brainstorming Tuesday

1. Things getting very serious in Japan as the Flash crash of todays is just an indication as real life panic due to radiation released offically is already very staggering. Any human life is more important than economic  problems but since I can not do anything from here against radiation ( actually not from anywhere) – I will stick to the economic implications. Life coming to a grinding halt in Japan and economy will collapse as Angst triggered by radiation will bring a very new component to the situation which spins things out of control. The world economy depends to some degree on Japans export machinery which is non existent for the time being and will bring as quoted earlier an inflationary special effect from many angles. This is a very serious situation as also the financial system will be under extradordinary stress due to record damage coverage as 200 bil is the least it will cost and Japanese financial institutions under huge distress can bring another ‘Lehman’ or ‘AIG’ effect to markets. We will have to think about the implications pronto as a crash like in Japan can easily happen any moment now with central banks having no bullets left.

excerpt 1

Panic Evacuations Strike Tokyo, Food Hoarding Empties Stores In Capital, Fallout Projected To Blow To Pacific

Submitted by Tyler Durden on 03/15/2011 07:25 -0400

Simply surreal news. “Radiation wafted from an earthquake-stricken nuclear power plant towards 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. 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 multistorey, 24-hour general store in Tokyo’s Roppongi district, was sold out of radios, flashlights, candles, fuel cans and sleeping bags on Tuesday.

 

Japan Nuclear Crisis Update

Submitted by Tyler Durden on 03/15/2011 07:06 -0400

  • Radiation levels at the quake-stricken Fukushima Daiichi complex have varied wildly, with a reading of 11,930 microsieverts at the main gate of the plant at 0000 GMT, up from 596 microsieverts as of 0630 GMT.
  • Elsewhere at the plant, levels reached as high as 400,000 microsieverts an hour (or 400 millisieverts an hour).
  • The government gave no update on the status of a steel container surrounding the core of the plant’s No.2 reactor, deemed by observers as most at risk of a meltdown.
  • An explosion on Tuesday at the No.2 reactor had caused some damage to its suppression pool, which helps to cool and trap the majority of cesium, iodine, strontium in its water.
  • Later, there was a fire and explosion at the complex’s No. 4 reactor and this is likely to have contributed to rising radiation levels.
  • The No. 4 reactor had been shut down for maintenance ahead of the quake, but a spent-fuel cooling pool associated with that reactor caught fire, causing the explosion.
  • The No.4 reactor’s cooling pool, where spent nuclear fuel is stored, may be boiling and the water level may be falling.
  • Radioactivity at the cooling pool is high and Tokyo Electric cannot make checks at the site or determine what has burned.
  • Radiation leakage from complex is likely to spread after a fresh explosion at the plant.

 

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~ by behindthematrix on March 15, 2011.

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