Monday, February 27, 2017

Retail Apocalypse Gains Momentum As David Stockman Warns ‘Everything Will Grind To A Halt’ After March 15th

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J.C. Penney and Family Christian Stores are the latest retail giants to announce widespread store closings. As you will see below, J.C. Penney plans to close between 130 and 140 stores, and Family Christian is closing all of their 240 stores. In recent months the stock market has been absolutely soaring, and so most people have simply assumed that the “real economy” must be doing well. But that is not the case at all. In fact, the retail apocalypse that I have been documenting for quite some time appears to be gaining momentum.
J.C. Penney is not in as rough shape as Sears is just yet, but it is definitely on a similar trajectory. In the end, they are both headed for bankruptcy. That is why it wasn’t too much of a surprise when J.C. Penney announced that they are getting rid of about 6,000 workers and closing at least 130 stores
J.C. Penney (JCP) plans to close 130 to 140 stores and offer buyouts to 6,000 workers as the department-store industry sags in competition with online sellers and nimble niche retailers.
The company said Friday that it would shutter 13% to 14% of its locations and introduce new goods and services aimed at the shifting preferences of its customer base.
Meanwhile, many observers were quite surprised when Family Christian Stores decided to fold up shop for good. They were known as the largest Christian retailer on the entire planet, but now after 85 years they are going out of business forever
Family Christian, which bills itself as the “world’s largest retailer of Christian-themed merchandise,” announced Thursday it is closing after 85 years.
The non-profit company, employing more than 3,000 people in 240 stores in 36 states, said in a brief statement that the retailer had been facing declining sales since filing for bankruptcy protection in 2015 and had no choice but to shut down.
These two announcements are part of larger trend that we have been witnessing all over the country. As I have documented previously, Macy’s announced that it would be closing 100 stores earlier this year, and about the same time Sears said that it would be closing another 150 stores.
Back in 2010, Sears had a staggering 3,555 stores.
Before their recent announcement, Sears was down to 1,503 stores, and now this latest round of cuts will leave them with somewhere around 1,350.
Of course it won’t be too long before Sears has zero stores, and my regular readers know that I have been talking about the demise of Sears for a very long time.
The cold, hard truth of the matter is that the “real economy” is a total mess, and that is one of the primary reasons why these ridiculous stock market valuations that we are seeing right now are not sustainable.
One expert that agrees with my assessment is former Reagan Administration White House Budget Director David Stockman. In a recent interview, he explained why he believes that “everything will grind to a halt” after March 15th…
Stockman, who wrote a book titled “Trumped” predicting a Trump victory in 2016, says, “I don’t think there is a snowball’s chance in the hot place that’s going to happen. This is delusional. This is the greatest suckers’ rally of all time. It is based on pure hopium and not any analysis at all as what it will take to push through a big tax cut. Donald Trump is in a trap. Today the debt is $20 trillion. It’s 106% of GDP. . . .Trump is inheriting a built-in deficit of $10 trillion over the next decade under current policies that are built in. Yet, he wants more defense spending, not less. He wants drastic sweeping tax cuts for corporations and individuals. He wants to spend more money on border security and law enforcement. He’s going to do more for the veterans. He wants this big trillion dollar infrastructure program. You put all that together and it’s madness. It doesn’t even begin to add up, and it won’t happen when you are struggling with the $10 trillion of debt that’s coming down the pike and the $20 trillion that’s already on the books.”
Then, Stockman drops this bomb and says:
“I think what people are missing is this date, March 15th2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. We are burning cash at a $75 billion a month rate. By summer, they will be out of cash. Then we will be in the mother of all debt ceiling crises. Everything will grind to a halt. I think we will have a government shutdown. There will not be Obama Care repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”
In that same interview, Stockman also predicted that “markets will easily correct by 20% and probably a lot more“, and he noted the glaring disconnect between current stock prices and how the U.S. economy is actually performing
“The S&P 500 has been trading at 26 times earnings while earnings have been dropping for the past six or seven quarters. There is no booming recovery coming. There is going to be a recession and there will be no stimulus baton to bail it out. That is the new fact that neither Trump nor the Wall Street gamblers remotely understand.”
It is very difficult to argue with Stockman on this.
There are some people out there that seem to think that Donald Trump can miraculously turn the U.S. economy around just because he is Donald Trump.
It doesn’t work that way.
We are 20 trillion dollars in debt, and we are currently adding about a trillion dollars a year to that total. There is no possible way that Trump can cut taxes, increase military spending, build a border wall, spend much more on veterans and spend an extra trillion dollars on rebuilding our crumbling infrastructure.
We are flat broke as a nation and there simply is not money available to do everything that Donald Trump wants to do.
So we shall see what happens after March 15th.  Unfortunately, I happen to agree with Stockman that economic reality is about to come knocking and Trump and his supporters are about to get a very rude wake up call.

Virtually Everyone Agrees That Current Stock Market Valuations Are Not Sustainable And That A Great Crash Is Coming

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Current stock market valuations are not sustainable.  If there is one thing that I want you to remember from this article, it is that cold, hard fact.  In 1929, 2000 and 2008, stock prices soared to absolutely absurd levels just before horrible stock market crashes.  What goes up must eventually come down, and the stock market bubble of today will be no exception.  In fact, virtually everyone in the financial community acknowledges that stock prices are irrationally high right now.  Some are suggesting that there is still time to jump in and make money before the crash comes, while others are recommending a much more cautious approach.  But what almost everyone agrees on is the fact that stocks cannot go up like this forever.
On Tuesday, the Dow, the S&P 500 and the Nasdaq all set brand new record highs once again.  Overall, U.S. stocks are now up more than 10 percent since the election, and this is probably the greatest post-election stock market rally in our entire history.
But stocks were already tremendously overvalued before the election, and at this point stock prices have reached a level of ridiculousness only matched a couple of times before in the past 100 years.
Only the most extreme optimists will try to tell you that stock prices can stay this disconnected from economic reality indefinitely.  We are in the midst of one of the most outrageous stock market bubbles of all time, and as MarketWatch has noted, all stock market bubbles eventually burst…
The U.S. stock market at this level reflects a combination of great demand, great complacency, and great greed. Stocks are clearly in a bubble, and like all bubbles, this one is about to burst.
If corporations were making tremendous amounts of money, rapidly rising stock prices would make logical sense.
But that is not the case at all.  Corporate earnings for the fourth quarter of 2016 were actually quite dismal, and this disconnect between Wall Street and economic reality is starting to really bug financial analysts such as Brian Sozzi
The S&P 500 has gone 89 straight sessions without a 1% decline. Considering that Corporate America didn’t exactly light up on the top and bottom lines during the fourth quarter, such a streak is rather troublesome. Granted, the stock market is a forward-looking mechanism that appears to be trading on hopes that Trump’s unannounced stimulus and tax plans will be lifting economic growth in 2018. Even so, the inability of investors to at least acknowledge persistent struggles among companies and ongoing chaos in Washington is starting to become disturbing.
It is a basic fact of economics that stock prices should accurately reflect current and future earnings.
So if corporate earnings are at the same level they were at in 2011, why has the S&P 500 risen by 87 percent since then?  The following comes from Wolf Richter
The S&P 500 stock index edged up to an all-time high of 2,351 on Friday. Total market capitalization of the companies in the index exceeds $20 trillion. That’s 106% of US GDP, for just 500 companies! At the end of 2011, the S&P 500 index was at 1,257. Over the five-plus years since then, it has ballooned by 87%!
These are superlative numbers, and you’d expect superlative earnings performance from these companies. Turns out, reality is not that cooperative. Instead, net income of the S&P 500 companies is now back where it first had been at the end of 2011.
The cyclically adjusted price-to-earnings ratio was originally created by author Robert Shiller, and it is widely regarded as one of the best measures of the true value of stocks in existence.  According to the Guardian, there have only been two times in our entire history when this ratio has been higher.  One was just before the stock market crash of 1929, and the other was just before the bursting of the dotcom bubble…
Traditionally, one of the best yardsticks for whether shares are over-valued or under-valued has been the cyclically adjusted price earnings ratio constructed by the economist Robert Shiller. This ratio is currently at about 29 and has only twice been higher: in 1929 ahead of the Wall Street Crash, and in the last frantic months of the dotcom bubble of the late 1990s.
We can definitely wish for the current euphoria on Wall Street to last for as long as possible, but let there be absolutely no doubt that it is going to end at some point.
It would take a market decline of 40 or 50 percent to get the cyclically adjusted price-to-earnings ratio back to a level that makes economic sense.  Let us hope that the market does not make such a violent move very rapidly, because that would likely be absolutely crippling for our financial system.
Markets tend to go down a lot faster than they go up, and every other major stock market bubble in U.S. history has ended very badly.
And this bubble is definitely overdue to burst.  The bull market that led up to the great crash of 1929 lasted for 2002 days, and this week the current bull market will finally exceed that record.
Trying to pick a specific date for a market crash is typically a fruitless exercise, but market watchers are becoming very concerned about some of the signs that we are now seeing.  For example, the “CCT indicator” is currently showing “the lowest bullish energy ever”
The first factor is the CCT indicator. This indicator is a proprietary internal measurement of the general volume of the New York Stock Exchange. The measurements take into account the institutional participation as a ratio of the overall volume. Also measured is the duration of heavy block buying in rallies.
The sum total of all the measurements now shows the lowest bullish energy ever — even lower than in 2008, just before the market crash.
In other words, this current bull market appears to be completely and utterly exhausted.
The laws of economics cannot be defied forever.  Traditionally, commodity prices and stock prices have tended to move in unison.  And this makes perfect sense, because commodity prices tend to rise when economic conditions are good, and in such an environment stock prices are typically going to move up.
But now we are in a time when commodity prices and stock prices have become completely disconnected.  In order to bring this ratio back into line, the S&P 500 would need to fall by about 1000 points, and such a decline would cause a level of financial chaos that would be absolutely unprecedented.
This current stock market bubble has lasted much longer than many of the experts originally anticipated, but that just means that the eventual crash will likely be that much more devastating.
In the end, you don’t need to know all of the technical details in this article.
But what you do need to know is that current stock market valuations are not sustainable and that a great crash is coming.
It may not happen next week or next month, but it is going to happen.  And when it does happen, it is likely to make what happened in 2008 look like a Sunday picnic.

Coming Soon to a City Near You: The U.S. Military’s Plan to Take Over America

“Our current and past strategies can no longer hold. We are facing environments that the masters of war never foresaw. We are facing a threat that requires us to redefine doctrine and the force in radically new and different ways. The future army will confront a highly sophisticated urban-centric threat that will require that urban operations become the core requirement for the future land-force. The threat is clear. Our direction remains to be defined. The future is urban.”— “Megacities: Urban Future, the Emerging Complexity,” a Pentagon training video created by the Army for U.S. Special Operations Command

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The U.S. military plans to take over America by 2030.

No, this is not another conspiracy theory. Although it easily could be.

Nor is it a Hollywood political thriller in the vein of John Frankenheimer’s 1964 political thriller Seven Days in May about a military coup d’etat.

Although it certainly has all the makings of a good thriller.

No, this is the real deal, coming at us straight from the horse’s mouth.

According to “Megacities: Urban Future, the Emerging Complexity,” a Pentagon training video created by the Army for U.S. Special Operations Command, the U.S. military plans to use armed forces to solve future domestic political and social problems.

What they’re really talking about is martial law, packaged as a well-meaning and overriding concern for the nation’s security.

The chilling five-minute training video, obtained by The Intercept through a FOIA request and made available online, paints an ominous picture of the future—a future the military is preparing for—bedeviled by “criminal networks,” “substandard infrastructure,” “religious and ethnic tensions,” “impoverishment, slums,” “open landfills, over-burdened sewers,” a “growing mass of unemployed,” and an urban landscape in which the prosperous economic elite must be protected from the impoverishment of the have nots.

And then comes the kicker.

Three-and-a-half minutes into the Pentagon’s dystopian vision of “a world of Robert Kaplan-esque urban hellscapes — brutal and anarchic supercities filled with gangs of youth-gone-wild, a restive underclass, criminal syndicates, and bands of malicious hackers,” the ominous voice of the narrator speaks of a need to “drain the swamps.”

Drain the swamps.

Surely, we’ve heard that phrase before?

Ah yes.

Emblazoned on t-shirts and signs, shouted at rallies, and used as a rallying cry among Trump supporters, “drain the swamp” became one of Donald Trump’s most-used campaign slogans, along with “build the wall” and “lock her up.”

Funny how quickly the tides can shift and the tables can turn.

Whereas Trump promised to drain the politically corrupt swamps of Washington DC of lobbyists and special interest groups, the U.S. military is plotting to drain the swamps of futuristic urban American cities of “noncombatants and engage the remaining adversaries in high intensity conflict within.”

And who are these noncombatants, a military term that refers to civilians who are not engaged in fighting?

They are, according to the Pentagon, “adversaries.”

They are “threats.”

They are the “enemy.”

They are people who don’t support the government, people who live in fast-growing urban communities, people who may be less well-off economically than the government and corporate elite, people who engage in protests, people who are unemployed, people who engage in crime (in keeping with the government’s fast-growing, overly broad definition of what constitutes a crime).

In other words, in the eyes of the U.S. military, noncombatants are American citizens a.k.a. domestic extremists a.k.a. enemy combatants who must be identified, targeted, detained, contained and, if necessary, eliminated.

Welcome to Battlefield America.

In the future imagined by the Pentagon, any walls and prisons that are built will be used to protect the societal elite—the haves—from the have-nots.

We are the have-nots.

Suddenly it all begins to make sense.

The events of recent years: the invasive surveillance, the extremism reports, the civil unrest, the protests, the shootings, the bombings, the military exercises and active shooter drills, the color-coded alerts and threat assessments, the fusion centers, the transformation of local police into extensions of the military, the distribution of military equipment and weapons to local police forces, the government databases containing the names of dissidents and potential troublemakers.

This is how you prepare a populace to accept a police state willingly, even gratefully.

You don’t scare them by making dramatic changes. Rather, you acclimate them slowly to their prison walls. Persuade the citizenry that their prison walls are merely intended to keep them safe and danger out.

Desensitize them to violence, acclimate them to a military presence in their communities and persuade them that there is nothing they can do to alter the seemingly hopeless trajectory of the nation.

Before long, no one will even notice the floundering economy, the blowback arising from military occupations abroad, the police shootings, the nation’s deteriorating infrastructure and all of the other mounting concerns.

It’s happening already.

The sight of police clad in body armor and gas masks, wielding semiautomatic rifles and escorting an armored vehicle through a crowded street, a scene likened to “a military patrol through a hostile city,” no longer causes alarm among the general populace.

Few seem to care about the government’s endless wars abroad that leave communities shattered, families devastated and our national security at greater risk of blowback. Indeed, there were no protests in the streets after U.S. military forces raided a compound in Yemen, killing “at least eight women and seven children, ages 3 to 13.”

Their tactics are working.

We’ve allowed ourselves to be acclimated to the occasional lockdown of government buildings,Jade Helm military drills in small towns so that special operations forces can get “realistic military training” in “hostile” territory, and  Live Active Shooter Drill training exercises, carried out at schools, in shopping malls, and on public transit, which can and do fool law enforcement officials, students, teachers and bystanders into thinking it’s a real crisis.

Still, you can’t say we weren’t warned.

Back in 2008, an Army War College report revealed that “widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security.” The 44-page report went on to warn that potential causes for such civil unrest could include another terrorist attack, “unforeseen economic collapse, loss of functioning political and legal order, purposeful domestic resistance or insurgency, pervasive public health emergencies, and catastrophic natural and human disasters.”

In 2009, reports by the Department of Homeland Security surfaced that labelled right-wing and left-wing activists and military veterans as extremists (a.k.a. terrorists) and called on the government to subject such targeted individuals to full-fledged pre-crime surveillance. Almost a decade later, after spending billions to fight terrorism, the DHS concluded that the greater threat is not ISIS but domestic right-wing extremism.

Meanwhile, the government has been amassing an arsenal of military weapons for use domestically and equipping and training their “troops” for war. Even government agencies with largely administrative functions such as the Food and Drug Administration, Department of Veterans Affairs, and the Smithsonian have been acquiring body armor, riot helmets and shields, cannon launchers and police firearms and ammunition. In fact, there are now at least 120,000 armed federal agents carrying such weapons who possess the power to arrest.

Rounding out this profit-driven campaign to turn American citizens into enemy combatants (and America into a battlefield) is a technology sector that has been colluding with the government to create a Big Brother that is all-knowing, all-seeing and inescapable. It’s not just the drones, fusion centers, license plate readers, stingray devices and the NSA that you have to worry about. You’re also being tracked by the black boxes in your cars, your cell phone, smart devices in your home, grocery loyalty cards, social media accounts, credit cards, streaming services such as Netflix, Amazon, and e-book reader accounts.

All of this has taken place right under our noses, funded with our taxpayer dollars and carried out in broad daylight without so much as a general outcry from the citizenry.

It’s astounding how convenient we’ve made it for the government to lock down the nation.

So what exactly is the government preparing for?

Mind you, by “government,” I’m not referring to the highly partisan, two-party bureaucracy of the Republicans and Democrats.

I’m referring to “government” with a capital “G,” the entrenched Deep State that is unaffected by elections, unaltered by populist movements, and has set itself beyond the reach of the law.

I’m referring to the corporatized, militarized, entrenched bureaucracy that is fully operational and staffed by unelected officials who are, in essence, running the country and calling the shots in Washington DC, no matter who sits in the White House.

This is the hidden face of a government that has no respect for the freedom of its citizenry.

What is the government preparing for? You tell me.

Better yet, take a look at the Pentagon’s training video.

It’s only five minutes long, but it says a lot about the government’s mindset, the way its views the citizenry, and the so-called “problems” that the military must be prepared to address in the near future. Even more troubling, however, is what this military video doesn’t say about the Constitution, about the rights of the citizenry, and about the dangers of using the military to address political and social problems.

The future is here.

We’re already witnessing a breakdown of society on virtually every front.

By waging endless wars abroad, by bringing the instruments of war home, by transforming police into extensions of the military, by turning a free society into a suspect society, by treating American citizens like enemy combatants, by discouraging and criminalizing a free exchange of ideas, by making violence its calling card through SWAT team raids and militarized police, by fomenting division and strife among the citizenry, by acclimating the citizenry to the sights and sounds of war, and by generally making peaceful revolution all but impossible, the government has engineered an environment in which domestic violence has become almost inevitable.

Be warned: in the future envisioned by the military, we will not be viewed as Republicans or Democrats. Rather, “we the people” will be enemies of the state.

For years, the government has been warning against the dangers of domestic terrorism, erecting surveillance systems to monitor its own citizens, creating classification systems to label any viewpoints that challenge the status quo as extremist, and training law enforcement agencies to equate anyone possessing anti-government views as a domestic terrorist. What the government failed to explain was that the domestic terrorists would be of the government’s own making, whether intentional or not.

“We the people” have become enemy #1.

Federal reserve report reveals exploding levels of US household debt

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US household debt surged by $460 billion last year, the sharpest one-year rise in nearly a decade, according to a report released last week by the New York Federal Reserve.
Total US household debt now stands at $12.58 trillion, almost as much in nominal terms as right before the 2008 financial crisis, which was triggered by the failure of the mortgage-backed securities market. The Fed’s report anticipates that this level will be surpassed sometime this year.
Media reports have attempted to downplay the significance of the report by pointing to the fact that delinquencies and the share of personal disposable income swallowed up by debt servicing, as well as the level of household debt relative to GDP, remain well below their pre-recession levels. Fortune magazine, for example, pointed out that the household debt to GDP ratio is roughly 79 percent, the lowest level since 2002.
However, the growth of household debt, as well as the particular kinds of debt Americans are taking on, demonstrate the ongoing economic stagnation for tens of millions of workers and young people. It is highly symptomatic that debt levels skyrocketed last year while US GDP grew at the lowest rate in five years, only 1.6 percent. Growth since the official end of the recession in 2009 has been the lowest for any official economic recovery since the end of World War II.
For the vast majority of the population, the recovery has not brought a return to pre-recession economic conditions. This is because what economic growth has occurred since the recession has been predicated upon the intensified exploitation of the working class, manifested above all in a shift towards a low-wage, casual workforce.
Joblessness among the working-age population remains at high levels, masked by an official unemployment rate which does not count workers who have given up looking for jobs altogether. Those jobs which have been added since the recession are far more likely to be low-wage or part-time than the jobs wiped out by the recession.
Younger workers have been particularly hard hit: 18-34 year olds today make 20 percent less than in 1989, and 1 million young people faced long-term unemployment in the aftermath of the recession, according to a report last month by Young Invincibles.
The recent rise in debt has been driven primarily by student loans and auto loans, which together accounted for roughly $2.5 trillion in the fourth quarter of 2016. This is in sharp contrast to pre-recession debt levels, which were dominated by housing debt. New housing debt has plummeted from a decade ago by more than half, from $700 billion to $300 billion. While mortgages and home equity still make up an absolute majority of total household debt, the share has declined from 79 to 71 percent.
The rise in student loan debt is due, in the first place, to skyrocketing costs of attending American universities. Since the 2001-2002 school year, the average annual cost of attending a public four-year university rose from $12,250 to $20,090, with even higher increases for private universities, according to the College Board. Student loan debt exploded over the same period, increasing sixfold from $200 billion in 2003 to $1.3 trillion last year.
However, this has been compounded by the fact that, since the 2008 recession, millions of young people have chosen to defer entering the job market in favor of going to college due to poor employment opportunities. Upon graduating, however, they are saddled with debt which greatly diminishes the added value of their degrees.
At the same time, young people are taking on less of other kinds of debt, especially mortgages and other forms of housing debt, due to dire financial constraints. A Pew Research Center report last year found that 18-34 year olds were more likely to live with their parents than any other form of living arrangement for the first time since 1880. At the same time, median net wealth among college graduates with student debt has plummeted, from $86,500 in the 1980s to $6,600 in 2014.
While debt delinquency in general remains down from pre-recession highs, due in part to sharp decreases in subprime mortgage lending, delinquencies among auto loans, the other major source of new debt, surged to an eight-year high. Some $23.27 billion worth of car loans were delinquent for a month or more during the fourth quarter of 2016.
These figures come amid mounting signs of a potential slowdown in the global auto industry. GM, the largest American automaker, relied on profits from North America, where new car purchases have been propped up by low interest rates, to offset stagnant or declining profits from China, South America and Europe. Meanwhile, the number of unsold vehicles held by American dealers rose by one-third to 845,000 vehicles by the end of 2016.
There are concerns among economists that a collapse in the auto loan bubble could pose systemic risks to the global economy, similar to the subprime mortgage crisis in 2008.

Tuesday, February 7, 2017

Northern Hemisphere Potentially In Great Danger As Fukushima Radiation Spikes To ‘Unimaginable’ Levels

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Radiation inside one of the damaged reactors at the Fukushima nuclear power facility has reached an “unimaginable” level according to experts. Because so much nuclear material from Fukushima escaped into the Pacific Ocean, there are many scientists that believe that it was the worst environmental disaster in human history, but most people in the general population seem to think that since the mainstream media really doesn’t talk about it anymore that everything must be under control. Unfortunately, that is not true at all. In fact, PBS reported just last year that “it is incorrect to say that Fukushima is under control when levels of radioactivity in the ocean indicate ongoing leaks“. And now we have just learned that the radiation level inside reactor 2 is so high that no human could possibly survive being exposed to it.

According to the Japan Times, the level of radiation inside the containment vessel of reactor 2 is now estimated to be “530 sieverts per hour”…
The radiation level in the containment vessel of reactor 2 at the crippled Fukushima No. 1 power plant has reached a maximum of 530 sieverts per hour, the highest since the triple core meltdown in March 2011, Tokyo Electric Power Co. Holdings Inc. said.
Tepco said on Thursday that the blazing radiation reading was taken near the entrance to the space just below the pressure vessel, which contains the reactor core.
The high figure indicates that some of the melted fuel that escaped the pressure vessel is nearby.
It is hard to find the words to convey how serious this is.

If you were exposed to a radiation level of just 10 sieverts per hour, that would mean almost certain death. So 530 sieverts per hour is simply off the charts. According to the Guardian, this recent measurement is being described by scientists as “unimaginable”…
The recent reading, described by some experts as “unimaginable”, is far higher than the previous record of 73 sieverts an hour in that part of the reactor.
A single dose of one sievert is enough to cause radiation sickness and nausea; 5 sieverts would kill half those exposed to it within a month, and a single dose of 10 sieverts would prove fatal within weeks.
And the really bad news is that there appears to be a 2 meter hole that was created by melted nuclear fuel “in the metal grating under the pressure vessel in the reactor’s primary containment vessel”. The following comes from Bloomberg
New photographs show what may be melted nuclear fuel sitting under one of Japan’s wrecked Fukushima reactors, a potential milestone in the search and retrieval of the fuel almost six years after it was lost in one of the worst atomic disasters in history.
Tokyo Electric Power Co. Holdings Inc., Japan’s biggest utility, released images on Monday showing a grate under the Fukushima Dai-Ichi No. 2 reactor covered in black residue. The company, better known as Tepco, may send in a scorpion-like robot as soon as February to determine the temperature and radioactivity of the residue.
If that isn’t frightening enough, one Japanese news source is reporting that this melted nuclear fuel “has since come in contact with underground water flowing from the mountain side”…
The melted fuel has since come in contact with underground water flowing from the mountain side, generating radioactively contaminated water every day. In order to dismantle the reactor, it is necessary to take out the melted fuel, but high radiation levels inside the reactor had hampered work to locate the melted debris.
If this disaster was just limited to Japan, the entire northern hemisphere would not be at risk.
But that is not the case.

Most of the nuclear contamination from Fukushima ended up in the Pacific Ocean, and from there it was literally taken around the rest of the planet. The following was reported by PBS
More than 80 percent of the radioactivity from the damaged reactors ended up in the Pacific — far more than reached the ocean from Chernobyl or Three Mile Island. Of this, a small fraction is currently on the seafloor — the rest was swept up by the Kuroshio current, a western Pacific version of the Gulf Stream, and carried out to sea where it mixed with (and was diluted by) the vast volume of the North Pacific.
We don’t know if there is a connection, but it is extremely interesting to note that fisheries up and down the west coast of the United States are failing because of a dramatic decrease in fish populations. Just check out the following excerpt from a story that was posted on January 18th
U.S. Secretary of Commerce Penny Pritzker today determined there are commercial fishery failures for nine salmon and crab fisheries in Alaska, California and Washington.
In recent years, each of these fisheries experienced sudden and unexpected large decreases in fish stock biomass or loss of access due to unusual ocean and climate conditions. This decision enables fishing communities to seek disaster relief assistance from Congress.
Things are particularly bad up in Alaska, and biologists are “stumped” as to why this could be happening…
In 2016, the pink salmon harvests in Kodiak, Prince William Sounds, Chignik and lower Cook Inlet came in woefully under forecast and stumped biologists as to why.
The estimated value of Kodiak’s 2016 haul was $2.21 million, compared to a five-year average of $14.64 million, and in Prince William Sound the ex-vessel value was $6.6 million, far less that the $44 million five-year average. The total state harvest was the smallest since the late 1970s.
Although state biologists weren’t ready to declare a cause for the poor pink salmon performance, the Commerce Department press release attributed the disasters to “unusual ocean and climate conditions.”
Further south, it was being reported last month that millions of dead sardines are washing up on the shores of Chile.

I could go on and on with a lot more examples like this, but hopefully you get the point.

Something really strange is happening in the Pacific, and a lot of people believe that there is a link to Fukushima.
Not too long ago, I wrote about how the elite of Silicon Valley are “feverishly prepping“, but the truth is that all of us should be. If you need some tips on how to get started, you can find my prepping book right here. Our planet is becoming increasingly unstable, and the Fukushima nuclear disaster is just one piece of the puzzle.

But it is definitely a very important piece. The nuclear material from Fukushima is continuously entering the food chain, and once that nuclear material gets into our bodies it will slowly irradiate our organs for years to come. The following is an excerpt from an absolutely outstanding opinion piece by Helen Caldicott that was published in the Guardian
Internal radiation, on the other hand, emanates from radioactive elements which enter the body by inhalation, ingestion, or skin absorption. Hazardous radionuclides such as iodine-131, caesium 137, and other isotopes currently being released in the sea and air around Fukushima bio-concentrate at each step of various food chains (for example into algae, crustaceans, small fish, bigger fish, then humans; or soil, grass, cow’s meat and milk, then humans). After they enter the body, these elements – called internal emitters – migrate to specific organs such as the thyroid, liver, bone, and brain, where they continuously irradiate small volumes of cells with high doses of alpha, beta and/or gamma radiation, and over many years, can induce uncontrolled cell replication – that is, cancer. Further, many of the nuclides remain radioactive in the environment for generations, and ultimately will cause increased incidences of cancer and genetic diseases over time.
Are you starting to understand the gravity of the situation?

Sadly, this crisis is going to be with us for a very, very long time.

According to Bloomberg, they are not even going to start removing melted nuclear fuel from these reactors until 2021, and it is being projected that the overall cleanup “may take as long as 40 years”…
Decommissioning the reactors will cost 8 trillion yen ($70.4 billion), according to an estimate in December from the Ministry of Economy, Trade and Industry. Removing the fuel is one of the most important steps in a cleanup that may take as long as 40 years.
The unprecedented nature of the Fukushima disaster means that Tepco is pinning its efforts on technology not yet invented to get the melted fuel out of the reactors.
The company aims to decide on a fuel removal procedure for the first reactor during the fiscal year ending March 2019, and to begin removing fuel in 2021.
A lot of people that end up dying as a result of this crisis may never even know that it was Fukushima that caused their deaths.

Personally, I am convinced that this is the greatest environmental crisis that humanity has ever experienced, and if the latest reading from reactor 2 is any indication, things just took a very serious turn for the worse.