Podcasts about hidden forces

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Best podcasts about hidden forces

Latest podcast episodes about hidden forces

Hidden Forces
The Effect of China's Reopening on Global Growth & Inflation | Shehzad Qazi

Hidden Forces

Play Episode Listen Later Jan 30, 2023 44:30


In Episode 295 of Hidden Forces, Demetri Kofinas speaks with Shehzad Qazi, the Managing Director of China Beige Book, which provides institutional investors and corporate decision-makers with market-leading insights derived directly from their nationwide proprietary data on the Chinese economy. China Beige Book CEO Leland Miller was previously on Hidden Forces to talk about the impact of Covid-19 on China's economy and banking system, the latter of which has been a persistent source of weakness for the country's growth prospects. He and Demetri also discussed some of the geopolitical consequences that could potentially flow from the ongoing global disruptions caused by the pandemic and the effects on China's highly levered real estate market. Today's conversation with Shehzad Qazi picks up where that conversation with Leland Miller left off. With the Chinese economy's long-awaited reopening potentially picking up steam and the US and Europe possibly teetering on the edge of recession, the health of the Chinese economy remains the predominant demand variable driving the market's expectations for inflation and commodity prices globally. Shehzad shares with us what he and his team are seeing in terms of growth expectations for 2023 and why markets seem to be having such a difficult time pricing the risks associated with China's covid re-opening and its effect on the prices of key commodities such as oil, copper, and iron ore. He and Demetri also discuss the ongoing impact of geopolitical tensions on global supply chains and the effect of recent export controls on China's semiconductor industry. This is the latest in a series of episodes that we have published over the years on China's economy, its political system, and the challenges to US-China relations. You can find other such related podcasts on this week's episode page, where you can also access to the second part of today's conversation by joining one of our three content tiers. This gives you access to our premium feed which you can use to listen to the second part of today's conversation on your mobile device using your favorite podcast app. You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page. If you still have questions, feel free to email info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 01/24/2023

Hidden Forces
What Comes After Secular Stagnation? | Barry Eichengreen

Hidden Forces

Play Episode Listen Later Jan 23, 2023 48:03


In Episode 294 of Hidden Forces, Demetri Kofinas speaks with Distinguished Professor of Economics and Professor of Political Science at UC Berkeley, Barry Eichengreen. In his first appearance on this podcast nearly five years ago, Dr. Eichengreen discussed the legacy of the Great Moderation, a multi-decade period of low inflation and positive economic growth that lasted between the mid-1980s and the onset of the Great Financial Crisis. Since then, developed economies have experienced a period of lackluster growth known as “secular stagnation,” characterized by historically low-interest rates, persistently low inflation, and growing levels of social and political instability. The question that Dr. Eichengreen and Demetri wrestle with in this conversation is whether the current period of higher inflation and rising interest rates is a temporary phenomenon or if we are entering a new economic paradigm where sovereign debt levels become unmanageable, multilateral cooperation breaks down, and state power grows at the expense of capital and labor. Their conversation includes a discussion about the future of the US dollar, the potential internationalization of the Chinese Yuan, the crisis brewing in the Japanese bond market, and the role of gold and other commodities as potential reserve assets in a world where fiat-based collateral comes increasingly under stress. You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page. If you still have questions, feel free to email info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 01/17/2023

The ICANdemy podcast: A place for people who CAN, don't know how but believe everything is figureoutable.

Hey Mogul! Happy new year. Hope you all had a restful holiday. With each new year comes new opportunities to grow and become who God has called us to be This week I discuss three hidden forces that may hinder our growth this year if left unidentified. With awareness and mitigation of these forces, exponential growth is achievable. Tune in to listen. You'll learn to recognize factors that can impair our growth and how to avoid them. We hope you enjoy this episode and that it blesses you. If you are a new listener to the Icandemy podcast, we would love to hear from you. Send us an email at hello@icandemy.org or leave us a voice message on our website (http://www.icandemy.org) and let us know how we can help you today! Finally, please take a minute to leave us an honest review and rating on iTunes or anywhere you listen to your podcast xoxo, Vic Listen on Apple Podcasts, Google Podcasts, Spotify, Soundcloud, Stitcher This episode is brought to you by: The Courageous Confidence Workshop. Awaken Your Inner Giant, 10x your impact, income and become unstoppable. LOOKING TO START AN ONLINE EDUCATION BUSINESS? Access the free class at: https://learn.icandemy.org/case-study P.S. Check out the 4 Video training blog post on the C.O.R.E Foundations For Selling Online Courses and Offers that attracts and retains raving fans. https://www.icandemy.org/blog P.P.S. Join us for the next MOGUL Mastermind in Feb 2023. We have a few spots left! https://mogul.icandemy.org/sign-up Related Episodes: EP 69: How to develop skills and ability for growth. EP 70: The 4 stages of growth Pt 1. EP 71: The 4 stages of growth Pt 2 (The Google case study) EP 72: The three ingredients for exponential growth. GROWTH RESOURCES: Crack the Confidence Code, Awaken Your Inner giant, Show up Authentically And Attract Your Tribe! https://offers.icandemy.org/courageous Discover Exactly How To Make Your First $10K+ Online As A New Coach With No Social Media Following, Massive Email List, Or Raving Testimonials. https://learn.icandemy.org/case-study Write Faster Emails: Save Time and Brain Juice with an Arsenal of Conversion-Focused Email Templates That Makes the Writing Process Easy Peasy. https://evault.icandemy.org/templates Increase Your Visibility, Generate Quality Leads And Sales On Demand. https://offers.icandemy.org/client-attraction-bundle Good Medicine Book https://bit.ly/goodmedicinebook   FREE RESOURCES: THINKING OF STARTING AN ONLINE EDUCATION BUSINESS? https://offers.icandemy.org/110-online-business-idea-swipe Build A System That Gets You Clients And Sales On Autopilot (Step by step guide) https://go.icandemy.org/blueprint Struggling to make sales in your business? https://offers.icandemy.org/perfectbuyer36379166 FACEBOOK COMMUNITY: https://www.facebook.com/groups/icandemy/?epa=SEARCH_BOX   THE ICANDEMY SCHOOL: Step 1: Crack the Confidence Code, Awaken Your Inner giant, Show up Authentically And Attract Your Tribe! https://offers.icandemy.org/courageous Step 2: Go From BROKE To BANK In 90 Days Or Less! https://mogul.icandemy.org/sign-up Step 3: Systemize and Create an Automated Sales Engine that sells your product 24/7 on autopilot https://go.icandemy.org/automated-rev-sales-page   CONTACT US: hello@icandemy.org

Hidden Forces
How Sanctions and Export Controls Weaponize Global Trade & Finance | Agathe Demarais

Hidden Forces

Play Episode Listen Later Jan 16, 2023 46:52


In Episode 293 of Hidden Forces, Agathe Demarais, the Global forecasting director at the Economist Intelligence Unit (EIU) and author of Backfire, joins us for a discussion about the ripple effects of US sanctions and export controls, how they are reshaping the global economy by weaponizing trade and finance, and the steps that countries are taking to insulate themselves from the US Dollar-based global financial and trading system. This episode is part of a series of conversations that we've curated on the role and future of the US dollar, the reorganization of international trade along geopolitical lines, and the evolving impact of great power competition on global trade and finance. In the first hour of their conversation, Agathe and Demetri discuss the origins and evolution of US sanctions policy and how it has been applied successfully and unsuccessfully in countries like Cuba, North Korea, Iran, and Russia. The discussion on Russian sanctions continues into the second hour where Agathe and Demetri also explore the subject of export controls and the US Commerce department's recent announcement that it would be restricting the ability of China's economy to obtain or otherwise manufacture specific high-end semiconductor chips used in many military and commercial technologies and applications. They also discuss what China, Russia, and other members of an emergent “anti-American” coalition of nation-states are doing to try and insulate their economies and financial systems from the US dollar and Western sanctions. You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page. If you still have questions, feel free to email info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 01/11/2023

Hidden Forces
Navigating the Converging Worlds of Macro & Geopolitics | Roger Hirst & Jacob Shapiro

Hidden Forces

Play Episode Listen Later Jan 9, 2023 51:45


In Episode 292 of Hidden Forces, Demetri Kofinas speaks with Roger Hirst and Jacob Shapiro. Roger has spent over two decades on the equity derivative desks at various investment banks and is currently the Managing Editor of Real Vision Creative Studios. Jacob is Partner & Director of Geopolitical Analysis at Cognitive Investments and Founder and Chief Strategist of the business and political risk consulting firm Perch Perspectives. Both Roger and Jacob are part of a small and highly talented team of content creators at financial media company Lykeion, where they co-author a monthly research publication focused on the converging worlds of Geopolitics & Macro. The first hour of today's conversation is devoted to a discussion about the move from a unipolar world order to a multipolar one. The forces that are bringing that multipolarity about and its impact on global security, international trade and commerce are a key part of that conversation, as is Russia's war in Ukraine and the future of the European Union. In the second hour, Roger and Jacob give their assessments on what all of this means for the global economy and the market opportunities available to investors. This includes a conversation about inflation, the bull case for commodities, investment opportunities in emerging markets, central bank policy, and much more. You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page. If you still have questions, feel free to email info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 01/02/2023

The Jordan Harbinger Show
774: Jonah Berger | The Hidden Forces that Shape Behavior

The Jordan Harbinger Show

Play Episode Listen Later Jan 5, 2023 Very Popular


Jonah Berger (@j1berger) has spent over 15 years studying how social influence works and how it drives products and ideas to catch on. He’s a marketing professor and author, and his new book is Invisible Influence: The Hidden Forces that Shape Behavior. [Note: This is a previously broadcast episode from the vault that we felt deserved a fresh pass through your earholes!] What We Discuss with Jonah Berger: We like to believe we’re so special that our choices are driven by personal preferences and opinions; the fact of the matter: other people have an influence over almost everything we do. Rather than seeing influence as negative and manipulative, we should understand how to use it as a toolkit for making better decisions. Sometimes we allow our social groups or cultural upbringing to influence us toward underachievement. Learn the one trick that allows negotiators to be five times more successful. How do we protect ourselves from undesired influence? And much more… Full show notes and resources can be found here: jordanharbinger.com/774 Sign up for Six-Minute Networking — our free networking and relationship development mini course — at jordanharbinger.com/course! Like this show? Please leave us a review here — even one sentence helps! Consider including your Twitter handle so we can thank you personally!

Hidden Forces
Turkey-Syria & the New Geopolitics of the Greater Middle East | Joshua Landis

Hidden Forces

Play Episode Listen Later Jan 2, 2023 52:56


In Episode 291 of Hidden Forces, Demetri Kofinas speaks with Joshua Landis. Landis is the director of the Center for Middle East Studies at the University of Oklahoma and a widely recognized Syria expert. He was last on the podcast over three years ago to discuss the then-ongoing invasion of northern Syria by the Turkish military and the long-term withdrawal of American forces from the Middle East and Central Asia. The background for today's conversation are the ongoing negotiations between Turkey, Russia, and Syria and President Erdoğan's desire to expand Turkey's military presence in northern Syria. Erdoğan's stated aim is to create a larger buffer zone in which to transfer Syrian refugees and from which to defend Turkey from the threat posed by an independent Kurdish state aligned with elements of The Kurdistan Workers' Party (PKK). Ankara's jingoistic rhetoric may be in part responsible for bringing Russia and Syria to the table and we may be on the verge of a reset in Turkish-Syrian relations and a reproachment between President Recep Tayyip Erdoğan and President Bashar al-Assad. The implications of such a reset would be profound for the Syrian people and is further evidence of Turkey's bid for strategic autonomy. It is also reflective of the emerging geopolitical complexities of the Middle East and Europe, which have only been exacerbated by the war in Ukraine. Joshua Landis and Demetri spend the first hour of their conversation focused mostly on the historical antecedents of the conflict in Syria and the larger American presence in the Middle East. They devote the second hour to assessing long-term prospects for Turkey as a regional power, the role of the EU and NATO as counterbalancing forces to Turkish aggression in the Aegean, and the prospects for normalization of relations between Turkey and Syria and what this means for the US and Europe long-term. You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page. If you still have questions, feel free to email info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 12/29/2022

Know Your Risk Radio with Zach Abraham, Chief Investment Officer, Bulwark Capital Management

Demetri Kofinas, the host of the Hidden Forces podcast, joins Zach for a year in reviewSee omnystudio.com/listener for privacy information.

Hidden Forces
What Is Silvergate Capital & Why Does It Matter? | Edwin Dorsey

Hidden Forces

Play Episode Listen Later Dec 28, 2022 3:00


In Episode 290 of Hidden Forces, Demetri Kofinas speaks with Edwin Dorsey. Edwin is the author of “The Bear Cave,” a financial newsletter focused on exposing corporate misconduct that regularly moves markets and is cited frequently in Bloomberg terminal breaking news alerts. Edwin was recently profiled in Institutional Investor and is part of a wave of new authors on Substack who are changing the landscape of financial journalism. Today's conversation focuses on Silvergate, a little-known but very important bank that recently found itself under investigation by US Senators Elizabeth Warren, Roger Marshall, and John Kennedy for its role in facilitating the movement of funds critical to the operations of Sam Bankman-Fried's failed crypto Exchange, FTX. Silvergate describes itself as the "leading bank for innovative businesses in FinTech and cryptocurrency," but its main business appears to have been facilitating payments between crypto hedge funds like Alameda and crypto exchanges like FTX. It already faces at least one class action lawsuit, alleging that the company aided and abetted FTX's fraudulent activities and breaches of the exchange's fiduciary duty through improper transfers, and through the lending and commingling of user funds. This evolving story extends well beyond Silvergate and helps you piece together some of the larger story that we have been trying to tell on this podcast in the last few months. If you want to listen to it, you can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page. If you still have questions, feel free to email info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 12/21/2022

Hidden Forces
Are We Headed Towards a Monetary Breakdown? | Jeff Snider

Hidden Forces

Play Episode Listen Later Dec 26, 2022 55:59


In Episode 289 of Hidden Forces, Demetri Kofinas speaks with Jeff Snider. Jeff is Chief Strategist for Atlas Financial and co-host of the Eurodollar University podcast where he untangles the inner workings of the global monetary and Eurodollar reserve currency system with implications for policymakers and investors. The public often takes for granted the Federal Reserve's ability to end economic recessions by engaging in what is popularly referred to as “money printing.” Unfortunately, the reality is much more complicated and Jeff and Demetri spend the first hour of their conversation explaining what makes it so and why it matters. They spend the second hour of their conversation discussing what a recession will look like in 2023-2024, how bad it could get, and why it could lead to a monetary breakdown as we transition from a world of perpetual QE to one of permanent fiscal stimulus. What this means for investors and the value of our money is a critical part of their discussion and one you do not want to miss. You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and takeaway's at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page. If you still have questions, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 12/22/2022

Hidden Forces
Why You Should Care About the Twitter Files | Renée DiResta

Hidden Forces

Play Episode Listen Later Dec 19, 2022 63:52


In Episode 288 of Hidden Forces, Demetri Kofinas speaks with Renee DiResta about the recent revelations stemming from the Twitter Files, why we should care about them, and what we can do to fix the problems of unaccountable censorship and misinformation on social media. Renée is the technical research manager at the Stanford Internet Observatory, where she investigates the spread of narratives across social media and how actors leverage these networks to exert influence. She has advised Congress, the State Department, and other academic, civic, and business organizations, and has studied disinformation and computational propaganda in the context of pseudoscience conspiracies, terrorism, and state-sponsored information warfare, which makes her the perfect person to speak to about this incredibly important and timely topic. For those who are unfamiliar with this story, Elon Musk, who recently purchased Twitter for 44 billion dollars invited Bari Weiss, Matt Taibbi, Michael Shellenberger, and several other journalists to look into the Twitter archives. What they found has confirmed many of the pre-existing beliefs of the American right, who see the published internal Twitter communications as evidence that partisan executives took deliberate actions to limit access to information and voices that could damage Democrats. The most salient argument here is that Twitter put its thumb on the scale by removing certain prominent accounts from trending, through suppression of both search and amplification. Even if the intent wasn't partisan, the impact was. At least, that's the way the right sees it. On the left, the Twitter Files are being dismissed as a “nothing burger,” or at least as not revealing anything that we didn't already know about for years. Defenders note that Twitter's terms of service say that the company limits the reach of certain posts in select cases and that Musk himself advocates for a similar policy. Indeed, Musk recently suspended the accounts of several journalists on the platform, including Lenett Lopez, whose social media account he raided four years ago. These defenders add further that Weiss provided anecdotes, rather than a comprehensive investigation, so it's impossible to conclude that such limitations were slanted in one direction or another. Demetri wanted to use this opportunity to shift the conversation away from politics and towards something more constructive by speaking to both sides of the political spectrum. In their conversation, Kofinas and DiResta discuss a wide range of social, philosophical, and policy issues related to social media, including ways of bringing more transparency and accountability to these technology platforms. If you want access to the second hour of today's conversation, you can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of our Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can do that through our subscriber page as well. If you have further questions, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 12/15/2022

Hidden Forces
How Much of Crypto Is a Criminal Conspiracy? | James Block

Hidden Forces

Play Episode Listen Later Dec 15, 2022 2:49


In Episode 287 of Hidden Forces, Demetri Kofinas speaks with James Block. James is the author of Dirty Bubble Media, a popular substack account that publishes critical thought pieces about the crypto industry and which was recently featured in an Atlantic magazine article titled, “Crypto Was Always Smoke and Mirrors.” In this conversation, Demetri and James discuss what they believe is a multi-billion dollar criminal conspiracy that involves money laundering, tax evasion, sanctions evasion, and other forms of illicit activity that sits at the very heart of the crypto ecosystem. One of the challenges that comes with trying to cover the seedy underbelly of crypto is that you are forced to wade through an almost infinite amount of evidence, much of which is circumstantial. The bankruptcy of FTX however, has produced new, critical pieces of information that investigators are using to sketch out the contours of this organization, the players involved, and the extent of conspiracy in ways that had previously proven difficult or impossible. It is a story that we have not heard discussed anywhere else, at least not in the framework that you are going to learn about today. It is precisely this framework that Demetri believes will help you better understand what is actually going on here. You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want access to our Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 12/14/2022

Hidden Forces
China's Plan to Decouple From the US Dollar | Diana Choyleva & Dinny McMahon

Hidden Forces

Play Episode Listen Later Dec 5, 2022 45:15


In Episode 286 of Hidden Forces, Demetri Kofinas speaks with Diana Choyleva and Dinny McMahon, the co-authors of a comprehensive new report that examines China's plans to decouple from the dollar-based global trading and financial system. In this conversation, Choyleva and McMahon discuss Beijing's rationale for wanting to transform the renminbi into an international currency, how the Chinese communist party is striving to make that transformation, why it might prove unattainable, and what progress we can expect them to make over the coming decade. Regardless of whether the yuan proves capable of challenging US Dollar hegemony, the changes that Beijing is pursuing will have a profound impact on the functioning of trade and financial markets around the world. These changes will create new challenges for governments, businesses, and investors. Understanding what these challenges are, the steps that Beijing will take to overcome them, and how policymakers in the US and Europe will respond is crucial to making any reliable forecast about the future of the international political economy. If you want to listen to the second part of this conversation, which includes a discussion about the digital renminbi, how Beijing is trying to institutionalize yuan outflows and increase international demand for the yuan, and policy prescriptions for Western governments you can do that by becoming a subscriber to one of our three content tiers at HiddenForces.io/subscribe. All subscribers get access to our premium feed which you can listen to on your phone using your favorite podcast app just like you are listening to this episode right now. If you want to join in on the conversation and become a member of our Hidden Forces Genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 12/01/2022

The New Happy
The Hidden Forces Shaping Your Life

The New Happy

Play Episode Listen Later Nov 30, 2022 3:50


There's a very good reason why we struggle to achieve our goals: we're at the mercy of hidden forces. In this episode, learn the science behind why behavior change can be so difficult and discover a new way to approach your goals that actually works.

Hidden Forces
Crypto Contagion, Genesis, & the FTX-USDT Connection | Coffeezilla

Hidden Forces

Play Episode Listen Later Nov 28, 2022 57:02


In Episode 285 of Hidden Forces, Demetri Kofinas speaks with Stephen Findeisen, a fraud investigator who goes by the pseudonym "Coffeezilla” and runs an eponymous YouTube channel dedicated to exposing scams, con artists, and fraudsters. His work has been widely covered in the media including on the BBC and VICE and Coffeezilla himself was recently profiled in a feature article for the New Yorker. Stephen's investigations into FTX, Tether, Digital Currency Group, and the continued fallout and contagion sparked by the collapse of Luna and other related crypto companies, hedge funds, and lending platforms are the subjects of today's incredibly timely conversation. Coffeezilla and Demetri recorded this episode on the afternoon of Friday, November 25th, and spent the first half bringing everyone up to speed on the latest developments. In the second hour, they do a deep dive into the crypto firm Genesis and its parent company DCG, including the important role played by the Grayscale Bitcoin Trust in serving as collateral for much of the firm's counterparty exposure. They also devote a great deal of time discussing the stablecoin Tether, otherwise known by its acronym USDT and some of the recent revelations that have emerged from the FTX-Alameda bankruptcy. These revelations include suspicious and troubling connections between Sam Bankman-Fried's empire, his political relationships, and the executives and proprietors of several corporate entities based both in and outside of the Bahamas, including a US Federally insured bank (Moonstone) in Washington state that has become the source of immense speculation. You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want access to our Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 11/25/2022

The Property Couch
418 | The Hidden Forces Driving Property Values

The Property Couch

Play Episode Listen Later Nov 24, 2022 104:40


“Property is a voting machine in the short term and a weighing machine in the long term.”  Folks, these words form the beginning of one of our most important episodes (and also our LAST formal episode for 2022!!

Hidden Forces
America 2024, Ukraine Politics, & the Ubermensch | Marshall Kosloff

Hidden Forces

Play Episode Listen Later Nov 21, 2022 51:28


In Episode 284 of Hidden Forces, Demetri Kofinas speaks with Marshall Kosloff, the co-host of the Realignment podcast about the recent mid-terms, Trump's announcement that he's running for President of the United States in 2024, the politics of the Ukraine war, and an Ubermensch culture in tech that has influenced conversations about US domestic and foreign policy. The underwhelming performance of republicans in the 2022 mid-term elections has cast into doubt many pundits' expectations about the strength of the Republican party and Trump's own electability in 2024. What caused the underwhelming performance of Republicans in the mid-terms and whether or not that weakness will continue in the next election cycle is something that Demetri and Marshall discuss in the first hour of their conversation today. The second hour is primarily a conversation about the politics of the Ukraine war and the rise of what Demetri describes as a new “Ubermensch” or “Superman” culture in tech. This culture, which intersects with elements of transhumanism, promotes its own version of global governance and a “transnational homelessness” that Demetri believes is antithetical to the wishes and desires of most people on earth. You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want access to our Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 11/17/2022

The Ross Kaminsky Show
11-15-22 *INTERVIEW* Hidden Forces Pod's Demetri Kofinas on Collapse of FTX

The Ross Kaminsky Show

Play Episode Listen Later Nov 15, 2022 18:18


Hidden Forces
The Downfall of FTX and Crypto's Path Forward | Vance Spencer & Michael Anderson

Hidden Forces

Play Episode Listen Later Nov 14, 2022 54:40


In Episode 283 of Hidden Forces, Demetri Kofinas speaks with Vance Spencer and Michael Anderson about the downfall of FTX, the political back-story behind Sam Bankman-Fried's legislative push to build a regulatory moat around his business empire, and the path forward for the crypto industry. As the crisis at FTX was unfolding, Vance received a call from none other than Sam Bankman-Fried. The two had never spoken before, but Vance had become recently critical of Sam's efforts to lobby Washington for regulation that many felt would benefit him and his companies at the expense of everyone else in the industry. The legislation that SBF was pushing for would be particularly detrimental to the ecosystem of crypto known as decentralized finance or “DeFi” for short. Cashing in on the tens of millions of dollars that he spent to curry favor with lawmakers, Fried spent his time behind the scenes persuading them to pass a bill known as the ‘Digital Commodities Consumer Protection Act.' Sponsored by Senators Debbie Stabenow and John Boozman, the DCCPA would, according to some of its critics, make it impossible for open source developers to function within the U.S., limit access to decentralized financial products and applications for U.S. consumers, and create a regulatory monopoly for FTX in the United States. On their call Sam stated multiple times that if the DCCPA didn't go through the S.E.C. was going to come after everyone. It was going to come after the DeFi projects and it was going to come after some of Framework's own investments. Sam Bankman-Fried was explicit, telling Vance Spencer that Framework would be “materially harmed if they did not get on side.” This was apparently part of a larger narrative being pushed by Sam Bankman-Fried in the months leading up to his phone call with Spencer. It's what Ryan Selkis, founder of crypto market intelligence firm Messari, described in a recent tweet as a “committed contingent of crypto policy people that want you to know that the Big Bad Wolf of Gary Gensler is coming to get you if the DCCPA doesn't pass.” At the same time there were rumors circulating that regulators may have somehow been working on behalf of SBF. Specifically, US representative Tom Emmer of Minnesota tweeted out a few days ago that there were reports coming into to his office suggesting that the chairman of the SEC was “helping SBF and FTX work on legal loopholes to obtain a regulatory monopoly.”  To our knowledge, Tom Emmer has not put forward any evidence to support his claims and no one on this call—not Demetri, Michael, or Vance—is making that assertion. While the facts of this story are still coming together, what we have learned thus far gives credence to every bias and suspicion that most Americans have about their government and the corrupting influence of money in Washington. It's at the heart of everything that's gone wrong with our political system and it's a big part of why extremists on both the left and right of the political spectrum have gained the support of an increasingly radicalized electorate. Demetri's hope with this conversation, besides telling a newsworthy story, is to prevent the narrative from being hijacked and recast as the case of some rogue, evil genius that we can easily blame for a problem that is systemic in nature. Yes, Sam Bankman-Fried a bad dude, but our system rewards bad dudes. And too often it punishes good ones. We need to change that. If we want to see a positive change in our country—whether in crypto, finance, the media, or in the nation's capital—we have to work together to fix the problem. And we have to hold people accountable, including ourselves, because in a democracy there is no one else. You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want access to our Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 11/11/2022

Hidden Forces
Who is Sam Bankman-Fried and What Really Happened at FTX? | Marc Cohodes

Hidden Forces

Play Episode Listen Later Nov 12, 2022 4:11


In Episode 282 of Hidden Forces, Demetri Kofinas speaks with famed short seller Marc Cohodes about Sam Bankman-Fried, the recent bankruptcy of FTX, and the bigger story behind the alleged fraud that he and his network of enablers have perpetrated. Marc Cohodes has famously exposing numerous corporate frauds at great personal expense and risk to himself and his family. So, when Cohodes began raising the alarm earlier this year by publicly calling FTX a scam, while describing Sam Bankman-Fried as a fraudster, many of us took notice. During this time, Sam Bankman-Fried was largely seen as the new golden child of crypto. He spent the last several years cultivating a cultish following and rubbing shoulders with some of the most powerful people in the world. He was the second largest donor to Joe Biden's 2020 presidential campaign behind only George Soros and worked hand-in-glove with politicians and policymakers to regulate the crypto industry in a manner that would favor him, his companies, and his network of financial enablers. On its surface, this looks like your typical financial fraud case. And in some sense, it is. But there are elements to this story that are uniquely suspicious, like Sam's own origins and how he developed his wealth to begin with. The origins of his co-founder Gary Wang—who no one talks about—and the backgrounds of other members of his organization including chief compliance officer Dan Friedberg and chief operating officer Constance Wang also raise concerns. How this otherwise disheveled multi-billionaire who reportedly sleeps on a futon in the Bahamas came to exercise so much political influence and hold so many ownership stakes in companies and venture funds in and outside of crypto remains a mystery. But it's a story that Marc Cohodes has been working on for almost a year and it is the focus of today's explosive conversation. You can gain access to our premium feed and listen to today's episode by subscribing to any one of our three content tiers at HiddenForces.io/subscribe. This will give you access to our entire episode library which you can listen to on your phone using your favorite podcast app just like you are listening to this episode right now If you want access to our Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 10/10/2022

Hidden Forces
Energy Security, Geopolitics, & the New Energy Order | Meghan O'Sullivan & Jason Bordoff

Hidden Forces

Play Episode Listen Later Nov 7, 2022 55:46


In Episode 281 of Hidden Forces, Demetri Kofinas speaks with Meghan O'Sullivan and Jason Bordoff. Meghan O'Sullivan is a former deputy national security adviser on Iraq and Afghanistan. She is currently Jeane Kirkpatrick Professor of the Practice of International Affairs at Harvard Kennedy School and a board member of the Belfer Center for Science and International Affairs at Kennedy School. She sits on the board of directors at Raytheon and the Council on Foreign relations, and is the North American Chair of the Trilateral Commission. Jason Bordoff is the Co-Founding Dean of the Columbia Climate School, the Founding Director of the Center on Global Energy Policy, and Professor of Professional Practice in International and Public Relations at Columbia University. Jason also served as Special Assistant to President Barack Obama and Senior Director for Energy and Climate Change on the Staff of the National Security Council, and, prior to that, held senior policy positions on the White House's National Economic Council and Council on Environmental Quality. Our episode today focuses on energy policy and the immense challenges inherent in trying to balance national security concerns with international climate objectives. As Meghan and Jason have both argued, moving to a net-zero global economy will require an unprecedented level of global cooperation. It will also lead to conflict along the way and inevitably produce winners and losers. While government investment and private sector innovation is crucial to managing this transition, conscious steps need to be taken in order to mitigate the geopolitical risks that this change will create, of which the war in Ukraine is only the latest example. The goal of today's conversation is to provide you with a framework for thinking about what this transition is going to look like, the challenges and opportunities that it will create along the way for governments, business, and investors, and what will be needed from all of us in order get it right. You can access the transcript and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you want access to our Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can learn more at HiddenForces.io/subscribe. If you have further questions, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 10/31/2022

Opto Sessions: Stock market | Investing | Trading | Stocks & Shares | Finance | Business | Entrepreneurship | ETF

Get Opto's best content every day, by subscribing to our FREE Newsletter: www.cmcmarkets.com/en/opto/newsletterMichael Kao is CIO and Portfolio Manager of the Kao Family Office and is well-known for coining ‘the Dollar Wrecking Ball', a metaphor to describe Dollar hegemony.Having traded commodities at J.Aron and Goldman in the early 90s, Michael's worldview embraces the significance of Oil. And subsequent experiences at Canyon Partners, a credit-oriented hedge fund, as well as the launch of his own investment firm, Akanthos Capital Management, leave Michael uniquely placed to provide a truly holistic view of what moves markets.While the US Dollar has appreciated enormously against a basket of international currencies, from Pound Sterling to the Japanese Yen, I ask Michael if the Dollar is too strong for its own good, and if so, how long could this historic Dollar strength last? Enjoy!Check out Michael's discussion on Demetri Kofinas's Hidden Forces: https://hiddenforces.io/podcasts/dollar-milkshake-wrecking-ball-brent-johnson-michael-kao/Thanks to Cofruition for consulting on and producing the podcast. Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter------------------Past performance is not a reliable indicator of future results.CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment, or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person.The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.CMC Markets does not endorse or offer opinions on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

Hidden Forces
What are the Politics of a Fed Pivot? | Nick Timiraos

Hidden Forces

Play Episode Listen Later Nov 2, 2022 54:11


In Episode 280 of Hidden Forces, Demetri Kofinas shares the the audio from a live Q&A call that he recently hosted for members of the new Hidden Forces Genius tier with Wall Street Journal chief economics correspondent Nick Timiraos. These calls are part of our Investor Roundtable series and include discussions with experts who our members would like to hear more from and who they would like to have the chance to ask questions to directly. We had a chance to discuss some of the news coming out ahead of the FOMC meeting this week, including increased calls for the Fed to slow its rate of tightening and concerns about the Fed's long-term independence in the face of political pressure. You can access transcript to this investor roundtable by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you want access to our Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can learn more at HiddenForces.io/subscribe. If you have further questions, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 10/26/2022

Hidden Forces
How Does China See the World? | Kaiser Kuo

Hidden Forces

Play Episode Listen Later Oct 31, 2022 55:09 Very Popular


In Episode 279 of Hidden Forces, Demetri Kofinas speaks with Kaiser Kuo. Kaiser is the host and co-founder of the Sinica Podcast, the editor-at-large of The China Project, and the former director of international communications for Baidu, China's leading search engine. How does China see the world? What do we get wrong when talking about China? What are the central diving forces in Chinese politics? And what “does China want?”  While concrete answers to such complex social and political questions are illusive, grappling with them is essential if we want to find a peaceful way through what is becoming an increasingly dangerous period in US-China relations. The goal of this conversation is to provide you with a more circumspect and culturally informed perspective on China. You will learn about the country's history, the lived experience of its people, their assumptions, values, and beliefs about the world and their place in it, and to learn to see ourselves and the world from China's eyes. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you want access to our Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can learn more at HiddenForces.io/subscribe. feel free to send an email to info@hiddenforces.io and I or someone from our team will right back to you. If you have further questions, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 10/24/2022

Hidden Forces
Conspiracy Theories: Why the Rational Believe the Irrational | Michael Shermer

Hidden Forces

Play Episode Listen Later Oct 26, 2022 54:49


In Episode 278 of Hidden Forces, Demetri Kofinas speaks with Michael Shermer. Michael is the Founding Publisher of Skeptic magazine. He hosts his own podcast, “The Michael Shermer Show,” and is the best-selling author of books like “The Believing Brain, “Giving the Devil His Due,” “The Moral Arch,” “The Mind of the Market,” and many more. Shermer's latest book titled "Conspiracy: Why the Rational Believe the Irrational" presents an overarching review of conspiracy theories—who believes them, why, which ones are real, and what we should do about them. Long a fringe part of the American political landscape, conspiracy theories are now mainstream: 147 members of Congress voted in favor of objections to the 2020 presidential election based on an unproven theory about a rigged electoral process promoted by the mysterious group QAnon. But this is only the latest example in a long history of ideas that include the satanic panics of the 1980s, the New World Order and Vatican conspiracy theories, fears about fluoridated water, speculations about President John F. Kennedy's assassination, and the notions that the Sandy Hook massacre was a false flag operation and 9/11 was an inside job. The purpose of today's conversation is to provide you with a framework for thinking about conspiracies—what they are, the different types of conspiracies that exist, and why we believe in them. You will also learn how to distinguish between real conspiracies and imagined ones and what we can do as a society to tilt the information landscape toward producing more accurate models of the world without resorting to censorship or the policing of thought and information. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you want access to our Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can learn more at HiddenForces.io/subscribe. feel free to send an email to info@hiddenforces.io and I or someone from our team will right back to you. If you have further questions, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 10/21/2022

Hidden Forces
The Rise of the Global Dollar System | Perry Mehrling

Hidden Forces

Play Episode Listen Later Oct 24, 2022 74:06


In Episode 277 of Hidden Forces, Demetri Kofinas speaks with Perry Mehrling. Dr. Mehrling is Professor of International Political Economy at the Pardee School of Global Studies, Boston University, where he teaches courses on global money. He is perhaps best known for having pioneered the so-called “money view,” an economic framework that attempts to put the real-world practitioners' view of financial markets into an academic perspective. Mehrling's most recent book, “Money and Empire,” is in some sense a biography of the US Dollar told through the life and times of the renowned economic historian, Charlie Kindleberger. The book traces the evolution of Charlie's thinking alongside the rise of the international dollar system. It's an illuminating history of the economic forces of international trade and finance and how those forces shape and are shaped by the politics of national interest. The goal of today's conversation is to help deepen your understanding of a system that has proven to be far more resilient than many of its critics and most ardent supporters could have possibly imagined. What has made the system so strong, the challenges that could impede its function, and the role of politics and war in accelerating changes to it are all topics that we explore today.  You can access the full episode, transcript, and intelligence report of this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you have questions about our genius tier, which includes access to the Hidden Forces community, Q&A calls with guests, in-person events, and dinners, you can learn more at HiddenForces.io/subscribe. If you have further questions, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 10/10/2022

Hidden Forces
The Rise of the Global Dollar System | Perry Mehrling

Hidden Forces

Play Episode Listen Later Oct 17, 2022 2:34


In Episode 277 of Hidden Forces (Premium Only), Demetri Kofinas speaks with Perry Mehrling. Dr. Mehrling is Professor of International Political Economy at the Pardee School of Global Studies, Boston University, where he teaches courses on global money. He is perhaps best known for having pioneered the so-called “money view,” an economic framework that attempts to put the real-world practitioners' view of financial markets into an academic perspective. Mehrling's most recent book, “Money and Empire,” is in some sense a biography of the US Dollar told through the life and times of the renowned economic historian, Charlie Kindleberger. The book traces the evolution of Charlie's thinking alongside the rise of the international dollar system. It's an illuminating history of the economic forces of international trade and finance and how those forces shape and are shaped by the politics of national interest. The goal of today's conversation is to help deepen your understanding of a system that has proven to be far more resilient than many of its critics and most ardent supporters could have possibly imagined. What has made the system so strong, the challenges that could impede its function, and the role of politics and war in accelerating changes to it are all topics that we explore today.  You can access the full episode, transcript, and intelligence report of this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you have questions about our genius tier, which includes access to the Hidden Forces community, Q&A calls with guests, in-person events, and dinners, you can learn more at HiddenForces.io/subscribe. If you have further questions, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 10/10/2022

RTÉ - Mooney Goes Wild
Hidden forces in the deep

RTÉ - Mooney Goes Wild

Play Episode Listen Later Oct 10, 2022 26:30


"The Earth's climate system is so complex that it is possible for a seemingly tiny change to result in a relatively sudden and often drastic response." So claims Dr. Andrew Keane of University College Cork's School of Mathematical Sciences and Environmental Research Institute.

Hidden Forces
How to Prepare the World for a Peaking China | Michael Beckley & Hal Brands

Hidden Forces

Play Episode Listen Later Oct 10, 2022 55:23


In Episode 276 of Hidden Forces, Demetri Kofinas speaks with Michael Beckley and Hal Brands, the authors of a recently published book titled “Danger Zone,” about how to prepare America and the world for a peaking China. The book argues that the conventional wisdom about the long-term strategic threat that China poses to the existing international order is fundamentally wrong. If a war between the US and China is to break out, it could happen much sooner than the US defense establishment prepared for. Hal Brands and Michael Beckley's basic thesis is that China is at a perilous moment in its development as a great power: strong enough to violently challenge the existing order, yet increasingly losing confidence that time is on its side. Witness its aggression toward Taiwan, its record-breaking military buildup, and its efforts to dominate the critical technologies that will shape the world's future. While a new cold war with China may last decades, both Beckley and Brands believe that the crucial battle that could determine much of what that war will look like may well be decided before the end of this decade. This episode is meant to help establish what it would take to win a battle over Taiwan and demonstrate to the leadership in Beijing that attempting to change the status quo in Asia would not only likely result in failure for China but almost certainly in the catastrophic destruction of the global economy and the permanent political isolation of the Chinese Communist Party.  If you want access to the second part of today's conversation, which focuses on actionable steps, war planning scenarios, and thought experiments on how such a war could be waged and won, as well as the transcripts and intelligence reports, which include my takeaways from every episode, as well as my thoughts on what comes next, head over to HiddenForces.io  select the episode that you're interested in and click on the premium extras, where you can then sign up to one of our premium content tiers. All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you have questions about our genius tier, which includes access to the Hidden Forces community, Q&A calls with guests, in-person events, and dinners, you can learn more at HiddenForces.io/subscribe. If you have further questions, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 09/28/2022

Hidden Forces
Dollar Milkshake Wrecking Ball | Brent Johnson & Michael Kao

Hidden Forces

Play Episode Listen Later Oct 4, 2022 108:55


In Episode 275 of Hidden Forces, Demetri Kofinas publishes the audio from a recent Twitter Spaces event featuring Brent Johnson and Michael Kao, who were both later joined on stage by Michael Nicoletos and Michael Howell for a dynamic conversation about the explosive appreciation in the relative value of the US Dollar, the sources of Dollar strength, and what could bring an end to its role as the main global reserve currency. Brent Johnson is CEO of Santiago Capital and the author of the “Dollar Milkshake Theory.” Michael Kao is CIO and Portfolio Manager of Kao Family Offices and is well-known for coining “the Dollar Wrecking Ball” as a similar metaphor for describing the dynamics of Dollar hegemony. Michael Nicoletos is a macro investor and the founder and fmr. CIO at AppleTree Capital and Michael Howell is the CEO of CrossBorder Capital and a regular contributor and active member of our Hidden Forces Genius community which you can learn more about at HiddenForces.io/subscribe. Over the last six months, the US Dollar has appreciated tremendously against a basket of international currencies, from the pound sterling and the euro to the Japanese yen and Chinese yuan. Because of the Dollar's outsized role as a global funding currency, Dollar strength often translates into foreign weakness, not just for other currencies, but for their respective economies and asset markets as well. The goal of this conversation is to help deepen your understanding of the dynamics driving Dollar strength, the consequences for the global economy and asset markets the longer it continues, and what the possible end-game could be for economies and governments. You can access the transcripts and intelligence reports of previous episodes by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you have questions about our genius tier, which includes access to the Hidden Forces community, Q&A calls with guests, in-person events, and dinners, you can learn more at HiddenForces.io/subscribe. If you have further questions, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 10/03/2022

Hidden Forces
The Battle Over Semiconductors & US-China Competition | Chris Miller

Hidden Forces

Play Episode Listen Later Oct 3, 2022 54:21


In Episode 274 of Hidden Forces, Demetri Kofinas speaks with Chris Miller. Chris is Associate Professor of International History at the graduate school of global affairs at Tufts University. He is also the author of Chip War, which chronicles the geopolitical history of a decades-long battle to control the modern world's most critical resource: the microchip (or semiconductor) and the commercial industry that supports it. We spend the first hour discussing the technological, commercial, and distributional characteristics of the existing semiconductor supply chain. Chris explains the various steps involved in the production process, the incentives that operate in the industry, the technological imperatives that inform investment decisions, and the role of government subsidies and regulations, all of which explain the globally distributed and highly efficient nature of the semiconductor industry and why it is more vulnerable than ever to geopolitical disruption. The second hour is where we focus our attention on the geostrategic dimension of chip competition, the steps that are being taken to reorganize the industry, the efforts being made to build resiliency into various parts of the supply chain, and what the main challenges are to doing that successfully for both the US and China. The goal of this conversation is to bring clarity to a subject that has not only captivated the public interest but which increasingly determines the national security priorities and strategic investment decisions of the United States and without which the modern world would cease to function. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you have questions about our genius tier, which includes access to the Hidden Forces community, Q&A calls with guests, in-person events, and dinners, you can learn more at HiddenForces.io/subscribe. If you have further questions, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 09/27/2022

Hidden Forces
Why There Are Reasons To Be Hopeful About America | Scott Galloway

Hidden Forces

Play Episode Listen Later Sep 26, 2022 65:31


In Episode 273 of Hidden Forces, Demetri Kofinas speaks with Scott Galloway. Scott is a professor of marketing at NYU's Stern School of Business, a serial entrepreneur, a prolific media personality, and the author of four books. His most recent book, titled “Adrift,” attempts to tell the story of America—from the end of world war two to the present day—in order to understand how we arrived at this precarious moment in our nation's history, the challenges that lie before, and what it will take to navigate those challenges successfully. So that we can emerge from this period with our nationhood and humanity intact. As Demetri has said on this podcast many times, in a democratic society power ultimately rests with the people. It's a cliché, but it's true. When things don't feel like they are working out, we can either throw up our hands and blame somebody else or we can make the effort to engage constructively on the challenges that confront all of us. Today's episode is a roadmap to understanding what some of those challenges are, where they come from, how to address them, and why there are reasons to be hopeful about America and the future of this imperfect experiment that is democracy. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you have questions about our genius tier, which includes access to the Hidden Forces community, Q&A calls with guests, in-person events, and dinners, you can learn more at HiddenForces.io/subscribe. If you have further questions, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 09/19/2022

Hidden Forces
The Rise of Inflation & the Great Demographic Reversal | Charles Goodhart

Hidden Forces

Play Episode Listen Later Sep 19, 2022 2:54


In Episode 272 of Hidden Forces, Demetri Kofinas speaks with economist and author Charles Goodhart. Professor Goodhart is widely recognized for his contributions to the fields of monetary economics and central bank policy and is famously associated with what we commonly refer to as “Goodhart's Law,” the stipulation that any observed statistical regularity ceases to function as an objective or accurate measure the moment that it becomes a target of public policy. Both professor Goodhart and his co-author and former colleague Manoj Pradhan recently coauthored a book titled “The Great Demographic Reversal,” which puts forward a compelling and controversial argument about the long-term effects of an aging society on inflation, interest rates, investment, savings, and consumption, as well as economic growth and public policy decisions related to things like taxes and government spending—all of which are discussed in today's episode. The main argument put forward by both authors is that the inevitable decline in dependency ratios caused by aging demographics will lead to structural, long-term increases in interest rates and inflation that will strain government finances and jeopardize the policy-making independence of central banks as their mandates to control inflation come increasingly into conflict with the objectives of politicians and national governments.  The objective of today's episode is to more fully explore the arguments and assumptions that Charles Goodhart and his co-author make in their book, the evidence in support of their conclusions, and the implications of their findings and projections for the economy, investors, and governments. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 09/14/2022

Bankless
136 - WWIII vs the Machines | Demetri Kofinas

Bankless

Play Episode Listen Later Sep 12, 2022 94:00 Very Popular


✨ DEBRIEF ✨ | Unpacking the Episode: https://shows.banklesshq.com/p/debrief-demetri  ------ Demetri Kofinas is a digital entrepreneur and host of the Hidden Forces Podcast, one of our favorites.  Demetri has a broad perspective on geopolitics, which we explore as we discuss the probability of a World War 3, diplomacy among superpowers, and surviving the rise of the machines. Have we lost the ability to solve hard problems as a species?  ------

Hidden Forces
Secular Inflation & the End of the Great Moderation | Nick Timiraos

Hidden Forces

Play Episode Listen Later Sep 12, 2022 50:35


In Episode 271 of Hidden Forces, Demetri Kofinas speaks with Nick Timiraos, the chief economics correspondent for The Wall Street Journal, where he covers the Federal Reserve and U.S. economic policy. Timiraos is also the author of Trillion Dollar Triage, a detailed account of the day-by-day and sometimes hour-by-hour policymaking by Federal Reserve officials during the heights of the Covid-19 pandemic and subsequently between 2020-2021.  The first part of this conversation focuses on the immediate concerns that investors have about Fed policy and the path of interest rates. This includes a discussion about inflation targeting and inflation expectations, personnel and the centralization of policymaking at the Fed, and tradeoffs between economic growth, financial stability, and inflation. In the second hour, Demetri and Nick discuss quantitative tightening, balance sheet capacity, and how this Fed would react to inadvertently “breaking something” in the plumbing of the financial system. They also discuss fiscal and monetary collaboration, the ability or inability to get inflation under control long-term without stabilizing government debt, the Fed put, the stock market, and much, much more. Demetri's goal in this conversation was to ask as many questions and learn as much as possible about how this Fed sees the challenges that lie before it, what data and information are most relevant to Fed officials when deciding how to set policy, how they think about tradeoffs, and how Jay Powell specifically, understands or thinks he understands the financial system and his role as Chairman of the most powerful central bank in the world. There are few people as qualified to answer these questions as Nick Timiraos and this conversation does not disappoint. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 09/07/2022

Hidden Forces
Oil Market Update Report & Live Q&A | Rory Johnston

Hidden Forces

Play Episode Listen Later Sep 8, 2022 50:48


In Episode 270 of Hidden Forces, Demetri Kofinas speaks with Rory Johnson, a widely quoted researcher and expert in global commodities markets and founder of Commodity Context.com. This episode is a preview of what subscribers to the new Hidden Forces “Genius” Tier will have access to on a regular basis. This new tier will include live, quarterly calls with guests and researchers whose work Demetri relies on to help him navigate markets and make educated investment decisions for his own portfolio. The tier is scheduled to launch later this month and will also include, among other things, a first-class community purpose-built for real-team quality interaction; video recaps by Demetri provided after every episode; priority access to in-person events; and regular Q&A calls where subscribers will be able to interact with and ask questions of both Demetri and his guests in real-time. Demetri will be making a formal announcement on the podcast when this new tier goes live. If you want to learn a bit more about it in the meanwhile, Rory and Demetri spend some time at the top of the podcast today discussing it before getting into Rory's latest research on the state of the oil complex and what he's seeing in terms of supply/demand dynamics and market positioning. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 09/02/2022

Hidden Forces
Navigating a World Trapped Between Scarcity & Abundance | Mike Green

Hidden Forces

Play Episode Listen Later Sep 5, 2022 60:14


In Episode 269 of Hidden Forces, Demetri Kofinas speaks with portfolio manager & chief strategist at Simplify Asset Management, Mike Green. Mike is a deep thinker and so much of what he has to say is value-additive. It illuminates some aspect of the market or some socio-political phenomenon or dynamic that has profound explanatory power. Today's conversation was no exception. The two spent the first hour discussing a number of topics that Demetri has explored on his podcast before, including topics related to corporate vs. state power, the role of government in the economy, the lack of leadership in government, and the types of reforms needed to resolve some of the structural challenges that our political economy faces. The second hour, which is available to premium subscribers only, drills deeper into the conversation about corporate power, as well as the roles and responsibilities of media personalities and organizations in serving the public interest. Demetri and Mike also discuss inflation, its drivers, as well as how to maintain optionality while at the same time protecting oneself from sovereign credit risk, something that is top of mind for those of you concerned about the long-term status of the US Dollar and all fiat currencies. This is especially true if you believe that we have transitioned into a new inflationary regime with structurally higher consumer prices and costs of capital. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 08/30/2022

Hidden Forces
Machine Intelligence, Humanity, & the Will to Power | Demetri Kofinas

Hidden Forces

Play Episode Listen Later Aug 29, 2022 31:36


In Episode 268 of Hidden Forces, Demetri Kofinas replays a monologue that he wrote and first published nearly five years ago about the future of humanity, machine intelligence, and the power process. When he began Hidden Forces, Demetri was primarily concerned with exploring some of the recent advancements in technology and humanity's scientific understanding of both the external world, as well the internal one that gives rise to the human experience. He believed (and still does) that many of the socio-cultural and political changes that we were experiencing in the world were being strongly influenced and shaped by these advancements, which is why so many of our early episodes were philosophical in nature, dealing with questions of epistemology, identity, and meaning. In preparing for his recent conversation with director Alex Lee Moyer, Demetri was inspired to go back and listen to a monologue that we published nearly five years ago and which dealt directly with some of these more philosophical questions. The monologue was rooted in a set of observations about the role of digital technology and machine intelligence in shaping our experience of the world, our sense of agency, and our very notions of what it means to be a human being. The monologue is even more relevant today than it was in 2017 when he first wrote it. We are living through an extortionary moment in human history. Nothing short of our humanity is at stake, whether from the growing possibility of total war, the creeping security state and surveillance capitalism, or even just the abject apathy and nihilism that seems to be infecting more and more of society. If you are a listener of this show, then these issues concern you directly, and while you may not be the CEO of Google or the head of the Federal Communications Commission, your input, activism, and engagement on these issues will be a decisive factor in determining not only the quality of our future, but the quality of the world that we leave for our children and grandchildren. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 12/15/2017

Hidden Forces
Alex Jones & the War on Information | Alex Lee Moyer

Hidden Forces

Play Episode Listen Later Aug 22, 2022 77:44


In Episode 267 of Hidden Forces, Demetri Kofinas speaks with Alex Lee Moyer the filmmaker behind “Alex's War,” an excellent new documentary about Alex Jones, the founder of Infowars. Alex is an incredibly controversial cultural figure and media personality whose popularity and influence have become especially difficult to measure since he was banned from YouTube and most every other major media and social media platform in 2018. Jones granted Moyer unprecedented access for a documentary that is truly unique in both its political appeal and in how it intimately captures parts of Alex's life that very few people outside of his immediate community have been able to experience. It is an exploration of our relationship to truth and our distrust of mainstream institutions that grapples gracefully with the broader cultural and political moment that we are living through as a country. This episode is meant to expose you to many of the cultural cross-currents that inform some of the political and social views of millions of Americans, with the goal of advancing our understanding of one another and helping to bridge the cultural divide that seems to be tearing our country apart. You can access the transcript and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 08/15/2022

Hidden Forces
The Price of Time in a World Without Interest | Edward Chancellor

Hidden Forces

Play Episode Listen Later Aug 15, 2022 53:33


In Episode 266 of Hidden Forces, Demetri Kofinas speaks with financial historian, journalist, and author Edward Chancellor. For the last twenty years, Chancellor has been arguably known best for his book, “Devil Take the Hindmost,” which is a fantastic history of the last 400 years of financial speculation. Yet, that streak may be soon coming to an end with the publication tomorrow of his latest book, “The Price of Time,” an absolutely brilliant philosophical exploration of interest and its essential role in valuing and directing the allocation of capital, labor, and resources in the economy over time. Interest rates have sometimes been described on this podcast and elsewhere as the “price of money.” While this definition is useful, it fails to capture the temporal dimension of interest rates and the role that they play in expanding the continuum of economic activity, cooperation, investment, and consumption beyond the immediate grasp of the present moment. The ability to accumulate capital in the form of money enables us to operate outside of entropy's constraints—we aren't limited in other words by the decomposition or decay of a sack of barley, a barrel of oil, or a concrete building. But in order to value that capital through both space and time, we need something more. And that something is interest: the price you pay to borrow money or the cost you charge to lend it over time. Over the last two decades the price of time has plummeted to levels never before seen in human history and with it have arrived a multiplicity of asset price bubbles, a reduction in productivity growth, rising wealth and income inequality, a discouragement of savings, a growth in supply chains, and an excessive amount of risk-taking encouraged by the acrobatics of yield-starved investors in search of decent return. In this excellent and timely conversation, you are going to learn about the history of interest and its historical role in promoting human cooperation, economic activity, and advancement. You are also going to learn about how interest is priced, where it comes from, and the difference between the so-called “natural rate” of interest and what central banks have claimed as their policy lever to control the scale, scope, and distribution of capital in society. In the second hour of our conversation which is available to premium subscribers only, Edward Chancellor and Demetri Kofinas apply the framework that they develop in the first part of the episode to help you understand where we find ourselves today, whether or not central banks and governments can indeed use their policy tools to fix the very problems that those tools have to help create, what some of those solutions and the path forward could look like, and what all of this means for you and your portfolio. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 08/09/2022

Hidden Forces
Why Global Liquidity Matters Now More Than Ever | Michael Howell

Hidden Forces

Play Episode Listen Later Aug 8, 2022 54:09


In Episode 265 of Hidden Forces, Demetri Kofinas speaks with Michael Howell. Michael is the CEO of CrossBorder Capital, a London-based, independent research and investment company that provides asset allocation and capital markets advice to institutional investors. This conversation is a natural follow-up to our recent episodes with Lev Menand on the shadow banking system and Eric Basmajian on economic cycles. Specifically, the credit cycle and its leading impact on the economy and asset prices. But this conversation with Michael also pulls directly from other episodes as well with guests like Michael Pettis on global trade and finance, Claudio Borio on financial instability, Brent Johnson on the Revenge of the Dollar, James Aitken on Digital Currency and the Pivot to Asia, Russel Napier on the New Economic Order and the Asian Financial Crisis, and of course, one of my absolute favorites, a conversation with Kevin Coldiron, Tim Lee, and Jamie Lee on the role of the US Dollar as an international funding currency and as the primary driver of recurring systemic crises in the international financial system. Global liquidity is a term that every single person working in finance and in financial media has not only heard of but has probably used at one point or another. And yet, if you were to ask most people what this term means or what it refers to they would be hard pressed to give you a clear or uniform answer. This is because the drivers of global liquidity, namely the financial and exchange rate relationships within and between countries and the determinants of cross-border flows of money, securities, goods and services, are constantly changing. In the process, they have become, in the words of Michael Howell, “the new weapons in the escalating Capital Wars between the U.S., Europe, and China,” the last of which has a vested interest in not only the long-term stability of the international financial system but perhaps even the eventual aim of displacing the Dollar in favor of the Yuan as the fulcrum around which international trade and commerce is eventually invoiced and credited The goal of today's conversation is not only to help you gain a deeper appreciation for what global liquidity is and the geopolitical and economic forces driving it but to also help you understand how it impacts you and your portfolio directly through the outsized role that it has on shaping economic outcomes and asset prices. This comes at a time when this very liquidity is receding faster than at any point since the Great Financial Crisis and by some measures, even quicker. You can access the full episode, transcript, and intelligence report to this week's conversation, along with the additional material provided by Michael Howell by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 08/02/2022

Hidden Forces
How to Prepare for the Next Taiwan Strait Crisis | Dmitri Alperovitch, Elbridge Colby, & Jamil N. Jaffer

Hidden Forces

Play Episode Listen Later Aug 5, 2022 82:15 Very Popular


In Episode 264 of Hidden Forces, Demetri Kofinas publishes the contents of a call that he hosted on Twitter Spaces this past Tuesday evening only hours after Nancy Pelosi, the US Speaker of the House of Representatives arrived in Taiwan. The subject of the call concerns both the short and long-term consequences of Pelosi's trip and whether or not the US is ready to defend Taiwan in the event of a Chinese naval blockade or invasion of the island by the People's Liberation Army. Speakers Dmitri Alperovitch, Elbridge Colby, and Jamil N. Jaffer discuss how the US can prepare for this eventuality, the urgency of the task at hand, and the possibility and consequences of the US losing a war with China over Taiwan in the next few years. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 08/02/2022

Hidden Forces
A Recession, More Inflation, or Both? | Eric Basmajian

Hidden Forces

Play Episode Listen Later Aug 1, 2022 57:28 Very Popular


In Episode 263 of Hidden Forces, Demetri Kofinas speaks with Eric Basmajian. Eric is an economic cycle analyst and the Founder of EPB Macro Research, an economics-based research firm focusing on inflection points in economic growth and the impact on asset prices. His research has been featured across major financial media outlets and he's been kind enough to provide a sample of his latest cyclical trends monthly update report for premium subscribers to our super nerd tier that you can get through this week's episode page on our website. This conversation is the latest in a series of episodes on markets and investing, with an especially strong focus this time on the macro economy, and in particular, the secular and cyclical trends in the rate of growth and inflation. Secular forces are things like demographics, debt-to-GDP levels, trends in globalization, and the regular and predictable doubling in computing power commonly referred to as Moore's Law—long-term trends in other words that remain in place through multiple economic cycles. Cyclical trends on the other hand are the 6-18 month fluctuations in growth determined by things like income, production, consumption, and employment. We can anticipate changes in the direction and magnitude of these trends by relying on a variety of what are known as leading as well as coincident economic indicators, things you've probably heard of before like building permits, new manufacturing orders, non-farm payrolls, personal consumption, industrial production, etc. Understanding where you are in an economic cycle and what the long-term, secular forces are that are pulling you or pushing you in any particular direction is as important to investors as the weather and the ocean currents are to the navigator of a sailboat. They inform the allocation strategies and performance expectations for a variety of asset classes, business models, and policy choices over time. Today's conversation will expose you to a framework for thinking about the macroeconomy that is empirical, data-oriented, and very much based in reality—one that you can use to forecast major economic inflection points and their resulting impact on asset prices, a valuable tool for anyone trying to manage his or her portfolio or make informed investment decisions. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 07/26/2022

Hidden Forces
Global Macro in an Age of Great Power Conflict | Demetri Kofinas

Hidden Forces

Play Episode Listen Later Jul 28, 2022 53:25


In Episode 262 of Hidden Forces, I (Demetri Kofinas) share an interview I recently gave on “The Breakdown” with Nathaniel Whittemore, but not before delivering an important message, which has to do with a new Hidden Forces community tier that we will be launching. I'm excited to announce that we will be launching a new Hidden Forces community tier where you'll be able to get immediate access to me, my thoughts, special content, etc., along with private events that will include opportunities to ask questions directly to my guests and to me in real-time. We are giving you a preview of that experience this coming Wednesday, August 3rd, from 6:30 PM — 8 PM EST when I will be hosting a live video Q&A over zoom. Anyone can join and ask me pretty much any question they want so long as it is relevant to the podcast. The zoom call is open to anyone but we are limiting the number of people who can join this time just to keep things manageable. You can secure your spot on the list by going to HiddenForces.io/events and registering right now. The title of the event is “Investing Between the Wars,” and while listeners are free to ask any question they like, the focus of the Q&A is on how the changing political and geopolitical landscape is affecting your life and investments. Indeed, this is the subject that Nathaniel Whittemore and I discussed in my recent appearance on “The Breakdown.” I shared some of my own views and perspectives on markets and geopolitics as well as how I've incorporated my macro views of the political economy into my own investment decisions. The Breakdown is a daily analysis podcast that explores themes in macroeconomics, bitcoin, geopolitics, and the big picture power shifts affecting the world. You can find it on any major podcast platform and at coindesk.com/podcasts and you can follow Nathaniel on Twitter at @NLW. You can access the transcript to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 07/18/2022

Hidden Forces
American Defense in an Age of Great Power Conflict | Elbridge Colby

Hidden Forces

Play Episode Listen Later Jul 25, 2022 62:50 Very Popular


In Episode 261 of Hidden Forces, Demetri Kofinas speaks with Elbridge Colby, co-founder and principal of The Marathon Initiative, an organization whose mission is to develop the diplomatic, military, and economic strategies that the United States will need to navigate a protracted era of great power competition. Colby has also served as US Deputy Assistant Secretary of Defense for Strategy and Force Development and was the chief architect of the 2018 National Defense Strategy (NDS), which was by some estimates the most significant revision of U.S. defense strategy since 9/11, if not since the end of the Cold War. This is a conversation about the national security challenges that Elbridge Colby believes we face as a country, their urgency, and what is needed in terms of practical changes to our strategic objectives, the organization of our national defense, what we prioritize, and perhaps most importantly, our sense of mission, unity, and national purpose. Kofinas and Colby spend the first hour laying out the nature and scope of these challenges as they pertain to the Chinese Communist Party in particular, and to the degree that it acts in unison with Chinese objectives, the Russian Federation as well. The second hour is broken into two parts, the first of which covers specifics on how to meet the challenge, while the second focuses on Taiwan where Elbridge makes the case for why he believes that an attack on the island nation by China is not only likely but may come much sooner than most pundits and military planners expect. The consequences of such an attack would not only be destabilizing for the current equilibrium in Asia, but could escalate into a global kinetic conflict with hypersonic missiles, space warfare, cyber-attacks, and God forbid, the use of nuclear weapons. Preventing such scenarios from unfolding should be at the very top of our list of national priorities. Today's conversation is mean to help inform you about just how salient this threat is and what we can and perhaps should do about it. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 07/19/2022

Hidden Forces
What's Driving the Price of Oil? A Supply-Side Story | Rory Johnson

Hidden Forces

Play Episode Listen Later Jul 21, 2022 3:02


In Episode 260 of Hidden Forces, Demetri Kofinas speaks with Rory Johnson. Rory is a widely quoted researcher and expert in global commodities markets. His work includes a variety of research and investment projects including his commodity market research platform at Commodity Context Dot Com, as well as both public market portfolio and private equity strategy at Price Street. This episode is for premium subscribers only and is part of an ongoing series of conversations that I've been curating with guests focused on investment themes and opportunities in the commodities complex. The goal of this conversation is to provide you with a more critical look at the supply side story in oil, refined products like gasoline and diesel, and to a lesser degree natural gas, including drivers of end-use demand for these commodities. The demand-side picture is much more difficult to project, as it requires assumptions about growth, monetary policy, and the further implementation of sanctions on Russian energy supplies. These are subjects we explored in recent episodes with Helen Thompson on Energy Geopolitics and Ian Bremmer on how to fight a geopolitical recession and are featured in the related tab on this week's episode page on our website. Rory and Demetri also discuss some of the financial data compiled by Rory in his most recent Global Oil Data Deck including calendar spreads and speculative positioning in major crude contracts and how we can use that information to help us anticipate the direction of and volatility in oil prices going forward. For premium subscribers to our super nerd tier, Rory has provided you with an abridged version of his data deck for the month of July which publishes in full on his commodity context substack today. You can access the full episode and transcript, along with the abridged version of Rory's Global Oil Data Deck by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 07/14/2022

Hidden Forces
Turkish-Greek Relations & Battle Over the Eastern Mediterranean | Ryan Gingeras

Hidden Forces

Play Episode Listen Later Jul 18, 2022 61:46 Very Popular


In Episode 259 of Hidden Forces, Demetri Kofinas speaks with Ryan Gingeras, a professor in the Department of National Security Affairs at the Naval Postgraduate School and an expert on Turkish, Balkan, and Middle East history. Gingeras has authored six books on Turkish history and culture, including his forthcoming, “The Last Days of the Ottoman Empire,” which is scheduled for release by Penguin in October 2022. In recent years, Turkey has become an X-factor of sorts in global politics. Its president, Recep Tayyip Erdoğan, has attracted the ire of liberal-minded politicians and his transactional political style has raised questions about Turkey's dependability as a NATO ally and about its long-term commitment to the rules-based international order. This is obviously a concern for the United States and NATO, but there is perhaps no country for whom Turkey's long-term orientation Westward carries more existential importance than Greece, which has been on the receiving end of escalating Turkish provocations and territorial violations of its internationally recognized maritime borders and airspace. This comes during a time when Turkish cooperation within NATO itself has become a bargaining chip of sorts that Ankara has used to further its own strategic objectives, as seen most recently in negations over Finish and Swedish membership. This conversation has two primary objectives. The first is to give you an understanding of the historical, political, and geostrategic forces responsible for driving Turkish foreign policy today, including the intellectual foundations for its more assertive, revanchist, and perhaps even expansionist ambitions—concepts and doctrines such as “strategic depth” and Mavi Vatan or “Blue Homeland,” which inform and explain much of Turkey's policy in the broader Middle East, Africa, and the Aegean. The second objective is to expose you to how the Middle East, Europe, and North Africa could evolve territorially in a world without NATO or where the post-WWII liberal international order continues to degrade or comes apart entirely. While this has more immediate implications for Greece, it also risks altering the larger territorial landscape of Eurasia in ways that most people would have found unimaginable at the beginning of the 21st century. What this could mean for citizens in these territories, for the politicians responsible for making policy within the various countries affected, and for investors and businesses looking to put capital to work in them cannot be understated. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 07/05/2022

Hidden Forces
Rise of Shadow Banking & Risks of a Financial Crisis | Lev Menand

Hidden Forces

Play Episode Listen Later Jul 14, 2022 62:15 Very Popular


In Episode 258 of Hidden Forces, Demetri Kofinas speaks with Lev Menand, author of “The Fed Unbound: Central Banking in a Time of Crisis.” Menand is an associate professor of law at Columbia Law School who has worked as an economist at the Federal Reserve Bank of New York and as a senior advisor to both the Deputy Secretary of the Treasury and the Assistant Secretary for Financial Institutions. He joins Demetri for an important and timely conversation about the US Dollar and the evolution of the international financial system into a kind of Frankenstein's monster whose appendages and doppelgängers reach into the deepest recesses of the global economy. Dollar balances and dollar-based lending by institutions not regulated by the Federal Reserve—what we broadly refer to as the shadow banking system—have grown so large over the years that no one, not even the Fed, can actually quantify them. For most of us, awareness of just how dangerously complex the modern banking system has become was made clear fourteen years ago with the onset of what we now call “The Global Financial Crisis,” a supposedly once-in-a-lifetime event that almost repeated itself during the early days of the Covid-19 pandemic when the Fed came to the rescue of markets to stop yet another financial panic that threatened to bring down the global financial system. Panics like these ultimately stem from a fear or inability on the part of financial counterparties to settle claims and honor liabilities. With the Fed now raising interest rates more aggressively than it has in almost thirty years the question that many investors, economists, and policymakers around the world should be asking themselves is “what is the likelihood that the events we experienced in 2008 and most recently in 2020 repeat themselves today?” Our objective in bringing you this conversation is to provide you with a foundational framework for understanding the forces responsible for driving crises of liquidity in the international dollar system during a time when those forces are growing stronger and stronger. In the process you are going to learn about the plumbing of the shadow banking system, the evolution of the eurodollar market, repos, money market funds, and so much more. The majority of that conversation takes place in the second hour of today's episode which is available to premium subscribers only. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 07/07/2022

Hidden Forces
Energy Geopolitics & the Remaking of the Modern World | Helen Thompson

Hidden Forces

Play Episode Listen Later Jul 11, 2022 60:03 Very Popular


In Episode 257 of Hidden Forces, Demetri Kofinas speaks with Helen Thompson, author and Professor of Political Economy at the University of Cambridge. Thompson's current research concentrates on the political economy of energy and the long history of the democratic, economic, and geopolitical disruptions of the twenty-first century, which she explores magisterially in her new book “Disorder: Hard Times in the 21st Century.”  For those of us who grew up in the 1980s and 1990s, the nature of the world as we knew it to be only seemed to be getting better and better. The price of energy and the cost of capital kept getting cheaper, the world kept getting safer and more interconnected, and liberal democracy and free-market capitalism were seen as inevitable outcomes of the end of history. Today, all of that feels like it was almost a dream. The last two decades have brought a powerful tide of geopolitical, economic, and democratic shocks onto the world. Their fallout has led central banks to create over twenty-five trillion dollars of new money, brought about a new age of geopolitical competition, destabilized the Middle East, ruptured the European Union, and exposed old political fault lines in the United States--fault lines that seem to challenge even those of the tumultuous 1960s and 1970s when the specter of nuclear war and the trauma of violent riots and political assassinations cast a long shadow over the future of the Republic. This conversation between Helen Thompson and Demetri Kofinas endeavors to draw a line of continuity between those turbulent years and the present political moment as we try to imagine how a future situated in the long arch of human history with all its political challenges, economic imperatives, and destructive wars might unfold. It recounts three histories. One about geopolitics, one about the world economy, and one about western democracies, and explains how in the years of political disorder prior to the pandemic, the disruption in each became part of one big story, much of which originates in problems generated by fossil-fuel energies and our efforts to control them. And it explains why, as the green transition takes place, the longstanding predicaments that energy invariably shapes will remain firmly in place. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 07/06/2022

Hidden Forces
Value Investing & How to Have “Soul in the Game" | Vitaliy Katsenelson

Hidden Forces

Play Episode Listen Later Jul 4, 2022 3:02


In Episode 256 of Hidden Forces, Demetri Kofinas speaks with the CEO of Investment Management Associates, Vitaliy Katsenelson. Vitaliy is a well-known value investor and author of several books on investing and life. His latest, “Soul in the Game,” is a philosophical exploration of the sources of life's meaning told through a collection of day-to-day observations and insights about Vitaliy's early childhood in Russia, his experiences as a parent, and his love of classical music, and most importantly of art, which features prominently in their discussion. This conversation combines two of the objectives that Demetri laid out in the introduction to a recent episode he published on the subject of courage and self-actualization, namely his desire to take a more holistic approach to exploring and analyzing the macro challenges that we are all facing as a community, but which affect each and every one of us as individuals. Vitaliy has made that very easy to do, because he writes so prolifically about both of these things, whether it is the principals of value investing, his thoughts on the macro economy, markets, stagflation, or the path of interest rates, as well as how to cultivate objectivity, the benefits of introducing randomness into your life, and learning how to separate the things that you can't control from the things you can. You can access the full episode, transcript, and intelligence report to this week's conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 06/28/2022