Going Naked, The Corrupt Price Anderson Act, JPMorgan, GE, Edison Electric, And Thompson Houston Corp. Connection


http://youtu.be/GglNlFVsGns

The Price Anderson Act needs to be repealed, and let the free market determine what the true rate of insurance should be for a nuclear power plant. Why should the public take most of the risk and the private for profit companies keep all of the profits? 


http://youtu.be/5ioq08dmSdg

PRICE ANDERSON ACT LED TO PLUMEGATE

This video explores what the Price Anderson Act consists of.

NRC FOIA document page 411…..http://pbadupws.nrc.gov/docs/ML1301/M
Something Wicked This Way Comes: The story of Plume-Gate, the world’s largest, provable cover-up: http://hatrickpenryunbound.com/?p=3683 Please like this video and subscribe to this channel. Thanks for watching 🙂 for more info, go to; http://tinyurl.com/agrindex

This article will explore why the Price Anderson Act, which is portrayed by the pro nuclear industry as a paragon of virtue and safety of all things nuclear, is actually the very worst idea imaginable, for many reasons.

WHAT IS THE PRICE ANDERSON ACT?

When the Price Anderson Act was first passed, it was supposed to be only a temporary aide to help the new nuclear industry prosper and grow, while addressing concerns about it’s safety and risk. 

http://www.citizen.org/documents/Price%20Anderson%20Factsheet.pdfhttp://www.citizen.org/Page.aspx?pid=2117

According to the pro nuclear ‘experts’, the Price-Anderson Act is what brings nuclear regulation to any nuclear activity. But the net effect of this seemingly ‘good’ law, is that it allows the nuclear industry to get away with pushing all of their liabilities and risks onto the taxpayers, while also getting unlimited corporate welfare (that will go on forever and ever) from taxpayers at the same time. How does this nuclear shell game of hiding risks and transferring costs to you the taxpayer work specifically? 

PR ACT LIMITS LIABILITY TO NUCLEAR INDUSTRY, SHIFTS UNLIMITED RISKS AND COSTS TO TAXPAYERS

The Price-Anderson limits the liability costs of any manufacturers or operator of any nuclear reactor to a paltry $10 to 12.5 Billion, out of which the utilities and lawyers get paid first, in case of a mega nuclear radiation disaster happening. This fund is paid for by all nuclear plants. Actually, it is the ratepayers who use nuclear power, that pay for this fund, not the nuclear power companies. A full blown nuclear mega disaster such as Fukushima has been estimated to cost between 1 – 10 TRILLION dollars, not a 12.5 Billion. For more on this, follow this link; 

http://www.citizen.org/cmep/article_redirect.cfm?ID=10322

Only a small fraction of the risk is being covered, and the public is left naked and exposed to all of the risk that the nuclear industry creates. After Fukushima, the taxpayers picked up the tab and are still paying through the nose to try and handle that mega nuclear disaster. There is no way that TEPCO is ever going to ‘pay back’ the taxpayers.


Source/credit

This is roughly the same situation in any country that experiences a nuclear disaster. 

A NUCLEAR DISASTER CAN AND WILL COST A TOTAL OF 1 TO 10 TRILLION DOLLARS

Fukushima Mega Nuclear Disaster Total Cost $1 – $10 TRILLION Dollars – Will Bankrupt Japan; via @AGreenRoad
http://agreenroad.blogspot.com/2012/06/fukushima-crisis-total-cost-up-to-10.html

YOUR LIFE IS WORTH 6 MILLION LESS IN CASE OF A NUCLEAR PLANT MELTDOWN, WHY IS THAT?

rogerthat December 12, 2014  Your Life Is Worth $6 Million Less in a Nuclear Meltdown
By Jonathan Tirone Dec 11, 2014 Bloomberg
If you wrap your new car around a tree beside the interstate, the U.S. government values your life at $9 million. If you’re at risk from a nuclear accident, you’re priced at just $3 million.
Those are the figures the U.S. Transportation Department and the Nuclear Regulatory Commission use when considering safety upgrades for highways or nuclear power plants. Their methods compare the cost of improvements with the number of lives potentially saved. …The theoretical value of a human life is a key part of the U.S. rulebook, which effectively caps how much money power companies can be forced to spend on safety upgrades.
“Using this low value has a significant effect on nuclear plant license renewals and new reactor approvals,” said Ed Lyman, a Washington-based physicist at the Union of Concerned Scientists. “Nuclear plants are not required to add safety systems that the NRC deems too expensive for the value of the lives they could save.” …
Of course, the renewable energy industry has no such issues, because wind plants, solar panels and geothermal plants don’t melt down, blow up and spread radioactive poisons around the planet and contaminate tens of thousands of square miles with invisible toxic radiation. 

RENEWABLE ENERGY INDUSTRY NEEDS NO PRICE ANDERSON ACT AND DOES NOT MELT DOWN, CAUSING 10 TRILLION IN DAMAGES

Wind, solar, geothermal, and other renewable electricity providers do not need a Price Anderson Act or legal immunity from lawsuits. This basic and simple fact should tell energy consumers something all by itself. If you had a choice of two contractors and one said that they were immune to all lawsuits and you had to pay them extra to cover the huge financial risk and losses caused by their ‘special’ kind of work and you were going to get a bill for the next 1 million years to clean up after them and their toxic radioative garbage that they are going to leave with you, and the other contractor had no such requirement or radioactive garbage, which one would you go with?

MILITARY/NUCLEAR INDUSTRY ALSO GOT IMMUNITY FROM MOST LAWSUITS, ON TOP OF PRICE ANDERSON ACT

To even become financial feasible, the nuclear industry got immunity from all lawsuits due to the Price-Anderson Act. This legal immunity opened Pandora’s Box of horrors, because it allowed the manufacturers, such as GE to build very cheap, poorly engineered, unsafe, unreliable, and defective reactors. After all, the public was taking all the risk, so why bother to make them safe and well engineered? There was no more downside to putting unsafe shoddy reactors out there when there is no lawsuit possible and the public is paying for all damages caused by shoddy, defective or poorly designed products.
Bottom line, if a nuclear power company knows that they will only risk a maximum of $121,255,000 per reactor in case something ‘bad’ happens, this artificial cap on losses acts as an incentive to cut corners, approve shoddy work, use cheaper reactors, unsafe designs and poor safety practices once they are operating. If a nuclear accident happens, the taxpayers, not the nuclear power utility, would suffer the largest damages and losses.

LLC STRUCTURE THAT ALL NUCLEAR PLANTS ARE INSIDE OF LIMITS DAMAGES TO SMALL PART OF PARENT CORPORATION

Every nuclear reactor now is put into an LLC, (a liability limiting form of corporation) which also limits losses even further, because the nuclear reactor is it’s own corporation, separate from the larger utility company that owns it. Any and all losses due to a mega disaster or ‘accident’ are limited to that reactor, and do not extend to the nuclear utility that owns it and controls the profits. Any losses and liability beyond the paltry sum above, do not extend to GE, the manufacturer, the builders, the engineers involved in designing it, or the operators. In effect the law makes sure that no one is held responsible for mega nuclear disasters that can kill millions or billions of people.

GE WARNED BY ENGINEERS THAT MARK IV DESIGN IS DEFECTIVE

GE was warned by their own engineers that the Mark IV reactor design was too small to contain the dynamic loads in a nuclear accident, which would result in a catastrophic nuclear mega disaster in case something went wrong. 
Fukushima used those GE reactors, and exactly what the engineers predicted would happen, did happen there. Those engineers felt so strongly about this defective design, that they quit their jobs rather than continue working on them and building them. GE went ahead anyway, because at least on paper, these cheap reactors would compete with coal, in terms of price. Yet, despite GE building a known defective reactors that FAILED catastrophically, they are not even mentioned in any lawsuits around Fukushima.

WHO IS GE, AND WHO IS CONNECTED TO THIS COMPANY? 

Who is GE, and who is connected to it?
http://www.muckety.com/General-Electric-Company/5000769.muckety

Would it be any surprise that the Koch name is included in the list?

24 OF THESE DANGEROUS REACTORS ARE LOCATED IN THE USA

There are 24 of these very dangerous Mark I type GE built reactors in the USA. A leading pro nuclear scientist has even come out on a mass media news site and admitted that nuclear plants are dangerous, error prone and we don’t know the true extent of the Fukushima disaster yet. 
Congress was sold a line of bull hucky when the nuclear industry lobby pushed lawmakers to pass the Price Anderson Act. The nuclear industry and military industrial complex told the politicians who knew nothing about the dangers of radiation or the genetic effects on fetuses and children of low doses of what would come out of any reactor, that the nuclear industry just needed a small hand up and some legal protections ‘for a little while’, in order to get the industry on it’s feet. 
The corporate welfare entitlements and welfare payments have been so large to this monopolistic and predatory nuclear industry, that taxpayers could have gotten FREE electricity for this whole time, and taxpayers not have to deal with the nuclear waste issue or the health effects of radiation at all, for the cost of what the nuclear power, nuclear military and nuclear waste industry has received up to this point.

Nuclear Power Is EXPENSIVE, Dirty, Dangerous, Global Warming And Toxic, Even More So AFTER Decommissioning; via @AGreenRoad
http://agreenroad.blogspot.com/2012/10/nuclear-power-expensive-dirty-dangerous.html

NUCLEAR POWER PLANTS WERE NEVER NEEDED, AND ARE NOT NEEDED NOW

What the public and politicians do not understand is that nuclear power was never needed. Nuclear power reactors were just an ‘excuse’ to get the plutonium that they generate for the military industrial complex, which needed the plutonium to build nuclear bombs. Without nuclear reactors, it would be too expensive to get the plutonium with the military footing the bill entirely, so the public had to be convinced to pay for all of it, so the military could get the plutonium for free. 
The nuclear propaganda campaign was waged under the ‘Atoms For Peace’ campaign. The success of this propaganda war saw the adoption of nuclear power for all kinds of things that are not needed and have too many negative side effects, when much safer and less toxic alternatives exist. 
Without huge sums of money from the largest banks, the nuclear power industry could not exist. JPMorgan was involved, and it became the largest shareholder in GE. GE was created out of a merger between Thompson Houston Company and Edison Electric, headed by Charles A. Coffin.

CA COFFIN RESPONSIBLE FOR PRICE ANDERSON ACT, NO INVESTOR WILL PUT MONEY INTO BUILDING A NEW NUCLEAR PLANT

C. A. Coffin was one of the prime architects of the Price Anderson liability protection scheme. This law granted legal immunity to the whole monopoly, because they could build unlimited numbers of nuclear reactors, while facing absolute no financial liability for the mega nuclear disasters that the nuclear industry is guaranteed to create all around the world.
In Japan, all insurance was cancelled after the Fukushima mega nuclear disaster. Now Japan is trying to get them all restarted, but they have to do it with no insurance. Thus, they will be forced to restart them ‘naked’, without any insurance at all. 

Going Naked, Car Recalls, Car Insurance, Nuclear Power And Nuclear Waste, What They Don’t Have In Common; Reason For Lawsuits?
http://agreenroad.blogspot.com/2014/06/car-recalls-car-insurance-nuclear-power.html

JEREMY RIFKIN SPEAKS OUT ON NUCLEAR POWER



Jeremy Rifkin explains how no one in their right mind would invest in nuclear power, and that it is a guaranteed money losing investment. So why is the public footing the bill for a money losing, toxic, expensive, public health hazard?
So the net effect of Price Anderson was that the nuclear industry shifted all liability and risks to the taxpayer (meaning you the reader), while keeping and guaranteeing profits for failing and succeeding at anything nuclear they did. They get paid by taxpayers to build the plant, operate the plant, and to decommission the plant. In case of ‘accidents’ they also get paid, even more than usual, because no one else wants to clean up their mess.

NET EFFECT OF PRICE ANDERSON ACT IS THAT IT MAKES FAILURE PROFITABLE

The net effect of Price Anderson is that the nuclear industry gets paid to fail, over and over again, while they get to pocket all of the profits and run. The pro nuclear crowd actually makes more money after failing and creating disasters than they do when successfully generating power. The public is literally held hostage by the nuclear industry, and forced to fork over Trillions of dollars when things go wrong, with no one punished or held accountable. The government is forced to get involved and pay for all clean up after a nuclear disaster, which means in effect, that the taxpayer (you) pays the bill. 
Without the Price Anderson legal immunity, there would be no nuclear power business. No investor will touch nuclear anything without taxpayers taking all of the risks. Without bankers and financial investment companies, steering huge amounts of money from pension funds and investors into uranium mines, many of which end up being capital losses, the nuclear industry could not succeed.

THE NUCLEAR INDUSTRY IS A MONEY LOSING BUSINESS, ADDICTED TO ENTITLEMENTS AND CORPORATE WELFARE

The nuclear reactor business is a money losing business from start to finish. NO INVESTOR will invest money in a nuclear reactor, because it is a radioactive, money losing black hole with no bottom to it. You, the taxpayer will just keep being forced to pour never ending amounts of money into it, first to build these plants and weapons, then to guarantee the loans, then to ‘subsidize’ the weapons and plants with corporate welfare payments, then to pay for decommissioning plants and dismantling weapons, then to pay for waste disposal, then to guard the toxic, radioactive waste for a million years, and on top of that to pay for any accidents, spills, etc. Solar, wind, geothermal, tides, and other renewables suffer from none of these ‘annoyances’. 
It all gets worse from here.. In case of some spill or toxic leftover, the nuclear industry also transferred all costs and responsibility through the SuperFund Cleanup law to taxpayers as well. The Superfund was started with good intentions, making companies responsible for cleaning up toxic waste that they left behind or created. 
But over time, the corporations have steadily been transferring the cost and responsibility to taxpayers, so that by this point, they pay only a small fraction of the cost, with taxpayers paying for almost ALL of the radioactive waste cleanup costs at places like Hanford and dozens of other radioactive or chemical contaminated sites all over the nation. Of course, they hide this from you, the taxpayer, by not including this in the ‘costs’ of nuclear power, thus making it look cheap and affordable. They also do not include the hidden healthcare costs that exposure to low dose radiation creates, and that too, is paid for by you, the taxpayer.

NUCLEAR INDUSTRY BUILT ON MAFIA TYPE OPERATIONS

Going further down the nuclear radiation rabbit hole, the whole nuclear industry seems to built on corruption, bribes, kickbacks and mafia type connections, threats, intimidation, media control and coverups, in Japan, Europe and in the US. 


8.5 TRILLION DOLLARS ARE MISSING AT PENTAGON, BUT NO ONE IS ACCOUNTABLE

Over 8.5 TRILLION is missing and unaccounted for at the Pentagon. Much of this money went into the monopolistic nuclear weapons and power industry through the back door of the military industrial complex. This ‘slush fund’ of a Niagara Falls of money supports the hidden, secret, and black funds that keep nuclear power and nuclear weapons in place, despite public opposition.

NUCLEAR CORRUPTION AT UNIVERSITIES AND COLLEGES IS EPIDEMIC

The nuclear industry is promoting new policies based on falsified data. This very poorly designed study manufactures data that completely ignores many human low dose radiation studies showing harm from extremely low doses of radiation. In effect, MIT has made public evacuation ‘optional’ in case of nuclear accidents. What would a medical doctor say in response to such as ‘fake’ and bogus study, which ignores the global body of medical science out there already, proving harm from low dose radiation?

Via Socrates October 8, 2014  “The Cooper v. TEPCO lawyers (Paul Garner) filed a petition in federal court in San Diego to name GE, Toshiba and Hitachi. A suit was filed in New York naming GE among other defendants. Other cases are under consideration and investigation at the present moment. As the damages mount, as with the BP Gulf spill, people will seek to assign blame and obtain compensation for their injuries. The nuclear industry has legislation and “conferences” on nuclear liability to protect itself as early as 1957. Proving causation is usually impossible. Has anyone’s physician told then that their cancer was more likely than not to a reasonable medical probability from Fukushima?” 
Via Socrates October 8, 2014  “Epidemiology usually goes first in mass torts. Pathologists can examine genetics, histology, and other characteristics of a tumor. Gradually, the evidence mounts. Asbestos and tobacco litigation took fifty to sixty years of appeals. The asbestos fiber causes fibrosis and mesothelioma while fertilizers used in tobacco contains Polonium 210.
There are many legal barriers to suing for events in a foreign country. Judge Sammartino heard TEPCO’S Motion to Dismiss back on August 25th. I was there with several other lawyers who flew in, in addition to the plaintiffs’ lawyers. TEPCO argued that all roads lead through the US Military and that the court has no power to second guess the military. Courts do not interfere with most military decisions. The Motion to Dismiss is 70 pages long. I disagree with many of the arguments by TEPCO but await the ruling. The ruling has a greater importance to non-military litigants.
I was a downwinder in Nevada practically from birth on. I do not see how boomers could have stopped the madness of MAD or the peaceful atom. Many tried. The Beatnics and hippies did all they could. The Cold War was all-consuming in American politics. You could be accused of being a “pinko commie symp” at the drop of a hat. There was so much propaganda that people built bomb shelters and welcomed a nuclear arsenal. That’s how we got to where we are now.”

DEMOCRACY AND NUCLEAR INDUSTRY

Socrates October 8, 2014  …”Arnie Gundersen’s statement that his website was under attack possibly because of his work at SONGS. What are (were) they hiding? Arnie asked. We know the answer now. The gangster tricks are amazing. We are living in a very dangerous situation because the stakes could not be higher – we are struggling to survive while inherently dangerous industries are struggling to conceal environmental dangers. CONG – coal, oil, nuclear and gas – all wrecking the environment, yet there seems to be no way or political will to stop the environmental disasters wrought by our energy policies and practices. Humanity is really out on a limb and sawing that limb as fast as it can.

93 Lies that the nuclear industry parades out every time someone has a concern.

NUCLEAR RADIATION FALLOUT SHELTERS ALL DISMANTLED, EVACUATION NOW OPTIONAL, IN CASE OF MAJOR NUCLEAR ACCIDENT

On another front; have you ever wondered why there are no more nuclear fallout shelters, supplies, meters or emergency responders trained to deal with a nuclear disaster or low dose radiation exposure? Hint; they cost money and expose the hazard of the nuclear power industry, so all of this was gotten rid of many years ago. Emergency civilian responders are not even trained in or know anything about low level radiation hazards of nuclear energy, much less what to if an accident happens. There are no radiation meters out there among the civilian emergency responder networks.

Civilians are now on their own, with no help, no shelter, no financial protections, no legal options, and no emergency response possible. In effect, MIT and other nuclear industry funded colleges and universities like this one, serve as lapdogs to promote nuclear energy, while they also assist and support the dismantling of all public protections against radiation exposure, by calling everything safe, or not harmful, after an accident happens.

MIT PUBLISHED STUDY SAYING EVACUATION NOT NEEDED IN CASE OF NUCLEAR ACCIDENTS

MIT published the study that concluded falsely that evacuation was not needed in case of nuclear accidents. This is much like the IAEA being a promoter and marketer of nuclear power, but also pretending to be a ‘regulator’, much like the NRC. MIT gets a lot of funding from the nuclear industry or the Dept of Energy, which is also a huge promoter of nuclear everything.
What is the take away? Bottom line, the Price Anderson Act is like a get out of jail free card. No matter how many millions and potentially billions of people get cancer and/or are killed, the nuclear industry is not held responsible for any of it. What else can you call this, but corporate sponsored and controlled fascism? 
End 
The Corrupt Price Anderson Act, JPMorgan, GE, Edison Electric, And Thompson Houston Corp. Connection; via @AGreenRoad
For more articles;
Art And Science Of Deception; Global Corporations And The 1% 




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