G-7 to Hold Urgent Talks on Japan Quake, Global Markets

G-7 to Hold Urgent Talks on Japan Quake, Global Markets

www.bloomberg.com

Group of Seven nations finance chiefs will hold talks on financial markets and Japan’s economy tomorrow, after the March 11 earthquake triggered a drop in global stocks and drove the nation’s currency to a post World War II high.

(visit the link for the full news article)

Well now. I suppose it it is time for immediate secret meetings to take place. So what are the possible out comes of this? What types of actions has the G7 taken in the past during other disasters involving western civilizations?

Loans? A push to bring monsanto into the picture?

What are your thoughts ATS?




www.bloomberg.com (visit the link for the full news article)

i was thinking yesterday, what if japan goes through a reactor? they wont have a stock market anymore..well one most wouldnt wanna buy things from now ya know? myabe thier tring or thining, what to do with the global market, regarding japans part? in case its wiped off the map via reactor radiaiton.. jsut a thought i had

reply to post by ziggy1706


Good point... It's very possible that if this goes further south with a quickness, that the economic result would be like removing Japan from the markets for a while...

a while? a few thousand years? remember, in cherynoble, they ahd to resort to entombing he radioactive core in a cocnrete sarcophugus* seems to be the only real way to contain radiation. some of the islands the US nanvy tookover through the 50;s nad early 60's nuclear testing..even today, you can go thier, but the vegetitation grows back wrong in areas and isnt deemed safe to eat at all. dont think wallstreet has a few thousand years for all the isotopes to have completely decayed*
shoulda stayed with burning of garbage or wind to make electricity*

Originally posted by HunkaHunka


Well now. I suppose it it is time for immediate secret meetings to take place. So what are the possible out comes of this? What types of actions has the G7 taken in the past during other disasters involving western civilizations?

Loans? A push to bring monsanto into the picture?

What are your thoughts ATS?




www.bloomberg.com (visit the link for the full news article)

Your not far wrong Hunka Hunka. See my thread on the news this morning.

www.abovetopsecret.com...

Experts are saying that the Worlds's Food supply is being threatened by the Nuclear disaster in Japan. So Monsanto will be implemented because we will have no choice.

edit on 17/3/2011 by stevcolx because: (no reason given)

how does japan and the food americans eat compare? since when did wonder bread, eggos, tyson dinners, cheese,birds eye peas n carrots come from japan? this wreaks of impure greed and danger. thiers no reason to enforce monsantos toxic food.
im not saying yuor wrong..but i do not get the logic or reason, why becuase of whats going on in japan, it would affect the worlds food market? whens the last time you really think food form india was importe from japan? im sure keilbasa came form thier too its a scam being taken advantage of then, by governemnt and monsantos.damn the clintons*

few thousand years?

You can walk around Hiroshima and Nagasaki and enjoy a ice-cream at ground zero.
You can walk through Pripyat and right up to the Chernobyl reactor, im not saying you should pitch a tent and start digging in the earth.

This hasn't reached Chernobyl levels yet.
Japan is a much more technologically capable than the Ukraine in the soviet days.
Japan is a much more, open and fairer nation than the USSR was.

Yes a containment dome or something will need to be built over the entire structure and land 10-20kms around it abandoned.. but on the scope of the tsunami disaster thats pretty minimal.

few thousand years?

You can walk around Hiroshima and Nagasaki and enjoy a ice-cream at ground zero, that was 60yrs ago.
You can walk through Pripyat and right up to the Chernobyl reactor, im not saying you should pitch a tent and start digging in the earth. that was what.. 20-30yrs ago?

This hasn't reached Chernobyl levels yet.
Japan is a much more technologically capable than the Ukraine in the soviet days.
Japan is a much more, open and fairer nation than the USSR was.

Yes a containment dome or something will need to be built over the entire structure and land 10-20kms around it abandoned.. but on the scope of the tsunami disaster thats pretty minimal.

reply to post by Agit8dChop


Your sentiments are very much in tune with my own, regarding the seriousness of the long term impact of this incident. Of course it will be a matter of time which will tell the true extent of the damage and irradiation of land and the reach of any radioactive clouds which have periodicaly been thrown forth by the damage to the reactors. But even with the worst case scenario in mind, this incident does not compare in seriousness with other radiological accidents in the past.

Besides any of that, the Japanese people are some of the most resilient, capable, and determined people on the planet. They have come through two nuclear strikes, quakes, sarin gas attacks , and Tsunami (events so common in Japan, that the accepted terminology to describe the phenomenon across the world, is derived from the Japanese. Directly translated it means "Harbor Wave") and have scrambled to thier feet as a nation, and forged ahead using intellect and shrewdness, to overcome problems and set backs which would have felled many less able nations. This they have done time after time.

And they have not just survived these trials which have come upon them over the years, but have triumphed over various markets, with the darkest of time as a backdrop to thier sucess. The Japanese mastery of new technology has been legendary amongst those who follow the subject, and is a testament to the necessitiy based growth that particular element of the Japanese ecconomy has been witness to over the years.
With this history of triumph over adversity, this phoenix like ability to be reborn, re-forged by the fire of fate, rather than broken and charred by it, I do not share the pessimism expressed by some that Japan will have to be taken completely out of the markets for an extended period. It may be required for a time, but I wouldnt hold out to much assumption that this state of affairs will last an overly long while.

reply to post by HunkaHunka


How about the G7 meet to arrange REAL AID to the Japanese people and nuclear expert help instead of fluffing around over $$$$$ for pete's sake!!!

Capitalist bastards!

reply to post by bluemirage5


I have to point out that although I understand your idealism, the nations of the world which have expertise and bodies to lend to the relief effort, have done, and are continuing to do so. The NGO machine is mobilised, aid money is being collected and will be distributed with all due speed.
It is hardly as if Japan is without allies against its troubles at this time. It would I think be very irresponsible of the G7 to neglect to discuss the finanical implications of this event, since its occurance could throw into chaos, and only just barely ordered situation, one that until recently threatened to destroy the markets as a whole. If the G7 do not discuss the element of the unfolding crisis, that means that were the Japanese people to require involvement of the IMF , or any globaly active body in terms of finance, that any response to thier needs would take far longer to meet, because no contingency planning will have been done, and no funds agreed and set aside for thier use in the time ahead.
If there had been ZERO humanitarian aid traveling to the nation, and if there had been no personel traveling there from all over the world to help, then I could understand your ire toward the G7, because to meet to discuss the finance while NOTHING is done , would be crass and indifferent, and frankly abhorrent.
However, since the international group of rescue specialists are in place, and since nuclear experts from several nations are lending either remote support, or on site support to the Japanese at this time, I fail to see how discussing a very important part of efforts to stabilise the ecconomy of the region (which can only benifit the rebuilding of Japans damaged coasts, brutalised nuclear power grid, and the treatment of radiated people, and victims of Tsunami waves) can be offensive, since its intent is to ensure that as little damage is done to the credibility of and workability of the rebuilding process.

Anyone know what happened?

reply to post by HunkaHunka


G7 nations are going to sell their Yen when their banks open

The G7 nations have agreed to help Japan lower its soaring currency by selling yen, in an effort to aid its disaster-hit industries.

The US, UK, European Central Bank and Canada have agreed to off-load some of their yen holdings to help the Bank of Japan bring the yen down from its highest level against the greenback since World War II.

The move started at 11:00am (AEDT) and had immediate effect - the US dollar rose from being worth 79.18 to 81.04 Japanese yen, while the Australian dollar also surged from 77.85 to 79.9 Japanese yen shortly after the concerted intervention started.
www.abc.net.au...

Buy CHF/JPY

reply to post by Surfrat


yep... And this just came across twitter

news.yahoo.com...

The Group of Seven rich nations on Friday agreed to join in rare concerted intervention to restrain a soaring yen and calm global markets after a wild week of panicky trading as Japan scrambled to prevent a meltdown at a nuclear power plant.
The U.S. dollar surged two full yen to as far as 81.70 yen, leaving behind a record low of 76.25 hit on Thursday as the Bank of Japan kicked off the joint action. Media reported it bought more than $25 billion.
Japan's Nikkei share index climbed 3 percent, recouping some of the week's stinging losses as Japan reeled from an earthquake, tsunami and the nuclear power plant crisis.

Japan's economy is stable and large, it maintains a consistent trade surplus, and its government debt is held mainly by domestic investors, with 95 per cent of Japanese government bonds in the possession of Japanese, meaning the country can finance its debts easily without tapping foreign investors.