President Obama

Insider

Sounding The Alarm On The Country's Vulnerability To An EMP

Establishment insiders are worried we're too vulnerable
Monday, June 1, 2015, 11:29 PM

In the past here at Peak Prosperity, we’ve written extensively on the threat posed by a sustained loss of electrical grid power. More specifically, we've warned that the most damaging threat to our grid would come from either a manmade or natural electromagnetic pulse (EMP).

Recently, we've been contacted by a well-connected group of powerful people who have formed a commission to study the matter, and have recently made a public and urgent appeal in an open letter to President Obama to take this threat seriously. » Read more

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"The Government Comes Up With the Money"

A mindset that's killing our economy
Wednesday, January 29, 2014, 12:48 AM

I'm half-heartedly watching the State of the Union address right now. What a cynic I've become.

My younger self would be shocked and saddened to learn how I've come to view these annual addresses as little more than a game of charades. The President (not just Obama, but his predecessors, too) reads a carefully and expensively constructed script designed either to elicit self-congratulatory applause from the echo chamber side of the hall, or to lob political harpoons into the other.

But in the end, it's nothing more than a game of words. And the real issues that desperately need addressing get ignored, glossed over, or showered with pablum and over-promises that will never materialize. » Read more

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The Obama Administration's Natural Gas Policy Is Tragically Misguided

Waste that will haunt future generations
Thursday, May 9, 2013, 7:26 PM

The Obama administration has come out in support of the idea of exporting U.S. natural gas.  This stance is counterproductive, short-sighted, and if followed will prove harmful to domestic manufacturing (i.e., value generation) not just now, but for future generations of Americans.

While exporting natural gas would certainly prove to be an economic boon for a very select minority of companies and individuals, it makes no sense from an energy standpoint and undermines our national interests. All it will do is enrich a few, while boosting prices for all domestic consumers and shortchanging the energy and environmental inheritance we pass along to our children. » Read more

Insider

Off the Cuff: Nonsensical Logic

We don't support what we claim to value
Wednesday, January 23, 2013, 8:57 PM

In this week's Off the Cuff podcast, Chris and I discuss:

  • Market Mania
    • Our "no worries" financial  markets
  • Nonsensical Logic
    • From Japan's monetary strategy to Obama's inaugural speech
  • The Managed Rise in the Price of Precious Metals
    • Intentional, yet unsustainable, manipulation
  • The Really, Really Big Picture
    • Peak "cheap" oil, "net" energy crisis, and flow rates