- Weather modification technology and tectonic weapons have been around for the past few decades. It is a known fact that America, Russia and possibly a few other countries possess them. This technology is based on scalar longitudinal waves pioneered by Nikola Tesla. The western Anglo-American Illuminist cabal is stepping up their attacks against humanity. They are the real terrorists!
Japan’s Nuclear Disaster: A Natural Occurrence or Unconventional Warfare?
by Servando Gonzalez, www.theIntelHub.com
… In his 1970 book Between Two Ages: America’s Role in the Technetronic Era, senior Council on Foreign Relations agent, Zbigniew Brzezinski forecasted that in the near future the governments of some technologically advanced countries might resort to climate warfare. This will include the artificial alteration of the climate to create droughts, intense cold or heat waves, floods, powerful storms, earthquakes and tsunamis to attack other countries. And the beauty of it, shamelessly expressed Brzezinski, is that the enemy would not know that he was under attack. According to Brzezinski,
Technology will make available, to the leaders of major nations, techniques for conducting secret warfare, of which only a bare minimum of the security forces need be appraised. . . . Technology of weather modification could be employed to produce prolonged periods of drought or storm. 
When Brzezinski made his forecast, he was not theorizing. He was actually referring to an already existing technology the U.S. had secretly developed. In August 1996, the U.S. Air Force published a secret report entitled “Weather as a Force Multiplier: Owning the Weather in 2055,” in which the possibilities of climate warfare are studied in detail.  Another indication that climate modification for military purposes is a reality is that on March 3, 2005, Texas senator Kay Bailey Hutchinson introduced a bill with a highly revealing title: The Weather Modification and Research Technology Transfer Authorization Act of 2005.
As early as the 1960s the Soviet Union developed an efficient climate modification technology for military purposes. In a speech delivered on January 1960 to the Presidium of the Communist Party of the Soviet Union, Premier Nikita Khrushchev said, “Our scientists have created a new weapon so powerful that it could erase all life in this planet. It is a fantastic weapon.” Tom Bearden, a scientist who have studied the subject, has published several interesting articles devoted to the use of climate manipulation used by the Soviet military in asymmetrical warfare. 
But the Soviets are not alone. On April 28 1997, U.S. Secretary of Defense William Cohen confirmed the fact when he declared that some states have create eco-terrorism weapons that “can alter the climate, set off earthquakes, volcanoes remotely through the use of electromagnetic weaves.
This technology, known as “scalar technology,” is based on the discoveries made at the beginning of the 20th century by Nikola Tesla, and kept secret until a few years ago. The mysterious HAARP facility in Alaska, based on Tesla’s scalar technology, has been active for many years, and some scientists have speculate that it may have been related to some strange weather and phenomena —like the series of huge hurricanes that affected the U.S. in 2005, the year hurricane Katrina devastated New Orleans.
Now, to fully understand the complexity of the problem America is currently facing we need to understand the fact that America has become an oligarchy under the control of oil magnates and Wall Street bankers. Moreover, the oil business is in the hands of an international cartel, that is, a huge monopoly that controls to a great extent the price of oil. And they discovered many years ago that when you have a monopolistic control of a market, the less you produce the more profit you make, because you reduce production costs and raise the price of your product.
Moreover, once you control the market of a basic commodity like oil, the main energetic source that allowed for the industrial revolution, you have to be alert not to allow other competing energy sources to prosper. This explains the conspirators’ fight against nuclear energy and other energy sources they can’t control. But they cannot fight openly against these potentially competing sources, like nuclear energy, and the Left has played a key role as the conspirators’ patsy.
But, as William Engdahl, Lindsey Williams and other authors have documented,  the main problem of the big oil corporations is not finding sources of oil, but hiding or destroying them in order to keep the price of oil artificially high. Proof of it is that after the alleged “war-for-oil” in Iraq we have less oil than never before and the price of oil has skyrocketed. Let’s see what happens if the conspirators push their puppet Obama into a full war with Libya, a key oil producer and provider to Western Europe.
But, if sometime it may have been correct, the Left’s paradigm of war-for-oil and capitalist greed has become outdated. Since the end of WWII, the conspirators’ goals have changed dramatically. Currently their two main goals are the elimination of 85 percent of the world’s population and the reduction of the survivors to pre-industrial levels of consumption. Once we realize what the two main goals of the conspirators really are, it becomes evident that all the big themes overtly and covertly promoted by the conspirators since the 1960s conduce to reaching two goals: population elimination and consumption reduction.
Evidently, Japan’s disaster fits perfectly into the conspirators’ plan. Perhaps too perfectly.
- Truth is stranger than fiction. I no longer use the term: ‘Act of God’ for alot of earthquakes and natural disasters. Closer examination of many typhoons show that they are very likely man-made. The typhoon Nargis(2008) which struck Myanmar and Katrina which struck the Gulf coast USA are IMO man-made. Was Japan hit by a tectonic weapon on 3/11/11? Very likely!
HAARP Magnetometer data shows Japan earthquake was induced.
by PC, www.presscore.ca
The United States Air Force and Navy has provided a visual insight into what caused the 9.0 magnitude off of Japan on March 11, 2011 at 05:46:23 UTC. The image above was downloaded from the High Frequency Active Auroral Research Program (HAARP) website. It is a time-frequency spectrogram, which shows the frequency content of signals recorded by the HAARP Induction Magnetometer. This instrument, provided by the University of Tokyo, measures temporal variations in the geomagnetic field (Earth’s magnetosphere) in the ULF (ultra-low frequency) range of 0-5 Hz. Notions have been added to the image to show you what was happening the day the Japan earthquake and tsunami struck.
By looking at the accompanying HAARP spectrum chart above you can see when the 9.0 magnitude earthquake struck – red line drawn vertically – and what was happening before and after the earthquake. What you can also see is a constant ULF frequency of 2.5 Hz being recorded by the magnetometer. The ULF 2.5 Hz frequency is evidence of an induced earthquake. The chart recorded this constant before, during and after the 9.0 magnitude earthquake struck. On March 11, 2011 the 2.5 Hz ULF frequency was being emitted and recorded from 0:00 hours to about 10:00 hours – or for 10 hours. We know for a fact that the Japan earthquake lasted only a few minutes so why was the earthquake signature frequency (2.5 Hz) being recorded for 10 hours on the morning of March 11, 2011? Because a HAARP phased array antenna system was broadcasting (transmitting) the 2.5Hz ULF frequency and it triggered the Japan earthquake and ensuing tsunami.
If you go to HAARP’s official website you can see for yourself that the 2.5 Hz ULF frequency wasn’t only being broadcated for 10 hours, it was constantly being broadcasted for 2 days prior to the earthquake. Broadcasting began on March 8, 2011, just before midnight as you can see on HAARP’s website page – http://maestro.haarp.alaska.edu/cgi-bin/scmag/disp-scmag.cgi?20110308. Click on the Next Day link to see that the earthquake inducing 2.5 Hz ULF frequency was being broadcasted for the entire days of March 9, 2011 and March 10, 2011. Even though the signature frequency of an earthquake was shown throughout March 9 and March 10 there were no constant earthquakes occurring off the east coast of Japan.
What is the significance of a 2.5 Hz ULF broadcast? The natural resonance of an earthquake is 2.5 Hz. Scientists working for the United States military discovered this using the phased array antennas at the HAARP facility in Alaska. HAARP’s own charts suggests that earthquakes occurred constantly for 3 days. We know for a fact that they haven’t.
The HAARP magnetometer data provides proof that the Japan earthquake was not a naturally occurring quake – it was triggered. This data shows us that a HAARP military installation was broadcasting the known earthquake signature frequency in order to trigger a major earthquake. The broadcast was most likely being transmitted from a floating HAARP system like the floating Sea-Based X-Band Radar platform that can be moved anywhere in the Pacific or Atlantic ocean under the protection of a carrier strike group – like the USS Ronald Regan. Where was the USS Ronald Reagan on the morning of March 11, 2011? According to a Stars & Stripes March 9, 2011 report – Reagan carrier group steams toward South Korea to join exercise
Evidence or Conspiracy theory?
Is this evidence or just a bunch of nonsense attached to a baseless conspiracy theory and recklessly made public by a crackpot? The above image is of the HAARP Sea-Based X-Band Radar (SBX) platform which does exist – not a conspiracy theory. The preceding link is to the United States Navy website. What is sitting on top of the deck of the SBX is a phased array antenna – a key component of the Missile Defense Agency (MDA) GMD system – clearly not a conspiracy theory.
The military vessel includes power plant, a bridge, control rooms, living quarters, storage areas and the infrastructure necessary to support the massive X-band radar. The SBX radar is the most sophisticated phased array, electro-mechanically steered X-band radar in the world – according to Boeing claims. The phased array antenna consists of thousands of antennas driven by transmit/receive modules. The radar is designed and built by Raytheon Integrated Defense Systems for Boeing, the prime contractor on the project for the United States Missile Defense Agency (MDA). Boeing, Raytheon and MDA exists – also not a conspiracy theory.
HAARP does exists. The HAARP program is no secret. Their own website states that: The HAARP program is committed to developing a world class ionospheric research facility consisting of: The Ionospheric Research Instrument (IRI), a high power transmitter facility operating in the High Frequency (HF) range. The IRI will be used to temporarily excite a limited area of the ionosphere for scientific study. Even World renowned Stanford University knows about and publishes reports on the activities at the HAARP installations – Experiments with the HAARP Ionospheric Heater – http://vlf.stanford.edu/research/experiments-haarp-ionospheric-heater. According to Stanford -
The High Frequency Active Auroral Research Program (HAARP) facility is located in Gakona, Alaska at 62.39º N, 145.15º W, near mile 11 of the Tok Cutoff Highway. The facility houses many diagnostic instruments for studying the ionosphere, but the highlight is the HF transmitter array. This array consists of 15×12 crossed dipole antennas, which together can transmit a total of 3600kW of RF power at frequencies from 2.8 – 10 MHz (HF, high frequency range). This power is partially absorbed by the ionosphere, and though only a tiny fraction of the power it naturally receives from the sun, can still produce subtle changes that can be detected with sensitive instruments.
The VLF group focuses on using HAARP to generate ELF and VLF waves through a process called modulated heating. Such experiments have been conducted since 1999.
- See also:
European Parliament Issues Warnings on HAARP!
Scientist Leuren Moret: Japan Earthquake, Nuke “Accident” Are Tectonic (HAARP) Nuclear Warfare! Illuminati Card Game, ‘Combined Disaster’ Card Shows It Was A Planned Disaster!
Was The Earthquake And Tsunami in Japan Caused By HAARP?
HAARP Tectonic Weapon Caused ChristChurch, New Zealand Earthquake?
Colin Andrews: Seen on Radar By Thousands Over Australia! HAARP Radar Signatures?!
Have Scientists Discovered How to Create Downpours in The Desert?
Andrew Johnson: Chemtrails, Weather Modification & Climate Change!
Weather Wars and the Devil’s HAARP!
Project BlueBeam Grand Deception, HAARP And Anomalous Earthquakes of Past Few Years!
Climate Weapons: More Than Just a Conspiracy Theory?!
HAARP Cloud Signatures!
Jim Marrs: New World Order, ‘Nazification’ of America, Man Made Diseases, HAARP, Chemtrails, Alien Agenda and More…..
David Icke: Assassination of Polish Elite, HAARP and Haiti Earthquake!
Brooks Agnew: HAARP, Earthquakes in SzeChuan China and Haiti!
Cloud ?? HAARP ?? or UFO Sighting Caught On Tape Chile 2/26/2010 !
Chile Quake Eyewitness “I saw the Sky Changing Colors!” . HAARP At Work??
Holes In Heaven: HAARP and Advances in Tesla Technology ! Mind Control, Weather Modification and Warfare!
HR 2995 Weather Modification Research ….. Act of 2005! United Nations 1976 Convention on the Prohibition of Military or Any Hostile Use of Environmental Modification Techniques !
HAARP Has Deleted Its Records From 2010-1-11.
Russian Navy: The U.S. Created The Earthquake In Haiti!
Flashback 2003: HAARP Poses Global Threat !
A Few Weather Modification Radar Signatures!
Lt. Col. Tom Bearden: Weather Modification & Energy Weapons ! The Science Behind It!
Weather Modification Radar Signatures
FlashBack: Professor Chossudovsky on Weather Warfare!
Haiti Killer Quake Caused By Scalar Weapon !
Chavez: US Weapon Test Caused Haiti Earthquake !
HAARP: The Earthquake Weapon? Weather Modification Using HAARP.
The Militarization of Emergency Aid to Haiti: Is it a Humanitarian Operation or an Invasion?
Nick Begich: Mind Control – The Rise of Invasive and Oppressive Technology!
Jesse Ventura: HAARP – Weather Modification, Military Defence and Mind Control!
Military Use of Mind Control Weapons
Nick Begich: HAARP, Weather Control and Mind Control
Mind Control: The Ultimate Brave New World by Dr. Nick Begich
Weather Warfare Weapons – Part 1
Weather Warfare Weapons – Part 2
- HAARP is a weather modification, tectonic/seismic weapon, mind control/influencing (via ELF) weapon and ‘Star Wars’ anti-missile system. Bear in mind that it is not just the Americans who have this. Russia, China and possibly a few other countries have this capability. The Russians are reportedly the pioneer/expert in this technology. HAARP technology is based on the work of Nikola Tesla, the genius who gave us AC electricity. See also:
Scientist Leuren Moret: Japan Earthquake, Nuke “Accident” Are Tectonic (HAARP) Nuclear Warfare! Illuminati Card Game, ‘Combined Disaster’ Card Shows It Was A Planned Disaster!
Was The Earthquake And Tsunami in Japan Caused By HAARP?
European Parliament issues warnings on HAARP
“HAARP is a project of which the public is almost completely unaware, and this needs to be remedied.”
Toronto, Canada – [ZNN] The daily lives of people seem blissfully unaffected by events about which they know little or nothing. Daily news reports unfold with no mention as to why and how the powerful operate behind the scenes. We pay our mortgages, book our vacations and school our children, as a corporate and government elite engage in projects beyond our wildest imaginations.
Conditioned to accept that ‘all is well’ or, that we are powerless to affect change in a world dis-integrating before our eyes – we conduct our lives until one day it affects us directly – unfortunately by then it’s far too late.
Ask the people of northern Japan how they feel about the last three sentences and the answers they now seek in the aftermath of unimaginable loss and yet another future generation desecrated and ravaged by nuclear radiation.
A European Parliament document may provide a few answers for the inquiring mind. This parliamentary document is not some conspiratorial rant but an official governmental perspective describing authentic concern that a terribly grave technology, which the document calls a weapon, has been unleashed over many years without any public knowledge.
The technology is called HAARP and the European Parliament has put NATO, the US Air Force and Navy on notice, demanding an explanation about their involvement. One of the most damning statements in the document reveals an American refusal to account for itself regarding HAARP research:
“[The European Parliament]… regrets the repeated refusal of the United States Administration to send anyone in person to give evidence to the public hearing or any subsequent meeting held by its competent committee into the environmental and public risks connected with the high Frequency Active Auroral Research Project (HAARP) programme currently being funded in Alaska.”
Caveat – For those among you who feel all is ‘right and true’ with the world and everything you need to know about is in newspapers, or, that those in power have our best interests at heart – you’ve probably read enough by now. There is almost certainly a soap opera or celebrity awards program on TV that you are missing. Or, perhaps you simply do not want to be confused by the facts… You are excused.
However, for those among you who have an inquiring mind or the patience and concern to read about such furtive things as the demise of civilization and geo-political ethics, the document below is very instructive if not despotically frightening.
The document outlines why the strange frequency of bizarre global weather and geo-tectonic disasters appear to be on the rise and why NATO, the US Air Force and US Navy have been held accountable for their knowledge and shrouded use of HAARP technology.
High Frequency Active Auroral Research (HAARP) has been deliberated upon by world governments – but none of them – including the Canadian government have commented on what it is, what it does or how it affects life on the planet.
HAARP may well be the most silent and deadly weapon of all time – primarily because it is invisible to the naked eye and thus, its existence can be denied by government and readily dismissed by media. Those in the forefront of probing and exposing this kind of government behaviour have issued warnings about HAARP for many years. Few pay any heed. The question remains – will anyone listen now?
The European Parliament document
“The European Parliament:
- having regard to the hearing on HAARP and Non-lethal Weapons held by the Foreign Affairs Subcommitee on Security and Disarmament in Brussels on 5 February 1998,”
“T. whereas, despite the existing conventions, military research is ongoing on environmental manipulation as a weapon, as demonstrated for example by the Alaska-based HAARP system,”
“Legal aspects of military activities -
26. Calls on the European Union to seek to have the new ‘non-lethal’ weapons technology and the development of new arms strategies also covered and regulated by international conventions;
27. Considers HAARP (High Frequency Active Auroral Research Project) by virtue of its far-reaching impact on the environment to be a global concern and calls for its legal, ecological and ethical implications to be examined by an international independent body before any further research and testing; regrets the repeated refusal of the United States Administration to send anyone in person to give evidence to the public hearing or any subsequent meeting held by its competent committee into the environmental and public risks connected with the high Frequency Active Auroral Research Project (HAARP) programme currently being
funded in Alaska;
28. Requests the Scientific and Technological Options Assessment (STOA) Panel to agree to examine the scientific and technical evidence provided in all existing research findings on HAARP to assess the exact nature and degree of risk that HAARP poses both to the local and global environment and to public health generally;
29. Calls on the Commission, in collaboration with the governments of Sweden, Finland, Norway and the Russian Federation, to examine the environmental and public health implications of the HAARP programme for Arctic Europe and to report back to Parliament with its findings;”
“HAARP – a weapons system which disrupts the climate
On 5 February 1998 Parliament’s Subcommittee on Security and Disarmament held a hearing the subject of which included HAARP. NATO and the US had been invited to send representatives, but chose not to do so. The Committee regrets the failure of the USA to send a representative to answer questions, or to use the opportunity to comment on the material submitted.(21)
HAARP (High Frequency Active Auroral Research Project) is run jointly by the US Air Force and Navy, in conjunction with the Geophysical Institute of the University of Alaska, Fairbanks. Similar experiments are also being conducted in Norway, probably in the Antarctic, as well as in the former Soviet Union.(22) HAARP is a research project using a ground based apparatus, an array of antennae each powered by its own transmitter, to heat up portions of ionosphere with powerful radio beams.(23) The energy generated heats up parts of the ionosphere; this results in holes in the ionosphere and produces artificial ‘lenses’.
HAARP can be used for many purposes. Enormous quantities of energy can be controlled by manipulating the electrical characteristics of the atmosphere. If used as a military weapon this can have a devastating impact on an enemy. HAARP can deliver millions of times more energy to a given area than any other conventional transmitter. The energy can also be aimed at a moving target which should constitute a potential anti-missile system.
The project would also allow better communications with submarines and manipulation of global weather patterns, but it is also possible to do the reverse, to disrupt communications. By manipulating the ionosphere one could block global communications while transmitting one’s own. Another application is earth-penetrating, tomography, x-raying the earth several kilometres deep, to detect oil and gas fields, or underground military facilities. Over-the-horizon radar is another application, looking round the curvature of the earth for in-coming objects.
From the 1950s the USA conducted explosions of nuclear material in the Van Allen Belts(24) to investigate the effect of the electro-magnetic pulse generated by nuclear weapon explosions at these heights on radio communications and the operation of radar. This created new magnetic radiation belts which covered nearly the whole earth. The electrons travelled along magnetic lines of force and created an artificial Aurora Borealis above the North Pole. These military tests are liable to disrupt the Van Allen belt for a long period. The earth’s magnetic field could be disrupted over large areas, which would obstruct radio communications. According to US scientists it could take hundreds of years for the Van Allen belt to return to normal. HAARP could result in changes in weather patterns. It could also influence whole ecosystems, especially in the sensitive Antarctic regions.
Another damaging consequence of HAARP is the occurrence of holes in the ionosphere caused by the powerful radio beams. The ionosphere protects us from incoming cosmic radiation. The hope is that the holes will fill again, but our experience of change in the ozone layer points in the other direction. This means substantial holes in the ionosphere that protects us.
With its far-reaching impact on the environment HAARP is a matter of global concern and we have to ask whether its advantages really outweigh the risks. The environmental impact and the ethical aspect must be closely examined before any further research and testing takes place. HAARP is a project of which the public is almost completely unaware, and this needs to be remedied.
HAARP has links with 50 years of intensive space research for military purposes, including the Star Wars project, to control the upper atmosphere and communications. This kind of research has to be regarded as a serious threat to the environment, with an incalculable impact on human life. Even now nobody knows what impact HAARP may have. We have to beat down the wall of secrecy around military research, and set up the right to openness and democratic scrutiny of military research projects, and parliamentary control.
A series of international treaties and conventions (the Convention on the prohibition of military or any other hostile use of environmental modification techniques, the Antarctic Treaty, the Treaty on principles governing the activities of states in the exploration and use of outer space including the moon and other celestial bodies, and the UN Convention on the Law of the Sea) casts considerable doubt on HAARP on legal as well as humanitarian and political grounds. The Antarctic Treaty lays down that the Antarctic may be used exclusively for peaceful purposes.(25) This would mean that HAARP is a breach of international law. All the implications of the new weapons systems should be examined by independent international bodies. Further international agreements should be sought to protect the environment from unnecessary destruction in war.”
[This document was written 13 years ago.]
Although there seems to be no official or current governmental and scientific confirmation of the effects of HAARP technologies in your local newspaper or on the 11:00 o’clock news – the people of Japan might want an update.
Entire Text of European Document -http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//TEXT+REPORT+A4-1999-0005+0+DOC+XML+V0//EN
- “Induced Seismicity” Workshop
Induced seismicity deals with man-made ground shaking due to direct human intervention inside the Earth such as deep mining, water reservoirs etc. Earthquakes induced by geothermal exploration activities, sometimes called deep heat mining….
What will the response of the FedRes and the BOJ to all the building turmoil in the stock market and currency market? It is 100% QE to infinity! The Yen is rocketing higher against the USD and almost all currencies. This is terrible for the Japanese economy. The BOJ will have to ease and will likely intervene in the forex market to bring USD-JPY above the 80 mark. The debt to GDP ration for Japan is already above 200%. With rebuilding costs anywhere between US$35B – US$100B, debts are going to get higher. The currency earthquakes will get larger as the world is on an unsustainable path and close to the edge of the cliff!
Dr. Doom: If Market Keeps Falling, Fed Will Keep Printing!
CNBC: Falling stock prices will be met only with more money injections from the Federal Reserve, Marc Faber, the so-called “Dr. Doom,” told CNBC. Speaking as global markets fell violently lower in the wake of the Japan earthquake and fears of a nuclear meltdown, Faber said a stock correction actually is healthy in view of how far equities have come from the March 2009 lows.
He also expects weakness to persist and the Standard & Poor’s 500 to drop as much as 15 percent. Further, Fed Chairman Ben Bernanke will likely give the green light to another round of Treasurys purchases, which have come to be known as quantitative easing, he said.
“We may drop 10 to 15 percent. Then QE 2 will come, (then) QE 4, QE 5, QE 6, QE 7—whatever you want. The money printer will continue to print, that I’m sure,” said the author of the Gloom, Boom and Doom Report. Later in the interview, he added, “Actually I made a mistake. I meant to say QE 18.”
As for the situation with Japan specifically, he said the end result of rebuilding after the quake would be inflation and a positive for stocks, while Japanese Government Bonds, or JGBs as they are often called, would suffer. “This huge selloff is an investment opportunity in Japanese equities, but if a meltdown occurs then all bets are off,” he said.
The Nikkei Japanese stock market index has plunged more than 12 percent this week, its worst two-day drop in more than 20 years. US equities have shown far less reaction but were poised to drop more than 2 percent at the open Tuesday. Faber, though, said the central bank would spring into action should the selling get out of hand.
“I think Mr. Bernanke doesn’t know much about the global economy but he probably watches the S&P every day,” he said. “Until very recently the Feds have had very few critiques, very few people criticized the Fed’s policies under Mr. Greenspan and Mr. Bernanke,” Faber added. “Over the last few months, a lot of critical comments have come up about the Fed and its money-printing habit. The S&P drops 20 percent (and) all the critics will be silent and they will all applaud new money-printing.”
- Things look pretty bad for the Japanese people. The degree of problem they face just from the earthquake and tsunami is bad enough. Now a nuclear meltdown looms and there is no easy solution for them. Getting sea water to cool a nuclear core when radiation is high is almost an impossible task especially when the cooling system is busted! My prayers are with the Japanese people!
Third Reactor Explodes, Full Scale Nuclear Catastrophe Imminent
Kurt Nimmo, www.infowars.com
A third reactor has exploded at the number 2 reactor at the crippled Fukushima nuclear power plant. The blast follows an explosion Monday morning at the number 3 reactor and one on Saturday in the number 1 unit.
The Tokyo Electric Power Company had tried a last ditch effort to cool and reduce pressure in the over-heated reactors in units one and three by injecting seawater earlier today and over the weekend.
On Monday, Japan’s chief cabinet secretary Yukio Edano officially announced the cooling system on the third reactor had failed. The water level inside the reactor fell and exposed the fuel rods at its core for more than two hours despite efforts to pump seawater into the reactor, he said.
Government officials have finally admitted to the public that the fuel rods in all three separate reactors have started to melt despite repeated efforts to cool them with sea water. Safety officials are now saying they cannot rule out a full meltdown and the inevitability of a nuclear catastrophe of a magnitude never before experienced.
- My prayers are with the Japanese people. They will rebuild the country and become even stronger! That is the way Japanese are: stoic in the face of calamity, noses to the grindstone to solve the problem rationally, unemotionally and systematically.
- The Japanese central bank has announced Monday morning that they will be injecting something like US$175B in liquidity into the market to stabilize it. The Japanese will need to repatriate monies back to Japan for rebuilding of the country. Who is going to buy all the treasuries they sell? The FedRes! It is QE to infinity! Got gold/silver yet?
Japan brings money home to rebuild
(Reuters) – Shaken by the prospect of nuclear meltdown after a devastating earthquake and tsunami, Japanese investors will dump overseas assets on Monday and bring their money home to help finance reconstruction.
Positioning for this could send the dollar plummeting versus the yen on Monday and lead to a sharp slide in Treasuries since U.S. government bonds are a favorite asset of Japanese investors, market analysts said.
Stocks also are likely to come under pressure.
Japanese insurers will probably sell some of their most liquid foreign assets such as U.S. Treasuries so they can respond to the worst disaster since World War Two.
The crisis could lead to insured losses of nearly $35 billion, risk modeling company AIR Worldwide said, making it one of the most expensive disasters in history and nearly as much as the entire worldwide catastrophe loss for the global insurance industry.
Traders braced for just such an outcome on Friday, when the yen surged and Treasuries fell. The Bank of Japan probably will add money to the system to limit the liquidation of assets. But the big question remains of how much follow-through selling is yet to come.
Dan Fuss, the vice chairman of $150 billion Loomis Sayles, told Reuters on Sunday that his best guess is that Treasuries will continue to see losses. Because Japan is the second-biggest holder of U.S. government debt and they have nearly $900 billion in dollar reserves, Fuss said Japan will likely use reserves for rebuilding.
“A big buyer of bonds is taken out of the market,” Fuss said, adding that Japan “will be less able to add to their reserves and less able to buy Treasuries.”
Japan’s crisis may also provide a new reason to press on with the long-awaited retreat in stocks. A lot will depend on the price of oil, which fell on Friday on concern that the Japanese earthquake would hit global economic sentiment. It came off recent highs reached on the revolts in North Africa and the Middle East, but upheaval in the region over the weekend continued — notably with a protest in Saudi Arabia.
Investors will also engage in the grim exercise of determining which companies will benefit from helping the world’s third largest economy rebuild. “You could expect to see industrial infrastructure companies do better. As for the overall markets, I don’t see it having any long-term negative impact,” said Paul Hickey, co-founder of Bespoke Investment Group.
“I remember after the last big tsunami in Indonesia there was a widespread view that it would be devastating, but there were no big impacts. Granted this is a much more developed region and certain insurance companies will have bigger exposure than others but outside of that region business will continue to go on.”