Global financial markets are in turmoil as the situation in Japan continues to deteriorate. Stock markets are plunging all over the world as investors flock to investments that are considered to be safer. The 9.0 earthquake and the unprecedented tsunami in Japan would have been more than enough to spook investors and unleash chaos on world financial markets, but now the unfolding nightmare at the Fukushima Dai-ichi nuclear facility is really starting to cause panic. Right now there is a mass exodus out of the city of Tokyo. But not everyone can leave the city. There are over 30 million people living in and around Tokyo. So where in the world could you possibly put 30 million refugees? Sadly, the truth is that millions of Japanese are going to stay in Tokyo no matter how high the radiation gets. Let us hope that Japanese authorities can get the situation at the Fukushima Dai-ichi nuclear facility under control, but the fact that they have resorted to dropping water from helicopters and shooting water cannons at these nuclear reactors is not comforting. (Read More...)
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. (Read More...)
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. (Read More...)
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? (Read More...)
Federal Bureaucrats: Get Your Dirty Hands Off Of Our Light Bulbs
In the United States today, thousands upon thousands of ridiculous federal regulations tightly control almost every area of our lives. One example of this is that starting on January 1st, we are no longer going to be able to buy certain kinds of light bulbs in the United States. Back in 2007, President George W. Bush signed a law that mandates the following: “Manufacturers will no longer be able to make the 100-watt Thomas Edison bulb after Jan. 1, 2012, followed by the 75-watt version in Jan. 2013, and the the 60- and 40-watt bulbs in Jan. 2014.” Yes, you read that correctly. Federal bureaucrats are running wild and the nanny state has decided that you are simply not going to have the choice to buy traditional light bulbs anymore. So why the change? Incandescent light bulbs have not been proven to be unsafe and consumers still want to buy them. The new CFL (compact fluorescent lamp) light bulbs are more expensive and are actually worse for the environment. So why was this law passed? The feds passed it because they decided that existing light bulbs use too much energy and have too large of a “carbon footprint”. Instead of giving us choices and attempting to persuade us to change, the federal government is ramming their will down our throats. Well, it is about time that we told the federal bureaucrats that are trying to take our freedoms away that we want them to get their dirty hands off of our light bulbs. (Read More...)
Should We Be Alarmed That The Biggest Bond Fund In The World Has Dumped All Of Their U.S. Treasury Bonds?
Bill Gross, the manager of the biggest bond fund in the world, has forgotten more about bonds than most of us will ever learn. That is why the big move that PIMCO has just made is so unsettling. At one time PIMCO held more U.S. government debt than any other bond fund on the globe, but now news has come out that they have gotten rid of all their U.S. government-related securities. So should we be alarmed? For months Gross has been warning that the bull market in bonds is coming to an end, and now it looks like he is putting his words into action.s Gross has often publicly decried the rampant government spending that has been going on over the last several years, and apparently he has seen enough. He is taking his ball and he is going home. This really is a stunning move by PIMCO. Gross must really believe that something fundamental has shifted. Gross didn’t get to where he is today by being stupid. But so far world financial markets are taking this news in stride. Nobody seems all that alarmed that the largest bond fund in the world has dumped all of their U.S. Treasuries. But with world financial markets in such a state of chaos right now, shouldn’t we all take note when one of the biggest players in the game makes such a bold move? (Read More...)
Sheeple: Government Handouts = 35 Percent Of U.S. Wages But For Michael Moore That Is Not Nearly Enough
The ratio of government handouts to wages and salaries in the United States is now at an all-time high. According to TrimTabs Investment Research, government handouts have reached a level that is equivalent to 35 percent of all wages and salaries in the United States. Considering the fact that this figure was only 21 percent back in the year 2000 and only 10 percent back in 1960 that is very frightening. The sad truth is that today the American people are more dependent on direct government payments than they ever have been before. What this does is that it takes formerly independent Americans and transforms them into “sheeple” and pets of the government. Today we have tens of millions of Americans that eagerly await the crumbs that the federal government tosses them each month. This is one reason why our national debt is exploding, but our politicians like this system because it enables them to buy votes. Meanwhile, the federal government and the international corporations that dominate our economy have rigged the game so that power and money are becoming increasingly centralized in their hands. As a result of the system that the “big boys” have developed, millions of small businesses across the country are being absolutely crushed, the standard of living of the middle class is gradually being destroyed and more American families slip into poverty ever single day. What we need to do is to dramatically reduce the power of both the federal government and the big corporations so that small businesses and individuals can thrive once again, but instead “activists” such as Michael Moore are out there demanding even more taxes and even more government handouts. (Read More...)
Will The Day Of Rage In Saudi Arabia On March 11 Send The Price Of Oil Into Unprecedented Territory?
The price of oil is shaping up to be the number one economic story of 2011, and right now the eyes of the investing world are closely watching the developing situation in Saudi Arabia. All of the other recent Middle East revolutions have been organized on the Internet, and now all over Facebook and Twitter there are calls for a “Day of Rage” in Saudi Arabia on March 11. The Saudi monarchy is attempting to head off any protests by promising to give $37 billion in “benefits” to the people and by publicly proclaiming that all political demonstrations are specifically banned. In addition, the Saudi government is stationing thousands of security forces at various potential “hot spots” around the country. So far similar measures have not done much to quell unrest in other nations in the Middle East, but Saudi Arabia will be a true test of the revolutionary fervor that is sweeping the region. The Saudis have a long history of brutally repressing their own people. They simply do not mess around. So a revolution in Saudi Arabia will not be nearly as “easy” as it was in Tunisia, Egypt or Libya. However, if a revolution does sweep across Saudi Arabia, it is going to send the price of oil into unprecedented territory. Saudi Arabia is the number one exporter of oil in the world, and if their oil fields get shut down even for a little while it is going to have a dramatic effect on the global economy. With the world already on the verge of a major sovereign debt crisis, the last thing it needs is for the price of oil to start soaring into the stratosphere. (Read More...)