Keyword: meltdown
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"Let it crash!" "Give them what they want and they'll see what happens!" "Surely, once the left's programs are implemented and the economy crashes, people will come to their senses." Since the election, many on the right have echoed this meme. They are convinced that widespread poverty and lack of opportunity will bring a resurgence of the America many of them knew growing up. Grandma and Grandpa's America. Perhaps these people forget that Roosevelt was re-elected three times during a depression that he helped prolong -- a depression that featured soup lines and starvation in a population that actually wanted...
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MELTDOWN COMING: Canada Is Bleeding Private Sector Jobs, And Its Housing Market Is Tanking Mike "Mish" Shedlock, Global Economic Trend AnalysisNov. 4, 2012, 5:19 PMThe Financial Post has an interesting story on the state of the Canadian jobs market. It seem over 100% of job growth is from government jobs. Please consider Employment numbers hide the fact Canada is bleeding private sector jobs Canada may have added 1,800 jobs in October, but that number hides the fact that almost all the gains came from government and that the private sector lost more than 20,000 jobs. The 1,800 jobs added was...
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The Obama campaign is on the verge of free-fall. The latest Gallup poll shows Romney up 52%-45% over Obama, gaining another point following Obama’s improved debate performance. Immediately following this week’s debate, LIVE pollster Frank Luntz interviewed a group of “undecided” voters, most of whom voted for Obama in 2008. Almost all of them switched to Romney after watching Obama’s more aggressive, but still defenseless performance.Meanwhile, the Internet was raging with threats to assassinate Mitt Romney, all posted by Barack Obama supporters. The Obama campaign was heading into total meltdown. The Secret Service is aware and following the leads on...
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The 2012 presidential election is one of the most momentous crossroads in U.S. history. As Wisconsin Rep. Paul Ryan, the GOP’s vice-presidential nominee, stated in his Thursday debate against Vice President Joe Biden, the outcome on Election Day will determine “what kind of country we are going to give our kids.” Under Obama-administration policies, out-of-control government spending has grown to such an extent that federal debt is now larger than the gross domestic product of the United States, the largest economy in the world. U.S. power and prestige in the world are in such dramatic decline that armed Islamists can...
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While careful not to get drawn into the conspiracy-theory wonk camp, CNBC's Rick Santelli just connects the dots on last week's miraculous unemployment rate. In one of the most voluminous rants we can remember, Santelli - from a position of realist (and market whisperer) - argued with Liesman - from a position of 'but, but, the data must be true' - and summed it all perfectly "if I told you that you'd win the lottery tomorrow, and you did; wouldn't you wonder how did I know that?" With Langone also chipping in that he does not see anything in his...
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VIDEO HERE “What is riskier than living poor in America? Seriously! What in the world is riskier than being a poor person in America? I live in a neighborhood where people are shot on my street corner. I live in a neighborhood where people have to figure out how to get their kid into school because maybe it will be a good school and maybe it won’t. I am sick of the idea that being wealthy is risky. No. There is a huge safety net that whenever you fail will catch you and catch you and catch you. Being...
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In this video I give you a rundown of a portfolio that I think will hold up in any adverse market collapse. The premise boils down to 3 major equity/asset categories: 1)Energy %25 2)Precious Metals %25 3)Defensive (ie Walmart, JNJ, McD,etc) %50 This is a simple, straight-forward approach to protect your capital and wealth in this tulmultuous time. Part 1: Just a recap, here are the companies I give a green thumb to: Energy: 25% of Portfolio 1) Royal Dutch Shell (RDS.A) 5.5% yield 2) Calumet (CLMT) 10% yield 3) Uranium Participation Corp (URPTF) 0% yield or Cameco Corp (CCJ)...
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Unit 2 we now know completely liquified. We’ve never seen this before in the history of nuclear power. A 100% liquification of a uranium core.
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BANGKOK (AP) - Asian stocks are sliding after elections in Greece and France heightened uncertainty about Europe's ability to solve its debt crisis. Japan's Nikkei 225 index has plunged 2.5 percent Monday to 9,142.47. Hong Kong's Hang Seng tumbled 2.5 percent to 20,564.87. South Korea's Kospi shed 1.7 percent.
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We noted days after the Japanese earthquake that the biggest threat was from the spent fuel rods in the fuel pool at Fukushima unit number 4, and not from the reactors themselves...
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DAVID KOTOK: 'PORTUGAL IS UNRAVELING' Rob Wile March 29, 2012, 2:41 PM If you want to know what's really going to set off the long-awaited Eurozone meltdown, look to the Lusophones. In his first note to investors back from his trip to Europe, Cumberland Advisors' David Kotok writes he's only grown more pessimistic on the situation, citing runs on Portuguese banks. "In my view, the situation in Portugal is unraveling. This may be the second shoe to drop in the European sovereign debt saga. Now that Greece has paved the way, the speed of unwind with Portugal may be much...
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<p>TOKYO (AP) A new probe at Japan's crippled nuclear power plant has found fatal radiation levels and hardly any cooling water inside one of the reactors, renewing concerns about the plant's stability.</p>
<p>The operator of the Fukushima Dai-ichi nuclear plant says an endoscopic examination Tuesday detected radiation levels up to 10 times the fatal dose inside the No. 2 reactor's contain chamber, suggesting challenges ahead in shutting down the facility.</p>
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Simi Valley California was the site of the worst nuclear disaster in U.S. history in 1959, and the amounts of radiation leaked to the environment and atmosphere were more than 240 times that of the accident at 3-Mile Island. The area is beautiful today, but what still remains from many decades ago?
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Geithner: Dodd-Frank critics are toying with another financial meltdownBy Peter Schroeder - 02/02/12 04:55 PM ET Treasury Secretary Timothy Geithner swung back at critics of the Dodd-Frank financial reform law Thursday, arguing that those detractors are pushing for a repeat of the financial crisis. Both in Congress and on the campaign trail, the Obama administration's reforms have come under fire. Lawmakers are pushing several bills that would repeal portions of the law, and every major Republican candidate has vowed to kill it as one of their first acts in office. But Geithner said such a rollback would merely make the...
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A remote-controlled endoscope with a thermometer showed the temperature inside the No. 2 reactor of the crippled Fukushima No. 1 nuclear power plant on Jan. 19 was about 45 degrees, Tokyo Electric Power Co. said. But the endoscope lens became covered in water droplets and the reception was sometimes fuzzy, so the operator of the plant could not determine the condition of the melted fuel or if the pipes were damaged. In addition, the endoscope, 8.5 millimeters in diameter, did not reach the surface of the water. TEPCO had predicted the water level would be 4.5 meters based on the...
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Media propagandists continue to advance the Democratic Party line. On December 21, Bloomberg News breathlessly reported, "The leading Republican candidates for president have embraced an explanation of the financial crisis that has been rejected by the chairman of the Federal Reserve, many economists and even three of the four Republicans on the government commission that investigated the meltdown." Reporter David J. Lynch further explained, "Both former House Speaker Newt Gingrich and former Massachusetts Governor Mitt Romney lay much of the blame on U.S. government housing policies, saying they led to the real estate crash that almost brought down the banking...
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Jim Puplava: Joining me as my special guest on the program today is Ann Barnhardt, formerly of Barnhardt Capital Management. And Ann, you were a commodity broker for eight years and then you formed your own independent brokerage for six years. A couple of weeks ago you made the painful decision to shut your doors because you felt your clients’ money and positions were no longer safe. What led you to draw those conclusions?Ann Barnhardt: Well, obviously, it was the MF global collapse and more specifically the fall out after the MF Global collapse and the reaction by the CFTC, the SEC...
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The shocking collapse of MF Global with the amount of missing client funds now rising to $1.2 billion, is so devastating, we are at the precipice of complete financial disaster. The United States boasts far too much of its greatness and “liberty and justice for all” but its actions reveal nothing but greed, distain, and contempt of the rights of man that include his right to property. Jon Corzine was a bond trader at Goldman Sachs and has been known as an aggressive trader all along. He intervened at the SEC and changed the direction of MF Global. What is...
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A tweet by a Lower House Councilman Hiroshi Kawauchi (DPJ) says the Nuclear and Industrial Safety Agency now admits in its report that the Reactor Pressure Vessel may have been broken by the EARTHQUAKE, not tsunami. No info about which reactor. Independent journalist Ryuichi Kino says whatever this document is, it is not yet uploaded to the NISA's site. I've checked the METI (Ministry of Economy, Trade and Industry) press release page, and there is none so far. Councilman Kawauchi's tweet from December 9, 2011: 原å力安全ä¿å®‰é™¢è³‡æ–™ã€‚原å炉内部ã®åœ°éœ‡ã«ã‚ˆã‚‹å¾®å°ãªæå‚·ã¯å¦å®šã§ããšã€ã¨è¨˜è¼‰ã€‚1時間ã§7トンもã®å†·å´æãŒå¤±ã‚れるæ傷を「微å°ã€ã¨è¡¨ç¾ã™ã‚‹æ„Ÿè¦šã¯ã€é©šãã°ã‹ã‚Šã ãŒã€ã¨ã«ã‹ã原å炉内部ã®æå‚·ã®å¯èƒ½æ€§ã‚’èªã‚ãŸã“ã¨ã¯äº‹å®Ÿã€‚ Document from the Nuclear and Industrial Safety Agency. It reads "a minute damage inside...
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TEPCO: Melted fuel eroded containment vessel floor at Fukushima reactor December 01, 2011 Most of the fuel rods that melted in the pressure vessel of the No. 1 reactor of the stricken Fukushima nuclear power plant ate into the containment vessel, according to Tokyo Electric Power Co. It said on Nov. 30 the melted fuel did not breach the containment vessel but partially eroded its concrete floor. As for the No. 2 and No. 3 reactors, most of the melted fuel stayed within the pressure vessel, TEPCO added. Water levels have submerged the fuel rods at all three reactors, which...
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