BIBLICAL EARTHQUAKE HITS JAPAN update II
One of the largest earthquakes ever occurred 150 kilometers off Japans northern coast creating a massive tsunami and concomittant damaging fires. Large airports were hit by the tsunamis with fires in refineries burning now. Damage appears massive. This appears to be in these early hours to be an incredibly damaging earthquake with tsunamis still threatening not only the coast of Japan but the entire Pacific basin to Hawaii. My guess is as the morning unfolds this could have an impact on many aspects of Japans infrastructure and economy. I have watched the tsunami hit real-time and many cities are under water as I type. Let’s hope that by morning this story does not unfold as catastrophic as what it appears to be at this time. Massive casualties appear unavoidable.
Update I…..this is a deflationary event therefore it will be met with money printing….a de facto QE3 event. I had some question if the QE2 would be “light” next week but now you may expect full printing after this event. Pay attention today to any Fed speak that occurs. More importantly lets all be aware of the human tragedy from this event and hope that their loss of life will be respected. This is truly a massive tragedy.
Update II…..fighting against time….hell is coming and some very brave scientist are about to give their lives……
http://www.newsmax.com/Newsfront/Japan-nuclear-core-melt/2011/03/11/id/389210
Read more at Great Depression 2
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