Last week I was able to get Chris MacIntosh on the podcast, and it was a fascinating conversation. We talked about the different cycles that are all converging, the geopolitical situation in Europe, and opportunities in different commodities and South America. He’s very sharp on a bunch of different topics, from history to financial markets and everything in between. If you want to find his website or his Twitter, I have included links below. Chris’ TwitterCapitalist ExploitsPodcast Summary* The current geopolitical situation and the cyclical nature of history.* How different cycles are all lining up right now, from the debt cycle, the monetary cycle, the commodities cycle, and the 250 year revolutionary cycle.* The capital rotation on the horizon, and why gold is typically the first mover on that front.* How the economics in Europe are driving their decision making, why he thinks we will see capital flight out of Europe.* Capital controls, and how they are masked as regulatory controls in Europe. * Why he thinks we could be headed for stagflation and why he thinks this commodities cycle will be driven by supply constraints instead of booming demand.* Energy is typically the best performing asset in stagflationary cycles.* Why they are fairly heavy in the energy sector, which has some of the cheapest assets on the planet, particularly in the offshore oil services space. * How shipbuilders are another constraint worth watching.* The potential supply squeeze setting up in coal, and how coal has been starved of capital for years. * Why he is bullish on South America, and very bullish on Argentina in particular.* Avoiding bonds because of where we are in the cycle.* The formation of geopolitical blocks around the world.* Why Venezuela as the wild card in South America. * Trump’s negotiating style, and why Canada is in a weak position.* Book Recommendation: 180 Degrees: Unlearn The Lies You've Been Taught To Believe by Feargus O’Connor Greenwood.Kontrarian Korner is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.kontrariankorner.com/subscribe
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57:37
Kontrarian Korner #42 - Veles
Yesterday I had Veles from RogueNews on the podcast, and it was a fascinating conversation. I listened to the whole thing a second time when I was editing it last night, and I am definitely looking forward to another conversation with Veles in the future. We talked about the realignment of the global economic and political system, why gold is flowing into the US again (just like it was before WWII), and some of the important technological trends to watch, from micro nuclear reactors to more efficient chips for artificial intelligence. You can find Veles on RogueNews on Rumble and YouTube.Podcast Summary* Zelensky’s disaster in the White House on Friday, and how he is just a puppet for other people behind the scenes.* The competing factions of power around the world, the future of the EU, and why certain factions in Europe need the war in Ukraine.* He lays out how a massive amount of money is being ripped out of the US federal government budget right now, and the connection to the urgent selling of real estate in the DC area.* The importance of gold, and why a large amount of physical gold was moved out of Europe into the US before WWII. * He lays out the reasons that gold is flowing into the US again today, and why the US is in the driver’s seat with our economy and political system, as the world starts to realign the economic and political system towards a multipolar world. * Salted gold reserves in China, and why that set off alarms in other countries. * The gold that is still on ships at the bottom of the ocean, and the disputes between different countries over it. * What he sees for the US power grid, and why a decentralized grid is an advantage for the US. * Why artificial intelligence is overhyped, and how power demand at the chip level could be reduced by 90-95% at the chip level by replacing floating point multiplication with integer addition. * The potential benefits of micro nuclear reactors and the downstream effects that could have on the US grid, and how micro nuclear reactors could benefit Europe.* Physical versus digital currency, and why he thinks we will eventually see a fully digital dollar.* Book Recommendations: The Most Dangerous Book In The World: 9/11 As Mass Ritual by S.K. Bain & Lucifer’s Banker by Brad Birkenfeld.Kontrarian Korner is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.kontrariankorner.com/subscribe
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1:29:12
Kontrarian Korner #41 - John Polomny
Last week I was able to have John Polomny back on the podcast for another great conversation. We looked at some of the commodities sectors that both of us find interesting, and some of the opportunities in the market today. We also talked about the current geopolitical landscape and American culture. You can find his Substack below, but he is also a very entertaining follow on Twitter.Podcast Summary* Energy Return On Energy Invested, and how human society has never gone backwards as far as energy density.* Uranium, and the bombed out sentiment across the sector. * The opportunities in the oil & gas sector, including offshore oil services and Canadian oil sands.* Why he likes Glencore for his exposure to the coal sector. * His thoughts on the precious metals miners, the agricultural sector, and shipping. * The geopolitical landscape, from Trump and the Monroe Doctrine, to the return of realpolitik. * Immigration, the changing culture of the US, and what it means to be an American.* Book Recommendation: Santa Monica Partners Letters to Partners 1982-2021: 40 Years of Pink Sheet Investing by Lawrence Goldstein and Joseph Raymond.* He also recommended the Horizon Kinetics quarterly updates, which are definitely a must read. Kontrarian Korner is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.kontrariankorner.com/subscribe
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1:16:25
Talking Sable Offshore With Vince Lanci
This is a free preview of a paid episode. To hear more, visit www.kontrariankorner.comAfter I recorded recently with Vince Lanci for a podcast on gold and the LBMA, we got to chatting about oil and I told him about Sable Offshore $SOC (I know that is probably shocking to some of you). He invited me to one of his Sunday conversations with some of his subscribers to discuss the situation, and where things stand today. If you guys need a fix on Sable or want to hear some of Vince’s questions, and my thoughts on Sable and oil in general, including some talk on the geopolitical side, feel free to watch. Kontrarian Korner is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
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5:33
Kontrarian Korner #40 - Matt Warder
Last week I had Matt Warder back on the podcast to give us an update on the coal sector. We talked about why it might be tough sledding in 2025 for coal stocks, the different companies in the US and Australia, and more. You can find Matt on Twitter and on Substack below. He is must follow for any investor interested in the coal sector.Podcast Summary* His broad outlook for thermal and metallurgical coal, the impact of LNG on thermal, and why he thinks 2025 is going to be the cycle trough for met coal.* The impact of potential tariffs on the coal sector.* His outlook for China, and the uncertainty on how a potential trade war could play out. * His view on some of the stocks in the sector, and the potential for further M&A.* We also looked briefly at some of the Australian stocks in the coal sector.* The bankruptcies of smaller players here in the US and what might happen to Corsa Coal after they filed for bankruptcy.* Where he’s looking for opportunities outside of the coal sector.* The potential for a coal powered data center in the Powder River Basin in Wyoming.* Book Recommendation: Buried Treasure by Otto Scott.Kontrarian Korner is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.kontrariankorner.com/subscribe
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