Last year, Elliott Management's Paul Singer highlighted "one risk that stands way above the rest in terms of the scope of potential damage adjusted for the likelihood of occurrence" - an electromagnetic pulse (EMP). As Michael Snyder previously details, our entire way of life can be ended in a single day. And it wouldn’t even take a nuclear war to do it. All it would take for a rogue nation or terror organization to bring us to our knees is the explosion of a couple well-placed nuclear devices high up in our atmosphere. The resulting electromagnetic pulses would fry electronics from coast to coast.
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).
A good friend of mine, Jen Bawden, is currently sitting on a committee of notable political, security and defense experts -- which includes past and present members of Congress, ambassadors, CIA directors, and others -- who are equally concerned about this same threat and have recently sent a letter to Obama pleading for action to protect the US grid.
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