risk is real, the consequences of a contaminated Tokyo will be felt everywhere. So it is possible to be concerned about more than one thing at a time, except for nuclear industry sock puppets.

Thu, 03/24/2011 - 01:56 | 1094018 majia
majia's picture

I'm frustrated. I had the EPA site for data monitoring bookmarked. However, the EPA has changed the page I have bookmarked. I can no longer get into the data. All I can see is a @#$% message from them saying everything is fine. Can anyone figure out how to get back into the data?????

here is the link, which used to give me a long list of monitoring sites I could click on. Today, Tucson went from 19 to 91 in total beta count.

I"m assuming all is fine but it worries me that i can no longer access the data...

HELP please!

Thu, 03/24/2011 - 02:50 | 1094105 majia
majia's picture

I appreciate your efforts but the none take me to the page that had about 100 cities with monitors. One used to be able to click on the city and get all of the different readings. Those data seem to no longer be available.

thanks though...

Thu, 03/24/2011 - 02:53 | 1094083 divide_by_zero
divide_by_zero's picture

The Jap cockup doesn't matter, the US has done at least as bad domestically. Lookup the `57 and `69 plutonium fires at Rocky Flats, SL-1 reactor meltdown in Idaho, the intentional reactor meltdown explosion in Yucca Flats, and all the successfull and unsuccessfull barge and atmospheric multi-megaton shots(big dirty fission-fusion-fission jobs) at Johnson and Christmas Island in the Pacific(including a couple of fiery meltdowns on the launch pad, then the crash off Iceland Thule Air Base of a bomber with 4 hydrogen bombs lots of contamination, highly enriched one bomb never recovered). We got "don't drink the milk" etc warnings daily in the early 60s, probably main benefit was that it caused us to wash the full strength DDT off the spinach.

Thu, 03/24/2011 - 10:16 | 1094958 hedgeless_horseman
hedgeless_horseman's picture

In the 50's, my father worked in a uranium mine in Western Colorado, and for a period of time lived in a house built on uranium tailings, and have always lived downwind from the Nevada test sites on the upslope of the Rockies.  He smokes three packs of Lark cigs a day, has always been obese as he never exercised, drinks to a fault, and eats red meat at least once per day.  Both he and my mom still live there, and are alive and well at 75.

Thu, 03/24/2011 - 02:42 | 1094095 redpill
redpill's picture

Good news, the radiation got here "just in time!"

 

Thu, 03/24/2011 - 02:51 | 1094106 divide_by_zero
divide_by_zero's picture

Better than expected! All th efutures are + right now!

Thu, 03/24/2011 - 03:11 | 1094131 Lapri
Lapri's picture

Three workers got zapped by radiation in Reactor No.3 as they were laying cables in the basement flooded with tsunami water and water from dousing.

http://ex-skf.blogspot.com/2011/03/fukushima-i-nuke-plant-3-workers.html

Thu, 03/24/2011 - 04:51 | 1094190 Plumplechook
Plumplechook's picture

It's OK.  Ann Coulter says swimming in irradiated water for three hours is like a week at a health spa.

Thu, 03/24/2011 - 05:02 | 1094200 Lapri
Lapri's picture

Sure. It's gotta be OK. Japanese are holding elections to elect mayors, governors, local representatives. Just like they do every few years. Everything will be OK.

Thu, 03/24/2011 - 06:37 | 1094275 vh070
vh070's picture

The Japanese government should guarantee all medical expenses of anyone
working around the Fukushima plants for life, including insurance for any
dependents. I just hate the idea that people who are asked to take huge
risks for their country aren't taken care of when hit by the side effects of
their work. And I mean veterans of Iraq wars or Aussie F-111 mechanics
poisoned after hand scrubbing toxic fuel tanks.

Thu, 03/24/2011 - 05:45 | 1094231 props2009
props2009's picture

http://dawnwires.com/politics/evidence-that-iran-has-led-the-arab-revolu...

 

Iran government website recuriting for Bahrain protests. Evidence.

 

Thu, 03/24/2011 - 05:58 | 1094239 Judderbar
Judderbar's picture

The fact that cesium can be detected in California even if its 1600 times normal levels in Japan is not necessarily a big deal.  The analysers produce a beam of atomic particles and use magnets to deflect each atom to a particular detector.

They are likely to detect plutonium but it is not necessarily a big deal.

Thu, 03/24/2011 - 05:59 | 1094244 GoldbugVariation
GoldbugVariation's picture

http://upload.wikimedia.org/wikipedia/commons/f/fd/Fukushima_map.png

This graphic explains the health effects of radiation, and (based on media reports) where the levels were at (as at March 17th) at various distances from Fukushima.  It's all on a logarithmic scale.  You can easily see that Fukushima (as at March 17th) was about 100 times less bad than Chernobyl overall.  But Fukushima is ongoing, still releasing radioactive materials daily as reported in this thread, so the environmental problem will increase as time passes.  As previously posted, I'm expecting, over time, approximately a tenfold increase from the levels shown on this graphic as a reasonable basis for starting to think about the long term health, societal and economic effects of all this.

On that basis, within the next 6 months, I think Japan will need to come to accept permanent depopulation of an area with radius up to, say, 100km from Fukushima, and loss of productive agricultural land over an even larger radius.  The 100km radius will touch urbanised areas at the northern fringe of Tokyo.  Tokyo will also need to find its urban water supply from the south only, as a situation where children cannot drink the tapwater in the city is obviously intolerable as a long-term way to live.

Not doom-mongering, just trying to make a sensible evaluation of the developing situation.

(I'm actually very pro nuclear power, except perhaps when you are talking about a 40-year old power station 120 miles upwind of your capital city.  I think the ideal world energy solution would involve a large number of nuclear power stations at very remote and unpopulated locations, producing hydrogen, which would be used to fuel all automobiles.  Precious oil would be used only as a chemical feedstock for plastics etc and as a lubricant.)

Thu, 03/24/2011 - 12:31 | 1095637 Flakmeister
Flakmeister's picture

A hydrogen economy is a dead end....far better to go electric directly... Simple thermodynamics.

Thu, 03/24/2011 - 06:00 | 1094245 Thinkor
Thinkor's picture

It is not surprising to me that reactors 1-4 should have white smoke coming from them, because restoring cooling (i.e., water) to extremely hot reactors is going to create a lot of white smoke (i.e., steam), a lot more than normal and therefore they will have to vent some of it to hold pressure down within the containment vessels, I presume.

 

The reporting on radiation comes from sources cited by ZeroHedge is vastly different from that coming from the IAEA.

"The IAEA radiation monitoring team took additional measurements at distances from 30 to 73 km from the Fukushima nuclear power plant. Results from gamma dose-rate measurements in air ranged from 0.2 to 6.9 microsievert per hour. The beta-gamma contamination measurements ranged from 0.02 to 0.6 Megabecquerel per square metre."

These dose rates are only 2 to 70 times normal, rather than the 430 times cited earlier.  That's a difference of maybe getting radiation sickness after 84 years of continuous exposure rather than after 14 years of continuous exposure.

 

The nuclear energy institute reports

"Radiation dose rates at the Daiichi site boundary continue to range from 1 to 3 millirem per hour."

That's only 10 to 30 microsieverts per hour, only 300x the normal radiation level at a point where radiation levels would be expected to be the highest outside the site itself.

 

MIT expects to report the results of Japan's atomic energy agency, which is monitoring radiation levels at another 8 sites.

 

These agencies and MIT all have their self-interest entangled with the nuclear power industry, but don't fool yourself into believing that opponents of nuclear power don't have their self-interest entangled with their own groups and funding sources.

Thu, 03/24/2011 - 06:10 | 1094252 tim73
tim73's picture

The idiotic news coverage from zero hedge continues...you are not worthy of a fight club or even a fight picnic!

Thu, 03/24/2011 - 08:27 | 1094509 BearishFeijoadaSushi
BearishFeijoadaSushi's picture

Is there anything more hypocrite in the whole world throughout history than the FED?

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