This Market Is Screaming, “Bargain!”
Editor’s note: Today and tomorrow, we’re sharing a brand-new essay from Crisis Investing editor Nick Giambruno. It’s a mysterious story that almost no one knows about…and it involves the world’s most hated and distressed resource market.
As you’ll see, it’s the ultimate crisis investment right now…
By Nick Giambruno, editor, Crisis Investing
This is not fiction…
It’s not a conspiracy theory…
It’s a plausible explanation for a mysterious event that actually happened.
On the evening of May 28, 1993, an enormous blast rocked the Australian Outback. It measured 3.9 on the Richter scale and sent shock waves out hundreds of miles. Truck drivers and gold prospectors in the area saw the dark sky light up with a bright flash.
I only heard about the incident a few months ago, when Doug Casey and I met a shadowy figure with deep connections to the US government in a café in Kiev, the capital of Ukraine. He and his colleagues within the US military and intelligence community are 100% convinced that this strange event was actually Aum Shinrikyo—a Japanese doomsday cult—testing a nuclear weapon.
If he was right, then it was the first time a non-state actor had ever detonated a nuclear bomb.
It was such an extraordinary claim that, at first, I didn’t even think it possible. No one I knew had ever heard of it. And I’d never seen it in the news, though I later discovered that outlets like The New York Times did cover it decades ago—buried somewhere in the back pages.
Aum Shinrikyo, which means Supreme Truth, is a religious movement that started in Japan in 1984. They believe in a doomsday prophecy where World War 3 ushers in a nuclear Armageddon. Of course, only their group survives, and they go on to rule the world.
Aum gained global notoriety in 1995 when it attacked the Tokyo subway system with sarin gas, a deadly nerve agent. The attack, which was meant to spark a Japanese civil war, killed 12 people and injured thousands. It was the first chemical weapons attack by a non-state actor.
The Tokyo subway attack surprised Japan and other world governments, and they rushed to learn more about the group.
It turns out Aum was not just a small group of vulnerable people with strange views. The cult had ballooned to over 50,000 converts in at least six countries and acquired over $1 billion in assets.