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Clive Hale Shares Things That Make You Go...Aaaargh!
Submitted by Clive Hale of View From The Bridge,
Grant Williams writes a regular piece entitled “Things that make you go…Hmmm” which is always thought provoking and comes with a weekly roundup of things that rarely reach the MSM. I just feel that the time has come to raise the “noise” level to at least Defcon 3 hence the title of this latest “View”.
The first subject that is driving me to despair is Japan and I don’t mean the fact that its debt levels make Greece’s look trivial (they are to the Greeks, but not to the rest of Europe) or that its deflationary tendencies are an issue, but that Fukushima is still a nuclear disaster waiting for another earthquake.
Because radio activity is “invisible” the reporting of it in the press has remarkably similar properties…Just in case you missed it, here is TEPCO’s (Tokyo Electric Power Co) plan for “decommissioning”. Phase 1 – in 2 years, begin the process of fuel removal from the spent fuel pools. Phase 2 – in 10 years, begin removing fuel debris (solidified fuel and melted cladding). Phase 3 – in 30-40 years, complete fuel debris removal and the processing and disposal of radioactive waste. There are over 1600 tons of spent nuclear fuel in the pools, which are in the six reactor buildings or what remains of them. TEPCO admit that “as of the end of February 2012, the full extent of the damage to the RPV (reactor pressure vessel) cores and PCVs (primary containment vessel) was still under investigation”. In other words they don’t know how bad things are, but a modest little earthquake in the 5-6 range (very common in these parts) might just help them find out sometime over the next 40 years….if you haven’t read Neville Shute’s book – On the Beach – I suggest you get a copy and an airline ticket to anywhere in the Southern Hemisphere.
My next potential stressor is listening to those gentle folk who don’t think that the stock market is being manipulated. To move them right out of their “comfort zone” I would suggest that ALL capital markets are currently in that state; stock, bond, currency, commodity, derivatives, property; you name it, someone else is controlling it and for their benefit not yours. Globalisation means that the major manipulators facilitators of global finance are so big that their mere presence moves markets but there are those who believe that they wouldn’t use this to their advantage; oh dear… We are not just talking greedy investment banks here; regulators and governments are even bigger sharks fish in this very murky pond.
And then we have the MSM. How often do you hear people say that they don’t believe anything they read in the newspapers? So why do they read the wretched things then? And don’t watch the news on TV either; same anaesthetic propaganda. In fact switch the thing off and turn it into a bird table you will be amazed at how much extra productive time that will give you! And by not paying your sub to the “man in the sky” another evil empire will slip back into the ooze.
While I am in overdrive a mention of the euro, that last lingering but fatally flawed bastion of european union (lower case now obligatory), will not go amiss. It is doomed. Greece will be first out before the year end. The last bailout was a complete farce with the new improved whiter than white debt trading at 20% of par value so yet another default is inevitable…and soon. Who will be next? Quite possibly France. Sarkozy is dead in the water so we face the prospect of Francois Hollande vowing to “dominate the financial bogeyman as soon as the election is won”. Good luck with that one. Right on cue a futures market on French government debt is to be opened which will make it even easier to price OATs (obligations assimilables au Tresor – French gilts) “a la grecque”. Should be an interesting ride for the new government!
That’s quite enough for this week. In the next edition we will be talking to people who think that we still live in a democracy…aaargh!
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This just pathetic now, I hear shit like this from cab drivers. I guess it's for mass consumption.
I've generally found cab and limo drivers to be surprisingly well-informed. This shouldn't be surprising since they work for themselves and are usually go-getters. Also it is an occupation that attracts misfits and the skeptical in general.
Absolutely. Always got the low-down from the cabbies. And often some surprisingly deep wisdom too.
But man, if this is all he's aaghing about, he has a good life.
ori
People who drive, or do other minimally higher-processing demanding work (reflexes and experience count in driving, not long-term, complex, chess-problem solving style thinking), generally gain insight because they have the time to think things through, and often do.
Once you think the current situation through, it's obvious that only a few outcomes are possible: Currency collapse and a new world financial order. Whether that's a fascist order, or one based on financial freedom, remains to be determined.
They also listen to talk radio all day.
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Compare gold and silver prices
Arrggghh maties!
hey liver lips,
i drive cab and resent that remark
We will all be "Aaaargh-ing" before this is over. Where's the fat lady for crying out loud?
Extraordinary rendition, turns out she was a terrorist that hates our freedom. The fat lady will never see the light of day, or ever be heard from again. If she cant sing, everything is all right, right?
This would be a good place to show the "Nothing to see here" clip.
http://m.youtube.com/watch?v=rSjK2Oqrgic
Or, perhaps Thelma And Louise would be more appropriate.
http://m.youtube.com/watch?v=IXdN142_P7U
Radioactive euro....
Crumbling Japanese nuclear reactors...
Gold backed US dollars....
It all sounds so unreal to me....
tepco still isn't priced in imo, either
fightClub pretty much requires one to either shoot the fuking TV, use it far an anchor, or both
that is why this site is so full of pretenders and so short of contenders; not just the time, also imo, but the "uptake" into the mind-processes
there is a pretty good chance that you can't understand yourself until you cut the fuking cable, altho ej proved it could be done, but only in the proper state of mind...
...like most everything else, really...
It fills up easier after you shoot it.
Another thing that makes me go aarghhh is the massive amount of derivatives that may really whoosh so many down the drain. An upside down pyramid teetering on its tip of debt saturation and manipulated, unmarked to market, financial invention. The underlying underpinnings cannot begin to support an orderly unravel - bonds, equities, currencies, commodities - I don't think anything is immune.
International buyers shunning European bonds as LTRO funds dry up...
Come to where I work we have all fat ladies except for one.
Do they sing??
MARKETS TODAY ARE ALL MANIPULATED AND SARKOZY (THE MOST HATED MEN IN FRANCE, THE UK AND THE REST OF EUROPE) WILL LOOSE THE ELECTIONS...BRING IT ON
The Big Picture Wile E. Coyote Equity Top.
http://www.zerohedge.com/news/2012-12-24/market-analysis
Seriously, one more big quake and Fukushima will take out the Northern Hemisphere. All this other crap won't matter then. Meantime the Japanese gov deliberates with it's thumb up it's ass and the Pentagon views it as a "neutral de-population opportunity".
No, the Japanese don't seem to work very well in a crisis.
No, Japanese (and pretty much all asians) don't do well in crises, do they. (That 'Oriental' mindest applies as well to any area of the world that ends with -stan, or was once part of the Ottoman Empire.) Robert Ludlum specialized in writing snooze-inducing novels that got much better when other folks re-wrote 'em, but he once wrote something I've never forgotten. The hero was a red-blooded, cigar-chomping babe magnet US Sodjer being held captive by Our Friends The Chinese, and was giving them fits.
As he explained it, "The Asian mind has 2 distinct pressure points: confusion, and embarrassment."
My guess is it stems from the hugely corrosive notion of 'face' that seems so all-important to the Oriental mind. To effectively *deal with* a crisis, first you have to ADMIT there's a crisis, which leads to.....the worst thing EVAR, loss of face. **Much** better and less painful to just keep a stiff upper lip and quietly irradiate the whole freakin' world.
Yet somehow their civilization has had greater continuity than Western civilization. And they have fewer lawyers. Maybe there's a connection...
Well explained.
I also was surprised, didn't expect Asians to be like that, especially Chinese after all that decade long Mao brainwashing.
But the Arabs are worse - ask an Arab for the way, and he will ALWAYS give you a detailed answer, even if he has no effing clue. After a while you learn that the longer the explanantion and the more wild hand gestures involved, the less likely it is correct.
Apparently, the PTB already have an escape plan in case of Alien Invasion (Krugman's economic solution), Fukushima Fallout, or some such. It's the mega-city constructed underneath the new Denver Airport. It has many miles of underground highways and rail and is stocked with provisions for years (and probably Ukranian hookers for the financial elites). Sorry, you won't be allowed to enter. If you hear that the rats have fled DC and there are 1000s of private planes all going to Denver, then it will be too late, probably.
hey liver lips
i drive a cab and resent that remark
Yeah, you said that.
Yeah, where is GW railing against TEPCO's plan to start burning radioactive debris around Fukushima? Or building tents over the reactors to funnel emissions into the stratosphere? Time to consider a new nuking of that part of Japan to keep this crap contained rather than letting it become the newest export.