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This Is All That Greece Needs

Tyler Durden's picture





 

Listen up muppet masters - if you have put in a bid for that Greek jewel of Santorini on Ebay, it may be time to quietly withdraw from the auction. Because according to Georgia Tech, things may get rather shaky soon. Literally: "After decades of little activity, a series of earthquakes and deformation began within the Santorini caldera in January of 2011,” said Newman, whose research is published by Geophysical Research Letters. “Since then, our instruments on the northern part of the island have moved laterally between five and nine centimeters. The volcano’s magma chamber is filling, and we are keeping a close eye on its activity.” Because the only thing that Greece, whose primary business is tourism, needs, is for the biggest Cyclades tourist attraction to go up in a pyroclastic cloud.

From GAtech:

Newman, a geophysicist in the School of Earth and Atmospheric Sciences, cannot be certain whether an eruption is imminent since observations of such activity on these types of volcanoes are limited. In fact, similar calderas around the globe have shown comparable activity without erupting. However, Newman says the chamber has expanded by 14 million cubic meters since last January. That means enough magma has been pumped into the chamber to fill a sphere three football fields across.

 

Should Santorini erupt, Newman says it will likely be comparable to what the island has seen in the last 450 years.

 

That could be dangerous,” notes Newman. “If the caldera erupts underwater, it could cause local tsunamis and affect boat traffic, including cruise ships, in the caldera. Earthquakes could damage homes and produce landslides along the cliffs.”

 

More than 50,000 tourists a day flock to Santorini in the summer months (from May to October). It’s common to see as many as five cruise ships floating above the volcano.

 

Santorini is the site of one of the largest volcanic events in human history. The Minoan eruption, which occurred around 1650 B.C., buried the major port city of Akrotiri with more than 20 meters of ash and created Santorini’s famous, present-day cliffs. Newman says such history will likely not repeat itself any time soon. Such an eruption comes along once every 100,000 years, and the current inflation in the magma chamber is less than 1 percent of the Minoan blast.

An animation of Newman's GPS stations and the angles of movement is shown below.

 


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Fri, 03/16/2012 - 14:56 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

For a minute I thought the graphic was an image of the inside of Blankfein's front door.

Fri, 03/16/2012 - 15:00 | Link to Comment SheepRevolution
SheepRevolution's picture

I don't see any sheep among the sheeples on that island...

Fri, 03/16/2012 - 15:32 | Link to Comment sIewie the pi-rat
sIewie the pi-rat's picture

This movie shows physics-based computer simulations of the tsunami waves
from two volcanic explosions -- Krakatoa in 1883 and
Santorini (or Thera) in 1628 bc. Something like 35,000 people parished in the
Krakatoa tsunami. The Thera tsunami has been associated with downfall of an
entire civilization, the Minoans and of course, the tale of Atlantis.

http://www.youtube.com/watch?v=oMe55hfSSgU

 

For more tsunami information visit http://es.ucsc.edu/~ward

Fri, 03/16/2012 - 15:34 | Link to Comment AccreditedEYE
AccreditedEYE's picture

Guess Zeus is releasing the Kraken because he is so pissed the Greeks have become such a weak and feeble people....

Fri, 03/16/2012 - 15:57 | Link to Comment margaris
margaris's picture

Lets send santorum to santorini then.

Fri, 03/16/2012 - 16:14 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

if the greek finiMini is about to explode, it might not be "secure enuf" for hisCandidacy to reside there, even in exile

Fri, 03/16/2012 - 16:18 | Link to Comment Hard1
Hard1's picture

Ultra bullish news, after the explosion we get to rebuild the infrastructure.

Fri, 03/16/2012 - 18:24 | Link to Comment Mark Carney
Mark Carney's picture

Glad I got to visit Greece when I did (2009) just before the elections.  Eeryone was happy, no riots and great times.

 

Shit got bad fast.....

 

Lol, I remember joking with the wife as we were there that all people did was eat, drink and smoke (all while talking on their call phones). 

 

 

Their airport secrurity was so lax that I even accidently got on the plane with a can of arousal (axe)...authorities in Paris nearlt shit their pants when we transfered there.

Fri, 03/16/2012 - 19:10 | Link to Comment AldousHuxley
AldousHuxley's picture

riots limited to Athens

 

Santorini and Mykonos are fine

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

 

homeless beach bum enjoying natural beauty and food is happier than some investment bankster (ie. Greg Smith) selling his soul 100hours a week in rathole that is Manhattan pushing toxic derivatives.

 

In fact, low level banksters should be rioting against society for leading them to waste their lives and talent on corruption in prisons like New York or London.

 

 

Fri, 03/16/2012 - 19:18 | Link to Comment Mark Carney
Mark Carney's picture

True, but Athens is the gateway to the islands.

 

Strikes shut down the airport and ferries...kind of hard to get around you might say

Fri, 03/16/2012 - 23:43 | Link to Comment Marigold
Marigold's picture

Sounds like you prefer getting groped by the US authorities.

Sat, 03/17/2012 - 07:32 | Link to Comment ThisTimeIsDifferent
ThisTimeIsDifferent's picture

Absolutely bullish news. The Euros are finally learning the lessons from their masters:

http://www.youtube.com/watch?v=JG9CM_J00bw

Sat, 03/17/2012 - 22:05 | Link to Comment Harlequin001
Harlequin001's picture

What, the English?

Fri, 03/16/2012 - 16:36 | Link to Comment Common_Cents22
Common_Cents22's picture

and Obummer gets one more excuse for his poor economy.  The fall of the Santorinian economy.

Fri, 03/16/2012 - 16:22 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

can we get a banana slug pic, here, too, steve? 

Fri, 03/16/2012 - 15:03 | Link to Comment Sudden Debt
Sudden Debt's picture

I thought it was a representation of greeces gold and the arrows showed the directions it went to...

Fri, 03/16/2012 - 15:11 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

Looks like a bunch of 'em pointin' t'ward Belgium...

Fri, 03/16/2012 - 15:34 | Link to Comment Popo
Popo's picture

FWIW -- Don't believe that nonsense in the article about "Such an eruption comes along once every 100,000 years."  

That's patently false, and anyone who has read the Black Swan or at least understands the mathematics of calculating the probabilities for rare events knows that anyone who ever claims that something comes along "Once every 100,000 years" is almost certainly wrong.

Accurately calculating the probabilities of a once in a hundred year event is barely possible.  The dataset is cosmologically sparse and the models simply don't work in any predictive capacity.

What we *do* know is that the last eruption was 3600 years ago.  And that the near-term probability of another eruption is increasing.   The rest of our prior historic data simply isn't that meaningful from a mathematical/probabilistic perspective.

Fri, 03/16/2012 - 15:39 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Popo the Epistemocrat. You do realize that Taleb is just recycling the old induction problem hotly debated since Hume?

Fri, 03/16/2012 - 16:42 | Link to Comment shuckster
shuckster's picture

I agree - anytime I hear someone try to rebutt a prediction like this (a catasrophic one) - I assume only one thing - they are a paid government lacky. Anyways, using round numbers like 100,000 proves that these idiots have not done their homework. Numbers in nature never appear in 100,000's - that's a number contrived for human interactions because it is round and easy to remember. Reminds me of the TSA agent who said terrorists coming into an airport are 1 in 1,000,000,000 - (meaning there are 6 terrorists on the planet)....

Fri, 03/16/2012 - 17:40 | Link to Comment o2sd
o2sd's picture

Reminds me of the TSA agent who said terrorists coming into an airport are 1 in 1,000,000,000 - (meaning there are 6 terrorists on the planet)....

 

No, it means there are 6 terrorists on the planet that enter airports. The others are non-airport-entering terrorists.

Fri, 03/16/2012 - 17:52 | Link to Comment Tao 4 the Show
Tao 4 the Show's picture

Interesting aside: Nature magazine (important in the scientific world) recently had an article about how yes, there are more large earthquakes lately, but no, it's not important because it is mainly an artifact of better equipment in ecent years.

Could be correct, or could be a normalcy bias wrapped in a rationalization. Amazing how people think nothing changes.

Sun, 03/18/2012 - 01:13 | Link to Comment amadeusb4
amadeusb4's picture

OT, but what is this, 1999? Human population topped 7 billion recently. Now, there's an extra "airport" terrorist out there completely unaccounted for!

Fri, 03/16/2012 - 17:43 | Link to Comment Tao 4 the Show
Tao 4 the Show's picture

Generally agree with you about the stats, though these are arrived at In various ways depending on the field. He did mention that the expansion of the magma chamber is a fraction of what it was before the big eruption (presumably there is geological evidence for this), so there could be a physical reason for the prediction of a lesser eruption. But even if the 100k period is arrived at this way, it still depends on an assumption of constant fill rate.

For most people, it takes hard work to to understand probability and statistics - particularly when and where they do or do not apply. The unscrupulous and the ignorant have made a grand mess on the Internet and the freaked out public (those bothering to read beyond the MSM) is as confused as ever. Tough to sort out the truth these days.

Sat, 03/17/2012 - 12:09 | Link to Comment MsCreant
MsCreant's picture

Stats are a big part of my profession. I assure you, interpreting them is like reading the scum the tea leaves have left behind in your cup. You can learn something from it, but because the concepts you define are always hostage to language (socially constructed, not obdurate), you can "con"coct some really stupid conclusions from a set of numbers and not even know you did it.

I sat in on a doctoral presentation once where the student had already defended and passed, she was just presenting her stuff to the department, lots of sophisticated statistical analysis. After she was done and everyone applauded, I raised my hand and asked the student, "Why do we do statistics?" She informed me that if you have a big enough sample, you can make inferences about characteristics of the poplulation from that sample. She had all the census data from a country regarding actitity of NGOs. ALL. Everyone. I then asked her if she had a sample, or a population. She stood there like a deer caught in the headlights. Everyone in the room finally caught on. The elephant in the room was that she had already defended, turned it into the graduate school, everything. One of the other professors in the room (Graduate Coordinator) defended her by saying that statisticians ran numbers on populations all the time. I stopped at that point, because anyone paying attention knows you don't run inferential statistics on a population because you don't need to, you know the value.

I have pulled that stunt three times in my years in the profession. None were as far along as this student, but it happens more than you think.

Even the stat heads get stupid bout their stat. 

Fri, 03/16/2012 - 15:20 | Link to Comment Pool Shark
Pool Shark's picture

 

 

Okay... will the pranksters who have been moving the seismic devices knock it off already?

Go make some crop circles or something...

 

Sun, 03/18/2012 - 13:10 | Link to Comment Instant Wealth
Instant Wealth's picture

... or a turd's olfactory vector scheme?

Fri, 03/16/2012 - 17:06 | Link to Comment wombats
wombats's picture

Great opportunities for muppets to buy sea-side villas.

Fri, 03/16/2012 - 14:56 | Link to Comment seamus3500
seamus3500's picture

lava burns are transitory.

Fri, 03/16/2012 - 15:27 | Link to Comment Cpl Hicks
Cpl Hicks's picture

Is that a magma pocket in your shorts or are you just excited to see me?

Fri, 03/16/2012 - 15:31 | Link to Comment francis_sawyer
Fri, 03/16/2012 - 15:48 | Link to Comment ILikeBoats
ILikeBoats's picture

You can't eat lava!

Fri, 03/16/2012 - 17:01 | Link to Comment turtle777
turtle777's picture

That's just nonsense. Never heard of lava cake ?

Fri, 03/16/2012 - 15:15 | Link to Comment Silver Dreamer
Silver Dreamer's picture

Mother nature is not in the business of controlling magma inflation.  Besides, Yellowstone's Super Volcano has been expanding too, and the magma chamber there has seen record increases recently as well.  Here's one link of many about the topic:

http://www.sciencedaily.com/releases/2007/11/071108141612.htm

The measurements showed that from mid-2004 through 2006, the Yellowstone caldera floor rose as fast as 2.8 inches (7 centimeters) per year -- and by a total of 7 inches (18 centimeters) during the 30-month period, Chang says.

"The uplift is still going on today but at a little slower rate," says Smith, adding there is no way to know when it will stop.

Smith says the fastest rate of uplift previously observed at Yellowstone was about 0.8 inch (2 centimeters) per year between 1976 and 1985.

He says that Yellowstone's recent upward motion may seem small, but is twice as fast as the average rate of horizontal movement along California's San Andreas fault.

The current uplift is faster than ever observed at Yellowstone, but may not be the fastest ever, since humans weren't around for its three supervolcano eruptions.

Fri, 03/16/2012 - 15:39 | Link to Comment dontgoforit
dontgoforit's picture

Damn!  We're all gonna die! ....but, well yeah - we are all going to die.  Toast!  A toast - it's Friday and HappyHour has begun. 

Fri, 03/16/2012 - 22:09 | Link to Comment IAmNotMark
IAmNotMark's picture

Good idea!

hmmmm....Hennessy or The Macallan? 

Shit!  End of the world?  I'll do the Glenfiddich 21!  Better drink it all before I'm gone.

Fri, 03/16/2012 - 23:09 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

The current uplift is faster than ever observed at Yellowstone, but may not be the fastest ever, since humans weren't around for its three supervolcano eruptions.

If it goes again people will not be around for the end of this upcoming eruption.

Sat, 03/17/2012 - 03:51 | Link to Comment RafterManFMJ
RafterManFMJ's picture

since humans weren't around for its three supervolcano eruptions.

 

...and if they were, they were unable to draw 'breaking news' cave art before they were immolated.

Fri, 03/16/2012 - 15:02 | Link to Comment slaughterer
slaughterer's picture

Now that the Greek economy is destroyed, why not destroy the nature?  Does the vampire squid have earthquake inducers?   

Fri, 03/16/2012 - 15:06 | Link to Comment cossack55
cossack55's picture

HAARP

Sat, 03/17/2012 - 13:18 | Link to Comment Dave Thomas
Dave Thomas's picture

So ionizing the ionosphere causes earfquakes?

Get back to Rense you nutter!

Sun, 03/18/2012 - 09:22 | Link to Comment Maxter
Maxter's picture

No, it is about heating the water underground near the faults.  You know, a bit like "hydraulic fracturing".

The ionosphere is only useful to refelct teh waves back to teh earth,

Fri, 03/16/2012 - 16:38 | Link to Comment Common_Cents22
Common_Cents22's picture

Michael Moore could single handedly plug the hole.

Fri, 03/16/2012 - 15:00 | Link to Comment Possible Impact
Possible Impact's picture

Remember that "1000 points of light" quote:

"One moment there had been nothing but darkness; next moment a thousand, thousand points of light leaped out..." - C.S. Lewis

Fri, 03/16/2012 - 15:32 | Link to Comment Popo
Popo's picture

Apparently written for those who do not know what a million is.

...and a point has no dimension, so what exactly is it's magnitude and how does one know when it "leaps out"?

 

 

Fri, 03/16/2012 - 15:37 | Link to Comment dontgoforit
dontgoforit's picture

Ur so deep...I like it!

Fri, 03/16/2012 - 23:11 | Link to Comment TheMerryPrankster
TheMerryPrankster's picture

In astronomy magnitude is a measure of brightness, not dimension or size. a million? the price of a barrel of oil in a hundred years?

Fri, 03/16/2012 - 15:00 | Link to Comment Lmo Mutton
Lmo Mutton's picture

It may be increasing but its on zero volume so expect a collapse back to the new normal.

Fri, 03/16/2012 - 15:01 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

Pompeii...part deux?

Fri, 03/16/2012 - 15:01 | Link to Comment Christoph830
Christoph830's picture

When it rains, it fucking pours.  Wow

Fri, 03/16/2012 - 15:01 | Link to Comment aVian
aVian's picture

LDS Lava Default Swap?

 

 

Fri, 03/16/2012 - 15:01 | Link to Comment BeachBanker007
BeachBanker007's picture

Hello Newman...

Fri, 03/16/2012 - 15:01 | Link to Comment BeachBanker007
BeachBanker007's picture

Hello Newman...

Fri, 03/16/2012 - 15:03 | Link to Comment jus_lite_reading
jus_lite_reading's picture

TYLER! Shame on you!! This event will be SUPER BULLISH for the global economic ponzi because the ECB and FED will print another trillion or 5 in ponzi cash and the stock markets will rally just like the 3/11/11 earthquake/tsunami/nuclear catastrophe. And with a little luck, and a newer verison of the iPad/iPhone/iShit coming out to keep the sheep in a comatose, everyone will soon forget the whole thing ever happened!! 

I mean... DAMN! The Mayans ain't got shit against a mad man with a printer!!

Fri, 03/16/2012 - 15:23 | Link to Comment CH1
CH1's picture

MEGA broken windows, bitchez!!!

Fri, 03/16/2012 - 15:02 | Link to Comment geminiRX
geminiRX's picture

Zerohedge has this strange attraction to volcano stories...

Fri, 03/16/2012 - 15:05 | Link to Comment Sudden Debt
Sudden Debt's picture

Anything that ends with a bang has it's place on zerohedge.

Fri, 03/16/2012 - 15:13 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

All things devastation.

 

ATD

Fri, 03/16/2012 - 15:08 | Link to Comment cossack55
cossack55's picture

Yes, odd. Its not like volcanos have played any part in the HISTORY of the human species. 

Fri, 03/16/2012 - 15:25 | Link to Comment NotApplicable
NotApplicable's picture

Nor do they have economic consequences, apparently.

Fri, 03/16/2012 - 15:47 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Let this be a tiny lesson, folks.

This is why Greece has no oil.  A few million years of quakes and volcanoes crack any caprock that tries to form that could trap oil beneath.

It's why Japan has none.  It's why Hawaii has none.  It's why the Philippines has none.  It's why Greece has none.

 

Fri, 03/16/2012 - 15:06 | Link to Comment Clayton Bigsby
Clayton Bigsby's picture

There's that Italian cruise ship they can all escape on... er, wait...

Fri, 03/16/2012 - 15:06 | Link to Comment kito
Fri, 03/16/2012 - 15:13 | Link to Comment jus_lite_reading
jus_lite_reading's picture

That ain't nuttin'

http://www.boulderweekly.com/article-7856-antisec-dumps-monsanto-data-on-the-web.html

Monsatan... the most evil corporation in the history of mankind

Fri, 03/16/2012 - 15:30 | Link to Comment kito
kito's picture

you aint kiddin.... +1

Sat, 03/17/2012 - 01:06 | Link to Comment Cathartes Aura
Cathartes Aura's picture

aye, fk monsanto, and the Dow chemical horse they rode in on. . .

 

Exclusive: Dow seeking deregulation of GE corn resistant to 2,4-D, a major component of Agent Orange


Dow AgroScience, LLC, is petitioning the U.S. government to deregulate a genetically engineered variety of corn that is resistant to 2,4-D, an extremely toxic pesticide that was 50% of the recipe to making Agent Orange (used in the Vietnam War as a weapon of mass destruction).

This is all admitted right out in the open in the federal register text:
http://www.federalregister.gov/articles/2011/12/27/2011-33009/dow-agr...

"We are advising the public that the Animal and Plant Health Inspection Service has received a petition from Dow AgroScience LLC seeking a determination of nonregulated status of corn designated as DAS-40278-9, which has been genetically engineered for increased resistance to broadleaf herbicides in the phenoxy auxin group (such as the herbicide 2,4-D) and resistance to grass herbicides in the aryloxyphenoxypropionate acetyl coenzyme A carboxylase inhibitor group (such as quizalofop herbicides)."

The chemical pesticide group 2,4-D can cause acute toxicity and was a major component (roughly 50%) of Agent Orange, says Cornell University. . .

What's most astonishing about this petition request is that if it is approved, the U.S. would then become an "agricultural war zone" where genetically engineered corn is "carpet bombed" with 2,4-D chemicals. Being resistant to such chemicals, the GE corn may then uptake those chemicals into its own structures and grain kernels, thereby creating corn laced with 2,4-D that would be unleashed when you eat your corn-based breakfast cereals or corn tortillas. . .

http://www.naturalnews.com/034492_Dow_AgroScience_deregulation_2-4-D.html

Fri, 03/16/2012 - 15:07 | Link to Comment Doubleguns
Doubleguns's picture

Maybe that animation is the spartans rising from the dead. They are pissed off over the default and loss of honor and glory. When they explode it will be real ugly. I am sure there are at least 300 of them.

Sat, 03/17/2012 - 12:15 | Link to Comment MsCreant
MsCreant's picture

That would be sparta.

Fri, 03/16/2012 - 15:07 | Link to Comment Dick Gazinia
Dick Gazinia's picture

Bascilla on one hand - Caribdus on the other.

Fri, 03/16/2012 - 15:09 | Link to Comment williambanzai7
williambanzai7's picture

DIAGRAM OF MOUNT GOLDMAN

Fri, 03/16/2012 - 15:12 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

WB7 - how do you gin this stuff up so fast???  You are an artisan.

Fri, 03/16/2012 - 15:26 | Link to Comment slaughterer
slaughterer's picture

Do not forget: Muppets form the crumbling bedrock of this volcano.   

Fri, 03/16/2012 - 15:38 | Link to Comment francis_sawyer
francis_sawyer's picture

BULLshIiSHt!

Fri, 03/16/2012 - 15:49 | Link to Comment williambanzai7
williambanzai7's picture

I had this one in storage. But I could do another on a dime ;-)

Fri, 03/16/2012 - 15:15 | Link to Comment cossack55
cossack55's picture

I believe the magma chamber in your pictograph is growing larger than 5-9 centimeters per second.

Fri, 03/16/2012 - 15:34 | Link to Comment dontgoforit
dontgoforit's picture

Ur a talented dude, dude! 

Fri, 03/16/2012 - 15:42 | Link to Comment MrBinkeyWhat
MrBinkeyWhat's picture

This is not a critique, because you are a Fu##ing genius, but the "Muppet" layer appears to be missing. Just saying...;-)

Fri, 03/16/2012 - 15:47 | Link to Comment williambanzai7
williambanzai7's picture

Secret: I had this in my vault. But I did slap it together originally when the Iceland volcano first blew up ;-)

Fri, 03/16/2012 - 15:54 | Link to Comment OldE_Ant
OldE_Ant's picture

lol put some pubs on it and call it the anatomy of the FEDcrack and then label it Bens Hen Den.

Fri, 03/16/2012 - 18:10 | Link to Comment steelhead23
steelhead23's picture

Stuff like this has me coming back to ZH again and again.

Actually, I figure this is all disinformation, intended to drive the sale price down so GS could make a nice profit - or is it TD?

Sat, 03/17/2012 - 18:07 | Link to Comment potlatch
potlatch's picture

As per another poster, this is basically right, except this is not the actual Firm, I mean, this actual Island.  That is in fact Blankfien's outdoor back pool, the one out near the infinite field of sunflowers.  Geothermally heated to his exact specifications.  It's just needs a bit tweaking as you age; get used to it.  Wait till he is in his 90's.  He'll have it *way* turned up.

 

Hey, he earned it.

Fri, 03/16/2012 - 15:19 | Link to Comment digalert
digalert's picture

This is why I don't believe the global warming, climate change, humans are the problem bullcrap. Mother Nature is in charge, always has been and always will be, long after we are gone.

Do you think a carbon tax could prevent this?

Fri, 03/16/2012 - 15:27 | Link to Comment NotApplicable
NotApplicable's picture

More likely a strongly worded treaty.

Fri, 03/16/2012 - 15:42 | Link to Comment Piranhanoia
Piranhanoia's picture

It's easy to find.  Start when the hole in the ozone layer was found in the early 70's.  Then the data on why it happened.  Just one of the thousands of acts humans do to outthink their survival instinct.

Fri, 03/16/2012 - 15:16 | Link to Comment Diogenes
Diogenes's picture

Time to put the good china under the bed and check your insurance policies.

Fri, 03/16/2012 - 16:50 | Link to Comment Negro Primero
Negro Primero's picture

ZEUS is striking back with revenge!

"Is Germany’s super-volcano awakening? We think so…"

http://theextinctionprotocol.wordpress.com/2011/02/15/is-germanys-super-...

 

Fri, 03/16/2012 - 15:19 | Link to Comment tamboo
Fri, 03/16/2012 - 15:23 | Link to Comment q99x2
q99x2's picture

Poof - and not a minute too soon.

Fri, 03/16/2012 - 15:25 | Link to Comment gaoptimize
gaoptimize's picture

Supervolcano...bitchez!  http://en.wikipedia.org/wiki/Minoan_eruption

In a scenario like this, the consequences would be global.

Fri, 03/16/2012 - 15:33 | Link to Comment TomGa
TomGa's picture

 

"All it would take is a single crack in the magma chamber, the sea would rush in, cold water hits red-hot magma, instantly flashes into steam, pressure builds and then 'Boom!' Insto-presto - no more Santorini."

Kind of like what will happen at Fukushima when the corium finally melts all the way through the concrete floor, except Santorini would be a much bigger boom and a lot less radioactive.  

 

 

Fri, 03/16/2012 - 15:29 | Link to Comment Sophist Economicus
Sophist Economicus's picture

Can I short magma?

Fri, 03/16/2012 - 15:32 | Link to Comment cossack55
cossack55's picture

Yes. Use asbestos currency.

Fri, 03/16/2012 - 15:29 | Link to Comment Piranhanoia
Piranhanoia's picture

I'll bid. The financial system will collapse before Santorini blows it's wad.

Fri, 03/16/2012 - 15:31 | Link to Comment dontgoforit
dontgoforit's picture

where there's shit, there's fire

Fri, 03/16/2012 - 15:34 | Link to Comment Yen Cross
Yen Cross's picture

 Who said China has the corner on rare earth minerals? Mother Nature is about to mine "shiploads" of " Santorinite"!

Fri, 03/16/2012 - 15:40 | Link to Comment Trader47
Trader47's picture

I Blame Bush, the one with higher IQ, -160, Large shish for me

Fri, 03/16/2012 - 15:40 | Link to Comment Vince Clortho
Vince Clortho's picture

There is only one man who can save Santorini.  The very same man that saved the world economy.

We all know who that man is.

Give him a snorkel and a rock-hammer.

Everything should be fixed before the next Club Fed meeting.

Fri, 03/16/2012 - 15:45 | Link to Comment MrBinkeyWhat
MrBinkeyWhat's picture

I am the Egg Man, I am the Walrus, I am the Muppet! Goo goo be joo!

Fri, 03/16/2012 - 15:46 | Link to Comment Piranhanoia
Piranhanoia's picture

Try Doc Klemetti if you want to know about vulcanology;   http://www.wired.com/wiredscience/eruptions    He is a professional bullshit exterminator. 

If you have a smoker near you;   http://bigthink.com/ideas/26619    This is every volcano webcam on the beach ball.  So far.

Fri, 03/16/2012 - 15:50 | Link to Comment EBR MOD 0
EBR MOD 0's picture

Is that a EEG of Bernanks brain?

Fri, 03/16/2012 - 15:51 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Finally Greece got some growth. The glass is half full Ladies!

Fri, 03/16/2012 - 16:43 | Link to Comment Common_Cents22
Common_Cents22's picture

Greece could export lava lamps and be saved.

Sat, 03/17/2012 - 12:21 | Link to Comment MsCreant
MsCreant's picture

Geothermal energy!

Fri, 03/16/2012 - 15:52 | Link to Comment Agent P
Agent P's picture

I hope it doesn't erupt...that would be bad for Icelandic air travel.

Fri, 03/16/2012 - 15:57 | Link to Comment The Reich
The Reich's picture

If  Santorini sinks Greek GDP will go skyrocketing.

Fri, 03/16/2012 - 16:06 | Link to Comment Moneyswirth
Moneyswirth's picture

Ha Ha Ha Ha Ha Ha

Fri, 03/16/2012 - 16:08 | Link to Comment John Wilmot
John Wilmot's picture

Hephaestos is pissed, break out the goats and virgins.

Sat, 03/17/2012 - 02:25 | Link to Comment agrotera
agrotera's picture

...nope, they've dedicated plenty of goats already -- Zeus will show himself soon!!!

Fri, 03/16/2012 - 16:27 | Link to Comment Olympia
Olympia's picture

History shall repeat itself in a far greater scale and therefore the benefit for the leading roles shall be much greater. If ancient Greeks won the battle against the barbarity of the East in favour of Europe, then modern Greeks are those who are meant to win the battle against the barbarity of both Eastern and Western world in favour of the human kind. The world has become a little “village” and in this “village” everyone knows what the character of the others is.

Read all about the global financial system and Greece here:

Global Debt Crisis
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html

World War III - The first private War in History
http://eamb-ydrohoos.blogspot.com/2012/02/world-war-iii.html

Germany, the disgrace of Europe
http://eamb-ydrohoos.blogspot.com/2012/02/germany-disgrace-of-europe.html

Authored by Panagiotis Traianou

Fri, 03/16/2012 - 17:47 | Link to Comment Dermasolarapate...
Dermasolarapaterraphatrima's picture

Don't fall for it. Once you buy the island, the next gub'mint will declare the title transfer invalid and repossess the island back. The Mexican and Spanish Gub'mints have been playing this trick for years, luring foreign investors there to buy $$$$ houses only later to declare the previous poeple "had no right to sell the property" as they declare all the transactions invalid and no return of your Moolah.

It's a great scam for them, sad for the buyers who are mostly retirees.

Fri, 03/16/2012 - 18:09 | Link to Comment boiltherich
boiltherich's picture

The prospect of an eruption on Santorini will probably bolster tourism.  I come from the most tsunami prone town on the west coast and every single time those sirens go off you see dumb asses head for the beach to see the tidal waves.  Never fails someone or some few gets killed because they went down to see the waves.  There is no lack of people who will head to Greece if they think there is a volcano about to blow.  If you doubt this then you grossly overestimate the intelligence and survival instinct of our species. 

Fri, 03/16/2012 - 18:24 | Link to Comment Father Lucifer
Father Lucifer's picture

 

 

6.Sixth Seal: (6:12-17)
 1.There occurs a great earthquake where "the sun becomes black as sackcloth of hair, and the moon like blood" (6:12).
 2.The stars of heaven fall to the earth and the sky recedes like a scroll being rolled up (6:13-14).
 3.Every mountain and island is moved out of place (6:14).
 4.The people of earth retreat to caves in the mountains (6:15).
 5.The survivors call upon the mountains and the rocks to fall on them, so as to hide them from the "wrath of the Lamb" (6:16).

Fri, 03/16/2012 - 21:11 | Link to Comment Miffed Microbio...
Miffed Microbiologist's picture

Whoa....this is a rumbling caldera. Something that happens quite often on this planet. I was living 50 miles from Mt Saint Helens when it erupted, impressive but hardly " end of the world". Going to the Rapture seems a little premature don't cha think?

Sat, 03/17/2012 - 00:01 | Link to Comment onarga74
onarga74's picture

...and the Dow was up 135 points after a morning press conference with Ben Bernankes cousin.

Sat, 03/17/2012 - 00:21 | Link to Comment Yen Cross
Yen Cross's picture

 The Dow closed down 2/100's. Sarah you are Light Years beyond reality.

Fri, 03/16/2012 - 19:22 | Link to Comment Crash2012
Crash2012's picture

Obviously, the Greeks should have taken up the Germans on that earlier offer to sell them an island instead of the can kicking debt deal.

Fri, 03/16/2012 - 19:29 | Link to Comment Jim in MN
Jim in MN's picture

The Earth just threw up in its mouth a little.

Sat, 03/17/2012 - 15:35 | Link to Comment navy62802
navy62802's picture

The Keynesian wet dream. Paul Krugman, himself, couldn't order up a better disaster.

Fri, 03/16/2012 - 22:37 | Link to Comment cnhedge
Fri, 03/16/2012 - 23:23 | Link to Comment Yen Cross
Yen Cross's picture

 Bonzai. You crave what the market is giving.

                                                                 You're content will outwit Warhal.   Am I in line?

Fri, 03/16/2012 - 23:38 | Link to Comment Stuck on Zero
Stuck on Zero's picture

I've spent a lot of time on Santorini.  My boss used to own a quarter of the island.  It's an incredible place.  I hope nothing happens to it.  The towns of Fiera and Oia are perched right on the edge of 1000 foot cliffs with incredible views.  I recommend a visit by anyone.  Take the ferry from Piraeus.  Flying in is a pain.  There's no place else like it.

Sat, 03/17/2012 - 00:26 | Link to Comment TheBadgersSett
TheBadgersSett's picture

Fuck it. Would've made my day to see it explode the day after Greece flogged it to the banksters for a substantial slice of get the fuck off my land.

Sat, 03/17/2012 - 02:21 | Link to Comment agrotera
agrotera's picture

The Greeks are underestimated-and no one has heard the fat lady sing--when she sings, you will see the soul  of the Greeks and we will all remember the song the same way we remember this voice, their soul, from over 3000 years ago !!!

Sat, 03/17/2012 - 06:02 | Link to Comment Olympia
Olympia's picture

History shall repeat itself in a far greater scale and therefore the benefit for the leading roles shall be much greater. If ancient Greeks won the battle against the barbarity of the East in favour of Europe, then modern Greeks are those who are meant to win the battle against the barbarity of both Eastern and Western world in favour of the human kind. The world has become a little “village” and in this “village” everyone knows what the character of the others is.

Sat, 03/17/2012 - 06:05 | Link to Comment Olympia
Olympia's picture

@Agrotera

Feel free to Read all about the global financial system and Greece here:

Global Debt Crisis
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html

World War III - The first private War in History
http://eamb-ydrohoos.blogspot.com/2012/02/world-war-iii.html

Germany, the disgrace of Europe
http://eamb-ydrohoos.blogspot.com/2012/02/germany-disgrace-of-europe.html

Authored by Panagiotis Traianou

Sat, 03/17/2012 - 13:48 | Link to Comment agrotera
agrotera's picture

Dear Olympia,   Thank you for the info you intended for me in your reply--can't get your links but if you dont mind, please copy and paste your info in another reply. 

Best regards,

Agrotera

Sat, 03/17/2012 - 14:09 | Link to Comment Olympia
Olympia's picture

Dear Agrotera,

Hereby I send you again the links:

General Link
http://eamb-ydrohoos.blogspot.com/search/label/ENGLISH

Global Debt Crisis
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html

World War III - The first private War in History
http://eamb-ydrohoos.blogspot.com/2012/02/world-war-iii.html

Germany, the disgrace of Europe
http://eamb-ydrohoos.blogspot.com/2012/02/germany-disgrace-of-europe.html

Hopefully now, you will be able to review them

Sat, 03/17/2012 - 08:15 | Link to Comment jjsilver
jjsilver's picture

Fear is damaging, immobilizing and can stifle  clear thought as a  fearful people  often do not think straight. Some will give up freedoms and rights in order to gain freedom from fear.

All tyrannies, regardless of their origins, use fear to maintain their power bases. Most of the time, fear is used to control people in covert, unrelenting and all- consuming ways.

All around you is controlled by a force many have no idea about. You live in an invisible prison where many do not wish to break free because they do not see the bars. This system and prison has been created to enslave and control you and has done so for hundreds of years.

Sat, 03/17/2012 - 22:04 | Link to Comment honestann
honestann's picture

Yes.  With regard to this place, however, it looks gorgeous, so if a sufficient number of morons are willing to sell their property cheap to escape a 1-in-a-thousand chance of disaster... I hope I know so I can buy up some preeeemo property.

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