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  • In Episode 394 of Hidden Forces, Demetri Kofinas speaks with geopolitical analyst and forecaster Kamran Bokhari about the fall of Damascus and the implications of Bashar al-Assad’s ouster in Syria for the balance of power in the Middle East.

    Kamran last came on the podcast a year ago to discuss the violence ignited by Hamas’ October 7th attacks, the nature and scope of Iranian involvement, and how various regional actors, including Turkey, Saudi Arabia, the Houthis, and Hezbollah were exploiting the growing disorder for their own advantage as the Biden administration struggled to stabilize a region that was on the verge of another major war.

    That war has seemingly come and gone, leaving Iran’s influence network along the Shia crescent from Damascus to Beirut, along with its proxies and affiliates in utter devastation or full-on retreat. Assad’s departure and the fall of his regime in Syria are the equivalent of a geopolitical earthquake and are already dramatically changing the balance of power in the Middle East.

    Kamran and Demetri spend the first hour of this episode recapping these recent events, enumerating the key players who expect a seat at the table for any negotiation over Syria’s future, why the center of gravity in the Sunni Muslim world is shifting from Riyadh to Ankara, and what all of this means for Iran and the strategic vision that has guided the Islamic revolution since 1979.

    In the second hour, Kofinas and Bokhari go one by one through every major country that will be materially affected by the outcome in Syria. They discuss the consequences and opportunities for Turkey, the new threats and challenges posed to Israel, what this new reality means for the Saudis, the interests of the United States and Russia, and why el-Sisi's regime in Egypt may be the next major Arab government to come under pressure in the years to come.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

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    Producer & Host: Demetri Kofinas

    Editor & Engineer: Stylianos Nicolaou

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    Episode Recorded on 12/09/2024

  • In Episode 393 of Hidden Forces, Demetri Kofinas speaks with Herman Mark Schwartz, a professor in the Politics department of the University of Virginia and the author of three books on economic development, globalization, and the geopolitics of the subprime mortgage crisis.

    Demetri and Mark discuss an article that he recently co-authored in American Affairs about AI’s potential to create a new growth wave of creative destruction that could rival or surpass those of previous innovation cycles, with enormous implications for business, society, and the role of government in the economy. They discuss what these so-called “Schumpeterian” growth waves typically look like, how they create complex interactions across all facets of the economy, and how they ultimately exhaust themselves, making room for the birth of a new innovation cycle.

    In the second hour, Mark and Demetri apply this framework to the growth wave that we have been living through for more or less the last 50 years and which now appears to be in the late stages of endogenous decay. They examine three scenarios for what might come next. The first is an extension of the current wave, the second is a new paradigm driven by AI as the key general-purpose technology, and the third is neither an extension of the current wave nor a transition to a new paradigm, but rather a series of crises characterized by commodity shortages, energy insecurity, political polarization, and global conflict.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 12/02/2024

  • Saknas det avsnitt?

    Klicka här för att uppdatera flödet manuellt.

  • In Episode 392 of Hidden Forces, Demetri Kofinas speaks with author, investor, and financial historian Russell Napier, about how to navigate a seminal transition in the global trade and monetary order. This episode aims to provide you with the tools to understand, value, and manage the assets, exposures, and risks in your portfolios and to capitalize on opportunities that come along only once every hundred years.

    In the first hour, Demetri and Russell Napier discuss the origins of the non-system that came to shape international trade and finance in the decades after the breakdown of the Bretton Woods international system of fixed exchange rates. They discuss the de-pegging of the RMB from the USD, the closing of the gap between the discount rate and the growth rate in developed economies, and the implications of America’s escalating economic war against China.

    In the second hour, which is available to premium subscribers only, Russell Napier and Kofinas focus most of their time on the implications of this breakdown in the international trade and monetary system for investors. They discuss how developed world governments are likely to repress capital, what you want to own in such a world, what you don’t want to own, and how to tell the difference. They also discuss what a new Chinese monetary order might look like, which countries would participate, and how such a system would build off China’s efforts to digitize the Yuan and create a Chinese-built digital payments infrastructure that extends beyond China’s borders as part of the Digital Silk Road initiative. They also discuss the prospects for a strategic Bitcoin fund, the use of stablecoins as an extension of Dollar hegemony, and the fate of the Euro in a world torn between Beijing and Washington.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 11/27/2024

  • In Episode 391 of Hidden Forces, Demetri Kofinas speaks with Wolfgang Münchau, the director and co-founder of Eurointelligence and the author of a phenomenal new book about post-WWII Germany, the rise and fall of the German economy, its industrial sector, and the end of what he dubs “The German Miracle.”

    Wolfgang Münchau and Demetri spend the first hour of this episode laying the foundation to help listeners understand how Germany became the economic and financial juggernaut that we have known it to be throughout the 1990s and most of the 21st century. They discuss the two pillars of the German economy, the supercharging of its industrial growth model during the period of globalization and unipolarity, and the cultural, technological, and geopolitical sources of its economic decline.

    In the second hour, Kofinas and Münchau zero in on the ten structural sources of weakness for the German economy, including the German capital model and banking system, a corporatism that misaligns incentives between the interests of politicians and those of the economy, the fiscal doomsday machine in the form of Germany’s debt brake, a radicalizing electorate, and a political mindset among German elite that treats geopolitical risk as an economic externality to be safely discounted or ignored entirely.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 11/19/2024

  • In Episode 390 of Hidden Forces, Demetri Kofinas speaks with Rupa Subramanya, a journalist at the Free Press, about the de-banking of political dissidents, censorship, and the “right to die.”

    Rupa first came on Demetri’s radar for the work she has done writing about what is known as “de-banking:” the closure of people's or organizations' bank accounts by financial institutions that perceive the account holders to pose a financial, legal, regulatory, or reputational risk to the organization.

    They speak extensively about her work in this area, along with her writings about political censorship of conservative voices and the right-to-die movement in the Netherlands and Canada, between the first and second hours.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 10/30/2024

  • In Episode 389 of Hidden Forces, Demetri Kofinas speaks with Andy Constan, the founder and proprietor of Damped Spring Advisors about why he believes the Federal Reserve is at risk of losing the long-end of the bond market, which would lead to a reacceleration of inflation and a hard landing for the economy.

    Andy and Demetri spend the first hour discussing the subject of a recent letter he published in which he warns that the Federal Reserve, by continuing to lower interest rates and ease monetary policy, could cause a sell-off in long-bonds and a rise in term premia, paradoxically tightening financial conditions while intending to ease them. They further discuss Treasury issuance, management of the Fed’s balance sheet, the weighted average maturity of assets in the central bank’s portfolio, and how conditions in the U.S. economy measure against the Fed’s summary of economic projections.

    In the second hour, Kofinas and Constan dig into the government’s finances, its fiscal picture, and how Trump’s election may exacerbate or alleviate trends that have been in place for decades. They also discuss equity markets, the broadening of the equity rally beyond the Magnificent Seven that’s been underway this year, earnings expectations for these companies, whether they’re elevated or conservative, and how we should go about valuing them.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 11/11/2024

  • In Episode 388 of Hidden Forces, Demetri Kofinas speaks with semiconductor expert Chris Miller about the state and future of the semiconductor industry in the context of Trump’s 2024 U.S. electoral victory, with all its implications for industrial policy, defense spending, tariffs, export controls, trade wars, and much more.

    This conversation is a deep-dive into the semiconductor supply chain. Kofinas and Miller discuss how money is currently being allocated under the CHIPS and Science Act, the progress being made in domestic U.S. semiconductor fabrication, the challenges facing TSMC’s Arizona facility, and the troubles at Intel.

    They also take a hard look at the outcomes resulting from the U.S. semiconductor export and end-use controls implemented against China, how effective or ineffective they’ve been, and ways to improve them. They also assess China’s own efforts at building out its domestic chip ecosystem and some of the loopholes that Chinese companies are systematically exploiting in order to become fully independent of and eventually overtake Western chipmakers and equipment manufacturers. They discuss the three largest limiting factors to scaling AI data centers, the national security threat posed by Chinese companies leapfrogging their U.S. competitors in the race toward AGI, and much more.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 11/06/2024

  • In Episode 387 of Hidden Forces, Demetri Kofinas speaks with political analyst, author, and host of “Beyond the Polls,” Henry Olsen about the state of the 2024 presidential race and what to expect from what could be the most contested election in American history.

    Henry tells us how each candidate is performing in the key swing states and districts that will determine this election, the frequency of early voting and how it compares to 2020, and shares his views on other predictive metrics that he is paying close attention to.

    Henry believes that this election could be even closer than the one in 2000 between George W. Bush and Al Gore, an election that was ultimately determined by a narrow margin of 537 votes, along with a ruling by the Florida Supreme court to suspend any further recounts. The country is in a very different place today than it was two decades ago, and how any remotely similar scenario would play out this time is truly anyone’s guess.

    Olsen and Kofinas also discuss the economic repercussions of a Trump victory, the role of J.D. Vance as a potentially transformational figure in Republican politics, the effect that a loss on the part of the Democrats would have on their party’s realignment, and much more.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 10/31/2024

  • In Episode 386 of Hidden Forces, Demetri Kofinas speaks with the Director of the Center for Middle East Studies at the University of Oklahoma, Joshua Landis about two possible futures for the Middle East: The first will be defined by perpetual conflict, insecurity, and the specter of nuclear proliferation. The second would be defined by a tenuous, albeit hopeful, peace built on compromise and regional security.

    Professor Landis explains why he believes that this choice is now upon us and that we are at a turning point in the Middle East that provides us with a glimpse into what the future of this conflict-ridden region will look like and how it will fit into the larger global security order (or disorder) that is currently emerging.

    Between the first and second hours of this conversation, Dr. Landis and Kofinas discuss the wider war between Israel and Iran, the implications of the ongoing war in Lebanon, the Israeli war and occupation of Gaza, the expansion of settlements in the West Bank, the future of the Palestinian movement for independent statehood, the rightward shift in Israeli politics, the status of the Abraham Accords, and the prospects for a new security arrangement and partnership between the United States, Israel, and Saudi Arabia that could result in a historic reset of the political and economic status quo in this still vital region of the world.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 10/23/2024

  • In Episode 385 of Hidden Forces, Demetri Kofinas speaks with Adam Butler, the CIO of Resolve Asset Management, an alternative asset management firm that focuses on providing cutting-edge, globally diversified, and systematic investment strategies that are non-correlated to traditional portfolios.

    In the first hour, we explore the structural changes that our economy has undergone since the 2008 financial crisis, along with their consequences for market accountability, monetary policy, and the stability of our political economy, all in the context of discussing Adam’s approach to financial modeling and systematic investing.

    In the second hour, we engage in an expansive and valuable discussion about the mind-bending progress being made in artificial intelligence, how it is already disrupting multi-trillion-dollar industries, the incredible promise that this technology holds, and the dangers that it poses to the stability of our economies and political systems.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:

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    Producer & Host: Demetri Kofinas

    Editor & Engineer: Stylianos Nicolaou

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    Episode Recorded on 10/08/2024

  • In Episode 384 of Hidden Forces, Demetri Kofinas speaks with Bob Elliott, the co-founder and CEO of Unlimited, a financial services firm that uses machine learning to create products that replicate the index returns of alternative investments.

    Demetri asked Bob Elliott back on the podcast today to discuss the big macroeconomic story everyone’s been talking about, which is the Fed’s pivot from fighting inflation to supporting the labor market by cutting interest rates into an apparently strong economy.

    Bob and Demetri discuss what sorts of consequences this new policy stance may have, especially if consumers and businesses seek to take on more debt. This would move us from what has largely been an income-driven business cycle to a credit-driven one, potentially adding rocket fuel to an otherwise already strong economy.

    The two also discuss China's economic conditions, the importance of the recently announced stimulus, and how China’s economy matters not only to Chinese investors but also to those with no direct exposure to the country’s economy or stock market.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:

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    Producer & Host: Demetri Kofinas

    Editor & Engineer: Stylianos Nicolaou

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    Follow Demetri on Twitter at @Kofinas

    Episode Recorded on 10/01/2024

  • In Episode 383 of Hidden Forces, Demetri Kofinas speaks with James Aitken, a financial markets veteran and advisor to many of the world’s most powerful, sophisticated, and successful investors.

    In the first hour, Demetri and James discuss all that has changed since Aitken was last on the podcast three years ago, which came just as the world had started to re-open from Covid and before the Fed began its very long and determined tightening cycle in the Spring of 2022.

    They discuss the Fed’s recent 50 basis point rate cut, its renewed focus on supporting the labor market (possibly at the expense of inflation), and why James Aitken believes this is a profound regime change in monetary policy that investors need to understand and incorporate into their investment frameworks going forward.

    In the second hour, Aitken and Kofinas apply the framework they developed in the first hour to help listeners understand a set of interlocking macroeconomic, political, and geopolitical challenges facing investors. These include (1) the economic and national security policy changes underway in China, (2) the fiscal pictures in the U.S. and Europe, (3) and what a Trump 2.0 administration could mean for markets and the economy.

    They also discuss the case for commodities, the implications of a multi-decade reversal in monetary policy by the Bank of Japan, how the Fed’s pre-emptive rate cuts might reignite inflation, and what all this means for the value of the dollar, commodities, and the role that Gold could and should play in people’s portfolios going forward.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 09/25/2024

  • In Episode 382 of Hidden Forces, Demetri Kofinas speaks with Jacob Ware, an expert in domestic and international terrorism, counterterrorism, and assassination, about the growing U.S. assassination and terror threat ahead of the 2024 elections.

    Jacob and Demetri spend the first hour of their conversation discussing the two recent assassination attempts on former President Donald Trump, what we know about both assassins, the breakdowns in security, and what needs to happen going forward if we want to avoid a potentially successful attempt on the former president’s life. Demetri and Jacob also discuss the growing trend in assassination attempts and compare the terror threat posed by organizations inspired by leftist ideology with that posed by right-wing extremists.

    In the second hour, the two discuss the terrifying threat posed by dual-use technologies and their deployment in both international and civil wars. They also discuss whether a civil war in the United States is possible, what such a war would look like, and if this term is even useful in helping us understand the evolution of political violence in America. Finally, they explore the potential for such further violence headed into election day, the types of attacks that we might see, and how our information environment continues to be weaponized in a battle for the future of the country.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:

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    Producer & Host: Demetri Kofinas

    Editor & Engineer: Stylianos Nicolaou

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    Episode Recorded on 09/17/2024

  • In Episode 381 of Hidden Forces, Demetri Kofinas speaks with global macro investor David Dorr about the evidence for UAP, UAP disclosure, how investors should think about UAP risk, and what effect different types of disclosures could have on their portfolios. David has been a long-time student of UAP (or what we used to call UFOs) and has continuously emphasized the need for the entire financial community to take notice of this market-impacting revelation and life-changing opportunity for humanity.

    In the first hour, David and Demetri discuss the history of and evidence for the UFO phenomenon, including well-documented, mass sightings experienced by both military and civilian populations in Washington D.C., Phoenix, Arizona, Colares, Brazil, Ruwa, Zimbabwe, and many other locations. They speculate on what may be the U.S. government’s agenda in tightly controlling the disclosure of information related to UAP and how to make sense of this phenomenon if you reject the premise that all of this is some kind of government psyop or conspiracy to fool the public.

    In the second hour, Demetri and David explore the intersection of mystery cults and nazi history with UFOs and UAP, including the role of consciousness in helping to explain some or all of this phenomenon. David also explains how he and his firm think about and incorporate UAP disclosure risk in their investment model, the impact that further disclosures could have on the stocks of various defense contractors who may be benefiting from their possession of UAP materials, and how eminent domain language found in the UAP disclosure act could further complicate investors’ efforts to capitalize on new acknowledgements in the next few years or even months.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 09/09/2024

  • In Episode 380 of Hidden Forces, Demetri Kofinas speaks with Luis Elizondo, the former head of AATIP, the U.S. Defense Department’s program for investigating UFOs (now known as unidentified anomalous phenomena or UAP), about why he and so many other scientists, researchers, and people working in military intelligence claim that we are in contact with non-human superintelligence and how the government has been hiding it for nearly a century.

    Luis Elizondo and Demetri spend the first hour of this episode exploring some of the more fantastical claims stemming from work Luis Elizondo did at AATIP, including declassified information that defies conventional explanations. The evidence suggests that humanity is in contact with some form of non-human superintelligence that has access to mystifying technologies, that we are living in some sort of simulation, and/or that some of our observations about the quantum behavior of subatomic particles have macro implications that may explain what we are seeing with UAP and UFOs.

    In the second hour, Kofinas and Luis Elizondo discuss the correlation between UAP sightings and nuclear energy, the relationship between UFOs and water, and alleged evidence of black-budget programs where efforts are being made to reverse engineer alien technology, including claims made before members of the House Oversight Committee that government contractors are in possession of non-human biological material. They also explore the critical next steps that Luis Elizondo would like to see undertaken in the next few years that could lead to more disclosures about a phenomenon that he believes is the biggest story in human history.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

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    Producer & Host: Demetri Kofinas

    Editor & Engineer: Stylianos Nicolaou

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    Episode Recorded on 09/03/2024

  • In Episode 379 of Hidden Forces, Demetri Kofinas speaks with Ray Nowosielski and John Duffy, the authors of The Watchdogs Didn’t Bark, a book that investigates the troubling story behind the 9/11 attacks and the War on Terror.

    The first hour includes a discussion about the timeline of events leading up to the 9/11 attacks, the critical meeting in Malaysia monitored by U.S. intelligence agencies in which the bombing of the U.S.S. Cole and 9/11 were organized, the CIA’s failure to provide critical information about that meeting, including the names of two hijackers who entered the United States shortly thereafter to the FBI and the White House, and what we know conclusively about the role played by agents of the Saudi government in aiding some of the 9/11 hijackers in their mission to kill thousands of Americans.

    In the second hour, the discussion focuses on the summer of 2001 and three critical meetings that took place at the White House, where material information about terrorist cells operating inside the United States appears to have been withheld by the CIA, the sharing of which, according to the then counter-terrorism advisor on the National Security Council Richard Clarke, would almost certainly have prevented the attacks of September 11th. Demetri, Ray, and John discuss what the CIA was aware of that summer, its possible role in trying to infiltrate Al-Qaeda and Wahhabi extremist networks in the U.S. by working through Saudi agents, and the evidence that some or all of these activities, along with the roles played by Saudi Intelligence and members of the Royal Family were covered up in the months and years afterward.

    This is a seminal period in American history whose consequences, including the unchecked power of the national security state, the growth of mass surveillance, and the loss of confidence and trust in American leadership, we continue to live with to this very day. Coming to a deeper understanding of these critical events and their aftermath is crucial if we hope to reform our republic and steer this country in a direction that protects our constitutional rights and is more consistent with our beliefs and democratic values.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 08/26/2024

  • In Episode 378 of Hidden Forces, Demetri Kofinas speaks with Bob Kerrey, the former governor of Nebraska, a U.S. senator, and a member of the 9/11 Commission, about the latest revelations regarding support for the 9/11 hijackers by Saudi Arabia and troubling details about the CIA’s actions in the lead-up to 9/11.

    Senator Bob Kerrey was first on the podcast in 2018, and in that conversation, he and Demetri discussed the then recently unredacted 28 pages from the congressional Joint Inquiry Report into the Intelligence Community’s Activities before and after the Terrorist Attacks of September 11th, 2001. In those 28 pages, we learned that the government of Saudi Arabia and some members of the Royal Family had provided financial, logistical, and other forms of support to at least two of the 9/11 hijackers and their associates in the months and years leading up to those attacks.

    In the years since those pages were declassified, additional information has come out, mainly through lawsuits filed by 9/11 family members that provide not only further information about Saudi government involvement but also troubling details about the CIA’s own actions in the lead-up to 9/11 and a potential cover-up of those activities by the agency and members of the Bush Whitehouse in the months and years afterward.

    As we near the twenty-third anniversary of those attacks, Senator Bob Kerrey has returned to discuss how these latest findings change our understanding of one of the most seminal events in American history, what they suggest about how our government works, where power resides in Washington, and what we, as citizens of this country, can do to restore accountability in the democratic halls of power.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 08/24/2024

  • In Episode 377 of Hidden Forces, Demetri Kofinas speaks with Patrick Boyle. Patrick is a founding partner of quantitative hedge fund Palomar Capital, a professor of finance at King’s College London, and the host of “Patrick Boyle on Finance.”

    In the first hour, Patrick shares stories from his career in finance, including his time working for Victor Niederhoffer. He and Demetri discuss the market turmoil seen at the beginning of August, including potential causes and implications, and whether the secular economic forces facing Western economies are more likely to be inflationary or deflationary in the years ahead.

    In the second hour, Patrick and Demetri discuss whether the U.S. economy needs a new industrial policy, what that would look like in practice, and how it may backfire by stifling rather than promoting innovation. They also discuss the challenges of social media regulations, the deterioration in business ethics, the transatlantic backlash against immigration, and much more.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    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

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 08/08/2024

  • In Episode 376 of Hidden Forces, Demetri Kofinas speaks with Jeffrey Sachs, a world-renowned economist, bestselling author, and professor at Columbia University, where he was the former director of The Earth Institute. He is also one of the most reputable critics of U.S. foreign policy and the ‘Deep State’, especially as it pertains to the ongoing war in Ukraine and U.S. relations towards Moscow since the end of the Cold War.

    Jeffrey Sachs last appeared on Hidden Forces in late June to discuss his criticisms of the U.S. intelligence community and American foreign policy. In Part II of that conversation, Demetri asked Dr. Sachs back on the podcast to discuss his central critique of U.S. foreign policy as it pertains primarily to the breakdown in US-Russia relations and the War in Ukraine.

    Sachs and Kofinas discuss much of the relevant post-cold War history, including NATO enlargement, the breakdown in arms control, the invasions of Georgia and Ukraine, and why we should assume that America’s confrontational policies toward Russia are to blame for the breakdown in US-Russia relations if America’s more accommodative policies toward China during a similar period failed to produce the opposite result.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 07/30/2024

  • In Episode 375 of Hidden Forces, Demetri Kofinas speaks with Nate Silver, political forecaster, poker player, and founder of FiveThirtyEight, about the 2024 U.S. elections and the battle between Silicon Valley elites and the D.C. establishment for control over the country.

    In the first hour, Demetri asks Nate for his views about the political battle taking place between Silicon Valley elites (VCs and tech founders) and the coastal establishment of D.C. insiders and legacy media journalists. They discuss the internecine political movements of effective altruism and accelerationism within Silicon Valley, the loss of faith in political institutions, Americans' polarizing risk preferences, and what all of this reveals about the nature and soundness of our political economy heading into the 2024 U.S. elections.

    In the second hour, Demetri drills Nate on the upcoming 2024 U.S. elections, the tightness of the presidential race, and who he thinks is best positioned to win the presidency in November. They debate Kamala’s choice for vice president, the pros and cons of J. D. Vance as Trump’s VP pick, Kamala and Trump’s respective approaches to doing media, favorability scores, swing state strategies, and much more.

    You can subscribe to our premium content and access 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 at HiddenForces.io/subscribe.

    If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:

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    Producer & Host: Demetri Kofinas

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    Episode Recorded on 08/05/2024