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Guest Post: Alert: Nuclear (And Economic) Meltdown In Progress

Tyler Durden's picture





 

Submitted by Chris Martenson


Important note: 

It is with a heavy heart that I am now issuing the highest level alert to my readers than I have to date. The threshold for an alert is one or more world events that personally cause me to take action.

I'm making this alert publicly available less than 36 hours after releasing it to my enrolled subscribers given its importance and the speed at which events are accelerating.

The substance of this alert centers on the unknown aftershocks that may result from the world's third largest economy, Japan, rapidly shifting from an exporter of funding to a consumer of it. In situations like these, we are by definition operating with incomplete and often confusing information, and events are developing more rapidly than they can be fully analyzed and internalized. We regret in advance any mistakes that we might make due to making calls and decisions in this highly fluid environment.


This alert warns you that major world-changing events are now underway and that your personal preparations for an uncertain future should either be completed or take on a new sense of urgency. On the basis of the information contained here and in the past two days of posts, I am personally ratcheting up my preparations, making purchases, and topping off what needs to be topped off.

Important caveat:  At this point in time, I cannot fully support 100% of my concerns with hard data and evidence. Some of what has tipped me into this state of urgency is data, evidence, and stories that I can point to. Some is due to the absence of data or information, the remainder results from watching market gyrations and correlations shift into new patterns, which tell me something is afoot.

I have not been this concerned since October of 2008.

Some Background

Within hours of learning of the event at Reactor 1 in Japan, I had looked at the evidence available, drawn a few conclusions, and then checked to see what the experts were saying. Never quite sure of what sort of personal and/or professional limitations are in play, I rarely start with anyone's assessment but my own. It's part of trusting myself and it has worked remarkably well for me and my subscribers over the years.

Here's what I wrote in the blog on the morning of Saturday, March 12, 2011 on Japan's nuclear incident:

There have been reports from Japan's nuclear agency that radioactive cesium and iodine were detected outside of the facility, which can only happen if the core has been exposed somehow. Perhaps that's all under control now, but the evidence for very high temperatures, the explosion of the containment building, a 12-mile evacuation zone, and the presence of cesium and iodine all indicate that perhaps the complete situation is not being shared with the public.

If you live in Japan, you should be heading well upwind of this facility and have potassium iodide pills on hand. I would personally be reading the wind forecasts and assuring that I was upwind.

My expertise involves making sense of the world in relatively short order. It also helps me smell B.S. remarkably quickly, especially from official sources. The nuclear situation in Japan struck me from the outset as being rather more serious than described, and this has proven true. I take no pride in this particular 'victory,' and instead feel the burden of having to be the bearer of bad news.

The nature of this alert is to let you know that I consider the chance of a renewed round of economic and fiscal crises to result from the chaos that is currently engulfing Japan and the MENA region to be extremely high.

A Global Meltdown

For decades, the world has been running its own nuclear-style reaction, only in the currency and debt markets, where exponentially-accelerating piles of debt and money have spun about faster and faster in a gigantic, complex, coordinated reaction, the core of which is, and always has been, the United States.

At the very center of this ungainly money reactor is the main fuel pile itself, the US Treasury market. With any interruption to smooth flow of money through this pile, it will immediately become unstable.

The threat I see goes like this:

Stage 1:  The world watches, riveted, as Japan suffers a tragic and horrible earthquake and tsunami, but as horrifying as these are, they are localized phenomenon affecting a relatively small percentage of the country. The real trouble lurks within damaged nuclear plants, which are now ruined and will never again produce electricity for Japan, creating instant shortages that will take years to remedy. Worse, a dangerous plume of radioactivity is carried south by winds. Tokyo partially empties and shuts down for all practical purposes.

Stage 2:  The abrupt slow down of the world's third largest economy alters the smooth flow of cash around the globe, and even causes reversals of some other long-standing flows. Chaotic eddies emerge in a decades-old pattern of ever-increasing flows of money into and out of the money centers, and various carry-trade and other interest-rate-sensitive strategies blow up. Manufacturing in Japan screeches to a halt, disrupting just-in-time manufacturing strategies both internally and across the globe.

Stage 3:  In order to fund the rebuilding effort, Japan has to buy a lot of items from foreign suppliers at the same time that its exports plunge precipitously. At first Japan simply does not participate in US Treasury auctions, leading to a shortage of buyers. But eventually Japan has to sell some of its vast hoard of US bonds in order to pay for external items needed for its reconstruction. Further, insurance companies, huge holders of US bonds, face stiff liability claims in the wake of the worst natural disaster to hit a heavily industrialized center and are forced to redeem enormous amounts of Treasury paper. US Treasury yields begin to climb.

Stage 4:  Continuing unrest in the MENA region serves to keep oil elevated and local funding needs high, while Europe's weaker players (the PIIGS) continue to slip under the waves. Money continues to ebb away from the US Treasury market. Forced by circumstance, the Federal Reserve reverses its linguistic course and opens the monetary floodgates once again. There's nothing like a crisis to justify more money printing, especially to a one-trick pony (the Fed) that only knows how to stamp its hoof on the 'print' button.

Stage 5:  An increasingly chaotic monetary and fiscal situation spills over into the derivatives arena, creating a number of financial accidents. Stressed governments find themselves in more of an arguing mood than a pull-together-and-sing-Kumbaya mood, and agreements are hard to come by. Banks begin to fail again, global trade falls off, unrest continues to build, and then it happens - a currency crisis.

Stage 6:  Everything changes. Faster than you think.

I wish I could completely quantify and justify the reason for this assessment, but I cannot at this time. Yes, we've got some very serious market turbulence to point to:

From ZeroHedge:

Japan's nuclear crisis has deepened and we deeply regret to say that there is now the real possibility of a nuclear catastrophe. Investor panic has set in with the Nikkei down over 16.5% in two days and the Topic index down by 17% - its worst two-day loss since the 1987 Wall Street stock market crash.

The cost to insure Japanese debt has surged to a record with credit-default swaps protecting Japanese government debt for five years soaring 27 basis points to a record of 125 basis points.

One UBS trader said that the deteriorating nuclear crisis had led to "near panic across local credit-default swap markets." While most equity indices and commodities have fallen, some sharply, gold has remained resilient and is down 1% in US dollar terms and is higher in Australian dollars which like other so called 'commodity' currencies has come under pressure in recent days.

(Source

The nuclear meltdown has led to a market meltdown. Market breaks can quickly lead to supply shortages and other unpleasant realities.

Shifting Baselines

The problem with these fast-moving situations is that everything shifts from beneath your feet and events fundamentally change so quickly that you do not have time to adjust properly before the next insult arrives.

For example, I pride myself on ingesting massive amounts of information and processing it logically and relatively completely. But right now I am overwhelmed by too many situations. I should know who the opposition leaders are in Bahrain, how many troops have crossed from Saudi Arabia, what sorts of equipment they brought (as an indication of whether they plan to stay for a little while or a long while), and so forth. But I only know that troops have crossed the border; I consider this to be a bad sign for global oil price stability, but know very little else.

And I am not entirely clear on the inner machinations of the European debt crisis any more. I am completely consumed by following the developing nuclear crisis in Japan and trying to determine how that could, will, should impact our readers in Japan, and the world economic landscape.

The problem is captured perfectly in this post by Debu

Another slightly surreal day in Tokyo which I largely spent buying food in case we have to stay indoors for an extended period due to fallout and/or if food supplies are disrupted by distribution problems. (I have been remiss in my prepping, I admit. I will spare you my lame excuses as to why.) Near pandemonium in some supermarkets which surprised me given the generally anodyne tone of the reactor situation coverage on the TV. Possibly it is simply worries about empty shelves feeding on itself.

Still, despite the devastation a few hundred kilometres away in the areas affected by the earthquake/tsunami (words fail), in Tokyo we are only inconvenienced in trivial ways. And so, the sense of unreality. There were emails today from my Japanese mates saying they were resigned to there being no hockey for awhile because the rinks will be closed because of the power cuts (and serious damage to the roof of our home rink). Or, whether it is milk is hard to come by (but still lots of wine and whiskey available), or some shops are closed to save power, or limited train service, etc. it is all inconsequential trifles. Given what is happening up north it is enough cause a bit of survivors' guilt.

Many thanks to all on this forum for the info and the insights. It has, and will continue to be I suspect, my best source of information and advice.

One name for this process of only very slowly coming to grips with an enormous change when it happens at a slow enough pace is "shifting baselines." It means that if you had put these same people to sleep a week ago and woke them up today, the shock of the reality of today's situation would immediately jar them into action. But somehow, as things change seemingly gradually from hour to hour and day to day, the change itself can prove oddly paralyzing, and this is because our baselines shift. What would have been abnormal yesterday is normal today.

Last week the residents of Tokyo were sympathizing with the plight of their neighbors to the north, and then they were hearing about some controllable problems with some nuclear plants, and then they were hearing about maybe some more serious difficulties, and today they find themselves scrambling to empty store shelves and get out of Dodge, so to speak.

(Reuters) - Radiation wafted from an earthquake-stricken nuclear power plant toward Tokyo on Tuesday, sparking panic in one of the world's biggest and most densely populated cities.

Women and children packed into the departure lounge at an airport, supermarkets ran low on rice and other supplies and frightened residents, tourists and expatriates either stayed indoors or simply left the city.

"I'm not too worried about another earthquake. It's radiation that scares me," said Masashi Yoshida, cradling his 5-month-old daughter Hana.

The nail-biting eased in the afternoon after Chief Cabinet Secretary Yukio Edano appeared on national television saying radiation levels at the troubled Fukushima Daiichi nuclear-power complex had fallen dramatically since morning.

But confidence in the government is shaken and many decided not to take chances, especially after radiation levels in Saitama, near Tokyo, were 40 times normal -- not enough to cause human damage but enough to stoke fears in the ultra-modern and hyper-efficient metropolis of 12 million people.

Many hoarded food and other supplies and stayed indoors. Don Quixote, a multistory, 24-hour general store in Tokyo's Roppongi district, was sold out of radios, flashlights, candles, fuel cans and sleeping bags on Tuesday.

At another market near Tokyo's Yotsuya station, an entire aisle was nearly empty on both sides, its instant noodles, bread and pastry gone since Friday's earthquake and tsunami killed at least 10,000 people nationwide and plunged Japan into a twin nuclear and humanitarian crisis.

(Source)

Time to Prepare

Okay, folks, this is not a drill.

Events have now sped up to the point that we cannot predict what will happen next. At this point a systemic banking crisis, complete political upheaval in one or more countries, a currency crisis, or a debt crisis are all within the realm of the possible.

This is the most difficult Alert I've ever had to write, because I know I have not yet processed all the necessary information to truly assess the risks. I am operating on gut instinct here, and several of you have already reminded me to trust myself. Thank you. That's what I am doing now.

The risks I am most concerned about striking outside of Japan are:

  • A derivative-fueled banking crisis. Another banking crisis could shut down international monetary flows for a period of time, which would severely impact your ability to access your money, conduct trades, or otherwise take care of business.
  • Critical shortages. Already we know that much of Japan's manufacturing output will be crippled for a while due to quake damaged plants being destroyed, workers failing to show up as they attend to their families in a moment of deep crisis, and electricity shortages due to destroyed power plants being taken permanently off-line. How much and which products will be affected will take weeks of effort to discover, as our highly integrated global supply network has an unknowable number of nodes that originate in or pass through Japan.
  • A global GDP insult. Building on the idea of critical supply chain disruptions and shortages, it is a safe bet that the world economy will take a hit now that various products cannot be manufactured and sold. Rather than a gentle slow-down that can be easily managed, the risk I see here is akin to a large wrench being tossed into a delicate transmission. The risk springs less from how much you slow down, but rather how fast you do it. This global GDP hit will further expose the weakness at the periphery, probably taking down the weaker players once and for all.

The main story line here is that Japan is a critical and embedded player in both the financial and productive economies, and it has suddenly, almost instantly, been taken off-line. We don't know what might happen next, but we should be prepared for anything.

My Advice

Recently I had advised readers to be ready for a big downturn linked to the idea of a QE cessation. I am going to retract that somewhat (almost entirely), because this Japan crisis will provide all the political cover necessary for more printing.

Nonetheless, a market rout is on, but for entirely different reasons than I first projected.

At any rate, the time to move to cash from stocks is slipping quickly past, if not already gone, but if you haven't made that move yet, you should consider waiting for the next "Bernanke bounce" in which a few hundred billion are tossed into the kitty to stabilize the markets.

This alert is going to be a living document in the sense that I will be constantly updating it as time goes on and events unfold. The first stage of my advice centers on the basics. You need to have all of your basic preparations completed at this time. Food, water, medical kits, shelter, cash out of the bank, and all the rest should absolutely be in place at this time.

Get the basics done. Now.

  • If you live on the west coast of the US, you must prepare for a fallout event even though this is extremely unlikely due to the distances involved. The concern here is that nearly 40 years of spent fuel is stored onsite and apparently boiling away its water and possibly burning. This means buying KI tablets for at least a week for every member of your family and being prepared to spend up to a week 'taped up' inside your house if it comes to that. Plastic, duct tape, and board games are what you need. I hate having to even suggest this sort of preparation. But while remote, there's always the chance that a quirk in the air flow patterns could lead to less dilution than expected across the ocean and that a relatively small area of the west coast could receive a surprisingly strong concentration of contamination.  Again, this is very remote, but so was the idea of four plants all melting down at the same time.
  • Get what cash you can out of the bank. You can always put it back later on. Keep it somewhere safe.
  • Move any money you can from less liquid to more liquid vehicles. You want to be able to access your money in a hurry should that become necessary. Re-read Taking Control of Your Personal Finances if necessary. I outline all the reasons and a few methods for 'becoming more liquid.'
  • Top off your fuel tanks.
  • Buy extra food at the grocery store.
  • Have long-term storage food put aside.
  • Take medicines? Be sure to get extras.

I am still holding onto all of my gold and silver holdings as I cannot imagine any possible policy responses that will bolster anyone's faith in fiat currencies. That said, I am expecting short-term declines, possibly significant, in the US paper price for these metals on the basis of a liquidity crisis skimming the speculative component of their price off the top. I really don't know how much this will be, but it's certainly not insignificant.

When you stock up on things at the store(s), think also about friends family, neighbors, and all the other assorted people you care about who have almost certainly done little or nothing to prepare. What would they like? Don't overlook comfort and luxury items that command a mental premium in a time of crisis. Chocolate comes to mind.

Timing

As always, I have no idea if anything is going to transpire or not, or when. How's that for indecisive? But I can tell you that the pressures are larger than they’ve ever been throughout this long emergency and that conditions are ripe for an avalanche. My sincerest hope is that this will all blow over. But hope alone is a terrible strategy, and so we prepare.

My best guess is that the situation in Japan will unfold over the next two weeks, with a full blown funding and fiscal crisis (of confidence) blossoming there over that time. Already we are seeing credit spreads on Japan's sovereign debt begin to skyrocket, meaning that an increasing chance of a sovereign default is being priced into the debt markets. This is the same dynamic we saw with Greece, then Ireland, Iceland, too, and so on. Only this time it is happening to the world's third largest economy.

Two weeks after that, I expect that the first real product shortages and associated work stoppages will begin to hit the US and European economies. I expect the difficulties to surface first in Europe followed by the US. Somewhere in this zone we will get the next solid commitment to print, print, print, probably as a joint exercise of both continents.

Taken together, I think we've got at least a month until things have shifted enough that preparations will become either difficult or irresponsible.

Use this next month very wisely.

Remember, it's better to be a year early than a day late. So get out there and prepare responsibly.

Above all, it is our duty to remain calm, focused, and helpful to those around us. We are all experiencing anxiety and fear to greater and lesser degrees. It is my hope that we can use the privacy of the comment thread below to work through whatever issues arise for each other, whatever those may be, and to help each other make the best decisions we can in an increasingly chaotic and uncertain environment.

Welcome to the nexus of multiple exponential curves. We always knew things would speed up along the way, and so they have. Let's do the best we can.

Events are unfolding in a manner entirely consistent with the framework I laid out in my recent  #144370; font-weight: bold; text-decoration: none; ">Guide to Navigating the Coming Crisis.  As the report predicts: things are speeding up, events are progressing from the outside in, and soon enough everything will be substantially different than you remember and it won't be completely obvious how that happened due to the phenomenon of shifting baselines. Reading it should be a particular priority for those with family or substantial investments to protect. Click here to read the free executive summary.

Below you will find the original post I started on Saturday, hours after the explosion in the first reactor. It has since become a primary source on the unfolding tragedy for tens of thousands of people around the world - largely due to the extremely knowledgable contributions of experts in the CM.com community. More to come as circumstances develop. 

Your faithful information scout,
Chris Martenson


A Note on Prepping Responsibly

To prepare responsibly, you should do it before a crisis hits, when there are plenty of goods, food, and other necessities available for purchase and your purchases actually increase the local resilience of your community.  After a calamity has struck, say after the earthquake in Northern Japan, then any buying or accumulating you might do can be perceived as an act of hoarding, something we'd like to see everyone avoid. 

If you have not done so, you need to be sure that you have covered all of the basic steps recommended in our#144370; font-weight: bold; text-decoration: none;"> What Should I Do? guide. 

At the very least, you'll get peace of mind and have the chance to be among the people who are in a position to help others when the time comes. At the most, it could be the difference between a rather miserable piece of time spent wishing you’d done more to prepare and a relatively comfortable stretch of time.

 


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Wed, 03/16/2011 - 16:34 | Link to Comment EscapeKey
EscapeKey's picture

I don't live in the States, but check, check, check, check, check, and check.

Wed, 03/16/2011 - 16:39 | Link to Comment cossack55
cossack55's picture

You so right, EK. But I think I will still double check again.

Wed, 03/16/2011 - 16:44 | Link to Comment Robot Traders Mom
Robot Traders Mom's picture

I would tell Trav's old lady to come shack up with me but she looks like my avatar...

Wed, 03/16/2011 - 16:49 | Link to Comment string
string's picture

It's all pink on the inside.

Wed, 03/16/2011 - 16:57 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Speaking of pink, I'm looking to barter with the ladies post crisis.  Time to go buy some tampons and pads.  Girls will just eat me up.

Wed, 03/16/2011 - 17:18 | Link to Comment chumbawamba
chumbawamba's picture

Or you'll eat them (preferably at a time when the tampons and pads aren't required).

I am Chumbawamba.

Wed, 03/16/2011 - 18:37 | Link to Comment ClassicalLib17
ClassicalLib17's picture

It's time you got your redwings, son. 

Wed, 03/16/2011 - 21:10 | Link to Comment WhackoWarner
WhackoWarner's picture

People are dead and dying. Your reaction is to tell idiot jokes.

You may be Chumbadummy but you sir have not one single thing to share with this world.

 

Wed, 03/16/2011 - 21:32 | Link to Comment WhackoWarner
WhackoWarner's picture

In one sentence you destroy any respect. You are Chumbanothing.

Get over yourself

Wed, 03/16/2011 - 19:59 | Link to Comment Smiley
Smiley's picture

That is actually a really good idea.  Hmmm  Add this to my stockpiles of aspirin, spices, and bandages to use for bartering.  Worse case Ontario, the pads and tampons make great packing for flesh wounds...

 

 

Wed, 03/16/2011 - 20:51 | Link to Comment WhackoWarner
WhackoWarner's picture

If you are not just a doctor wannabee but a real physician then you should be ashamed of yourself for this.

If you are just a disguised wannabee pretending to have intelligence then you should be ashamed of yourself.

No woman in the world would wish to sit beside this attitude.

Wed, 03/16/2011 - 21:18 | Link to Comment jeff montanye
jeff montanye's picture

he is not alone on this great site (one of it's drawbacks, imo).

Wed, 03/16/2011 - 21:19 | Link to Comment WhackoWarner
WhackoWarner's picture

Thank you sir.

Wed, 03/16/2011 - 21:17 | Link to Comment WhackoWarner
WhackoWarner's picture

I will eat you up for sure. With a hand grenade. How dare you?

How dare you be so stupid?

Wed, 03/16/2011 - 22:27 | Link to Comment ColonelCooper
ColonelCooper's picture

Jesus Christ, Dude.  Who died and nominated you Ned Flanders? 

Pompous Ass.

Sometimes gallows humor is how people deal with shit.  Pull the aforementioned tampon out of your ass and lighten up.

Thu, 03/17/2011 - 09:57 | Link to Comment flattrader
flattrader's picture

Real men don't need to barter/bargain with women.  Even the fat, old and bald.

So, I'm sure you're all three of the latter and not the former...which is why you WILL need to bargain.

Wed, 03/16/2011 - 17:03 | Link to Comment LFMayor
LFMayor's picture

remember this for those cold nights:
If it isn't 280
it isn't a lady.

Wed, 03/16/2011 - 18:48 | Link to Comment IQ 145
IQ 145's picture

 but does it taste like chicken?

Wed, 03/16/2011 - 21:03 | Link to Comment WhackoWarner
WhackoWarner's picture

All of you idiots are offensive.

Would you put up with these kind of insults and demeaning jokes.

Take it back to your playground sandbox where it belongs.

Quit polluting my world with your crap. Would you say this to your mother or sister? So what makes it OK here. Say this crap to your wife? To your daughter?

Wed, 03/16/2011 - 22:57 | Link to Comment Creed
Creed's picture

Hey whackjob, this is an adult playground.

If you don't care for the language you can leave.

I'm quite certain that if any particular poster goes over the top too many times his or her account will be disabled.

You bucking to be a moderator? I don't think there are any. I don't think there need to be any.

Ned Flanders...lol.

Thu, 03/17/2011 - 09:24 | Link to Comment Smiley
Smiley's picture

You are a scrotum tucking pussy with a thin skin.

 

I actually have older sisters; if you think a couple tampon jokes are bad you obviously have not spent any quality time with real females for any length of time.  Gallows humor is how people deal with shit.  I actually know people in the affected areas of Japan AND I live on the recieving end of the plume on the West Coast.

 

Get over youself and try peeing standing up for a change.

Wed, 03/16/2011 - 21:05 | Link to Comment Uncle Remus
Uncle Remus's picture

What does the Matrix tell you it tastes like?

Wed, 03/16/2011 - 21:13 | Link to Comment WhackoWarner
WhackoWarner's picture

Now we have another wannabe join the boys club giggle idiot trying to join.

You give men a bad name.

Wed, 03/16/2011 - 22:29 | Link to Comment ColonelCooper
ColonelCooper's picture

If the posters here annoy you so much, you could certainly grab your manpurse and get the Hell out.

Wed, 03/16/2011 - 22:43 | Link to Comment Wannabee
Wannabee's picture

Whaco - lay off the wannabee references! Bigot...

Thu, 03/17/2011 - 02:09 | Link to Comment NidStyles
NidStyles's picture

Spamming your feminist idealism here?

Wed, 03/16/2011 - 16:36 | Link to Comment CitizenPete
CitizenPete's picture

Expert US geologist interview on FOX - the chances are good for a major earthquake in the U.S. (er... this month, as in now).

 

http://aucanary.blogspot.com/2011/03/earthquake-predictions-for-us-berkl...

Wed, 03/16/2011 - 17:07 | Link to Comment Out9922
Out9922's picture

Super-Moon on Saturday!!!!!!

Wed, 03/16/2011 - 18:04 | Link to Comment Arch Duke Ferdinand
Arch Duke Ferdinand's picture

""Super-Moon on Saturday!!!!!!""

Absolutely correct...Don't forget Saturn/Jupiter...

http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/03/planets-and-earthquakes.html

Wed, 03/16/2011 - 17:07 | Link to Comment drink or die
Wed, 03/16/2011 - 17:27 | Link to Comment Bad Asset
Bad Asset's picture

So do you think Obama is actually going to Rio, or is he headed for the bunker?

Wed, 03/16/2011 - 17:25 | Link to Comment Escapeclaws
Escapeclaws's picture

It's true animals are starting to act crazy. My cat, for instance, when she uses the litter box even scrapes with her paw on the side of the box where there is no litter. I just noticed this around the time of the Japan quake.

Wed, 03/16/2011 - 20:53 | Link to Comment OldTrooper
OldTrooper's picture

A cat acting wierd...imagine that.

Wed, 03/16/2011 - 23:32 | Link to Comment tsx500
tsx500's picture

it's damn true,about the animals !    my normally very well-behaved 7-yr. old dog just the other day started 'playing' w/ my tv remote control .... and for some reason he only is interested in the "PAUSE" button  . ? ... ? i can't figure it out...

Wed, 03/16/2011 - 18:31 | Link to Comment ElvisDog
ElvisDog's picture

Oh please, there is no method or computer model for predicting earthquakes. If anything, the massive Japanese earthquake relieved a lot of built-up stress in the tectonic plates making another, separate giant earthquake much less likely in the next few months.

Wed, 03/16/2011 - 21:45 | Link to Comment WhackoWarner
WhackoWarner's picture

and know you know this how?

Wed, 03/16/2011 - 16:38 | Link to Comment Creed
Creed's picture

Amen brother Chris. :)

 

Nailed it.

Wed, 03/16/2011 - 16:39 | Link to Comment trav7777
trav7777's picture

oh JFC...this is like throwing chum at piranhas around here

Wed, 03/16/2011 - 16:41 | Link to Comment SilverRhino
SilverRhino's picture

One of this threats - A derivative-fueled banking crisis.

Can you think of a better reason why Bank of Japan would spend 700 billion dollars (55T yen) in 4 days other than to try and forestall this?

 

Wed, 03/16/2011 - 16:55 | Link to Comment silvertrain
silvertrain's picture

700 billion, thats son of tarp without the vote...

Wed, 03/16/2011 - 19:05 | Link to Comment dark pools of soros
dark pools of soros's picture

and they only had $2.2 trillion debt before the quake...  large leg up for their size

Wed, 03/16/2011 - 16:45 | Link to Comment EscapeKey
EscapeKey's picture

Upcoming peak oil disaster? check.

Upcoming US Treasury disaster? check.

Upcoming nuclear disaster? check.

Upcoming Middle East disaster? check.

I mean, fuck me, we're literally swimming with black swans these days, and every problem - EVERY MOTHERFUCKING PROBLEM - is solved by printing even more money. Which leads to,

Upcoming currency crisis? check.

Wed, 03/16/2011 - 17:11 | Link to Comment RockyRacoon
RockyRacoon's picture

So, you're saying that the oddity now is a white swan.   Whodathunkit.

Wed, 03/16/2011 - 17:18 | Link to Comment TeamAmerica
TeamAmerica's picture

Beat me to it.   Exactly the point...the next tipping point is the day where nothing of importance is happening anywhere in the world.   Welcome to the new-new normal!

Wed, 03/16/2011 - 17:25 | Link to Comment strenue
strenue's picture

Thats like being a black sheep in a flock of black sheep...

Wed, 03/16/2011 - 18:51 | Link to Comment floydian slip
floydian slip's picture

"Albino" Black Swan Ahead?

Amidst all the news flowing around the Japan Super Quake - and we'll get to developments on that front in a moment - I want to start this morning's discussion on a "credit, where credit is due" note.

 

Last Monday in this column in "What's ahead in the libretto") , my friend Gary Lammert (the Economic Fractalist) had sent us a note predicting a March 8 high in the markets plus or minus a day.  Tuesday, right on call, the market rallied from an opening of 12,085 Dow to close at 12,214.38 and that high hasn't been bested since.

 

"OK, so what?"  Hand on there pard, Lammert sent me a note Sunday afternoon that explains now that his predicted high is in, we're about to go through something which would be as rare as an "albino" black swan event - something that happens every 250 years or so, and  probably equates to something on e degree larger than the South Sea Bubble popping in 1720...

 

http://urbansurvival.com/week.htm

Wed, 03/16/2011 - 22:23 | Link to Comment TerraHertz
TerraHertz's picture

You're not looking at this right. The next unexpected swan is the one with scales, fangs, tallons, and breathes fire. Oh, and shoots lasers from its eyes. Now *that's* a swan!

Wed, 03/16/2011 - 17:17 | Link to Comment mttendoy
mttendoy's picture

All brought to you by exponential population growth.....reap it.

Wed, 03/16/2011 - 18:55 | Link to Comment NotApplicable
NotApplicable's picture

Umm... how about no?

Try exponential government growth. Malthus fails because his projections never allow for the reality that (sans welfare) people tend to reproduce according to their ability to provide for the offspring. When times are good, large families can be supported. When times are bad, you have to focus your efforts on sustaining those already present. The idea of adding even more becomes a hardship to avoid.

Wed, 03/16/2011 - 21:31 | Link to Comment jeff montanye
jeff montanye's picture

they're hardly mutually exclusive.  we're sucking all the goodies (clean air, water, arable land, fossil fuel, wild animals, wilderness) from a finite world for a corporate/government fantasy of infinitely (and in many cases geometrically) expanding revenues, profits, income, debt, money and power.  

Thu, 03/17/2011 - 02:13 | Link to Comment NidStyles
NidStyles's picture

You don't pay attention to the issues we've been having with Inflation lately do you?

Wed, 03/16/2011 - 17:29 | Link to Comment DaveyJones
DaveyJones's picture

well said. The insane, artificial structures can be knocked out by an insane, unforseen real structure

Wed, 03/16/2011 - 19:37 | Link to Comment alien-IQ
alien-IQ's picture

And the big one...The cancellation of "Two and a Half Men" check - mate.

Wed, 03/16/2011 - 16:45 | Link to Comment bob_dabolina
bob_dabolina's picture

You can't hide from HAARP Trav

Wed, 03/16/2011 - 16:48 | Link to Comment EscapeKey
EscapeKey's picture

I don't buy that HAARP conspiracy theory bullshit. I read "Angels don't play this HAARP", and it was poorly written, constantly repeating information, and desperately trying to connect out-there theories with a set of admittedly interesting patents on ionospheric heaters.

Do they experiment with using the ionosphere to detect enemy missile launches? Yeah, they probably do. But it's a stretch and a half to think they use it to cause earthquakes and localized weather patterns halfway across the globe.

Wed, 03/16/2011 - 16:50 | Link to Comment bob_dabolina
bob_dabolina's picture

I dunno, I was just trolling for an emotional response.

I like it when he talks about birds shitting on cars.

Wed, 03/16/2011 - 17:04 | Link to Comment EscapeKey
EscapeKey's picture

I like it when he talks about birds shitting on cars.

Oh, apologies. I didn't realize I was dealing with an intellectual. :)

Wed, 03/16/2011 - 17:44 | Link to Comment Confused
Confused's picture

EK,

I have a hard time buying into the HAARP stuff as well. The only thing that keeps me from completely dismissing it, is that we have the ability to clone animals. While they are unrelated, one is just as crazy as the other (for a guy with no science background). 

Thu, 03/17/2011 - 00:13 | Link to Comment New World Chaos
New World Chaos's picture

As a certified lunatic and member of the ZH Moonbat Brigade, I can assure you all that HAARP can't trigger natural disasters.

Wed, 03/16/2011 - 18:19 | Link to Comment mophead
mophead's picture

Yep. It's just another conspiracy theory. The markets are NOT manipulated either. And the military would never stage an attack on Americans to justify war. There are terrorists everywhere. They hate our freedoms, that's why we have the patriot act. Also, there's no revolving door between Wallstreet and the Treasury. Goldman Sachs is doing God's work. They want to help us. Also, HFT provides liquidity to the markets, honest honest. And the military would never, ever try to control the weather, especially create earthquakes. That's just too diabolical. No one is that evil.

A false sense of security is worse than no security. Take your pick.

Wed, 03/16/2011 - 18:31 | Link to Comment EscapeKey
EscapeKey's picture

The markets are NOT manipulated either.

Scientifically possible with current technology.

And the military would never stage an attack on Americans to justify war.

Scientifically possible with current technology.

There are terrorists everywhere.

Scientifically possible with current technology.

etc, etc, etc.

Now, please explain how - despite a total lack of hard evidence - HAARP in fact is scientifically possible with current technology.

Wed, 03/16/2011 - 19:29 | Link to Comment Ahmeexnal
Ahmeexnal's picture

The flight of bees is scientifically impossible according to your much beloved science priests.

They also assured everyone a quadruplet reactor meltdown is also scientifically impossible with current technology.

Who you gonna call now? Ghostbusters?  Benny Hill?

Wed, 03/16/2011 - 20:59 | Link to Comment OldTrooper
OldTrooper's picture

Put me down for Benny Hill.  He always had young, hot, well-endowed ladies running around.  Very entertaining!

Thu, 03/17/2011 - 02:15 | Link to Comment NidStyles
NidStyles's picture

The flight of bee's is certainly scientifically provable. It's just that the physics behind are not the same as that of a bird's flight. That's how that rumor got started in the first place. Bernoulli has nothing to do with the what allow's bees to fly.

Wed, 03/16/2011 - 23:12 | Link to Comment TerraHertz
TerraHertz's picture

Actually, HAARP is perfectly real. It's only whether the installation has applications other than 'as advertised' that is in question.
A question to which there are two layers. One is whether HAARP can be used to control weather in some way. Considering the RF power HAARP can inject into upper layers of the atmosphere and ionosphere, I wouldn't be at all surprised if it can - the science there wouldn't be all that far beyond current public understanding.
The other layer is whether the HAARP installation can do really freakish things, like cause targetted earthquakes, anywhere on Earth.
To even contemplate such a question requires one to be aware of a fringe/weird science theory called 'Scalar Electromagnetics', aka Scalar EM or Scalar Waves. Also to have waded through a vast pile of Nikola Tesla myth looking for some curious nuggets of apparent truth. Then there's cranks (or not) like T. E. Bearden (coined the term Scalar EM) and his theories.
Despite that Bearden (like so many fringe theorists) goes off the deep end with a lot of his stuff, I find myself quite intrigued by some of his theories. I'm an electronics engineer, had a lifelong interest in physics, and love nothing more than picking apart wierd science for amusement. Trouble is, there's quite a lot about his Scalar EM theory that rings true. And fits with the Tesla legends, and a few other curious things. Too lengthy to discuss here.
The relevance of this being, that if Scalar EM theories are correct, 'earthquake guns' would be possible. And the guns might well look something like the HAARP installation does.

This is why I find the coincidence of this disaster happening RIGHT NOW disturbing. In the very month when the financial Elites and their rigged gold/silver-markets, CRIMEX empty vaults and silver delivery existential headache, and FED ponzi fiat currency and derivatives scams were about to start breaking down... Gee, I guess they won't all be hanging from lamp posts so soon after all. What *amazing* luck for them.

So I don't know, but suspect. More strongly because they were so in-your-face to sign the deed with another '11'. Also, HAARP and TARP. I hate coincidences like that. Random, or the sound of someone's evil laughter?

The problem is, IF this was a planned event, I don't think the nuke plants popping off in a row were part of it. More likely the plan involved just some tsunami destruction and a little blip in the Japanese economy. Not this... mosh pit of radioactive black swans on meth.
Unintended consequences can be a bitch.

Thu, 03/17/2011 - 04:44 | Link to Comment w a l k - a w a y
w a l k - a w a y's picture

wow, thank you for your insight!

Edit:

but wait, how did #3 reactor containment building begin to drop before the flash of the explosion? See my previous comment to Stunning Video of Reactor 3 Explosion:

by w a l k - a w a y
on Mon, 03/14/2011 - 00:32
#1048939

 

at 1.27 the roof begins to colapse

at 1.33 is the first fireball

hows that happen?

 

Never let a crisis go to waste?

Wed, 03/16/2011 - 20:13 | Link to Comment Uncle Remus
Uncle Remus's picture

Wait - the markets are manipulated?

Wed, 03/16/2011 - 22:11 | Link to Comment Yits and the Yimrum
Yits and the Yimrum's picture

well said

it is fairly black and white here in the States, your either a statist or your not

the sheep will never fathom that the Sqiud & Company mean to put them into perpetual servitude to their evil designs

materialism and globalism in the end mean that you can not decide anything for yourself

Wed, 03/16/2011 - 23:18 | Link to Comment Yardfarmer
Yardfarmer's picture

@escape key Obscurantist. the truth is plain for those who have eyes to see. http://kushmonster.blogspot.com/2010/08/with-plethora-of-incidences-of-e...

Wed, 03/16/2011 - 16:49 | Link to Comment Oso
Oso's picture

Im fairly disappointed in ZH (or at least one of the Tyler's).  There has been more fear-mongering and conjecture about scenarios than actual truth, which is the point of this site.  But now, any schizoid can issue an "alert" based on no actual information and it gets posted.

 

WTF IS GOING ON HERE?

Wed, 03/16/2011 - 16:57 | Link to Comment Misstrial
Misstrial's picture

Sorry, but this is what occurs when psychopaths are in charge. You just have to second-guess, reverse-engineer, and/or anticipate what the facts really are in situations in order to protect yourself and your family/loved ones.

http://www.strike-the-root.com/91/groves/groves1.html

~Misstrial

Wed, 03/16/2011 - 20:41 | Link to Comment Fearless Rick
Fearless Rick's picture

Right. Which is why I thought this guy was over the top somewhat, unless Cali falls into the ocean. And the moon and planets are doing their thing, soooo... be prepared, like any good Boy Scout. Apocalypse anywhere is not apocalypse everywhere.

Wed, 03/16/2011 - 21:41 | Link to Comment jeff montanye
jeff montanye's picture

maybe the four horsemen are not pawing that hill right over there but chris's call on the enhanced dangers to the treasury market (after maybe a month's strong rally) doesn't seem without good grounding in evidence-based likely outcomes.  

the yen first, then the euro, then the dollar.  get ready.

Wed, 03/16/2011 - 17:06 | Link to Comment Bokkenrijder
Bokkenrijder's picture

Totally agree with you Oso! Let's stick to the facts!

So far I've been very impressed with the FACTUAL coverage of ZeroHedge of this whole situation in Fukushima, but this is a real disappointment. Who is this Martenson nutcase anyways!?!

Wed, 03/16/2011 - 18:17 | Link to Comment DeltaDawn
DeltaDawn's picture

The facts:

1. We have no freedom of press or competent press.
2. Many of us have mentally noted many examples of those in government not doing the right thing.
3. There are many implosions occurring which you may not see if you are still glued in the old paradigm.

Martensen and millions of others know this and are trying to warn others.

Wed, 03/16/2011 - 20:44 | Link to Comment tgatliff
tgatliff's picture

Not to offend, but lets be realistic... Martensen gets paid for his visions...

The current events only strengthen the arguments of the "Fourth Turning" arguments.  I am shocked by how it nails what is going on now.  However, the world will not end, and around 2025 things will finally start to get better.

One thing I learned doing technology consulting in the food manufacturing business.  Not much can shut these guys down, and when one player goes down it simply makes the remaining that much stronger.

 

 

Wed, 03/16/2011 - 21:45 | Link to Comment jeff montanye
jeff montanye's picture

so someone whose advice people will pay for is suspect because of it?  don't prepare for a currency crisis because things will be better in fourteen years?  remember the site's motto.

Wed, 03/16/2011 - 21:59 | Link to Comment Yits and the Yimrum
Yits and the Yimrum's picture

the prices of soylent green are going up; thats all that matters

look at the garbage on the store shelves; not something that makes one optimistic about the future

if humans were given their freedom back, then we could be very optimistic indeed

Wed, 03/16/2011 - 18:40 | Link to Comment Ahmeexnal
Ahmeexnal's picture

Yeah, lets stick to the facts, shall we?

TEPCO says it's all under control. The Japanese government says they only need to find a powerplug to start the generators and we'll all be having a picnic on Fukushima reactor grounds in a couple days.

Emperor (and living God) Akihito has descended from heaven and spoken infinite truth to the mortals who should only fear him and not any insignificant nuclear cataclysm.

 

When those 600,000 rods (plus an unaccounted number of rods also being stored there from other countries) go critical and create the first human made nuclear lava volcano, will you call me GOD?

Wed, 03/16/2011 - 19:19 | Link to Comment pslater
pslater's picture

I suggest you do some reading on Chris Martenson's site.  He is far from a nutcase and besides ZH, his website is one I read EVERY day.

http://www.chrismartenson.com/

Wed, 03/16/2011 - 17:11 | Link to Comment kwc
kwc's picture

I agree.  Enough with the "alerts" from the Americas.

Enough with the idiotic "apologizing in advance".  

How did such nonsense syntax become idiomatic?

Doesn't the subjunctive use of "might" make clear the

uncertainty of the alert?  Just stop it and go hoe your 

garden.

Wed, 03/16/2011 - 17:22 | Link to Comment BorisTheBlade
BorisTheBlade's picture


WTF IS GOING ON HERE?

Just as everywhere, complete and utter confusion, which is understandable: too many important events in such a short period of time, with lots of noise around snippets of reliable information and little time to interpret them. Uncertainty, people freak out because of it much more than of the direct danger.

Wed, 03/16/2011 - 17:26 | Link to Comment Population Bubble
Population Bubble's picture

It has been suggested by some that humans create their own reality.  Quantum physics shows that the state of some of the fundamental building blocks of the universe are in stasis until observed, meaning that reality may be defined to some extent by the observer.

If humans do indeed create their own reality in complex ways that are far beyond our understanding then perhaps reality is shaped by the collective.  Perhaps when enough people feel like it is time for a reset then these feelings and perceptions have effects in the real world.

People look around and see all the other people and the problems and they don't like it and they become pessimistic.  Could it be that we are collectively ready to hit the reset button?  ZH is run by people, no different from the rest of us, seeing the need for and contributing to the collective reset.

Wed, 03/16/2011 - 17:52 | Link to Comment the_magician
the_magician's picture

ocean of consciousness. and we are just tiny drops in it. all connected.all as ONE. 

Thu, 03/17/2011 - 03:37 | Link to Comment New World Chaos
New World Chaos's picture

Yup, the Universe is a giant organism in the process of waking up and creating itself.  If it hasn't already learned how to control its own wavefunction collapse while observing itself, it soon will.  At that point it will probably do something about the Luciferians who would keep the Universe's neurons (us) in a state of eternal serfdom and ignorance, separate from the ONE.  The death of Lucifer's infinitely corrupt system is not only inevitable, it is a necessary part of the Plan.

The transcendent mind at the end of the Universe will manipulate events to pull its creation towards itself, like a reverse Big Bang.  He is the Alpha and Omega, the Beginning and the End.  Events are coming very quickly now, so we must be getting close to some kind of phase transition, some hundredth monkey threshold. Seeing this influence means that our branch of the Universe-tree has not been cut off from the ONE.  Without this connection we would probably not exist at all...

Wed, 03/16/2011 - 17:57 | Link to Comment metastar
metastar's picture

Or, perhaps we each live in our own reality. It is certainly true for The Ben Bernank.

Wed, 03/16/2011 - 18:02 | Link to Comment Shell Game
Shell Game's picture

'Real estate is a sure thing, it will go up, Up, UP!'

The Herd (circa 1995-2008)

Wed, 03/16/2011 - 18:48 | Link to Comment AuShoot
AuShoot's picture

+42

Wed, 03/16/2011 - 19:35 | Link to Comment Hicham
Hicham's picture

Damn...that post made me shiver...

Wed, 03/16/2011 - 20:23 | Link to Comment Uncle Remus
Uncle Remus's picture

Always with the negative waves Moriarty, always with the negative waves - Oddball

Wed, 03/16/2011 - 17:56 | Link to Comment Shell Game
Shell Game's picture

There was a lot of hate for the subprime chicken littles in the mid-2000s as well.  Time may very well prove Chris and others out. If a few thousand heed this advice, it was worth it.

Wed, 03/16/2011 - 18:48 | Link to Comment Creed
Creed's picture

-which is the point of this site

 

how do you know what the point of this site is/ is your name tyler?

 

-any schizoid can issue an "alert" based on no actual information

 

Chris is a schizoid? no actual info? clearly you neither read the article or know anything about the man, which means you're talking out your ass and you yourself are the problem you describe/pffft

Wed, 03/16/2011 - 22:36 | Link to Comment ColonelCooper
ColonelCooper's picture

++++

Wed, 03/16/2011 - 18:02 | Link to Comment Piranhanoia
Piranhanoia's picture

huh?  where's the chum?

 

Wed, 03/16/2011 - 18:48 | Link to Comment That Peak Oil Guy
That Peak Oil Guy's picture

Lol. Love the handle and avatar.

TPOG

Wed, 03/16/2011 - 16:38 | Link to Comment SilverRhino
SilverRhino's picture

His list of personal preps? 

This should have already been done.  

Wed, 03/16/2011 - 16:40 | Link to Comment -Michelle-
-Michelle-'s picture

Better late than never.

Wed, 03/16/2011 - 16:40 | Link to Comment kato
kato's picture

another one saying to stockpile toilet paper. FUCK OFF! crises come and crises go. unless you are in Japan it is not going to be so fucking bad. in Japan, nightmare for some.

Wed, 03/16/2011 - 16:42 | Link to Comment EscapeKey
EscapeKey's picture

Did you even read the fucking article? It's all connected to US Treasuries.

Yeah, the crisis will end, just as the Great Depression ended. Let's just hope it ends in a different way, eh?

Wed, 03/16/2011 - 16:55 | Link to Comment ColonelCooper
ColonelCooper's picture

Nope, he either didn't read it, or it was too bigwordy fer him to figger out.

Wed, 03/16/2011 - 17:00 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

If it can't fit into a tweet, then it is not worth saying right?  That is the mentality of many in my neck o' the woods.

Wed, 03/16/2011 - 16:41 | Link to Comment schoolsout
schoolsout's picture

Damn, and I just bought a tractor this week to start planting on our property....

Wed, 03/16/2011 - 17:27 | Link to Comment malusDiaz
malusDiaz's picture

then your doing well, keep at it! stick to the plan..

 

Thats one of the top things on his list: Renewable food, Good Job!

Wed, 03/16/2011 - 16:41 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Chris, 

No worries dude, I heard that Mars has life and in fact the martians have lots of gold and silver.  They will buy all the earth's debt with hard gold and silver coin in exchange for our oceans and atmosphere.  What could possibly go wrong.

 

I have an idea, how about if everyone just calls it like it is,  specifically that the vast majority of the debt is fraudulent.  Can't wait to use hard coinage again.  I am ready, bring it.

Wed, 03/16/2011 - 16:41 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Preparation is KEY to survival in these weird times.

Wed, 03/16/2011 - 17:05 | Link to Comment LFMayor
LFMayor's picture

Preparation H ?

Wed, 03/16/2011 - 20:55 | Link to Comment DosZap
DosZap's picture

DoChenSan,

Preperation is the the KEY to survival in ANY times.

Wed, 03/16/2011 - 16:42 | Link to Comment scratch_and_sniff
scratch_and_sniff's picture

Man i have been shitting myself from the moment i started reading this site...i just dont care anymore. If TSHTF im eating my children.

Wed, 03/16/2011 - 16:58 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

Unless they eat you first.

Wed, 03/16/2011 - 17:08 | Link to Comment InconvenientCou...
InconvenientCounterParty's picture

supply of obese children... check!

Wed, 03/16/2011 - 20:27 | Link to Comment Uncle Remus
Uncle Remus's picture

Man i have been shitting myself from the moment i started reading this site

TP - you should definitely stockpile TP.

Wed, 03/16/2011 - 16:43 | Link to Comment williambanzai7
williambanzai7's picture

Wed, 03/16/2011 - 16:47 | Link to Comment Wakanda
Wakanda's picture

reacter emergencies?

Wed, 03/16/2011 - 16:57 | Link to Comment ColonelCooper
ColonelCooper's picture

It's actually pronounced "reekter", and is the power manifold outlet in a reactor.

Wed, 03/16/2011 - 17:06 | Link to Comment Wakanda
Wakanda's picture

Ta git 'er dun we juss plug in da reekter?

Jeesum crowbar, nuttin' tuit!

Wed, 03/16/2011 - 18:36 | Link to Comment Adam Neira
Adam Neira's picture

That's a mighty big graphic !

Stuxnet was sent from the future like in The Terminator. It is the bastard offspring of  Shai-Hulud, i.e. the Sand Worms, of the desert planet Arrakis aka Dune.

Wed, 03/16/2011 - 16:43 | Link to Comment ivars
ivars's picture

Do not exagarate. A second USA recession , oil at 180 USD in 2012 and Sarah Palin as president, even return to gold standard ( or attempt) and military skirmishes in oil producing countries from Algeria to Kazahstan is no the end of the world.

Short stocks, invest in real stuff, go on living in slighty more revolutionary USA.

 

Wed, 03/16/2011 - 16:45 | Link to Comment EscapeKey
EscapeKey's picture

Sarah Palin is president. I bet somewhere out there, Palin is a bet between the elite, and in the event she gets elected, their sides will be splitting.

Wed, 03/16/2011 - 17:24 | Link to Comment TeamAmerica
TeamAmerica's picture

Randolph bets Mortimer that he can take a pretty airheaded chick and make her President of the United States.  One dollar, cash.

Wed, 03/16/2011 - 18:55 | Link to Comment AuShoot
AuShoot's picture

As scary as anything else I've read today. 

 

Did you mention Adak yesterday? Scarier still.

Wed, 03/16/2011 - 20:59 | Link to Comment DosZap
DosZap's picture

At least we would have someone with Americans interests at heart, and not playing golf 5 times a week, while the world burns.

And picking round ball bets.

This is YOUR POTUS.

What a Douchebag.

Thu, 03/17/2011 - 00:17 | Link to Comment ceilidh_trail
ceilidh_trail's picture

well said dz.

Wed, 03/16/2011 - 20:29 | Link to Comment Uncle Remus
Uncle Remus's picture

token

Wed, 03/16/2011 - 17:27 | Link to Comment Calmyourself
Calmyourself's picture

Why don't you keep your stunted intellect in Merry olde England and why your at it tell us all about your favorite Gordon and how he sold all your gold for $200/oz..   Once we are done laughing and catch our breath you can tell the worlds superpower how to run itself.

Wed, 03/16/2011 - 17:36 | Link to Comment EscapeKey
EscapeKey's picture

You seem to assume I voted for that moron. Congratulations, you couldn't be more smashingly wrong.

In fact, no-one did. He stepped into Tony Blair's place without an election.

Besides, even if I hate that despicable asshole, he's not an intellectual vacuum who can't even hack Couric's tough interview style.

Wed, 03/16/2011 - 18:26 | Link to Comment kreso
kreso's picture

A true gentleman would not feel obliged to answer the above question from the yankee.

Wed, 03/16/2011 - 18:33 | Link to Comment Calmyourself
Calmyourself's picture

The point stands, England sans the "City" is a shithole soon to be run by muzzies.  Your opinions on who should lead your betters is useless. Cheers.

Wed, 03/16/2011 - 21:04 | Link to Comment DosZap
DosZap's picture

soon to be run by muzzies

+100

Honey, the Barbs are at the gates!, Oh, ok,you did say INVITE them in.

Ok Dear.

Wed, 03/16/2011 - 17:38 | Link to Comment johnQpublic
johnQpublic's picture

i picture it more like that eddie murphy movie, 'trading places'

she gets elected, its gotta be on some sorta bet between rich elites

Wed, 03/16/2011 - 17:36 | Link to Comment Escapeclaws
Escapeclaws's picture

I'm planning on voting for her. I give up on the idea of someone responsible in charge. At least she will keep the comedians busy.

Wed, 03/16/2011 - 23:37 | Link to Comment TerraHertz
TerraHertz's picture

Bill Clinton can be her chief of cigars.

Wed, 03/16/2011 - 16:45 | Link to Comment Wakanda
Wakanda's picture

Very thoughtful, very good advice.  The SHHTF. 

I'm going to help people that have cared for me, and probably some folks that I have yet to meet.

We often reach for our best in times of crisis.

Wed, 03/16/2011 - 16:47 | Link to Comment scratch_and_sniff
scratch_and_sniff's picture

Dont go annoying them just yet...

Wed, 03/16/2011 - 16:47 | Link to Comment HungrySeagull
HungrySeagull's picture

I applaud this article as one of the best I have seen here.

Now may I add another dimension. That of Time, Shipping and Logistics.

Three years ago when wife suggested that we prepare, we were happy in everything and I laughed at her. No one is laughing now.

I and my wife have slowly prepared in different stages planned and spaced out between seasons. In addition we have relearned older technology and other things that will allow us to function as a family when things get bad.

The one thing I am worried about right now is this.

The last week or so I have essentially completed my series of purchasing as the last part of preparation. The UPS Brown trucks are coming in. I have carefully tried to source what we wanted from US Domestic sources. Not international sources.

I spend my time watching and tracking UPS order numbers each day wondering if for example... will the food make it out of Oregon before the fallout hits? Is it on the truck and rolling yet? That is just an example of my thinking.

Yesterday I learned that one vendor reported that they are buried in orders and have had to shut down order software and deal with a bare warehouse in addition to UPS dumping Japan bound items in the thousands back on thier freight dock because they are not taking anything to Japan right now.

How long will it take this week, this month before UPS breaks under the Christmas-Like season of packages? How much can the US Post Office and APO's as well as Military Logistics withstand 300 million US Citizens suddenly pulling goods out of stores?

The hardware down the street has maybe 20 shovels, tools, etc. However they can be cleaned out instantly and must wait on a truck each tuesday.

Some of these things are imported.

How much can the United States and Europe withstand?

 

TMI was not a problem because as a Child, the adults worried, the TV kept coverage and the people had no idea just how close until decades later.

Chenobyl was far away, but I remember Europe dealing with refugees and radiated vehicles etc.

The USA? Well.... I worry that the Just in Time Delivery System may begin to fail under such a demand placed by a Population in panic mode.

Maybe areas of the Nation such as our west are already self reliant and use, during winters that last 6 months. etc.

Wed, 03/16/2011 - 17:45 | Link to Comment Amish Hacker
Amish Hacker's picture

Just in Time is doomed, but don't worry, Seagull. We will be better off with a different system anyway, one that doesn't specialize in moving your salad 5,000 miles to your dinner plate. Think local sources, local storage. Yes, there will be a scary period of disruptions, but at the end of it we won't have no system, we just won't have this system. And that's a good thing.

But why would you be worried, since it sounds like you're 99% ready right now? Have confidence in your preparations, and in your ability to help your community when the time comes.

 

Wed, 03/16/2011 - 16:48 | Link to Comment FranSix
FranSix's picture

Jim Grant interview(extended coverage 3 parts):

 

http://www.bnn.ca/News/2011/3/16/Fundamental-problems-with-investing-in-...

Wed, 03/16/2011 - 16:49 | Link to Comment malikai
malikai's picture

Fully agree!

Wed, 03/16/2011 - 16:50 | Link to Comment ghostfaceinvestah
ghostfaceinvestah's picture

One thing's for sure - Bernanke won't let this crisis go to waste.

 

QE3 here we come.

Wed, 03/16/2011 - 16:52 | Link to Comment resipsaloquacious
resipsaloquacious's picture

What prattle.  A transparent attempt to get the end of timers of the ZH commentariat fully tumescent.  Pitiful stuff.  ZH should be ashamed.

Wed, 03/16/2011 - 17:16 | Link to Comment RockyRacoon
RockyRacoon's picture

They don't call 'em "hard times" fer nuthin.

Wed, 03/16/2011 - 17:17 | Link to Comment tj3
tj3's picture

tumescent, what is this?

Wed, 03/16/2011 - 17:31 | Link to Comment Calmyourself
Calmyourself's picture

What happens in Baracks pants when the Klingon he is married too gets jiggy..

Wed, 03/16/2011 - 23:22 | Link to Comment DaddyO
DaddyO's picture

 

made me laugh...

DaddyO

Wed, 03/16/2011 - 21:56 | Link to Comment Slipmeanother
Slipmeanother's picture

Tumescent I like

Wed, 03/16/2011 - 17:18 | Link to Comment Hulk
Hulk's picture

sshh, Sept 18, 08....never happened...

Wed, 03/16/2011 - 20:39 | Link to Comment Uncle Remus
Uncle Remus's picture

Channeling Bill Buckley again?

Wed, 03/16/2011 - 16:52 | Link to Comment jkruffin
jkruffin's picture

     9/11/01  Terrorist attacks on US

  + 3/10/11  Japanes Earthquake/Tsunami

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

 = 12/21/12  End of Mayan Calender/Apocalyptic Event suggested by some scientists

 

Who is prepared and who is not? Not a doomsayer myself, but not taking at least some preparations is ignorant. Stocks, fiat money, and gold/sivler are not going to save your life. Food, shelter, land, medicine, and other necesseties will.

Wed, 03/16/2011 - 17:15 | Link to Comment Lets_Eat_Ben
Lets_Eat_Ben's picture

OMFG!!!!!!

Wed, 03/16/2011 - 17:17 | Link to Comment RockyRacoon
RockyRacoon's picture

That's just down right weird...

Wed, 03/16/2011 - 17:20 | Link to Comment Lets_Eat_Ben
Lets_Eat_Ben's picture

wait just a min. The earthquake didn't hit until the 14:46 JST (05:46 UTC) on Friday 11 March 2011.

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