Skip to comments.10 Tipping Points Which Could Potentially Plunge The World Into A Horrific Economic Nightmare
Posted on 06/07/2011 5:47:57 PM PDT by Kartographer
The global economy has become so incredibly unstable at this point that it is not going to take much to plunge the world into a horrific economic nightmare. The foundations of the world economic system are so decayed and so corrupted that even a stiff breeze could potentially topple the entire structure over. Over the past couple of months a constant parade of bad economic news has come streaming in from Europe, Asia and the United States. Signs of an impending economic slowdown are everywhere. So what tipping point will trigger the next global economic downturn? Nobody knows for sure, but potential tipping points are all around us. Today, the global economic system is even more vulnerable than it was back in 2008. Virtually none of the systemic problems that contributed to the 2008 collapse have been fixed. Mark Mobius, the head of the emerging markets desk at Templeton Asset Management, was recently was quoted in Forbes as saying the following .
There is definitely going to be another financial crisis around the corner because we havent solved any of the things that caused the previous crisis.
(Excerpt) Read more at hawaiinewsdaily.com ...
Four more years of obama
If you havent already its time to prepare. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.
I think that we are at the very least in for a collapse much like that of Argentinas ( http://www.youtube.com/watch?v=7yerKMQc7-w&feature=grec_index), but as a armed society with a very large entitlement minded population our collapse will be much more violent and I see many many small business wiped out by flash mob looting, and large scale violence (look at what happened just this past Memorial Day weekend). I see what I call Pocket Pogroms taking place in many big Blue cities and if you arent Amish its going to get Reginald Denny bad for you very quickly.
For those who havent prepared and would like to start or for those that have and are just interested you may download my Preparedness Manual at:
As the LDS say When the emergency is upon us the time for preparedness has past.
Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3
I think #10 could be generalized as “weather”, i.e. drought, floods, storms, etc.
I will read the article. If he hasn’t mentioned Fukushima, he should. The news coming out the last few days is horrific. Japan as a country is toast. What that will do to the economy of the world is immense.
I wanted to read the rest of it, but first got an out of memory error. So I emptied my Safari cache and tried again, more errors, finally clicked on the top link, got directed to external website, then page wouldn’t load.
Aha - good for him.
What to speak of the “a little radiation is actually healthy!!!”
That's a bit much. I would say everything within 60 miles of Fukushima is toast.
Japan recovered from WWII, yes, with our treasure, but today they are fully capable of recovery from the earthquake, tsunami and meltdowns within five years.
I just picked up a new member of my staff from Japan. He was eager to
get out. We have him covered through Sept 30.
The news as of the last few days is worse than anything they’ve admitted up to now.
It’s so much worse than Chernobyl in terms of radiation amount and they haven’t even begun to “fix” it yet.
I bet he’s eager to get out.
The major problem with Fukushima is the loss of gereneration capacity that has affected Japan. As an aside some manufacturers in this country that use Kubota engines can’t get them.. Fukushima was a disaster for Japan’s just in time manufacturing.
The utility took a multi-billion dollar hit. Thirty years ago the cleanup at TMI started. They ended up processing 20 million gallons of contaminated water. Fukushima will see much more than that. The Japanese have a much bigger problem with at least three reactors that were stressed beyond design limits. They’ll never operate again.
Sure the radiation is a problem. That can be cleaned up. The ongoing economic damage cannot.
“I will read the article. If he hasnt mentioned Fukushima, he should. The news coming out the last few days is horrific. Japan as a country is toast. What that will do to the economy of the world is immense.”
It was mentioned in the article above.
Here’s an excerpt:
“I have said it’s worse than Chernobyl and Ill stand by that. There was an enormous amount of radiation given out in the first two to three weeks of the event. And add the wind blowing in-land. It could very well have brought the nation of Japan to its knees. I mean, there is so much contamination that luckily wound up in the Pacific Ocean as compared to across the nation of Japan - it could have cut Japan in half. But now the winds have turned, so they are heading to the south toward Tokyo and now my concern and my advice to friends that if there is a severe aftershock and the Unit 4 building collapses, leave. We are well beyond where any science has ever gone at that point and nuclear fuel lying on the ground and getting hot is not a condition that anyone has ever analyzed.”
“Arnie Gundersen: When you see hydrogen explosions, that means that the outside of the fuel has exceeded 2,200 degrees and the inside is well over 3,500 degrees. The fuel gets brittle, it burns, and then it plops to the bottom of the nuclear reactor in a molten blob like lava. It was pretty clear to a lot of people, including apparently to the NRC, but they werent telling people back in March, that that had occurred in reactor one. There was essentially a blob of lava on the bottom of the nuclear reactor. So I have to separate this a nuclear reactor - and that is inside of a containment. So there is still one more barrier here. But the problem is that the reactor had boiled dry and they were using fire pumps connected to the ocean to pump saltwater into the reactor. Now, if this thing were individual tubes, the water could get around the uranium and completely cool it. But when it’s a blob at the bottom of the reactor, it can only get to the top surface and that would cause it to begin to meltdown. Now, on these boiling water reactors, there are about seventy holes in the bottom of the reactor where the control rods come in and I suspect that those holes were essentially the weak link that caused this molten mass. Now it’s 5,000 degrees at the center, even though the outside may be touching water, the inside of this molten mass is 5,000 degrees. It melts through and lies on the bottom of the containment.
Thats where we are today. We have no reactor essentially, just a big pressure cooker. The molten uranium is on the bottom of the containment. It spreads out at that point, because the floor is flat. And I dont think it’s going to melt its way through the concrete floor. It may gradually over time; but the damage is already done because the containment has cracks in it and it’s pretty clear that it is leaking. So you put water in the top. And the plan had never been to put water in the top and let it run out the bottom. That is not the preferred way of cooling a nuclear reactor in an accident. But you are putting water in the top and it’s running out the bottom and it’s going out through cracks in the containment, after touching directly uranium and plutonium and cesium and strontium and is carrying all those radioactive isotopes out as liquids and gases into the environment.”
Doesn’t sound good....
I realize the Japanese are tight lipped (my Dad spent seven years there) but why isn't the rest of the Western media on the stick?
Another problem is the radioactivity in the ocean, when much of their food is ocean based (fish, sea weed, etc).
I have not read that interview yet with Gunderson; I was obsessively reading for weeks and have slackened off. I need to read it maybe tomorrow.
Link below is to an ongoing Fukushima thread on TimeBomb2000 which has very good newshounds.
I think the MSM doesn’t cover it because (a) they are so used to lying and pushing propaganda it’s just second nature to avoid any real, in depth or factual news coverage and (b) nuke power lobbying wants it silenced and (c) the gov in general doesn’t want any bad news to disturb people so that the people don’t realize *other* bad news. Keep ‘em sleeping until it falls off the cliff is the plan from what I can tell.
I’m selling KI tablets. You up for them?
Or because the bullshit you are pushing has no connection to reality?
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