Monthly Archives: September 2011

Fukushima and the Battle for Truth

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Officials at the Fukushima Dai-ichi plant, where engineers are still struggling with small radiation leaks due to tsunami damage, expressed relief that Typhoon Roke’s driving winds and rain caused no immediate problems there other than a broken security camera.  Stuff.co.nz
Fukushima’s nuclear disaster is a nightmare. Ghostly releases of radioactivity haunt the Japanese countryside. Lives, once safe, are now beset by an ineffable scourge promising vile illness and death.

Large sectors of the population are accumulating significant levels of internal contamination, setting the stage for a public health tragedy.

A subtle increase in the number of miscarriages and fetal deaths will be the first manifestation that something is amiss. An elevated incidence of birth defects will begin in the Fall and continue into the indefinite future. Thyroid diseases, cardiac diseases and elevated rates of infant and childhood leukemia will follow. Over the next decade and beyond, cancer rates will soar.

Chernobyl was the harbinger of this heartbreaking scenario. It taught mankind the inescapable biological truths that emerge within populations internally contaminated by heightened levels of fission products. And yet, government and industry schemers attack these truths as unfounded scare-mongering. With cold indifference, they deny that Chernobyl was a mass casualty event. They turn a blind eye to a huge body of research and deviously proclaim that no evidence exists that more than a handful of people suffered harm from the Ukrainian disaster. They publish propaganda, draped in the guise of science, that dismisses the hazard of low levels of internal contamination. Believing their subterfuge to have been successful and intoxicated by their hubris, they are already positioning themselves to stage-manage the public’s perception of Fukushima.
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Here Comes The "China Hard Landing"!

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John Key’s shares are in the BoA. He can’t be very happy about where they are going!

Earlier today Bank of America released a presentation and a conference call in which the firm’s head of China equity strategy David Cui spoke about the dreaded “China Hard Landing” or the event that would kill all decoupling dreams for ever and ever, and probably lead to a world depression. It seems that the latest down move in the market is being partially attributed to just this notification finally making the rounds as can be seen in the note below: “BofAML’s David Cui is the Markets’ #1 rated China Strategist according to the 2011 Institutional Investor All-China Survey. While he is not responsible for our China GDP forecast, he sees significant Chinese specific financial market risks that could trigger lower than expected Chinese growth. He sees that those financial market risks as having increased considerably. He will expand on this on the call, but he sees these financial stresses as having a very high probability of triggering lower than expected growth. That lower growth could well be sub 7%, and therefore by Chinese market standards would be termed a “hard landing”, clearly a HUGE issue for all global markets.” Granted this is not news to those who have been following the Chinese situation (as fringe blogs have been for over a year), but the market does tend to have a habit of being about 12-18 months behind the curve. Here is what Bank of America had to say…

From Bank of America:

Fitch’s head of sovereign rating Andrew Colquhoun commented that in the near term, the biggest risk to China’s sovereign rating is the banking sector.

BofAML’s David Cui was ahead of the curve on this one:

He believes that there is still a large downside risk in China.

David believes that there is a good probability of a hard landing, he highlights timing associated with this could be past 2013 with the new administration.

After 3 years of loose monetary policy David doesn’t think it would be wise for the government to ease from here and if what David fears about the underlying lending markets materializes then more aggressive drop is quite possible.

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If you don't trust the "trader" maybe the head of the Italian UniCredit Securities will do.

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And when the banks no longer trust each other, not to lend to each other, the international financial markets stop. This in turn means that all financial institutions left alone with clients.

Either the YesMen have infiltrated Italy’s biggest, and most undercapitalied, bank, or the stress of constant, repeated lying and prevarication has finally gotten to the very people who know their livelihoods hang by a thread, and the second the great ponzi is unwound their jobs, careers, and entire way of life will be gone. Such as the head of UniCredit global securities Attila Szalay-Berzeviczy, and former Chairman of the Hungarian stock exchange, who has written an unbelievable oped in the Hungarian portal Index.hu which, frankly, make Alessio “BBC Trader” Rastani’s provocative speech seem like a bedtime story. Only this time one can’t scapegoat Szalay-Berzeviczy “naivete” on inexperience or the desire to gain public prominence. If someone knows the truth, it is the guy at the top of UniCredit, which we expect to promptly trade limit down once we hit print. Among the stunning allegations (stunning in that an actual banker dares to tell the truth) are the following: “the euro is “practically dead” and Europe faces a financial earthquake from a Greek default“… “The euro is beyond rescue”… “The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”….”A Greek default will trigger an immediate “magnitude 10” earthquake across Europe.“…”Holders of Greek government bonds will have to write off their entire investment, the southern European nation will stop paying salaries and pensions and automated teller machines in the country will empty “within minutes.” In other words: welcome to the Apocalypse…

But wait, there’s more.

 

Per request: Terrorist!!! It's just a word by Mhara Costello.

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‘Terrorist’ is just a word, one I wish I’d never heard

When it’s used to vilify, without the need to question why

Only fools would swift condemn, that which has not befallen them

Until you know what lies behind, the actions of a tortured mind

Thank your God for sparing you, the suffering others have lived through

Where are the cries of just demand, for Arabs driven from their land?

Blame the victim, turn the cheek, praise the bully, kick the weak!

Mock the man who truth does speak

Tinker, tailor, soldier, spy, greed, corruption, torture, lies!

Blair invasion, sly persuasion, annihilation, massacred nation

Keep on running, karma’s coming!

Money talks, truth walks, oil spills, greed kills

Tide is turning, London’s burning!

Bombs will fall and blood will flow, as sure as my own name I know

Until corrupt dictators go, brutal, rotten, to the core

Their day has come, they rule no more

Show me the man who will not fight, to save his child, his home, his right!

You can call him what you like, you’re not in his sorry plight

Cowards stay and Martyrs go, I know not where, but this I know

Speak your truth and stand your ground, fight your corner

When all around, point the finger, purse the lips, pin the label, ‘Terrorist’!

Just a word, but one that sticks, even when the cap don’t fit

But for the grace of God go I, remember that, before you cry

False accusation, names of shame, at those who may not be to blame,

Their crime, refused to play the game, of meek acceptance, dumbing down,

Your life, your choice; Warrior / Clown

 

By Mhara Costello

22nd August 2011

Government Twists Science of 9/11 – Just As With Iraq, the Gulf Oil Spill and Fukushima – to Promote Its Policy Objectives

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From Washington’s blog:

Anyone who paid any attention to the claims of Iraqi weapons of mass destruction, the Gulf oil spill or the Fukushima nuclear accident knows that the government often twists science to promote certain policy objectives, such as drumming up support for the invasion of Iraq or becoming a booster for nuclear power and big oil (and thus downplaying the damage from nuclear accidents and oil spills).

President’s National Medal of Science winner Lynn Margulis notes that the scientific method is to follow the facts where they lead, to adopt the theory which has the most proof, and to discard theories which are contradicted by the facts.

Margulis says that – in the case of 9/11 – the government has adopted theories which are backed by very little evidence, and refused to look at the most likely theory – the one backed by overwhelming evidence.

New Theory on Towers’ Collapse

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A sign of the times: Armed police chase Raglan sheep rustlers

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I don’t like this as I live close to the affected areas but Swat teams in response to rustling? it seems to me a sign of the times.

Sheep carcasses were found in an abandoned vehicle after police responded to rifle shots at a Raglan farm last night.

Gun shots on a farm near Te Uku last night sparked a police chase that ended with a Christian camp being locked down and a pair of suspected rustlers on the loose.

Waikato Armed Offenders Squad members, the Auckland-based eagle eye helicopter, police dogs and more than 10 police cars descended on the Christian Youth Camps Inc site in Waingaro Rd, Ngaruawahia, after livestock thieves fled through the property about 5.10pm.

Sergeant Neil Moncher said an abandoned Nissan Safari was found inside the camp with two sheep carcasses onboard.

A weapon – believed to be a rifle of some type – was also discovered a short distance into the bush.

Mr Moncher said a Raglan farmer heard two gun shots on his property about 4.50pm and raised the alarm after seeing a suspicious vehicle leaving the scene.

Police answering his call passed the suspects’ vehicle on the way out.

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We are in a world of hurt ruled by Goldman Sachs!

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While our psycho PM happily talks to us about growth, which he damn well knows is a great big lie, here is what is happening in the real world told to us by a trader who loves recessions because it don’t mean shit to him as it is just another opportunity to make money (read post below about psycho traders for explanation)!!!!