Here at Housing Doom blog we’re always on the lookout for really worst case scenarios, especially the ones where grownups, the MSM and recognized authorities all get together and say: “Why are we even bothering to debunk something that dumb?”
Which is why we’ve got a soft spot in our heart (hearts for pet dragon Igor, head for yours truly) concerning the idea that a tidal wave is supposed to engulf Mt Everest at the next Winter solstice 
But on the other hand …
12/21 ’12 just happens to be smack in the middle of a US congressional / presidential interregnum, the traditional Walpurgisnacht for anti-democratic mischief in America. It’s also just days before Geithner’s original promise of Treasury Dept support for Fannie and Freddie runs out although, like everything else in this story arc, there seems to have been some hedging about that as a hard deadline. Sounds like a great time to throw the US taxpayer under the bus so that the holders of agencies can be saved, if that silly implicit guarantee on MBS managed to stay off the agenda during the election.
But around $6 trillion of dodgy debt looking for its mommy is actually not the worst of it. The Mayan Reset also marks the start of the second post-3/11 winter, and there’s an ominously thin line of heroes defending the idea that the island of Honshu is still a fit place to live …
Japan Times (1/22 ’12): “Cabinet kept alarming nuke report secret”
Kondo drew up the document at Kan’s request and is dated March 25, 2011. The document forecast that in a worst-case scenario the plant’s crippled reactors would intermittently release massive quantities of radioactive materials for about a year.
This “worst case” is quite similar to what we were speculating about a few months later, although they were considering an H2 explosion at building #1 and we figured the worst risk was a collapse of the temporary pool at building #4. From what little they’re saying in the news report it seems they haven’t yet considered the implications of over 6,000 spent rods at the common pool, but presumably if it comes under threat they’d keep it manned even if that gig was a suicide mission.
So let’s hope some technology to stabilize the situation gets thought up RFN (e.g. molecular traps for nucleides), or as Renton is in the habit of saying: Fold or Die
Mish's Global Economic Analysis
Bubble Meter
Northern Virginia Housing Bubble Fallout
UK House Bubble
Ohio Fraudclosure
Breaking News Relevant Articles© Copyright 2012 Housing Doom | Copyright© 2011, AuthentiCraft, Inc.
John-
They won’t be able to throw taxpayers under the bus. I’m afraid we’re already underneath gazing at the oil pan for the past few years. The best they can do is go back and forth over us a few more times. : (