Tsunami

Hundreds Of Earthquakes Rattle The U.S. As The Level Of Seismic Activity In North America Continues To Rise

Why is the mainstream media being so quiet about all of the seismic activity that has been happening all across the United States?  During the last 7 days, there has been an earthquake swarm directly along the New Madrid Fault zone, Kansas and Oklahoma have been hit by a very unusual number of significant quakes, and there have been several sizable seismic events in the vicinity of the Yellowstone supervolcano.  But of course the west coast is getting hammered more than anyone else.  According to Cal Tech, there have been more than 1000 earthquakes in California and Nevada over the last week, but of course most of them have been very small.  Overall, the latest USGS numbers tell us that there have been more than 2,000 earthquakes nationally during the last 7 days, and apparently we aren’t supposed to be alarmed by that.  But could it be possible that all of this seismic activity is leading up to something really big?

Over the weekend, we witnessed some very unusual quakes in the middle of the country.  On Sunday, a magnitude 3.2 earthquake rattled Kansas…

The Kansas quake hit at 9:08 p.m. Central time near South Hutchinson, northwest of Wichita, according to the USGS. About 175 people reported feeling the tremor, some as far away as Osborne and Concordia, Kansas.

Thankfully that quake hit in an area with a very low population density, and so it didn’t affect that many people.

But then on Sunday, a series of relatively large earthquakes hammered Oklahoma…

A 3.0-magnitude earthquake hit near Fairview in northern Oklahoma, at 1 a.m. Sunday, followed by a 2.6-magnitude quake at 1:37 a.m. near Quinton in eastern Oklahoma, the USGS reports. A 2.7-magnitude tremor rattled Waukomis in northern Oklahoma at 4:25 p.m. Saturday

Overall, there have been 143 earthquakes in Oklahoma in the last 30 days, and the increasing level of seismic activity in that part of the nation definitely has a lot of people on edge.

But of much greater concern is what has been happening along the west coast.  The two major quakes that hit California in July were followed by more than 100,000 aftershocks, and scientists are warning that this “may have increased stress on parts of a major dormant fault line”…

A series of earthquakes which shook Southern California earlier this year may have increased stress on parts of a major dormant fault line which has not produced any significant activity since records began, according to a study.

Scientists from the University of Iowa examined the so-called Ridgecrest earthquakes, which began with a 6.4 magnitude foreshock in the Mojave Desert on July 4, followed the next day by a 7.1 magnitude quake—the largest in Southern California for two decades. In addition, more than 100,000 smaller aftershocks were recorded.

The “dormant fault line” which they are talking about is the Garlock Fault.

And the Garlock Fault runs directly into the San Andreas Fault.

One day there will be a massive quake that fundamentally alters the geography of southern California, and let us hope that day is delayed for as long as possible.

Meanwhile, we have also witnessed some unusual rumbling off the coast farther north.

In fact, five large earthquakes were detected off of the Oregon coast last month.  The following comes from a news story that was posted on October 21st…

A magnitude-4.6 earthquake Monday morning became the fifth to strike off the Oregon coast since the beginning of the month.

The quake rumbled around 6:47 a.m. about 120 miles west of Bandon and at a depth of roughly 6 miles, according to the U.S. Geological Survey.

On Thursday, a magnitude-4.7 temblor struck about 95 miles from Port Orford — just hours after students in Coos and Curry counties participated in an annual earthquake drill.

The reason why these quakes are so alarming is because they happened in the vicinity of the Cascadia Subduction Zone.

As Steve Quayle recently told Greg Hunter, someday the Cascadia Subduction Zone will suddenly come to life, and it will be the greatest natural disaster that we have seen so far in all of American history…

What’s the worst case scenario if the Cascadia Subduction Zone lets loose and volcanos, earthquakes and tsunamis are unleashed? Quayle says “The amount of damage, and I am going to choose my words carefully, is going to be precedent setting. It’s going to be the combination of volcanos going off that are inland from the subduction zone where the plates meet, coupled with tsunamis. . . . When this happens, you will lose eight million to twenty million people. When it happens, you will lose all productivity in the electronic field, obviously Silicon Valley, and all food production in all of California, Oregon and Washington. When it happens, you will have a State of Emergency unlike any other. How about the refugees? There will be 3.5 million refugees to take care of. When this happens, what happens to the underground aquifers, and where does everybody go for fresh water? There will be years of drought, years of famine and years of water, water where did it all go? It is a very dire situation painted by computer models. This is not a sensational thing. It is a reality based, scientific study with the application of what happens.”

Quayle warns that the public would likely have roughly “15 minutes to get to safety,” and “the tsunami waves would be 500 to 1,500 feet tall.”

You can see the trailer for the new film that is being produced about the Cascadia Subduction Zone right here.  I am so glad that this movie is being made, because I have been trying to warn people about what is going to happen for a long time.  For example, the following comes from one of my previous articles entitled “You Have Been Warned: Experts Tell Us That A Cascadia Subduction Zone Earthquake And Tsunami Will Destroy Everything West Of Interstate 5”…

One day it will happen. With little or no warning, the Cascadia Subduction Zone will produce a catastrophic earthquake and accompanying tsunami that will essentially destroy everything west of Interstate 5 in the Pacific Northwest. It will be the worst natural disaster up to that point in American history, and as you will see below, the experts are saying that we are completely and utterly unprepared for it. Of course the San Andreas Fault gets more publicity, but the truth is that the Cascadia Subduction Zone is capable of producing a quake “almost 30 times more energetic” than anything the San Andreas Fault can produce.

Scientists assure us that it is just a matter of time before such a disaster takes place.

So essentially those living right along the coast are taking a huge gamble.

Day after day, they hope that there is still at least a little bit more time before the Cascadia Subduction Zone absolutely devastates the Northwest.

Of course up until now that gamble has paid off, but one day their luck will suddenly run out.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep.  My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters.  (#CommissionsEarned)  By purchasing those books you help to support my work.  I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I can only allow this to happen if this “About the Author” section is included with each article.  In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished.  This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Russia’s New ‘Nuclear Torpedo’ Can Create Giant Tsunamis And Wipe Out Entire Coastal Cities

Nuclear Explosion - Public DomainWhile the eyes of the world are on ISIS, Russia is creating weapons unlike anything the world has ever seen before.  Plans for a giant self-propelled nuclear torpedo that can create a giant tsunami more than 1,000 feet tall were recently “leaked by mistake” by the Russian media.  Apparently the warheads on these torpedos are designed to create so much radiation “that everything living will be killed” – including those that try to survive the attack by hiding in underground shelters.  These “robotic mini-submarines” would have a range of up to 10,000 kilometers and would be able to evade all existing U.S. detection systems.  To say that such a weapon would be a “game changer” would be a massive understatement.

I know that you are not just going to take my word for any of this.  So like I do in all of my articles, I am going to carefully document what I am saying.

The reason why we know about the plans for this new nuclear torpedo is because they were displayed on Russian state television for a few moments during a recent broadcast.  According to Russian officials, this was an “accident”.  The following comes from a report in the Independent…

Secret plans for a new Russian nuclear torpedo system have been shown on state-controlled television in what the Kremlin said was an accident.

A close-up of a confidential document detailing “Ocean Multipurpose System: Status-6” was broadcast for several seconds by Channel One Russia and NTV during coverage of a meeting between Vladimir Putin and military officials.

Could it be possible that this “accident” happened on purpose?

Could it be possible that it was intended as a warning for the Obama administration?

You never know.

But without a doubt, this is the kind of weapon that would keep military planners up at night.  According to RT, this new nuclear torpedo is designed to create “extensive zones of radioactive contamination” that would ensure that no “military, economic, business or other activity” would occur in that area for a very long time…

The presentation slide titled “Ocean Multipurpose System: Status-6” showed some drawings of a new nuclear submarine weapons system. It is apparently designed to bypass NATO radars and any existing missile defense systems, while also causing heavy damage to “important economic facilities” along the enemy’s coastal regions.

The footnote to the slide stated that Status-6 is intended to cause “assured unacceptable damage” to an adversary force. Its detonation “in the area of the enemy coast” would result in “extensive zones of radioactive contamination” that would ensure that the region would not be used for “military, economic, business or other activity” for a “long time.”

In addition, Konstantin Sivkov of the Russian Geopolitical Academy told the BBC that this kind of weapon could be used to create a tsunami more than 1,000 feet high…

“A warhead of up to 100 megatons could produce a tsunami up to 500m (1,650ft) high, wiping out all living things 1,500km (930 miles) deep inside US territory“

As I have written about previously, a whopping 39 percent of all Americans live in counties that directly border a shoreline.  The detonation of just a handful of these weapons could wipe out the entire east coast and kill off a very substantial percentage of the U.S. population.

On top of all that, the BBC is reporting that a state-run Russian publication is suggesting that these new torpedos are being fitted with extremely radioactive cobalt warheads…

According to state-run Rossiiskaya Gazeta, the destructive power attributed to the new torpedo’s warhead would fit the description of a cobalt bomb.

That would be a type of thermonuclear warhead with a layer of cobalt-59, which on detonation would be transmuted into highly radioactive cobalt-60 with a half-life longer than five years.

Such a weapon would guarantee “that everything living will be killed”, the paper said – there would not even be any survivors in bunkers.

A cobalt bomb has never been tested because of the devastating radiation it would unleash.

Worst of all, we would have no advance warning that these torpedos were coming.  They can be launched from anywhere, they reportedly have a range of up to 10,000 kilometers, and they are designed to “avoid all acoustic tracking devices and other traps”…

On the diagram the giant torpedo’s range is given as “up to 10,000km” (6,200 miles) and depth of trajectory is “up to 1,000m” (3,300ft).

It was developed by Rubin, a submarine design bureau in St Petersburg.

It would, apparently, be launched by nuclear-powered submarines of the 09852 “Belgorod” and 09851 “Khabarovsk” series.

Rossiiskaya Gazeta called the torpedo a “robotic mini-submarine”, travelling at 100 knots (185km/h; 115mph), which would “avoid all acoustic tracking devices and other traps”.

We already know that Russia has been building “black hole submarines” that NATO officials admit are undetectable.

So Russia already has the capability to approach our coastlines without us even knowing about it.

But these new nuclear torpedos take the game to an entirely new level.

And of course this is not the only new weapons system that Russia has been developing in anticipation of World War III.  Earlier this year, I discussed several more in an article entitled “The Next-Generation Weapons That Russia Will Use Against The United States In World War III“.

Sadly, the Obama administration seems almost totally oblivious to this threat.  Our strategic nuclear forces are so outdated that floppy disks and rotary phones are still being used, and Barack Obama is fond of saying that “the Cold War’s been over for 20 years“.

Unfortunately for us, the Russians do not see things the same way.  Anti-American sentiment inside Russia is at an all-time high, and every time the U.S. interferes in Syria or Ukraine the Russians get even angrier.

Just like we do, there are “talking heads” on Russian television that tell people what to think.  And many of these “talking heads” on Russian television are openly talking about how war with the United States is inevitable.  These days, the Russians consider themselves to be the great force for good in the world, and they consider America to be the great force for evil in the world.  In fact, one of their most popular talking heads named Alexander Dugin has publicly called the U.S. the “kingdom of the Antichrist”.

And even though the Russian economy has dipped into recession, the Russians continue to feverishly prepare for war.  This year alone, Russian military spending is up 33 percent.

Yes, ISIS is a far greater threat than most Americans would even dare to imagine as I discussed yesterday.  In the times to come, I fully expect to see terror attacks inside this country unlike anything we have ever seen before.

But I am completely convinced that the greater long-term strategic threat is Russia.

The Russians are feverishly preparing for World War III while Barack Obama acts like it could never possibly happen.

Hopefully Obama is right, because if he is wrong the consequences for this nation will be absolutely unthinkable.

The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies

By recklessly printing, borrowing and spending money, our authorities are absolutely shredding confidence in the U.S. dollar.  The rest of the world is watching this nonsense, and at some point they are going to give up on the U.S. dollar and throw their hands up in the air.  When that happens, it is going to be absolutely catastrophic for the U.S. economy.  Right now, we export a lot of our inflation.  Each year, we buy far more from the rest of the world than they buy from us, and so the rest of the world ends up with giant piles of U.S. dollars.  This works out pretty well for them, because the U.S. dollar is the primary reserve currency of the world and is used in international trade far more than any other currency is.  Back in 1999, the percentage of foreign exchange reserves in U.S. dollars peaked at 71 percent, and since then it has slid back to 62.2 percent.  But that is still an overwhelming amount.  We can print, borrow and spend like crazy because the rest of the world is there to soak up our excess dollars because they need them to trade with one another.  But what will happen someday if the rest of the world decides to reject the U.S. dollar?  At that point we would see a tsunami of U.S. dollars come flooding back to this country.  Just take a moment and think of the worst superstorm that you can possibly imagine, and then replace every drop of rain with a dollar bill.  The giant currency superstorm that will eventually hit this nation will be far worse than that.

Most Americans don’t realize that there are far more dollars in use in the rest of the world than in the United States itself.  The following is from a scholarly article by Linda Goldberg…

The dollar is a major form of cash currency around the world. The majority of dollar banknotes are estimated to be held outside the US. More than 70% of hundred-dollar notes and nearly 60% of twenty- and fifty-dollar notes are held abroad, while two-thirds of all US banknotes have been in circulation outside the country since 1990

For decades we have been exporting gigantic quantities of our currency.

So what would happen if that process suddenly reversed and massive piles of dollars started coming back into the country?

It is frightening to think about.

Well, I guess the key is to get the rest of the world to continue to have confidence in the U.S. dollar so that will never happen, right?

Unfortunately, there are lots of signs that the rest of the world is accelerating their move away from the U.S. dollar.

For example, it was recently announced that the BRICS countries are developing their own version of the World Bank…

The BRICS (Brazil, Russia, India, China and South Africa) bloc has begun planning its own development bank and a new bailout fund which would be created by pooling together an estimated $240 billion in foreign exchange reserves, according to diplomatic sources. To get a sense of how significant the proposed fund would be, the fund would be larger than the combined Gross Domestic Product (GDP) of about 150 countries, according to Russia and India Report.

And as I noted in a previous article, over the past few years there have been a whole host of new international currency agreements that encourage the use of national currencies over the U.S. dollar.  The following are just a few examples…

1. China and Germany (See Here)

2. China and Russia (See Here)

3. China and Brazil (See Here)

4. China and Australia (See Here)

5. China and Japan (See Here)

6. India and Japan (See Here)

7. Iran and Russia (See Here)

8. China and Chile (See Here)

9. China and the United Arab Emirates (See Here)

10. China, Brazil, Russia, India and South Africa (See Here)

Will this movement soon become a stampede away from the U.S. dollar?

That is a very important question.

But you don’t hear anything about this in the U.S. media and our politicians are not talking about this at all.

Meanwhile, our “leaders” seem to be doing everything that they can to destroy confidence in the U.S. dollar.  The Federal Reserve is printing money like there is no tomorrow, and the federal government continues to run up trillion dollar deficits year after year.

They do not seem to understand that they are systematically destroying the U.S. financial system.

Other world leaders get it.  For example, Russian President Vladimir Putin once said the following…

“Unreasonable expansion of the budget deficit, accumulation of the national debt – are as destructive as an adventurous stock market game.
During the time of the Soviet Union the role of the state in economy was made absolute, which eventually lead to the total non-competitiveness of the economy. That lesson cost us very dearly. I am sure no one would want history to repeat itself.”

Wow.

Why can’t most of our politicians see how destructive debt is?

What the federal government continues to do is absolutely insane.  The national debt increased by more than 24 billion dollars on the day after Thanksgiving this year.  But utter disaster has not struck yet, and most Americans are not really that concerned about the debt.  So things just keep rolling along.

And of course our national debt of $16,309,738,056,362.44 is nothing when compared to the future liabilities that our federal government is facing.  Just check out what a recent article in the Wall Street Journal had to say about all this…

The actual liabilities of the federal government—including Social Security, Medicare, and federal employees’ future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion. Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure.

Other economists paint an even gloomier picture.  According to economist Niall Ferguson, the U.S. government is facing future unfunded liabilities of 238 trillion dollars.

So where are we going to get all that money?

Well, why don’t we just print more money than ever before so that the U.S. government can borrow and spend more money than ever before?

Don’t laugh.  That is actually what some of the top economists in the country are actually recommending.

The most famous economic journalist in the entire country, Paul Krugman of the New York Times, is boldly proclaiming that the solution to all of our problems is to print, borrow and spend a lot more money.  He insists that there is no reason to fear that the giant mountain of debt that we are accumulating will someday collapse the system…

For we have our own currency — and almost all of our debt, both private and public, is denominated in dollars. So our government, unlike the Greek government, literally can’t run out of money. After all, it can print the stuff. So there’s almost no risk that America will default on its debt — I’d say no risk at all if it weren’t for the possibility that Republicans would once again try to hold the nation hostage over the debt ceiling.

But if the U.S. government prints money to pay its bills, won’t that lead to inflation? No, not if the economy is still depressed.

Now, it’s true that investors might start to expect higher inflation some years down the road. They might also push down the value of the dollar. Both of these things, however, would actually help rather than hurt the U.S. economy right now: expected inflation would discourage corporations and families from sitting on cash, while a weaker dollar would make our exports more competitive.

Of course what he is prescribing is complete and utter madness.

At some point this con game is going to collapse and the rest of the world is going to say a big, fat, resounding “NO” to the U.S. dollar.

Why should they continue to use a currency that is becoming extremely unstable and that is constantly being manipulated?

And when the rest of the world rejects the U.S. dollar, the value of the dollar will drop like a rock because there will be far less global demand for it.

In addition, if the rest of the world is not using the U.S. dollar for trade any longer, other nations will cease to soak up our excess currency and huge mountains of our currency that are floating around out there will start flooding back to our shores.

At that point we will be looking at inflation unlike anything we have ever seen before.  The era of cheap imports will be over and we will pay far more for everything from oil to the foreign-made plastic trinkets that we buy at Wal-Mart.

Most Americans don’t even know what a “reserve currency” is, but when the U.S. dollar loses reserve currency status it is going to unleash a nightmare that most economists cannot even imagine.

So enjoy this holiday season while you can.  There are still lots and lots of cheap imports filling the shelves of our stores.

Once the coming giant currency superstorm strikes, we will dearly wish for the good old days of 2012.

Yes, the U.S. dollar is alive and ticking for now.  But at the pace that our authorities are abusing it, I would not say that things are looking good for a long and healthy lifespan.

27 Signs That The Nuclear Crisis In Japan Is Much Worse Than Either The Mainstream Media Or The Japanese Government Have Been Telling Us

How much of a threat is the nuclear crisis in Japan?  That question is on the minds of millions of people around the globe tonight.  Unfortunately, the Japanese government and the mainstream media have both been doing their best to downplay this crisis.  Even though there have been massive explosions at the Fukushima Dai-ichi nuclear facility, authorities in Japan have still been very stingy with information and they keep insisting that the situation is under control.  But the situation is not under control.  In fact, it just seems to get worse with each passing day.  Radiation levels are now incredibly high at the Fukushima Dai-ichi complex and the radiation cloud is starting to spread.  Radiation levels in Tokyo are already 10 times above normal levels, and there are reports in the international media that some people have begun to flee the city.  It is imperative that the Japanese government tell the truth about what is going on because this could potentially affect the health of millions of people.  There are over 12 million people in the city of Tokyo alone.  If this nuclear crisis continues to get worse it could potentially end up killing more Japanese than the tsunami just did.

Yes, things really are that serious.

We are not just talking about a repeat of Chernobyl.

We are possibly talking about “many Chernobyls”.

It is somewhat understandable that the Japanese government and the mainstream media do not want to panic the public, but the reality is that people need the truth about what is going on.

Unfortunately, it is not likely that the Japanese government or the mainstream media are going to “change their stripes” overnight, so in order to try to get an idea of what is really going on we need to look at the clues.

Sometimes it is much more important to watch what people are doing rather than what they are saying.

For example, a significant number of foreign governments are now evacuating personnel from Tokyo.

Why would they be evacuating if there was no threat?

Posted below are 27 signs that the nuclear crisis in Japan is much worse than either the mainstream media or the Japanese government have been telling us.  When you take all of these clues and you put them together it really does paint a frightening picture….

#1 Japanese Prime Minister Naoto Kan is urging all people living within 30 kilometers of the Fukushima Dai-ichi nuclear facility to stay indoors.

#2 Andre-Claude Lacoste, the head of France’s Nuclear Safety Authority, says that the containment vessel surrounding the No. 2 reactor at Japan’s Fukushima Dai-ichi nuclear complex is “no longer sealed“.

#3 Radiation levels in Tokyo are already 10 times above normal levels.

#4 Reuters is reporting that some residents of Tokyo are already starting to flee the city.

#5 Radiation levels in one city north of Tokyo, Utsunomiya, were recently reported to be 33 times above normal levels.

#6 Radiation levels in the city of Saitama have been reported to be 40 times above normal levels.

#7 According to Japanese Prime Minister Naoto Kan, the “possibility of further radioactive leakage is heightening.”

#8 The Japanese government is admitting that radiation levels near the Fukushima Dai-ichi complex are very harmful to human health.

#9 According to the World Nuclear Association, exposure to over 100 millisieverts of radiation a year can lead to cancer.  At this point the level of radiation being measured right outside the number 4 reactor at the Fukushima Dai-ichi complex is 400 millisieverts per hour.

#10 A U.S. Navy crew that was assisting in relief efforts was exposed to a month’s worth of nuclear radiation in just a single hour.

#11 According to the U.S. Navy, low levels of radiation have been detected at their bases in Yokosuka and Atsugi.

#12 The USS Ronald Reagan recently detected significant levels of radiation 100 miles off the Japanese coast.

#13 The operator of the Fukushima Dai-ichi complex has pulled out 750 of the 800 workers that were working at the facility.

#14 The French embassy in Tokyo is advising French citizens to leave the city.

#15 The German embassy in Tokyo is advising all German citizens to leave the country entirely.

#16 German technology company SAP is evacuating their offices in Tokyo.

#17 Austria has announced that it is moving its embassy from Tokyo to Osaka due to fears about the radiation.

#18 Finland is urging all of their citizens to leave Tokyo.

#19 The Czech military is sending planes to Japan specifically to evacuate the Czech Philharmonic Orchestra.

#20 Air China is canceling many flights to Tokyo.

#21 The Chinese Embassy has announced that it will be evacuating all Chinese citizens from the Miyagi, Fukushima, Ibaraki and Iwate prefectures.

#22 Russia is making preparations to evacuate civilians and military units from the Kuril Islands.

#23 Physicist Frank von Hippel recently told the New York Times the following about this disaster: “It’s way past Three Mile Island already”.

#24 The president of France’s nuclear safety authority says that this crisis is now almost as bad as Chernobyl was….

“It’s clear we are at Level 6, that’s to say we’re at a level in between what happened at Three Mile Island and Chernobyl.”

#25 There have been reports of extremely high radiation at another nuclear facility in Japan.  It has been reported that at the Onagawa nuclear plant radiation that is 700 times the normal level was detected at one point.

#26 One anonymous senior nuclear industry executive told The Times Of India that Japanese power industry managers are “basically in a full-scale panic” and that “they don’t know what to do”.

#27 It is also being reported that there were over 600,000 spent fuel rods stored at the Fukushima Dai-ichi complex.  Most of these rods were apparently stored near the top of the 6 reactor buildings.  There have already been major explosions at three of those buildings.  It is now feared that there is now nothing to prevent many of these spent fuel rods from releasing radiation into the atmosphere.  That is really, really bad news.

So is there a threat that nuclear radiation from Japan could reach the United States?

Well, actually everyone agrees that radiation could reach the United States.  The controversy is whether or not it will be enough to be harmful to human health.

The Nuclear Regulatory Commission is admitting that it is “quite possible” that nuclear fallout from this disaster could reach the United States.  In fact, Nuclear Regulatory Commission spokesman David McIntyre says that there could already be radiation from Japan over America….

Right now it’s quite possible that there could be some radiation floating over the United States.

But most government officials in the U.S. are insisting that there is “no threat” to the health of American citizens from this crisis at this point.

So how would nuclear radiation from Japan get transported to the United States?

Well, if radiation released by a damaged nuclear reactor got up into the jet stream, the first major land mass that it would encounter would be North America.  In fact, the jet stream commonly takes air from over Japan directly over the west coast of the United States.  The following video demonstrates this fact beautifully….

So is there any reason for those of us living in the United States to be concerned?

According to the Japanese government, the U.S. government and the mainstream media there is not.

But do you believe them?

The truth is that they seem much more concerned with keeping the public calm rather than telling the public the truth.

Radiation levels are increasing all over northern and central Japan.  People are starting to leave Tokyo and other major cities in the region.  Foreign governments are evacuating personnel.  Fires continue to erupt at the Fukushima Dai-ichi complex.  The authorities in Japan seem to have no idea how to solve this crisis.

If even one of those damaged nuclear reactors fully melts down it is going to be a complete and total nightmare.  If you live in an area that could potentially be affected by nuclear radiation from Japan you might want to start figuring out how you and your family are going to handle this crisis.

14 Reasons Why The Economic Collapse Of Japan Has Begun

The economic collapse of Japan has begun.  The extent of the devastation is now becoming clear and many are now projecting that this will be the most expensive natural disaster in modern human history.  The tsunami that struck Japan on March 11th swept up to 6 miles inland, destroying virtually everything in the way.  Countless thousands were killed and entire communities were totally wiped out.  So how does a nation that is already drowning in debt replace dozens of cities and towns that have suddenly been destroyed?  Many in the mainstream media are claiming that the economy of Japan will bounce right back from this, but they are wrong.  The tsunami decimated thousands of square miles.  The loss of homes, cars, businesses and personal wealth is almost unimaginable.  It is going to take many years to rebuild the roads, bridges, rail systems, ports, power lines and water systems that were lost.  There are going to be a significant number of Japanese insurance companies and financial institutions that are going to be totally wiped out as a result of this great tragedy.  Of course in the days ahead the Japanese people will band together and work hard to rebuild the nation, but the truth is that it is impossible to “bounce right back” from such a massive loss of wealth, assets and infrastructure.

Just think about what happened after Hurricane Katrina.  Did the economy of New Orleans bounce right back?  No, there are some areas of New Orleans today that still look like war zones.

Well, this disaster is much worse.

The truth is that this is going to be one of the defining moments in the history of Japan.  Hundreds of miles along the coast of Japan have been absolutely devastated.  Authorities are finding it difficult to even get food and water into some areas at this point.

Even before this great tragedy Japan was one of the nations that was on the verge of a national economic collapse.  Their economy had been in the doldrums for over a decade and their national debt was well over 200 percent of GDP.  Now the Japanese economy has experienced a shock from which it may never truly recover.

The Bank of Japan is already flooding the Japanese economy with new yen, and so we may indeed see some impressive “economic growth” statistics at the end of the year.  But just because lots more yen are being passed around does not mean that the Japanese economy is in better shape.

The truth is that a tsunami of yen is not going to undo the damage that the tsunami of water did.  A massive amount of Japanese wealth was wiped out by this disaster.  An economy that was already teetering on the brink is now very likely going to plunge into oblivion.

It is fine to be optimistic, but the cold, hard reality of the situation is that this is a knockout blow for the Japanese economy.  The extent of the devastation is just too great.  This truly is a complete and total nightmare.

The following are 14 reasons why the economic collapse of Japan has now begun….

#1 The Bank of Japan has announced that they have decided to flood the Japanese economy with 15 trillion yen.  That is the equivalent of roughly $183 billion dollars.  This is going to provide needed liquidity in the short-term, but it is also going to set Japan on a highly inflationary course.

#2 Japan’s Nikkei 225 stock average declined by more than 6 percent on Monday.  As the full extent of the damage becomes apparent more declines are likely.

#3 Oil refineries all over Japan have been severely damaged or destroyed.  For example, six refineries that combine to process 31 percent of the oil for Japan have been totally shut down at least for now.

#4 The damage to roads, bridges, ports and rail systems is estimated to be in the billions of dollars.  The damage done to power lines and water systems is almost unimaginable.  It is going to take many years to rebuild the infrastructure of Japan.

#5 Right now the flow of goods and services in many areas of northern Japan has been reduced to a crawl, and this is likely to remain the case for quite some time.

#6 Many cities and towns along the east coast of Japan have essentially been completely destroyed.

#7 Japan’s nuclear industry is essentially dead in the water at this point.  Even if there is not a full-blown nuclear meltdown, the events that have transpired already have frightened people enough to cause a massive public outcry against nuclear power in Japan.

#8 Japan is going to need even more oil and natural gas in the long run to replace lost nuclear energy production.  Prior to this crisis, Japan derived 29 percent of its electricity from nuclear power.

#9 Japan is the second largest foreign holder of U.S. government debt, but that is about to change.  Japan currently has about $882 billion in U.S. Treasury bonds and they are going to have to liquidate much of that in order to fund the rebuilding of their nation.

#10 Many factories in Japan are closing down at least temporarily.  For example, Nissan has shut down four factories and Sony has shut down six factories.

#11 Toyota has shut down all production at its factories in Japan until at least March 16th.

#12 A substantial number of Japanese financial institutions and insurance companies are absolutely going to be devastated by this nightmare.

#13 Japan’s budget deficit was already 9 percent of GDP even before this tragedy.  Now they are going to have to borrow lots more money to fund the rebuilding effort.

#14 Japan’s national debt was already well over 200 percent of GDP even before this tragedy.  How much farther into the danger zone can they possibly go?

Sadly, as the economy of Japan goes down it is going to have a huge affect on the rest of the world as well.  For example, Japan is no longer going to be able to buy up huge amounts of U.S. Treasuries.  So who is going to pick up the slack?  Will our government officials beg China to lend us even more money?  Will the Federal Reserve just “buy” even more of our government debt?

Right now there are more questions than there are answers, but what is clear is that the Japanese economy has just been dealt an incapacitating blow.  Hopefully this tragedy will bring out the best in the Japanese people, but no matter how resilient they are, the truth is that this is something that no nation would be able to bounce back from quickly.

Let us hope that the economic damage from this tragedy will be contained and will not spread to the rest of the world.  The global economy is already in enough trouble, and hopefully this tragedy will not cause a cascade of economic failures to sweep the globe.

Has The Tsunami In Japan Destroyed The Japanese Economy?

The entire world is in a state of mourning today as details regarding the horrific damage caused by the massive tsunami in Japan continue to trickle in.  The magnitude 8.9 earthquake that caused the tsunami was the largest earthquake that Japan has ever experienced in modern times.  Waves as high as 30 feet swept over northern Japan.  The tsunami waters reached as far as 6 miles inland, and authorities have already recovered hundreds of dead bodies.  Those of us that have seen footage of this disaster on television will never forget it.  But this nightmare is not over yet.  There have been dozens of aftershocks, and many of them have been quite large.  In fact, there have been 19 earthquakes of at least magnitude 6.0 in the area over the last 24 hours.  So what is this disaster going to do to the 3rd largest economy in the world?  Japan already had a national debt that was well over 200 percent of GDP.  Could this be the “tipping point” that pushes the Japanese economy over the edge and into oblivion?

It is hard to assess the full scope of the damage to Japan at this point, but virtually everyone agrees that much of northern Japan is a complete and total disaster area at this point.  Many towns have essentially been destroyed.  Some are estimating that the economic damage from this disaster will be in the hundreds of billions of dollars.  Others believe that the final total will be in the trillions of dollars.

Fortunately, major cities such as Tokyo came through this event relatively unscathed and most of the major manufacturing facilities are not in the areas that were most directly affected by the earthquake and the tsunami.

But let there be no doubt, this was a nation-changing event.  Japan will never quite be the same again.

Also, it isn’t just Japan that will be affected by this.  The truth is that economic ripples from this event will be felt all over the world.

An economist from High Frequency Economics, Carl Weinberg, told AFP the following about the economic consequences of this disaster….

“There is no way to assess even the direct damage to Japan’s economy or to the global economy. This is a sad day for Japan, and economic aftershocks could affect the whole world’s economy.”

It is literally going to take months to figure out exactly how much damage has been done.  Let us just hope that we don’t see any more major earthquakes in the area.

The Japanese are a very resilient people and the Bank of Japan is already vowing that it will be doing whatever is necessary to ensure the stability of the financial markets.  The Bank of Japan has announced that it is going to provide as much liquidity as necessary to keep the Japanese economy functioning normally.

But the truth is that the Bank of Japan has already been printing money like crazy….

Is a tsunami of new yen really going to solve the economic damage that has been done by the earthquake and the tsunami?

Of course not.

The truth is that the economy of Japan was already deeply struggling before this disaster.

The national debt of Japan is now well over 200% of GDP and there seems to be no doubt that they will need to borrow massive amounts of money to deal with the aftermath of this crisis.

Up until now the Japanese government has been able to borrow money at ultra-low interest rates of around 1.30 percent for 10-year bonds, drawing on a huge pool of savings from its own citizens.

But in light of what has just happened, will the citizens of Japan still have enough resources to continue to fund the rampant spending of the Japanese government?

At this point, it is estimated that this gigantic mountain of debt breaks down to 7.5 million yen for every single citizen of Japan.

Politicians in Japan have been pledging for years to do something about all of this debt, but nobody has been able to make much progress.

Even before this disaster, the major credit rating agencies were warning that they may have to downgrade Japanese government debt.  The earthquake and the tsunami are certainly not going to make the Japanese even more credit-worthy.

Hideo Kumano, the chief economist at Dai-ichi Life Research Institute, has said that a “tipping point” will come when world financial markets finally recognize that the government of Japan simply cannot afford to service its debt any longer….

“It’s hard to predict when the bond market might collapse, but it would happen when the market judges that Japan’s ability to finance its debt is not sustainable anymore.”

Is the massive tsunami that just hit Japan such a tipping point?

Other countries such as Greece and Ireland would have already collapsed if it had not been for the massive international bailouts that they received.

So who is going to bail Japan out?

This could potentially be one of the greatest economic disasters that the world has seen since World War 2.

With the world already on the verge of a major financial collapse, this is the last thing that world financial markets needed.

In fact, much of the rest of the world had been hoping that an influx of capital from Japan would help to stabilize things.

For example, Japanese insurance companies had recently announced that they were planning on buying up lots of European sovereign debt, but now obviously those plans are on hold.  As a result of this disaster, Japanese insurance companies will be forced to sell off assets like crazy in order to pay settlements.  But as Zero Hedge is correctly pointing out, without Japanese financial institutions stepping in to soak up Eurozone bonds this is going to make the European sovereign debt crisis even worse.

But right now the focus in on the devastation in Japan.  At the moment it is unclear how much of the economic infrastructure of Japan has survived.

For example, as USA Today is reporting, some factories cannot even be reached by phone at this point….

Toyota’s phone calls to its plants in affected areas were not being answered, said Shiori Hashimoto, a spokeswoman in Tokyo. The Toyota City-based carmaker began production at a new plant in Miyagi this year that makes Yaris compact cars and has capacity to make 120,000 vehicles a year.

What is clear is that the cost of recovering and rebuilding after this disaster is going to put extraordinary financial stress on the Japanese government.

Julian Jessop of Capital Economics certainly does not sound optimistic about what this is going to mean for the Japanese economy….

“Japan’s economic recovery has lost momentum and a large part of the reconstruction costs will add to the government’s significant debt burden.”

Hopefully the full extent of the damage is not as bad as many are now fearing.

But the truth is that this is a huge, huge event for a world economy that was already on the verge of collapse.

May our thoughts and our prayers be with the Japanese people at this time.

This is truly one of the biggest disasters that any of us have ever seen, and Japan will never be the same again.