06/27/2011
Weekly Geopolitical News and Analysis20110627: Japan is investing 8 trillion yen in new energy technology; oil and nuclear power will be phased out.
The Fukushima nuclear crisis is turning out to have a silver lining because it has convinced the Japanese political and business establishment to phase out nuclear power and oil as energy sources. In particular, Japanese tycoon Masayoshi Son has teamed up with Prime Minister Naoto Kan to invest 8 trillion yen or about $100 billion to develop alternative energy technologies, according to Japanese government sources. Also, in yet another sign the old world order is ending, the US and European governments are having to dip into emergency oil stocks because their fiat currencies are no longer being accepted as payment for oil.
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