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Monday, March 14, 2011

Fukushima Nuclear Power Plant In Full Meltdown Of Four Reactors

The world is now officially having its black swan moment. Japan, having suffered its largest earthquake in recorded history, is now under threat from the Fukushima nuclear power plant.

With tens of thousands of Japanese missing and presumed dead, millions more without proper food or energy supplies and tens of millions more now under threat of nuclear fallout, the situation is getting worse by the hour.

All four nuclear reactors at the Fukushima nuclear power plant have either had explosions, meltdowns or fires. The radiation levels are now beginning to climb to dangerous levels, and evacuation orders are being made.

Tokyo, with 30,000,000 people, is only 160 miles to the south of the plant, and the winds are expected to blow the radioactive discharge over the city within eight hours.

From Zero Hedge:

"All hell is currently breaking loose following an explosion at reactor #2 and another hydrogen explosion at reactor #4 per Kyodo, leading to a 16% drop in Nikkei futures as blind panic grips Japan. Kyodo essentially confirms there was a reactor meltdown as radiation levels at Fukushima 3 are now 400 times legal levels. Topping it all, Japan's warning that all people within 30 kilometers from Fukushima should stay indoors and that the radioactive winds may reach Tokyo in as little as 8 hours."


Current Dow futures are down nearly 200 points, and it is very likely the Japan situation will reacquaint markets with gravity in short order.

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