Today’s Sprott’s Thoughts were previously published in the May 2013 issue of Bonner & Partner’s Family Office Strategic Review (www.bonnerfamilyoffice.com).
The Game Changer
“In March 2011, a catastrophic earthquake devastated Japan. Near the quake’s epicenter, a nuclear complex called Fukushima sustained major damage and then took a devastating blow from a tsunami. The consequences were horrific. For only the second time in history (Chernobyl being the first), a major nuclear plant failed. And more importantly, the radiation containment integrity failed – causing widespread damage and global hysteria.”
The natural catastrophe had a major political impact, as the nuclear reactor failure brought back the chilling memory of the Chernobyl nuclear disaster, Rick states: