Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

August 14, 2019 | Russian Nuclear Scare, Chernobyl, and Lies

Lobo Tiggre, aka Louis James, is the founder and CEO of Louis James LLC, and the principal analyst and editor of the Independent Speculator. He researched and recommended speculative opportunities in Casey Research publications from 2004 to 2018, writing under the name “Louis James.” While with Casey Research, he learned the ins and outs of resource speculation from the legendary speculator Doug Casey. Although frequently mistaken for one, Mr. Tiggre is not a professional geologist. However, his long tutelage under world-class geologists, writers, and investors resulted in an exceptional track record. The average of the yearly gains published for the flagship Casey publication, the International Speculator, was 18.5% per year during Tiggre’s time with the publication. A fully transparent, documented, and verifiable track record is a central feature of IndependentSpeculator.com services going forward. Another key feature is that Mr. Tiggre will put his own money into the speculations he writes about, so his readers will always know he has “skin in the game” with them

My wife and I just watched the highly acclaimed HBO miniseries, Chernobyl. In the very first minutes, she paused the show to point out tiny details that showed how accurately the producers captured life in Soviet times. For instance, the scientist at the center of the story takes out his trash in a bucket with no plastic bag inside, because plastic bags cost money.

There was, of course, some Hollywood silliness. I also suspect that the more apocalyptic aspects of the show were exaggerated. Perhaps the writers wanted to scare people away from nuclear power…

But this is the really interesting thing about the story. It’s really not anti-nuclear power at all—it’s anti-Soviet. Or more precisely, it’s anti-totalitarian and anti-secret police. This is a very important message that’s conveyed powerfully by the show.

Nuclear power wasn’t the problem. Even the design quirk that resulted in the Chernobyl explosion wasn’t really the issue. If the plant operators had known about that quirk, the explosion wouldn’t have happened.

The real cause of the explosion were the Soviets’ secrets and lies.

When reports started circulating last week that there might have been another Chernobyl, the silence from the Russian authorities made me want to scream.

Didn’t they learn anything?!

As the protagonist says at the beginning of Chernobyl:

“Every lie we tell incurs a debt to the truth. Sooner or later that debt is paid.”

You can find more great quotes here.

But, given that is was an experimental nuclear weapon that blew up, not a commercial power plant, I have to admit that other governments would not likely have been any quicker to fess up. That the Russians did admit the truth and have now ordered an evacuation of the region gives me some small hope for the future.

Humanitarian concerns aside, I find this is all worth pondering, given my speculative investments in uranium. Another Chernobyl accident would have prompted me to exit those trades immediately. As the reality was nothing of the sort, and uranium prices have not fallen in response, I remain long.

As for the show, I do recommend Chernobyl to any who have not seen it.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

August 14th, 2019

Posted In: Louis James

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.