As Pressure In Reactor 3 Builds Again, Here Are The Downstream Effects From The Fukushima Catastrophe

Tyler Durden's picture

As the world awakes, Japan discloses another round of good news/bad news about the Fukushima crisis. The good news: Reactors 5 and 6 went into stable condition on Sunday, after a successful
cold shutdown, authorities said. The reactors at the power plant went into cold shutdown following restoration of cooling
functions late Saturday. Alas, 5 and 6 were never the issue to begin with. The same came not be said about reactors 1 through 4, where the bad news comes from this morning. According to the Japan Times, a risky venting of Reactor 3, which saw its pressure rising yet again, was being considered, which would see another release of radioactive gas into the environment. "Pressure within the No. 3 reactor at the Fukushima No. 1 nuclear plant
was rising at one point and Tepco considered releasing more radioactive
gas into the environment to avert serious damage to the containment
vessel, the nuclear safety agency said Sunday afternoon. Tokyo Electric Power Co. had considered releasing the contaminated steam
directly into the environment, not through a "suppression pool" as it
did earlier in the crisis. The pressure needs to be lowered to protect the structural integrity of
the reactor, and the first step is to open the valve on a pipe connected
to the suppression pool. By going through the suppression pool, the
reactor's gas would liquefy and thus lower the pressure." And here is where the recent Operation Irrigation is now backfiring: "But if the pool is already filled with water, a valve on the reactor
itself would need to be opened and the radiation level of the released
gas would be higher than with the first method,
explained Hidehiko
Nishiyama of the Nuclear and Industrial Safety Agency. "Without water, there would be more radioactive substances in the gas released into the environment."" In other words, the attempt (which some say is futile) to fill the containment pool with water is about to lead to another round of irradiation of the environment. And while all that is going on, here is what the already certain chain of downstream events is going to look like for the region, for Japan, and for the world.

From Reuters, the following is a roundup of the effect on the
energy and commodities sector of the devastating earthquake and tsunami
that struck the northeast coast of Japan.


  • Japan saw some success in its race to avert disaster at a
    tsunami-damaged power plant, though minor radiation leaks underlined
    perils from the world's worst nuclear crisis since Chernobyl 25 years
  • Japan may have reached a turning point in winning its
    week-long battle to prevent a massive radiation leak when it succeeded
    in connecting a power transmission line to the disabled Fukushima
    Daiichi nuclear plant.
  • Japan is considering whether to halt
    sales of food products from near a crippled nuclear plant because of
    contamination by a radioactive element which can pose a short-term
    health risk, the U.N. atomic agency said.
  • Russian Prime
    Minister Vladimir Putin proposed freeing up energy for Japan by
    increasing gas supplies to Europe and offered Japanese companies a slice
    of Siberia's gas industry.
  • Japan has raised the severity
    rating of the nuclear crisis to level 5 from 4 on the seven-level INES
    international scale, putting it on a par with the Three Mile Island
    accident in Pennsylvania in 1979.
  • Power blackouts can be avoided in the Tokyo area if demand stays at the current level, the trade ministry said.
  • TEPCO has announced rolling blackouts after its power generation was cut.
  • Japanese utility Tohoku Electric declares force majeure on its near-term thermal coal shipments due to port damage.


  • Japan's demand for oil, refined products and gas will increase in the
    medium term, but this will not have a significant impact on global
    supply and demand, Saudi Aramco CEO Khalid al-Falih told Reuters.
  • Showa Shell Sekiyu KK said on Friday that it has started full output
    at its four group refineries as part of efforts to ease a severe supply
    shortage after a powerful quake hit northeast Japan a week ago.
  • Showa Shell, 35 percent owned by Royal Dutch Shell and 15 percent by
    Saudi Aramco, said its four group refineries with total capacity of
    655,000 barrels per day have been making both surface and marine
  • JX Nippon Oil & Energy Corp, an oil refining
    unit of JX Holdings , boosts oil product output at two refineries in
    western Japan by 30,000 barrels per day in the wake of a supply shortage
    in the east of the country.
  • It is also taking other emergency
    measures, including importing oil from South Korea, buying from other
    refiners and cancelling exports.
  • Long lines have been forming
    at gasoline stations in Tokyo while many JX Nippon stations have been
    forced to close after running out of fuel.
  • Oil product
    output in Japan will recover to 3.4 million barrels per day by the end
    of March, a level above domestic demand, as idled refineries resume
    operations, said an oil industry body.
  • The government has
    asked 13 refineries in operation in West Japan to boost their running
    ratio to help ease the supply shortage.
  • JX Holdings is in talks with South Korea and China on oil products imports to help Japan meet its energy needs.
  • AOC Holdings says its refiner Fuji Oil Co has increased runs at the
    two fluid catalytic cracking units at its 140,000 bpd Sodegaura refinery
    after briefly reducing operations after the earthquake .
  • Three Japan-bound naphtha shipping fixtures from the Middle East,
    totalling 205,000 tonnes, fails to be completed due to the shutdown of
    several Japanese crackers.
  • Valero Energy said it is ready to
    supply refined products, such as gasoline and diesel, from its U.S. West
    Coast refineries to Japan.
  • JX Holdings says the refinery of subsidiary Kashima Oil Co remains shut.
  • JX Holdings declares force majeure on its refined product supplies as
    its stocks are depleted and distributions disrupted. The company is
    working to boost output at its refineries that are still operating and
    diverting products to domestic use instead of exports to meet a supply
  • Maruzen Petrochemical Co Ltd shuts its sole naphtha
    cracker in Chiba, east of Tokyo, with capacity to produce 480,000
    tonnes per year of ethylene.
  • Kyokuto Petroleum has restarted its 175,000 barrels per day (bpd) Chiba refinery.
  • JX Holdings shuts its 404,000 tonnes per year Kawasaki naphtha cracker near Tokyo.
  • Japan's Exxon Mobil group refiner TonenGeneral Sekiyu KK prepares to
    restart its 335,000 barrels per day Kawasaki plant, near Tokyo.
  • Mitsubishi Chemical halts two naphtha crackers at its Kashima plant after a power outage.


  • China's term shipments for refined copper from Japan may stay normal
    in March and April, though May and June remain a question mark after a
    massive quake forced some Japanese copper producers to stop production
  • Toho Zinc Co stops operations at its 139,200 tonnes per year Annaka
    zinc smelter and Onahama plant, which is used to treat zinc for
  • Japanese steel mills divert metallurgical coal
    cargoes due to plant outages. Possible destinations for the coal include
    South Korea and China.
  • Production at JFE Steel Corp's
    10-million-tonne per year Higashi Nihon plant is still halted due to
    power outages. JFE Steel is the world's No. 5 steelmaker. Fourth-ranked
    Nippon Steel has suspended operations at one small plant.
  • Sumitomo Metal Industries Ltd , Japan's No. 3 steelmaker, says
    production at its main Kashima plant in Ibaraki prefecture remains
  • Sumitomo Metal's main Kashima plant has a fire in a
    gas holder, which has been extinguished but the company says it does
    not know yet when the plant will resume operations. Sumitomo Metal has a
    total capacity of 14 million tonnes a year and the Kashima plant
    produces 8.3 million tonnes.
  • Nippon Steel's small Kamaishi
    plant, which had produced 60,000 tonnes a month of downstream steel
    products, remains shut. The company has resumed operations at a small
    seamless steel plant in Tokyo after briefly shutting it on Monday due to
    rolling power outages.


  • Shipping
    companies are confident of keeping goods moving through Japan's ports,
    using spare capacity at the largest to deal with cargo displaced from
    those devastated in last week's earthquake and tsunami.
  • Japanese ports handled 19 million units -- measured in twenty foot boxes
    -- of container shipments last year. As much as 7 percent of that had
    been shut off after the quake and tsunami hit northern Japan.
  • Two piers at the medium-sized Onahama seaport in Fukushima prefecture are now available for 30,000 tonne vessels.
  • Two smaller seaports further up the coast, Miyako in Iwate prefecture
    and Hachinohe in Aomori prefecture, will restore functions by the end
    of Thursday.
  • Japan's Sendai Gas says it will likely take more
    than a month to restart its Shinminato liquefied natural gas facility.
    All the remaining LNG terminals in Japan are in operation.
  • Three Japan-bound naphtha shipping fixtures from the Middle East,
    totalling 205,000 tonnes, fail to be completed after last week's quake
    forced the shutdown of several Japanese crackers.
  • The
    northeast coast ports of Hachinohe, Sendai, Ishinomaki and Onahama are
    so severely damaged that they are not expected to return to normal
    operations for months.
  • Hachinohe handles a wide variety of
    goods, including fuel products to the local fishing fleet and U.S.
    military installations in Japan and South Korea. Other ports handle
    goods ranging from coal and rubber to LNG and machinery.
  • The
    large container and oil port of Kashima is also closed, but officials
    expect four out 11 berths to resume operations in two weeks.
  • Other damaged ports include Hitachinaka, Hitachi, Soma, Shiogama,
    Kesennuma, Ofunato, Kamashi and Miyako. The ports handle products
    ranging from sugar and non-ferrous metals to cars and wood products.


  • Analysts say Japan may need to import about an extra 1 billion cubic feet of liquefied natural gas per day to make up for its lost nuclear power. Asian spot prices have risen by around 10 percent since the quake on expectations of higherdemand.
  • Royal Dutch Shell (RDSa.L) said on Friday two extra shipments of LNG from a Brunei plant have unloaded in Japan.
  • Indonesia may export surplus LNG to Japan. Energy officials could not say how much gas was available from a fieldoperated by Total (TOTF.PA), but one government minister said the decision would go up to the president, given Indonesia is trying to conserve LNG for its own growing domestic demand but also please Japan, a major infrastructure investor.
  • South Korea said on Friday Korea Gas Corp (036460.KS), the world's top corporate buyer of LNG, would supply 400,000 to 500,000 tonnes to Japan.
  • Top exporter Qatar says it is ready to increase shipments to Japan, its long-term buyer.
  • Energy trading house Vitol has offered two cargoes of LNG to Japan's Tokyo Electric Power Co (TEPCO) (9501.T).


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Dan The Man's picture

bury the damn thing

tallen's picture

+1. They should have started sanding and concreting over this a long time ago.

buzzsaw99's picture

They can't just bury all that spent fuel.

Ray1968's picture

With enough dirt, sand, and concrete you can bury ANYTHING.

Go long concrete.

Diogenes's picture

How long will it stay buried? It's on one of the most active earthquake regions in the world and it will not be safe to have lying around for at least 25000 years.

dick cheneys ghost's picture

south korea complaining of radiation from China.....yellow dust


nakedempire has a new blog.......thanks to zerohedge and the many zerohedge readers who have visited

Ben Fleeced's picture

Buy Italcemente/ESSROC.



eigenvalue's picture

But the nuclear radiation will still leak into the water. The best way is to use antimatter bombs to make the whole nuclear plant into a pile of photons!

Gully Foyle's picture


"But the nuclear radiation will still leak into the water. The best way is to use antimatter bombs to make the whole nuclear plant into a pile of photons!"

Much simpler solution

The Doctor: I reversed the polarity of the neutron flow.

jeff montanye's picture

but, but, can it be that simple??!!  aren't neutrons ... neutral with regard to polarity???!!!  can there be some flaw in using dr. who as our science advisor?  please say it ain't so!

spanish inquisition's picture

Right! The Doctor is not enough. We need to add the Men in Black and find the locker the plant is kept. Scoop it out with a spoon, then put it in the tardis and move it into space. The Enterprise can fly cover.

serotonindumptruck's picture

We may need to include Bill Nye "The Science Guy". I'm sure he can explain the particle physics of a reverse neutron flow while mixing red vinegar and baking soda as a visual aid.

snowball777's picture

Do you have any idea how much energy is required to create anti-matter, much less "anti-matter bombs"?

Bonus question: at what energy levels would those photons be after the annihilation? (hint: rhymes with jamma)


Sudden Debt's picture

So right! They should just ask the Bernanke man how to cover stuff up!



Math Man's picture

"Japan has raised the severity rating of the nuclear crisis to level 5 from 4 on the seven-level INES international scale, putting it on a par with the Three Mile Island accident in Pennsylvania in 1979."

Guess how many people died from TMI - exactly ZERO.  The fear mongering needs to stop - it's boarding on insane.  The world is not ending.

You can all stop worrying about Fukushima.  It's not going to be buried, it's not emmiting enough radiation to be harmful to anyone except those in close proximity.

The only thing that is going to be buried is more silver and canned hams in backyards of ZH readers.





Big Corked Boots's picture

Ham! I knew I forgot something. BRB...

gimli's picture

So is Rabies Ann ..... Bite Me.....!


Ruffcut's picture

Ann says "Yes, you too can survive brain damage,from ocular penetration." 

Frickin alien he-bitch.

"no weener is too big or too small, My adam's apple and stretched out butt hole, can handle them all."

Rodent Freikorps's picture

Mutants, Bitchezz.

Maybe the whole tentacle thing will wind up being prophetic.

buzzsaw99's picture

Drop a sump pump in the supression pool and drain it bitchez!

Rodent Freikorps's picture

Only the blood of pensioners will cool the core, and save Japan.

buzzsaw99's picture

Buy nuke credits from the squid, that will fix it!

Waterfallsparkles's picture

I do not think that I will buy any Tuna fish for the next year.  I also would not buy a car that was made in Japan.  It could be radioactive.  I also would not buy any goods shipped from Japan for at least a year as they could be radioactive.

Plus, they are going to be shipping sugar out of Japan?

Looks like that is one way to get rid of all of their radioactive products is to ship them to the US.

Gully Foyle's picture





Just a car and Tuna?

Halted Japanese Production Causes Worldwide Component Shortages

Case in point: Reuters is reporting that at least two LCD-producing assembly plants in Japan will both be out of commission for at least a month. A Toshiba Corp. plant and a Hitachi Ltd. plant are reported to be halting production of small LCDs. 

Toshiba's plant near Tokyo, which makes LCDs for smartphones, is busy repairing equipment knocked out of alignment by the quake, a Toshiba rep told Reuters. Another Toshiba plant in Japan was undamaged.

"Given that the market for smartphones outside Japan is pretty active, supply disruptions there could cause problems for some handset makers of some models," Damian Thong, an analyst at Macquarie Capital Securities told Reuters. The two Toshiba factories account for an estimated 5 percent of the global small LCD display market, he said.

Toshiba also made some of the reactors at the Fukushima nuclear plant and has experienced a 30 percent drop in its shares this week.

Meanwhile, Lenovo has expressed concerns over its parts supply. "In the short term there won't be much impact. We are more worried about the impact in the next quarter," Lenovo CEO Yang Yuanqing told reporters in Shanghai. Lenovo shares were also down -- 4.1 percent in day trading.

The regional disruptions, which have affected supplies of car parts and semiconductors as well, could threaten global supply chains and impact economic growth around the world. Key suppliers for batteries for notebook computers, such as Sony, have also shut down factories.

"Sony and Sanyo would be two of the key suppliers, and Sony has essentially shut down five or six of its factories in Japan so that's clearly going to cramp the battery supply for notebook PCs, where you see Lenovo making a big push these days. It's going to cast a lot of uncertainty over their Q2 ability to make shipments," Michael Clendenin, managing director of RedTech Advisors, told Reuters.

And it doesn't stop there. Ericsson, Alcatel-Lucent and STMicroelectronics also chimed in with warnings of limited supplies. In response, Taiwan -- whose economy is based largely on the high-tech sector -- has considered cutting tariffs on components if supply shortages continue.

"The impact from the earthquake has been limited as most companies have inventories at hand. But we're closely watching the power disruption situation in Japan. If necessary we'll consider lowering import tariffs on components," Lien Ching-chang, deputy director general of the Industrial Development Bureau of the economics ministry in Taiwan, told Reuters.


Waterfallsparkles's picture

So, if you buy an I phone or I pad it could contain radiation.  Then all of the scare tactics about causing brain cancer could come true.

Looks like it will affect Computers and screens for monitors and tv's as well.

What a mess.

Waterfallsparkles's picture

How about all of the fruits and vegtables from California?

You will need a gieger counter for your lettuce.

Gully Foyle's picture


I see California mentioned as getting radiation. But what about the rest of the coast up to Vancouver, and maybe Alaska.

The scary 750 rad map had a large footprint. How did that get downsized to just California?

And someone mentioned the entire Northern hemisphere.

So when does Vancouver get hit? Will the Canucks be more honest? How about Kansas?


Waterfallsparkles's picture

That is why I said tuna fish but I guess that could also include King Crab and other fish harvested around Alaska.

Forgot milk and cheese from California.  Remember the happy cow that went to California in that add?  That poor cow is not so happy anymore.

Just blows your mind to think how this could affect so much food and other things.

tmosley's picture

Just to be safe, I'm going on an all fiat diet.

snowball777's picture

High fiber. Goes right through you...back from whence it came.

Heavy's picture

Kind of poetic in a "from the dust, to the dust sort" of way.

knukles's picture

The radioactive isotopes ain't gonna stop at the CA-Nevada border.  Getcher lettuce from England?

serotonindumptruck's picture

Grow it yourself in a backyard greenhouse.

franzpick's picture

Well, I bought 60 more cans last week, doubling the tuna supply in my prep boxes, and will double that if things keep getting worse, then no more after a few weeks.  Stale-date is usually 3.5 years away.

Discovered canned salmon has a higher 5.5 year date, so I'm adding two boxes of that before reports of Pacific/west coast radiation start appearing.  Don't know how long the pipeline is but am already uncomfortable about buying Pacific seafood after a few months.

Been teased about prepping and my boxes of 6 months of stored food (bought on sale) but suddenly it's looking safer and priced right.

Gully Foyle's picture

Well this is a nifty reminder.

Gundersen: The chain reaction has stopped. That happened in two seconds. But the radioactive isotopes are still decaying away. They’ll decay for at least a year. So you have to release the pressure from that containment pretty much every day. With releasing the pressure will come releasing radioactive isotopes as well.

So yes, the Times is right that every plant — there are now three or four of them — will be opening up valves every day to make sure the pressure is down. And there will be releases from these plants for at least a year.

GlobalPost: How much of a health threat is that?

Gundersen: Within 90 days, the iodine health risks will disappear, because that will decay away. But the nasty isotopes — the cesium and strontium will remain for 30 years. And they’re volatile.

After Three Mile Island, strontium was detected 150 miles away from the reactor. That ends up in cow’s milk and doesn’t go away for 300 years. The releases from these plants will last for a year, and will contain elements that will remain in the environment for 300 years, even in the best case.

If we have a meltdown, it will be even worse than that.

GlobalPost: The ultimate risk in any nuclear accident is that the heat can grow so intense that the steel containment vessel is ruptured, releasing a large amount of radiation. You say there’s a 50-50 chance of this happening. What kind of health effects can we expect?

Gundersen: First, it’s important to know that this steel containment is about an inch thick. It’s not some massive battleship of steel. The reactor is already open, because the pressure relief valves have to stay open.

On top of that, these containments have already breached. We saw iodine and cesium in the environment before the first unit exploded. When you see that, that’s clearly an indication that the containment has breached.

Now, is it leaking 1 percent a day? Probably. Is it leaking 100 percent a day? No. I think for the neighboring towns out to 2 miles, they won’t have anybody back in them for five years. Out to 15 miles, I doubt you’re going to see anyone back for six months. And that’s in the best case, without a meltdown.

If we have a meltdown, I don’t think anyone will be back within 20 miles for 10 or 15 years.

GlobalPost: What would happen if they did return?

Gundersen: There would be higher incidence of cancer. The groundwater would be contaminated. With a meltdown, you’re worried about surface contamination of everything within miles of the plant, and groundwater contamination as well.

GlobalPost: How far would the ground water contamination spread?

Gundersen: Chernobyl had a meltdown, and that groundwater wedge is gradually working its way toward Kiev, which is a very large city [about 80 miles away]. That groundwater contamination lingers for 300 years. It’s not something that’s easy to mitigate.

GlobalPost: That’s a serious issue in a country like Japan with a large population and a small land area.

Gundersen: That’s right.

GlobalPost: You mentioned that the containment vessels have already been damaged. It appears that officials are reporting the opposite. How do you know you’re right?

Gundersen: We’re seeing iodine and cesium in the environment. That’s an indication that the containments are leaking. Exactly how much they’re leaking it’s hard to say.

I can’t understand how officials can say that the releases are low, when they don’t have any instruments that are working. Their batteries have failed, and when the batteries fail, all of the instruments stop working. So it’s hard to determine what the radiation levels are, and what the pressure levels are.

The Japanese and the nuclear industry are heavily, heavily financially invested in this. My experience is that, after Three Mile Island and after Chernobyl, everybody said there wasn’t a problem, until there was a problem. So I really don’t put much faith in official pronouncements the first week of an accident.

GlobalPost: So the people who have access to information have a self interest in making that information look as benign as possible?

Gundersen: Yes. On top of that, the officials don’t want to provoke a panic. So there’s a financial long term interest to try to minimize the impact. The flip side of that is that in the process you lose transparency. There is no transparency right now. We’re dealing with second hand information.

I understand from one source that the second unit cannot be vented, because the vent is jammed. I don’t know if that’s true or not. I have one source, and I like to have two. But this accident hasn’t played out yet. It could clearly get worse before it gets better.

GlobalPost: When you say the venting system is jammed, does that mean that pressure will keep building up until something catastrophic happens?

Gundersen: Yes.

GlobalPost: That sounds bad. There have been explosions at two of the buildings where the reactors are housed. You used to operate nuclear reactors. Would the control rooms be affected by these explosions? And how do they continue controlling the reactors under these circumstances?


Gundersen: Yes. The control rooms have become almost uninhabitable. The operators would have to be in Scott air packs, because the ventilation failed. Otherwise they would be breathing contaminated air. The control room is very close to these reactors. Probably 200 feet away. I doubt there’s much being done in the control rooms. They’re contaminated, and the air is unfit to breathe. It’s very difficult to get anything done if you’re wearing an air pack and a bubble suit.

GlobalPost: So how do they release the pressure? Are they sending people to the reactor to manually do these things?

Gundersen: They’ll send someone out to manually open a valve. And then that person will go back out to manually close a valve. In a high radiation field, there are only so many trips you can make before you’ve exceeded what they call emergency limits. So these people are picking up very large doses in very short periods of time. For their personal health, you can’t send them out again.

So they’re running through the available number of operators to do these high risk maneuvers.

GlobalPost: Is it highly skilled work?

Gundersen: Yes.

March 15, Kyodo

Also, a fire occurred around 9:40 a.m. at the plant's No. 4 reactor, where spent nuclear fuels are stored, but it was extinguished later, according to TEPCO. Edano said it was likely caused by another hydrogen explosion.

The nuclear agency said the explosion at the No. 2 reactor may have damaged the ''suppression chamber,'' a facility connected to the reactor's container which is designed to cool down radiation steam and lower the pressure in the reactor. It said a sharp decline in the pressure level of the chamber suggests damage.

Given that the building that houses the No. 2 reactor has already been damaged by Monday's hydrogen blast at the neighboring No. 3 reactor, a spread of radiation outside the plant has become a serious threat, experts say.

In Ibaraki Prefecture, just south of Fukushima, an amount of radiation up to about 100 times the usual level was measured Tuesday morning. In Kanagawa Prefecture, southwest of Tokyo, radiation of up to nine times the normal level was also briefly detected.

The Tokyo metropolitan government also said it has detected a small amount of radioactive materials such as iodine and cesium in the air of the metropolis.

The wind was blowing from north to south when the incidents occurred at the Fukushima plant.

The cores of the No. 1, No. 2 and No. 3 reactors at the plant are believed to have partially melted following Friday's magnitude 9.0 earthquake that hit northeastern and eastern Japan.




ShankyS's picture

Planet has now entered a state of Fuckwardation.

Rodent Freikorps's picture

Thanks, dude. I thought I might just be going mad.

My whole plan now is just to find a secluded valley with good water source. There is nothing left to save, but yourself.

TheGreatPonzi's picture

I'm also planning my expatriation. 

If you have any ideas I'm open to suggestions. I was personnally thinking about Guatemala. 

You can live cheaply there, the government and the police will leave you alone, and you can acquire a residency/citizenship very quickly, in total anonymity. 

Rodent Freikorps's picture

I'm planning on El Salvador. I have family there, and they have the highest density of educated workers in Central America.

The hell of it is, in all my travels, I have never felt more free than El Salvador. Truly good people.

eddiebe's picture

I don't know. I've been coming to Costa Rica for 4 years now every winter for 4 months. I have decided not to buy a property, even though the cost of living here is very affordable and people are friendly and there definitely is more freedom.

 The problem would come when the shit hits the fan.

How would the locals treat obvious gringos then? If you are a norte americano you will all of a sudden be 'persona non grata' and will have to get on the next plane if you can and head north to save your hide. These people are not stupid. They know where their serious money comes from, as long as it comes. They also know who has been exploiting them(and everybody else on the planet) and they will not stop to judge you for the nice person you may be, but only for the color of your skin and the passport you carry.

 So as long as the good times roll, sure this is the place to hang, but not, in my opinion, when the fecal matter hits the ventilator.  Pura vida!

TheGreatPonzi's picture

This is why it's obviously better to live in gated communities with loyal bodyguards. And it's also better to avoid displaying/transporting wealth in these countries. 

MSimon's picture

The cost of armed guards more than makes up for the low property costs. And then there is the loyalty thing.

TheGreatPonzi's picture

All right. I see everybody has his little excuse for not leaving.

You're free to continue to live in the USA and thus paying taxes to the Gov (i.e. financing it).

Rahm Emmanuel and Lloyd Blankfein thank you. You are good serfs.

serotonindumptruck's picture

It's easier to preserve your means of self-defense in the USA.

ceilidh_trail's picture

unless you renounce citizenship, you still have to pay uncle sam- no matter what country you reside in...

Diogenes's picture

I would say it is important to get in good with the locals. Join the church, and other organizations. Go to parties and social functions. Chip in to local charities (just enough to be a good sport, not enough to look like you are showing off). In other words become part of the community.

QQQBall's picture

IMO safer to lease or rent and keep a bag ready. When the country starts to unravel, just grab your bag and head for the airport or border. Its one thing to talk about being an expartiot, making a big financial committment in Centeral America or whereever sounds great over a few beers, but the reality is a little less sexy if you have to walk away from a chunk of your nest egg.