Alert! – Nuclear (and Economic) Meltdown In Progresby Chris Martenson
It is with a heavy heart that I am now issuing the highest level alert to my readers than I have to date. The threshold for an alert is one or more world events that personally cause me to take action.
I’m making this alert publicly available less than 36 hours after releasing it to my enrolled subscribers given its importance and the speed at which events are accelerating.
The substance of this alert centers on the unknown aftershocks that may result from the world’s third largest economy, Japan, rapidly shifting from an exporter of funding to a consumer of it. In situations like these, we are by definition operating with incomplete and often confusing information, and events are developing more rapidly than they can be fully analyzed and internalized. We regret in advance any mistakes that we might make due to making calls and decisions in this highly fluid environment.
This alert warns you that major world-changing events are now underway and that your personal preparations for an uncertain future should either be completed or take on a new sense of urgency. On the basis of the information contained here and in the past two days of posts, I am personally ratcheting up my preparations, making purchases, and topping off what needs to be topped off.
Important caveat: At this point in time, I cannot fully support 100% of my concerns with hard data and evidence. Some of what has tipped me into this state of urgency is data, evidence, and stories that I can point to. Some is due to the absence of data or information, the remainder results from watching market gyrations and correlations shift into new patterns, which tell me something is afoot.
I have not been this concerned since October of 2008.
The Good News & Bad News About The Reactorsby Chris Martenson
Note: I am simply going to continuously add material to this article on Japan and the impact on the world economy so that we don’t ‘lose’ a very rich discussion that resulted from the alert by splitting it into a different thread.
Friday, March 18, 2:12 P.M.
First, the fact that it’s been 24 hours without any significant reported deterioration of the heat or radiation emitting from the Fukushima complex hints that the situation has possibly hit bottom and/or stabilized. No news is good news. One view would be that the spent fuel has had plenty of time to do whatever it was going to do, and so far there are no signs that it’s gone critical or burst back into flames. Perhaps it’s done all it’s going to do.
Also, NHK is reporting that electricity has been restored and that the water pumps serving Reactor #3 have been restarted. That’s an enormous relief if it’s true. Let’s keep our fingers double crossed that it is.
That’s the good news.
Now for the bad news.
Mapping The Fugly Future with David Collumby David Collum
In the course of his info-scouting, Chris has conversations with many different thinkers. Some are well-known to you; others perhaps less so. An important objective of our podcast interview series is to expose our listeners to the variety of voices and points of view that Chris considers when developing the perspective that he brings to his reporting.
David Collum may be a new voice to many of you. Like Chris, David came to the field of macroeconomic study from a scientific background. Again like Chris, his published observations and predictions have begun to amass a readership built on respect for his emprical approach to projecting the future. For those of you unfamilar with David's work, we think you'll enjoy having this insider's ear to his recent recorded discussion with Chris, which covers a wide range of topics.
In short, David sees a world where market risk has been removed (through misguided government intervention), leading to perverse behavior. In many ways, we are repeating the sins of past empires – and he warns us that history has a much higher incident rate of soverign insolvency than we may want to believe.
Deep Impact: Why The Deepwater Disaster Spells Serious Troubleby Chris Martenson
A new Martenson Report is ready for enrolled members.
Link – Deep Impact: Why The Deepwater Disaster Spells Serious Trouble
- We can say with absolute certainty that future oil exploration and development costs are going to rise.
- Our date with an oil supply shock now seems probable for the 2011 to 2012 timeframe.
- A new paradigm is emerging, in which downsizing trumps growth.
- A permanent energy crunch will lead to higher prices for all things connected to energy.
- It would not be too strong to suggest that our federal commitment to energy efficiency is a farce.
- In terms of personal planning, do not take anything for granted.
- While I am not sure how this will play out yet, I am quite comfortable stating that the age of abundance is drawing to a close.