Debunking Fears and Misconceptions About Nuclear Energy

Episode #321 | July 31, 2023

Episode #321 | July 31, 2023

Debunking Fears and Misconceptions About Nuclear Energy

In This Episode

On this week's Stansberry Investor Hour, Dan and Corey are joined by an anonymous guest referred to as "Doomberg." He's the head writer of financial newsletter Doomberg and is devoted to remaining anonymous. Doomberg – founded in 2021 by a team of financial consultants, researchers, and former industry executives – aims to highlight the fundamental aspects that are often overlooked in economic and policy decisions.

Dan and Corey kick off the podcast by discussing the likelihood that the Federal Reserve will keep raising interest rates. Despite a surprisingly healthy-looking gross domestic product, inflation is still above the Fed's 2% target, and gasoline prices are now at an eight-month high. Dan remarks...

The more inflation persists... the more likely they are to continue hiking.

Dan also wonders whether the economy will stay healthy and the stock market will remain in mega-bubble territory considering that the current fed-funds rate will probably be kept in place until at least 2024... "This is the most hawkish it has looked," he comments. However, Corey mentions that at the Fed's recent meeting, where it hiked rates by 25 basis points, Chairman Jerome Powell let some "subliminal thoughts" on inflation slip. These thoughts provide a hint to what the Fed may be planning from here.

Next, Doomberg joins the conversation to discuss why he and the rest of his team have decided to remain anonymous... plus how anonymous brands "let the research and editing speak for itself." After that, he shares his thoughts on Ontario's energy-strategy document and how the province is far ahead of the U.S. in its energy journey...

Ontario is a decade ahead of the U.S... Why do we need to waste a trillion [dollars] before we get to what everybody knows is the right answer? And yet, unfortunately, it looks like we will.

Doomberg then discusses his take on climate change. He mentions that he's bullish on the human spirit and the ingenuity required to fight climate change. That said, he believes it's unfair to minimize the impact that modern human development has had on the environment. The state of industrial pollution, for example – especially in China – is a real-world scandal.

We impact the climate. Pollution is a scandal. The effects of climate change over the long term are far more likely to be economically reacted to as opposed to prevented.

When addressing the issue of Western corporations dealing with Chinese producers, Doomberg points out the hypocrisy in overlooking environmental regulations. He notes that these practices have contributed to China's dominance in certain industries, which furthers global climate concerns.

Finally, Doomberg concludes with the prospect of a gold-backed currency and nuclear power. He and Dan discuss the ongoing anti-nuclear propaganda and the need to reevaluate the public perception of nuclear energy as a viable and safe solution to climate change. Doomberg emphasizes the significance of a well-informed and balanced approach to navigating the climate-change conversation...

The greatest thing that people who are worried about carbon emissions and climate change could do to affect that is to unwind the negative propaganda that suffocates the civilian nuclear-power industry.