Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
S&P 500 – Is a 5% Correction Enough? - 6th Dec 21
Global Stock Markets It’s Do-Or-Die Time - 6th Dec 21
Hawks Triumph, Doves Lose, Gold Bulls Cry! - 6th Dec 21
How Stock Investors Can Cash in on President Biden’s new Climate Plan - 6th Dec 21
The Lithium Tech That Could Send The EV Boom Into Overdrive - 6th Dec 21
How Stagflation Effects Stocks - 5th Dec 21
Bitcoin FLASH CRASH! Cryptos Blood Bath as Exchanges Run Stops, An Early Christmas Present for Some? - 5th Dec 21
TESCO Pre Omicron Panic Christmas Decorations Festive Shop 2021 - 5th Dec 21
Dow Stock Market Trend Forecast Into Mid 2022 - 4th Dec 21
INVESTING LESSON - Give your Portfolio Some Breathing Space - 4th Dec 21
Don’t Get Yourself Into a Bull Trap With Gold - 4th Dec 21
GOLD HAS LOTS OF POTENTIAL DOWNSIDE - 4th Dec 21
4 Tips To Help You Take Better Care Of Your Personal Finances- 4th Dec 21
What Is A Golden Cross Pattern In Trading? - 4th Dec 21
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - Part 2 - 3rd Dec 21
Stock Market Major Turning Point Taking Place - 3rd Dec 21
The Masters of the Universe and Gold - 3rd Dec 21
This simple Stock Market mindset shift could help you make millions - 3rd Dec 21
Will the Glasgow Summit (COP26) Affect Energy Prices? - 3rd Dec 21
Peloton 35% CRASH a Lesson of What Happens When One Over Pays for a Loss Making Growth Stock - 1st Dec 21
Stock Market Sentiment Speaks: I Fear For Retirees For The Next 20 Years - 1st Dec 21 t
Will the Anointed Finanical Experts Get It Wrong Again? - 1st Dec 21
Main Differences Between the UK and Canadian Gaming Markets - 1st Dec 21
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - 30th Nov 21
Omicron Covid Wave 4 Impact on Financial Markets - 30th Nov 21
Can You Hear It? That’s the Crowd Booing Gold’s Downturn - 30th Nov 21
Economic and Market Impacts of Omicron Strain Covid 4th Wave - 30th Nov 21
Stock Market Historical Trends Suggest A Strengthening Bullish Trend In December - 30th Nov 21
Crypto Market Analysis: What Trading Will Look Like in 2022 for Novice and Veteran Traders? - 30th Nov 21
Best Stocks for Investing to Profit form the Metaverse and Get Rich - 29th Nov 21
Should You Invest In Real Estate In 2021? - 29th Nov 21
Silver Long-term Trend Analysis - 28th Nov 21
Silver Mining Stocks Fundamentals - 28th Nov 21
Crude Oil Didn’t Like Thanksgiving Turkey This Year - 28th Nov 21
Sheffield First Snow Winter 2021 - Snowballs and Snowmen Fun - 28th Nov 21
Stock Market Investing LESSON - Buying Value - 27th Nov 21
Corsair MP600 NVME M.2 SSD 66% Performance Loss After 6 Months of Use - Benchmark Tests - 27th Nov 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Japan Nuclear Melt-Down? The Government to the Rescue

Politics / Nuclear Power Mar 14, 2011 - 05:14 AM GMT

By: LewRockwell

Politics

Best Financial Markets Analysis ArticleMike (in Tokyo) Rogers writes: The nuclear power plant failures and explosions near Fukushima, Japan are an excellent case example of the failure of government. Here, the Japanese government has been horribly derelict before, during and after this incident. This freak occurrence would be a tragedy of comical proportions if only it weren’t so grotesque and a real-life horror show. It has been a brutal tragedy of errors that makes me wonder why anyone would trust or believe anything the government says.


I am not talking about just the Japanese government here. I am talking about all governments. All governments lie all the time. It is the nature of government to do so.

As of the writing of this article, the situation at the nuclear power plants keeps getting worse as it has been reported that after the first nuclear power plant’s dome cracked, exploded and is now experiencing at least a partial nuclear meltdown, a second reactor is now in danger of the same.

Interestingly of the writing of this article, there were reports that the Japanese government still has not admitted that there has been an explosion at the first reactor plant even though there is video evidence of the event.

Like I said, that anyone would trust what the government says is simply astounding to me. How many times do people need to be lied to before they start to get suspicious? Need I remind dear reader by going through a litany of lies over these past few years? How about Swine Flu, SARS, bird flu, Mad Cow disease, AIDS, etc.?

The nuclear accident is a good example of how a government lies. It shows in undeniable proof of how a bureaucrat changes their story every few hours. Of course, after things gets bad and people die, the politicians always have the excuse that they, "Didn’t want people to panic" so they use this as justification for their fibs. Though they will never admit that they lied or were wrong.

Reuters Reported:

Radiation leaked from a damaged Japanese nuclear reactor north of Tokyo on Saturday, the government said, after an explosion blew the roof off the facility in the wake of a massive earthquake.

The developments raised fears of a meltdown at the plant as officials scrambled to contain what could be the worst nuclear disaster since the Chernobyl explosion in 1986 that shocked the world.

The Japanese plant was damaged by Friday's 8.9-magnitude earthquake, which sent a 10-metre (33-foot) tsunami ripping through towns and cities across the northeast coast. Japanese media estimate that at least 1,300 people were killed.

"We are looking into the cause and the situation and we'll make that public when we have further information," Chief Cabinet Secretary Yukio Edano said after confirming the explosion and radiation leak at the plant.

Edano said an evacuation radius of 10 km (6 miles) from the stricken 40-year-old Daiichi 1 reactor plant in Fukushima prefecture was adequate, but an hour later the boundary was extended to 20 km (13 miles). TV footage showed vapor rising from the plant, 240 km (150 miles) north of Tokyo.

Catch that? They said that a six-mile radius was sufficient, but an hour later, they change it to 13 miles? I hope that dear reader will trust me when I tell you that just 24 hours before they said that there was no danger at all. I also hope dear reader believes me that this same politician denied that there was an explosion even hours after the video of the explosion was shown on TV.

This is a terrible situation indeed, but there is a very important lesson in life for all of us in this mess. I believe that this is a lesson that is teaching us personal responsibility and it is also teaching us to have a healthy skepticism of the state and its proclamations.

Consider: On Friday, soon after the earthquake struck, it was reported that the Japanese electrical company that was running the nuclear power plant was experiencing difficulties at the plant. The reports said that even though they had shut down the reactor – for fear of damage – the temperature of the reactor inner core was still rising. The company said they were making all efforts to contain the problem.

At the same time, the Japanese government claimed that there was no danger of a radiation leak and that engineers were getting the situation under control. I see that most of the early reports concerning this disaster and government reaction have disappeared into the memory hole, but here's one. This report was released at about 1 pm on Saturday March 12, 2011.

NOTE: The rolling power outages have begun and our power will be off for about 5 hours starting in 8 minutes. I will attempt to stay in contact. I have a brief blog about the power outages here.

From Reuters:

"It’s possible that radioactive material in the reactor vessel could leak outside but the amount is expected to be small and the wind blowing towards the sea will be considered," Chief Cabinet Yukio Edano told a news conference.

Possible?.. Small amount?... No big deal, right? Sure. Move along, nothing to see here folks. I think only a fool would take what this clown says at face value.

(By the way, it is now confirmed that 9 people have radiation poisoning with at least 160 more are suspected of it. So much for government announcements that it is safe.)

My entire point here is that the government screws up constantly and, if you take what they say for God-given truth, then you probably deserve what you get. If anyone should know the truth in that statement it should be the Japanese. They’ve had experience with disasters and a government who lied to them about a similar disaster to today called Minamata.

Now, before you, dear reader, go on to protest and defend the statist position in that, "The government must report something!" Let me say that as broadcaster with over 30 years experience, it's an argument that I completely disagree with (and I will save for another day). Sure, the government will make their announcements, the point of this article is whether you should believe them at face value or not.

Let me point out to you one more critical factor in my argument: These nuclear power plants need a license to operate. Who grants these licenses? The government, that's who. This means that citizens who are damaged by any errors of that power plant only have recourse in taking action against that government in court should anything go wrong. Think about that. It was the government who gave the approval for that plant to be built where it is built. It was the government who gave the approval for the safety precautions of that plant. The free market was nowhere to be seen in these events.

So if the government were responsible should the SHTF then do you actually think they would tell us the truth and take the risk of losing their jobs in the next election? I don’t think so.

I wonder if an electric power company were liable in civil and criminal court for damages– which, because of Japanese law, they are not – would they be building government approved-nuclear power plants on earthquake fault lines? I doubt it.

So the government created this situation and, as usual, the government must cover up and spin the results of this mess.

Now, dear reader, I ask you, do you still believe that you should believe government pronouncements as to whether or not it's safe to go outside or drink the water or breathe the air?

Who knows what's best for you and your family's safety more than you do? As a former broadcaster, all I can say is that you must gather all the available information you can – remembering that there are those who have certain motivations for what they pronounce – and judge what’s best for yourself by yourself.

Your life and your children's lives depend upon it. Take this opportunity to teach your children well... If you don't teach them, the government will.

Mike (in Tokyo) Rogers [send him mail] was born and raised in the USA and moved to Japan in 1984. He is the president of an Internet & Cross Media advertising/marketing agency and a media production company named Universal Vision. He writes about marketing, the Internet and Social Media at the Modern Marketing Japan blog. His book, Schizophrenic in Japan, went on sale in 2005.

http://www.lewrockwell.com

    © 2011 Copyright Mike Rogers / LewRockwell.com - All Rights Reserved

    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Jerry
14 Mar 11, 18:01
Japan melt down

Perhaps the main thing missing in all reporting (anywhere) is this fact: any country with a civil nuclear power programme also has nuclear arms OK! the equation is thus - nuclear fission produces both heat and weapons grade plutonium. Change the equation round but you still have the same result. No nuke power then no nuclear weapons. If someone can disprove this then let me know please.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in