We May Be ‘Facing 50-100-year Battle’ At Fukushima

| March 31, 2011

So you want your power to come from a nuclear reactor do you……A nuclear expert has warned that it might be 50-100 years before melting fuel rods can be safely removed from Japan’s Fukushima nuclear plant.  Two new experts say capping the damaged reactors with concrete is not an option.  They had better get together with […]

Wal-Mart CEO To America: “Prepare For Serious Inflation”

| March 31, 2011

Wait a minute, hasn’t the government been saying inflation wouldn’t be a problem?   Yes, they have… it won’t be the first time that they’ve lied to us.  Food shortages are coming this summer……along with serious price increases.  U.S. consumers face “serious” inflation in the months ahead for clothing, food and other products, the head of Wal-Mart’s U.S. operations warned […]

Japan Talks Of Entombing Nuclear Plant In Concrete To Halt Radiation

| March 30, 2011

Looks like the Japanese nuclear power plant is going to be a total loss and we haven’t been told the whole story about Japan’s nuclear disaster…..so here we go with an update.  Chief Cabinet Secretary Yukio Edano ruled out the possibility that the two undamaged reactors at Tokyo Electric Power Co.’s six-unit Dai-Ichi plant would […]

Preparing For Big Changes In CUBA

| March 29, 2011

We’ve been looking for big changes in Cuba, and in fact we know of a particular person that went to Cuba to visit relatives recently and has returned back to the U.S., He says things are turning for the better, it’s definitely different.  One thing is for certain,  the money will pour into Cuba when the […]

The Guardian Is Reporting That The Core At Reactor 2 May Have Melted To Concrete

| March 29, 2011

News is leaking out of Japan on the nuclear reactors, no pun intended…..General Electric experts are talking of  a blob of nuclear lava as an end result of a total melt down on unit 2 which appears to be a total loss.  If true, the “experts” say it should take away the risk of explosion!  Workers […]

Japanese Electrical Grid: The Perfect Storm For Slow Economic Recovery

| March 28, 2011

They gotta be kidding…… Nope                                                           Question: Why can’t Japanese electrical power be moved around such a small country?  Answer:  Electrical power can’t be moved for a simple, stunning reason. The northern half of Japan uses 100 volt, 50 hertz (cycles per second) electricity and the southern half uses 100 volt, 60 hertz. If you pump 60 hertz […]

Stay Focused Folks

| March 23, 2011

We have world changes in the Middle East.  We have peak oil production. We have inevitable hyperinflation. But all the attention is currently on Japan,  as markets forget the growing foundation of international dislocation. Stay focused…… Stay disciplined. www.jsmineset.com

The Curious (New) Gulf Of Mexico Oil Leak…….

| March 23, 2011

Of course nobody is going to own up to it…….The Coast Guard has yet to put forth an official estimate of the volume of crude that has made landfall, but Mr. Edwards said that it “appears to be more than a few gallons of oil.” HOUSTON — The U.S. Coast Guard said Wednesday that oil […]

Record New Home Sales…Auh, Record (Low) New Home Sales That Is!

| March 23, 2011

Well, records are made to be broken…..At just 250,000 annualized, this was the lowest annualized new home sales number ever.  The government continues to say we have a recovery, they are right to some degree. The problem is the whole recovery is being supported by the government….anyone care to guess what will happen without that support.  […]

Israel Update: Next Up?

| March 23, 2011

The Middle East is on fire…….Israel next up.  One mishap and the whole Middle East could go up in smoke! INTERIOR MINISTER ELI ISHAI SAYS SITUATION DETERIORATING ISHAI SAYS ISRAEL MAY HAVE TO ACT IF DETERIORATION CONTINUES ISHAI LINKS JERUSALEM BOMBING TO ITAMAR STABBING, GAZA VIOLENCE ISHAI SPEAKS ON ISRAEL ARMY RADIO

Portuguese Government Rejects Austerity Plan, Government Collapses

| March 23, 2011

Next Up: Government resignation, crisis, bail out, etc. We’ve already seen the drill elsewhere……. Just In: Portugal’s Prime Minister José Sócrates tendered his resignation after Parliament rejected a new government austerity plan. PORTUGUESE PARLIAMENT REJECTS GOVERNMENT’S DEFICIT-CUTTING PLAN PORTUGAL’S PARLIAMENT BACKS RESOLUTION AGAINST GOVERNMENT PLAN

Dallas Fed President Fisher: U.S. May Be Approaching Insolvency Tipping Point, Fix Will Be ‘Painful’

| March 22, 2011

The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,” according to Dallas Federal Reserve Bank President Richard Fisher. “If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when,” Dallas Federal Reserve Bank President Richard Fisher said in […]

Crippled Cooling Pump At Reactor #2 Puts Power Restoration Plan At Risk

| March 21, 2011

We have a long long way to go before this problem goes away! TEPCO managed to restore the power supply to its radioactive power plant. The key problem at hand has not been fixed at all. Not even close. According to New York Daily News: “Cooling pumps at one of Japan’s crippled nuclear reactors are damaged beyond […]

Israel Warplanes Fly Over Gaza, Bomb Hamas Military Site

| March 21, 2011

Black Swans everywhere…… ISRAELI WARPLANES HIT HAMAS MILITARY SITE IN GAZA, XINHUA SAYS ISRAELI GAZA ATTACKS INJURE FIVE PEOPLE, AL-ARABIYA REPORTS ISRAELI WARPLANES FLYING OVER GAZA, AL-ARABIYA REPORTS

U.S. Existing Home Prices And Sales Fall February

| March 21, 2011

Sales of U.S. previously owned homes dropped more than forecast in February and the median price dropped to $156,100 from $164,600 one year ago.  Sales of U.S. previously owned homes dropped more than forecast in February and the median purchase price declined to the lowest since the same month in 2002, indicating the housing market […]

Atomic Energy Commission And The Nuclear Regulatory Commission Lied About Major Accidents For Years

| March 19, 2011

Question….Do governments ever tell the truth?  Doesn’t seem so. The NRC said in the 1980’s that it was estimated that there was a 50% chance of a nuclear meltdown within the next 20 years,  which would be so large that it would contaminate an area the size of the State of Pennsylvania, and would result in huge numbers […]

Allied Forces Attack Libya…Middle East: A Match Looking For A Stick Of Dynamite

| March 19, 2011

Are we seeing the start of WW III…..? U.S. and coalition forces launched military strikes against Libya, gambling that a rapid and substantial attack could knock out loyalist support for Gadhafi. Gaza Fires 50 Mortars Into Israel, Heaviest Barrage In Two Years….. Israel is sure to bring even more geopolitical tension, especially with Iran adn […]

Middle East Back On The Front Pages….Yemeni President Ali Abdullah Declares A “State Of Emergency”

| March 18, 2011

It looks like the Middle East is heating up again…. SAN’A, Yemen—Armed men opened fire on crowds of antigovernment protesters Friday in Yemen’s capital, killing an estimated 45 people and injuring hundreds—prompting Yemeni President Ali Abdullah Saleh to declare a state of emergency and suggesting his government has shifted to a hard line against its […]

U.S. Cost Of Living Costs Hit A New Record High

| March 17, 2011

So what happened to deflation…..ah, it’s deflation for the old folks on social security, no cost of living raises for them….but there is inflation for our esteemed congress, so of course they voted themselves an inflationary raise!  It’s pretty basic politics, come to think of it! A special index created by the Labor Department to […]

Diagram Of Stricken Nuclear Reactors In Japan

| March 16, 2011

The diagram at the bottom below shows all six stricken reactors. Reactors one to four have been over-heating since the tsumani. But reactors five and six, on a separate part of the site today began heating up as well. ‘We’re very close now to the point of no return,’ Dr. Michio Kaku, a theoretical physicist, said. […]

John Williams – The Great U.S. Collapse Nears

| March 15, 2011

John Williams doesn’t speak blindly, he has been a frequent guest on CNBC, Bloomberg, Barrons etc, and he has multitudes of statistics to back up his “seemingly outlandish” but more than likely correct forecast……By the way, Williams time frame falls into the period leading up to 2014, similar to the Kress Economic Cycle that takes us down hard from […]

Locations Of New Nuclear Power Plants Currently Under Construction

| March 15, 2011

One would guess some rather important changes may be made to new currently under construction nuclear power plants… The map below, courtesy of the World Nuclear Association, identifies the locations of nuclear power plants that are currently under construction. Of these, 42% reside in China; 16% in Russia and 11% in India. The G-7 countries, combined, […]

Stratfor On Japan, The Persian Gulf And Energy

| March 15, 2011

03-15-2011 Japan, The Persian Gulf And Energy  By George Friedman Over the past week, everything seemed to converge on energy. The unrest in the Persian Gulf raised the specter of the disruption of oil supplies to the rest of the world, and an earthquake in Japan knocked out a string of nuclear reactors with potentially […]

Update: Some Added Thoughts On Japan

| March 15, 2011

Some more thoughts on Japan….we are told, (hopefully correctly), that this is more of a repeat of a Three Mile Island situation where half the fuel rods melted, than Chernobyl where they all did.  And…Small amounts of low radiation cesium and iodine have already been released, which should be measurable on American roof tops in about ten […]

Japanese Nuclear Meltdown World Weather Map

| March 14, 2011

Should any of these plants go into full meltdown (indications are (2) already have) there will be both a human and economic disaster worse than 1945. Japan’s nightmare gets even WORSE: All THREE damaged nuclear reactors now in ‘meltdown’ at tsunami-hit power station.   By Richard Shears Last updated at 5:09 PM on 14th March 2011 The […]

Japanese Nuclear Reactor Update

| March 13, 2011

From the IAEA Blog: Based on information provided by Japanese authorities, the IAEA can confirm the following information about the status of Units 1, 2 and 3 at Fukushima Daiichi nuclear power plant. Unit 1 is being powered by mobile power generators on site, and work continues to restore power to the plant. There is […]

Nuclear Experts Explain Worst-Case Scenario At Japan’s Fukushima Power Plant

| March 13, 2011

Let’s review the specific power plant in question, the General Electric design BWR Mark 1. “This is a boiling water reactor. It’s one of the first designs ever developed for commercial reactors in this country, and it’s widely used in Japan as well. Compared to other reactors, if you look at NRC studies, according to calculations, […]

Japan Now Has 6 Nuclear Reactors In The Fail Mode!

| March 12, 2011

A third reactor at the Fukushima No. 1 plant loses its emergency cooling capacity, bringing to six the number of reactors that have failed at the two Fukushima nuclear power plants since the earthquake and tsunami.     Another nuclear reactor at the Fukushima No. 1 facility in Japan has lost its emergency cooling capacity, […]

Here Is Why The Stock Market Continues Higher….It Has Followed The Federal Reserve’s Balance Sheet

| March 12, 2011

This will continue until the stimulus stops, at that point everything will change, and not for the better!  So, eyes on the road everybody.  New guidance should be coming soon from the Federal Reserve.

Japanese Government Confirms Nuclear Reactor Core Meltdown

| March 12, 2011

  Stratfor: Japanese Confirm Meltdown   March 12, 2011 Japan’s Nuclear and Industrial Safety Agency (NISA) said March 12 that the explosion at the Fukushima Daiichi No. 1 nuclear plant could only have been caused by a meltdown of the reactor core, Japanese daily Nikkei reported. This statement seemed somewhat at odds with Japanese Chief […]

Lots Going On Here….Radiation 1,000 Times Normal At Japanese Nuclear Plant

| March 11, 2011

Details are sketchy….but TOKYO, March 12, Kyodo The amount of radiation reached around 1,000 times the normal level Saturday in the control room of the No. 1 reactor of the Fukushima No. 1 nuclear power plant, the Nuclear and Industrial Safety Agency said. The discovery suggests radioactive steam could spread around the facility operated by […]

Question: How Important Is A Rising Population For Economic Growth

| March 10, 2011

Answer: Countries don’t grow without immigration and rising populations….and Germany is going the wrong way.  They’re not alone on this. BERLIN   Germany, already grappling with one of Europe’s fastest aging and shrinking populations, faces a growing shortage of skilled labor for another, more immediate reason: stepped-up recruiting from abroad for the country’s top engineering and scientific […]

Friday’s Events In The Middle East Will Be Front And Center

| March 10, 2011

  Red Alert: Saudi Police Fire On Protesters In Oil Hub March 10, 2011 Saudi police have reportedly opened gunfire on and launched stun grenades at several hundred protesters March 10 rallying in the heavily Shiite-populated city of Qatif in Saudi Arabia’s oil-rich Eastern Province. The decision to employ violence in this latest crackdown comes […]

B Of A Says Almost Half Of Its Mortgages Are To Be Segregated “Bad”

| March 10, 2011

Interesting….. Bank of America Says Nearly Half Its Mortgages Are ‘Bad’ Washington Business Journal Bank of America Corp. is segregating almost half its 13.9 million mortgages into a “bad” bank comprised of its riskiest and worst-performing “legacy” loans, Bloomberg News reported, citing Terry Laughlin, who is running the new unit. “We are creating a classic […]

Cumberland Continues To Say “This Is Nowhere Near Over” On Middle East Problems

| March 10, 2011

Cumberland Advisors Day of Rage March 10, 2011 Modern technology.  Read email of Saudi events on WiFi at 38,000 feet.  This will be brief. The day of rage came early.  All outcomes are speculative.  Contagion has reached Saudi Arabia. Recent history shows Al-Qaida actively targeted Saudi Arabia several times.  Until now, no success.  Events in […]

Kansas: Big Changes Ahead For Kansas Public Employees Retirement System

| March 9, 2011

This is moving East to West, California’s day not to far away! TOPEKA, Kan. – A Kansas House committee endorsed a bill Wednesday that would cut future retirement benefits for current teachers and government workers to help solve the long-term funding woes of their pension system. The measure that cleared the Pensions and Benefits Committee […]

Oh Please….Lets Get Serious, $4 Billion In Spending Cuts That Congress Just Approved To Avoid A Government Shutdown Amounts To About Ten Hours Of Government Spending And Less Than A Day Of Treasury Borrowing.

| March 8, 2011

Rick’s Picks “Phenomenally accurate forecasts” Senate minority leader Mitch McConnell said on Face the Nation yesterday that President Obama wasn’t serious about the budget. Lest anyone mistake this for partisan sniping, here’s an interesting factoid that drives the charge home:  the $4 billion in spending cuts that Congress just approved to avoid a government shutdown […]

Social Welfare Benefits Make Up 35 Percent Of Wages And Salaries This Year

| March 8, 2011

Yikes! Government payouts—including Social Security, Medicare and unemployment insurance—make up more than a third of total wages and salaries of the U.S. population, a record figure that will only increase if action isn’t taken before the majority of Baby Boomers enter retirement. Even as the economy has recovered, social welfare benefits make up 35 percent […]

European Gasoline Hits All Time Record Of $8.632 Per Gallon

| March 8, 2011

This makes it hard to see economic growth….especially in Europe! In Europe, gasoline has just hit an all time record of $8.632 per gallon! As HLN.be reports: Petrol 95 at €1.624 per litre. This breaks the 2008 record of €1.61 per liter.” Translated into American this means that a gallon of gas in Europe is […]

Wikileaks Concerns – Saudi Oil Production and Reserves

| March 7, 2011

World changing events are taking place in the oil rich Middle East.  Saudi Arabia drafts another 10,000 troops ahead of protests, and drafting up to 10,000 security forces to the north eastern Muslim Shia provinces ahead of mass protests planned next week. Peak oil has passed. The economic dominance of the West is now history. Those […]

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