10 Tipping Points Which Could Potentially Plunge The World Into A Horrific Economic Nightmare

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 haven’t solved any of the things that caused the previous crisis.”

“I have said it’s worse than Chernobyl and I’ll stand by that.”

Complete bullshit.

“There was an enormous amount of radiation given out in the first two to three weeks of the event.”

‘enormous’ amount of magnitude was 4 factors lower radiation than released at Chernobyl.

“And add the wind blowing in-land.”

Umm, prevalent winds were out to the Pacific.

“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”

Yeah, and that’s because the prevalent winds were that way, contradicting the previous statement.

“But now the winds have turned, so they are heading to the south toward Tokyo”

Here’s something you need to know. If all the Fukushima plants were to go, then the radiation would affect an area of 100 square kms. That’s not going to happen. We aren’t going to see any of the plants explode as in Chernobyl, and the 50 km zone won’t be breached. Remember, doubling the distance takes 4x as much radiactivity. Inverse square law.

“We are well beyond where any science has ever gone”

Bullshit. The cores have stabilized and are below boiling temperature. The fuel that has melted is contained in the containment structure.

“at that point and nuclear fuel lying on the ground and getting hot is not a condition that anyone has ever analyzed.”

Complete bullshit. The fuel is still in the containment vessel, which is still under the nuclear cap that protects the containment vessel and the core.

“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.”

The Hydrogen comes from the water, when the water heats up it disassociates into hydrogen gas. This caused the earlier explosion. From what we know the core temperature was high enough to melt the fuel which is still in the reactor vessel. This fuel has since cooled off and solidified.

“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.”

Inside the containment vessel, underneath the nuclear cap. So there are two more barriers. However, the temperature inside the vessel has cooled off and the melted core has solidified.

“That’s where we are today. We have no reactor essentially, just a big pressure cooker.”

Bullshit, the reactor is intact and the temperature has cooled.

“The molten uranium is on the bottom of the containment. It spreads out at that point, because the floor is flat. And I don’t think it’s going to melt its way through the concrete floor.”

It won’t melt because it’s cooled off. It ain’t going anywhere.

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.