The Japanese Crisis - New World Next Week


Uploaded by corbettreport on 26.03.2011

Transcript:
This is James Evan Pilato of MediaMonarchy.com and this is James Corbett of CorbettReport.com
and we'd like to welcome you back to the New World Next Week at NewWorldNextWeek.com, coming
to you also via ParadigmShift.tv on Sky Channel 201. And I'd like to thank all the listeners
and viewers for sticking with us during the hiatus that I was taking recently. Of course,
as I mentioned before we went on break, I was taking some time off to deal with the
loss of a family member and I went back to Canada for the funeral during that time. And
first off, let me say thank you very much for all of those who left their sympathy and
condolences, either through email or on comments on the YouTube channel or through messages,
they were all very much appreciated during a very difficult time. And of course, during
that time off things have only become even more insane in the world. Obviously talking
about what's happening here in Japan, so I am ending the hiatus early and I am back - there
are already some interviews up on my CorbettReport.com, so please check them out. And just as a side
note to all of the people, I'm still even getting some people emailing me to ask me
how I'm doing. If there is ever any sort of disruption with the YouTube channel, please
go to CorbettReport.com because the updates will be there. And so anyway, let's start
to get back into things and we're going to be covering the Japanese situation quite carefully.
I'm going to be covering it a lot on CorbettReport.com over the coming weeks, obviously living here
in Japan I'm going to have first-hand access to a lot of things, so I'm going to try to
do my best to report and the podcast will be back this Sunday with a report on 'What
Caused the 3/11 Earthquake?' But right now, let's get into some stories that are going
on in Japan and related to the Japanese crisis. James, what do you have up for us first? I
attempted to get some of the most recent and breaking news that I can, of course, in a
situation like this things changing dramatically and, of course, it's difficult to find any
one source that covers everything, but again we provide links for you and try and lay out
the path for you guys to do more research for yourself. Just this morning at Sydney
Morning Herald: 'Cremation Delayed as Japan Buries Disaster Dead' - "Japan has begun burying
some of its tsunami and earthquake victims in temporary mass graves because it does not
have enough fuel for traditional cremations. With supplies of fuel dwindling, officials
have abandoned cremation in favor of quick, simple burials in a show of pragmatism over
tradition. Some are buried in bare plywood caskets and others in blue plastic bags, with
no time to build proper coffins. The bodies will be dug up and cremated later, officials
assured the families." If we skip down a little bit and this is the area that, perhaps, folks
in the western world may not have known, I did not know this: "The city government said
up to 1,000 bodies could be laid to rest" at this site mentioned. "Burial is unusual
in Japan, where 99.9% of bodies are cremated. Cremation requires 50 liters of kerosene for
a single corpse, and there is not enough available at present. Makeshift morgues are overwhelmed
and there is no dry ice to preserve the dead." James, some of the most recent numbers we're
looking at in excess of 23,000 I believe? That's right, the last I saw was 24,000 missing/dead,
so this is a good story just to bring out the horrific nature of what's going on and
to really point out one of the the many things that people are dealing with right now. Obviously,
the fact that they are foregoing cremations is not a big thing on the big scheme of things,
but it is just another indicator of the scale of what's unfolded in northeastern Japan and
the horrific scenes that are unfolding there. And I was on 'The Alex Jones Show' earlier
today talking about one image that I saw in a newspaper just yesterday about a kindergarten
bus that was destroyed in the tsunami and all the children on board were charred to
death in a gasoline fire that erupted, and just horrific images like that are coming
out on a daily basis. Also some stories of hope, people still being pulled alive from
the rubble, miraculously, after so many days. But it's just a tragedy of almost unthinkable
proportions right now. And I just saw actually, you may not even know this, James. Those videos
from your appearance earlier this morning on 'The Alex Jones Show' were just uploaded
to YouTube and so folks can see those. And you do, you hold up the photo - and it's,
you know, I only listened and was able to watch the first few minutes, but it's, you
know, already almost too much to even try and take on. So if we're somewhat adhering
to our traditional format here on New World Next Week, where we typically go over three
stories, we're going to try and do three kind-of angles to this Japanese crisis.
So for the second one, turns to more of the health issue and we take this from The Telegraph
as Tokyo water has been deemed 'Unsafe for Children' - "Parents have been advised not
to give children water from the city's taps after some samples contained more than double
the legal limit of the hazardous substance. The discovery increases fears of food and
water safety nearly two weeks now after the devastating earthquake and tsunami which killed
thousands and damaged a nuclear plant in Fukushima, leading to a radiation leak." James, again,
you're so much closer to this and the water I'm sure is only the beginning? Well, unfortunately,
that that would seem to be the case. Right now, of course, water is just being pumped
out of the radioactive reactors directly into the Pacific Ocean, so obviously the water
around there is directly contaminated. And then of course, we're getting further contamination
from the fallout from this, obviously in the region around the Fukushima plant and spreading
all the way down to Tokyo now. Just very, very worrying because, obviously, they're
saying that these are within acceptable human health hazard levels, right now. Of course,
not for babies so they don't recommend putting this water in baby formula and things like
that, but they say that it's perfectly fine for adults at the moment. But of course, the
point here is the bio-accumulation and the fact that it's not just going to be a one-off
thing, it's going to be something that people are going to have to be dealing with on a
daily basis, and not only through water - but through milk, through leafy vegetables that
are growing in that region which is why, of course, milk and vegetables from that region
has been stopped, shipments of it have been stopped. So it's unfortunately a crisis that
only, I can imagine, going to increase as the radiation continues to leak out from the
plant and we really won't know the effects of this until the dust has settled either
metaphorically or literally and we have a chance to see how much damage has been done.
But right now it's a very, very worrying thing especially being here in Japan and knowing
that the majority of the food is coming through this supply line and will have been exposed
to some amount of radiation, whether 'acceptable' or not.
Mmm, so our third area that we'll cover and there so many other areas and points and perhaps
we can quickly make those at the end. But from just earlier this morning from the Associated
Press and posted on the Washington Post: 'Japan Earthquake, Tsunami Likely World's Costliest
Natural Disaster at Up to $309 billion' - "Japan’s government said the cost of the earthquake
and tsunami that devastated the northeast could reach $309 billion... The extensive
damage to housing, roads, utilities and businesses across seven prefectures has resulted in direct
losses of between 16 trillion yen (or $198 billion) and 25 trillion yen (or the $309
billion), this according to a Cabinet Office estimate Wednesday. The losses figure is considerably
higher than other estimates. The World Bank on Monday said damage might reach $235 billion.
Investment bank Goldman Sachs had estimated quake damage would be as much as $200 billion."
If we jump down just a little bit, we'll read: "Another Cabinet Office economic report released
Wednesday" and that is Wednesday, May or rather March 23rd, as it is here for me still in
the states. "Underscore the new challenges facing Japan, which had been on the mend from
a lull in growth late last year. 'The economy is moving toward recovery, but its self-sustainability
is weak,' this report said. More broadly, the Japanese economy has been lackluster for
two decades, barely managing to eke out weak growth between slowdowns. It lost its position
as the world's No. 2 economy to China last year and is saddled with a massive public
debt that, at 200% of the gross domestic product, is the biggest among industrialized nations."
So James, that's now the economic tie-in. Right, absolutely, well after the physical
tsunami there's an economic tsunami to deal with and it can have some rather surprising
results. For example, last week, the Yen suddenly surged and that was not something I was expecting,
but I guess it makes sense as the Japanese investors are repatriating Yen that have been
invested out into dollars and other currencies, repatriating it in order to invest in the
redevelopment going on here, so the yen strengthens. All sorts of things like that, that you wouldn't
necessarily think of, but again, this is another thing that we'll have to wait and see how
this happens, how this plays out - because, I mean, there are economic, I suppose, 'benefits'
to the idea of rebuilding and renewed investment in things coming in. But it's going to be
obviously just taking a terrible toll on the Japanese economy which is already suffering
under an extreme debt burden, so we'll have to see. I believe that if any country in the
world can rebound after something like this, it will probably be Japan with the Japanese
incredible resilience of the Japanese people, but it's going to be a very long and difficult
process and I think we're only beginning to really begin to understand how much devastation
has really happened here. Let me quickly throw out a few points here in the Pacific Northwest
and, of course James, you and I are separated by the Pacific Ocean as the radiation fears
grew, the fear on the West Coast and of course the run on potassium iodide all these things
became quite an interesting angle to that and I, of course, covered it on my podcast
and will continue to cover it, in the sort of Oregon and even a connection to my home
state of West Virginia. And of course, James, we also have all the other situations still
going on in the world that have not stopped and have only continued to get worse - that
yes, of course, we now here in the states have our third illegal war of aggression,
based on lies that we've launched and the only sort of joke I've made as we sometimes
have to laugh to not cry is that it's really convenient that we launched, you know, another
war at least on the anniversary of one of our previous wars - it makes them easy to
- we can lump them all together! Uh James, I have to ask the question, or at least put
out the thought that I know maybe a lot of other folks are thinking: What made you go
back to Japan so quickly? Well, I mean it was, I was scheduled to come back. And it's
one of those decisions you have to make: are you going to cut and run and leave everything
you have and everyone you know behind or are you going to go back and face what's happening
along with 120 other million people, uh human souls inhabiting this island? So it was a
decision that I made, I don't know at this point whether it's a good decision to make
or not - but I just don't want to imagine that this island is now an uninhabitable nuclear
wasteland and I don't want to give up on all of my Japanese friends and family and loved
ones so um if whatever's happening here I guess I'm part of it and I'm going to be here
trying to bring the information out to people. But I need your help, I need the help of people
out there to give links and resources and interview suggestions and all sorts of things,
because I'm doing the best I can but I'm only one man. And I am only one man - so if I don't,
if I'm not able to get back to everyone individually, I hope you'll forgive that. I'm just going
to have to do the best I can right now and try to provide information in this very difficult
time. Well I mean, as I think most folks have said: our thoughts, our prayers, our good
vibes, our well wishes - all those things go out to you, man and it's so good to see
you and again be here on the line and talking with you, so I appreciate it. Well, it's good
to be here and it's good to be talking with you again, and I certainly hope people will
stay tuned to MediaMonarchy.com for, not only more about the Japanese situation but of course,
all of the other craziness that's going on and I hope people stay tuned to CorbettReport.com
for lots more on the Japanese situation in-depth over the coming weeks, so thank you once again
James Evan Pilato. Thank you, sir. Take care.