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Wednesday, April 13, 2011

USD300 billion disaster in Japan

The estimated cost to state is USD 300 billion for the 11th March Treble Disaster - earthquake, tsunami and nuclear fallout. Earth, Wind, Fire, Water, Nuclear. All those elements at full force.

Over 10 thousand lives were lost. The Japanese National Police Agency has confirmed 13,392 deaths, 4,896 injured, and 15,133 people missing] across eighteen prefectures, as well as over 125,000 buildings damaged or destroyed. The earthquake and tsunami caused extensive and severe structural damage in Japan, including heavy damage to roads and railways as well as fires in many areas, and a dam collapse.

300 billion USD is certainly a huge sum comparable even to Quantitative Easing 2 release by the United States to prop up the financial system. And that was a financial tsunami caused by greed, and manipulation of greed, and a system that was feeding problems into "Inception"-like levels and mazes of deeper intertwined problems, topped by a Madoff Ponzi illusion of profit and grandeur.

Here it is all natural. Japan is quake prone and had prepared all it could. All it's resources. No other country can prepare for such calamity.

Take Haiti Earthquake for instance. It was 2010. Just last year. 12th January. How many had died? 316 000 had lost their lives. That is 30 times the number of deaths. This impoverish nation requires even more aid and donation than Japan. Japan has the financial power, the human tenacity, and expertise. While Haiti is a far away poor country.

Hope those who have donated to Japan to think also about Haiti.

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