The Coal Trader

Extractive Resource Investing... Coal, Metals and Mining; Oil & Gas; Energy and more!

Podcast Summary

• An overview of thermal and met coal markets, and how recent events put a floor under the different price benchmarks.

• The inflationary setup that is in the pipeline for the back half of 2026.

• China’s steel market, US tariffs, and how it ties in with coal prices.

• The different opportunities in the coal sector, and the Australian royalty regime that differentiates US producers from Australian producers.

• Fed policy and what Warsh might do as the new chair.

• Why he expects rates to head higher on a long-term basis.

• The impact of AI on small business, and the strengths and weaknesses of the technology.

• Book Recommendation: The Fourth Turning Is Here by Neil Howe.

Podcast Summary

• The complacency in broader financial markets with a complicated macro backdrop.

• How the global SPR releases have temporarily covered the Strait of Hormuz problem.

• The high profile IPOs in the pipeline, and how his Mongolian stock broker called him asking about the SpaceX IPO.

• The hyperfinancialization of markets and the economy, and why financial markets are just responding to the incentives and regulations in place.

• Why rates will continue to go higher until we get to yield curve control.

• How advances in crypto, stablecoins, and tokenization will change financial flows and potentially lead to T+0 settlement.

• His view on the different commodities, and why he’s expecting a better buying opportunity in the future.

• Why the cannabis sector is an interesting pond to fish in for value investors.

• Book Recommendation: Lords of Finance by Liaquat Ahamed.

Actionable Intelligence Alert

I write about non-traditional investing and speculating. Looking to provide asymmetry means I am trying to turn $1 into $10 by finding situations moving from terrible to less bad.

By John Polomny

Podcast Summary

• The insanity in financial markets, future SpaceX bagholders, and what Warsh means for the Federal Reserve.

• The asset stripping and rent seeking design of our economy, and how we have moved away from an economy that produces real goods and services.

• How many investors don’t know what they own, and what it means that many investors are now in a position where they can sell their entire portfolio with one click.

• Why college is going out of favor, and some examples of jobs that will be more important in coming years.

• How a secular society led to religious movements around climate change and DEI.

• Why the Strait of Hormuz is going to lead to significant supply chain disruptions after we burn through the inventories.

• The COVID psyop, how it damaged people, and led to an acceleration of the asset stripping of small businesses and the middle class.

• How all vaccines are a scam.

• Why the only way the elites get punished is through frontier justice, outside of the legal system.

• How to survive an American system that could be in the process of breaking apart.

• The data center buildout and if AI is an investable technology.

• Why they are both defensive in this current market environment.

• Book Recommendations: Vaccines, Amen: The Religion of Vaccines by Aaron Siri & The Moth in the Iron Lung: A Biography of Polio by Forrest Maready.

Podcast Summary

• Why he’s expecting issues in the oil market and why he’s very bullish on energy for the second half of the year.

• The insider trading, fake headlines, and market manipulation that has become more obvious in recent months.

• Trump’s path out of this mess, and the possibility of an export ban.

• Why the broader stock market reminds him of 2000.

• People acting different since COVID lockdowns here in the US, and how we seem to be fine with memory holing the entire series of events around COVID.

• What Americans actually want from the Federal Government: no more forever wars and dropping the hammer on immigration.

• The corrosive effects of the Kalergi plan and feminism on Western society.

• Book Recommendation: Stranger to the Game by Bob Gibson.

Podcast Summary

• How the British & the Americans teamed up with Germans to fight the Greek resistance force, ELAS.

• The regime change forced on Greece by the US and Britain, and how the native population responded.

• How the Greek government and intelligence agencies teamed up to build a black site prison on one of the Greek islands.

• The massive amount of money the US poured into Greece in the post WWII period, in the form of weapons, planes, communication equipment, and portable docks.

• The driving motivation to get Greece into NATO.

• How the media coverage of events in Greece show the intelligence influence over all of the mainstream media outlets, even at that time.

• The limited hangouts that happen when we get “investigations” into intelligence agency activities.

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The American Tribune

The American Tribune Substack: Covering the Stories the Mainstream Media Won't

Podcast Summary

• How the early tobacco economy in Virginia is one example of Noblesse Oblige in America.

• The various policies that are breaking down in America.

• What the difference in TFR between liberals and conservatives means for the future of the US.

• Why support for democracy is declining among younger generations.

• The impact of immigration, and why he’s hoping the administration can accelerate things on that front.

• Why he has been reading about the booms and busts of the railroad industry and the comparisons to data centers.

• The idiotic policy the country has on managing resources like water, and how subsidies and economic incentives create distortions in the agricultural economy.

• The advancements in AI and what it can actually be useful for.

• The media slop environment and its secondary effects.

• How to fix the legal system with one simple step.

• Why the biggest problem the system faces is the question of legitimacy.

• Book Recommendation: Cadillac Desert by Mark Reisner.

Podcast Summary

• His background in banking as an analyst and economist and his development of Asshole Consulting.

• How relations between men and women impact the economy, and why the mainstream financial institutions and media can’t address the underlying problems there.

• The political correctness that creates an inability to address the problems directly.

• College as an American birthright and why it’s not worth it for most Americans today.

• HR as a source for problems in the economy.

• Private equity’s role in the asset stripping of different industries and the enshittification of customer service.

• Why there would need to be a complete collapse to get rid of the different parasitic influences on the economy.

• The solutions that will be required to fix relations between men and women as well as fixing the economy.

• How colleges and institutions create artificial barriers on certain professions.

• His view on markets, inflation, and why having skills is the best way to be insulated from continued inflation.

• The Way of Monkey by Turd Flinging Monkey.

Podcast Summary

• The stay behind units across Europe and the early history of the A-Team.

• The secret agreement to have a stay behind network in all countries that joined NATO.

• The ties between Gladio, Italian political officials, and the Vatican.

• How Gladio is the paramilitary operation under the umbrella of the CIA, and how these operations aren’t just isolated to a specific country.

• The Bologna train bombing in 1980 as the most deadly example of Gladio’s handiwork.

• What happened when Gladio was revealed in Italy and how long it took to deal with it.

• Why operations like Gladio are an orchestrated terror campaign to manipulate the people of a country.

The Dollar Endgame

Our current monetary system is dying.

By Roberto Rios

Podcast Summary

• The meltup in the S&P and the difficult situation that Warsh inherits at the Fed.

• Supply chain disruptions and rising inflation.

• Rewiring global trade flows in the Middle East.

• Onshoring of manufacturing in the US and the ongoing reindustrialization of the country.

• The situation in Japan’s financial markets and the different crosscurrents in the Japanese economy that will likely be felt by global investors.

• How new military technologies and strategies contribute to asymmetric warfare.

• The problems with AI and the data center buildout, and what AI is actually useful for.

• Why every developed country is on the path towards more inflation.

• Book Recommendation: The Storm Before The Storm by Mike Duncan.

E.M.’s Newsletter

The Eternal War

By E.M. Burlingame

Podcast Summary

• How the data center buildout is a resource grab for land and water rights.

• The parallels this current investment cycle has to the dotcom bubble and other CAPEX booms of the past.

• The CIA and intelligence ties to large tech companies including Google and Meta.

• How the AI and data center buildout is masking underlying economic issues.

• How the data center push might be a disguise to improve America’s crumbling infrastructure.

• The hyperfinancialization of the economy and markets, and why private equity should be outlawed.

• The possibility of muddling through without crashing the economic and financial system.

• How immigration has distorted the system, and the number of people that need to be removed from the country.

• Why noblesse oblige is missing from our elite class, and how the US was setup as a self-ruling feudal system.

• The different layers of the elite class, and why they are fighting today.

EXIT Newsletter

The official newsletter of EXIT.

By Bennett's Phylactery

Podcast Summary

• How EXIT Group got started, and what they are focused on now.

• The impacts of the Civil Rights Act and how it has transformed cities and suburbs and created malinvestment.

• How Bukele in El Salvador provides an example of how some of these problems can be solved.

• Why Trump is not the Caesar figure that some have been looking for.

• The divide between men and women, what it means for society, and some ideas on how to fix it.

• AI, offshoring, and the disappearance of adult day care jobs.

• How the regulatory environment has strangled growth of the atoms economy and incentivized growth in the bits economy.

• How common private property has become illegal in America and the incentives that led to this outcome.

• The enshittification of the internet and social media.

• Book Recommendation: Out Of The Mountains by David Kilcullen.

Podcast Summary

• The state of the US, the graft going on inside the system, and his frustration about the direction we are headed.

• How the influence of the elites over the health system and the education system has shaped things for over a century and led to where we are today.

• The problems with the food system, seed oils, and why listeners should consider the carnivore diet.

• The digital panopticon and why the elites are pushing for total control.

• The relationship between men and women, why the 19th Amendment should be repealed, and the changes that have to happen to return to normal.

• Why he’s pessimistic on the future, including the potential for human extinction.

• Book Recommendations: American Badass & Running The Razor’s Edge by Dale Comstock.

Podcast Summary

• The push from the CIA to get the Fabian socialists elected in Italy (aka Christian Democrats).

• How they spent $50M (in 1948 dollars) to get the Christian Democrats elected in 1948.

• The news outlets involvement in shaping the narrative here in the US, and the messaging about Soviet influence even though they had no presence there after WWII.

• The various methods the CIA used to influence the election.

• How they set up the Italian American Committee for Free Elections.

• The differences between parapolitical warfare, paraeconomic warfare, and paramilitary warfare.

• Using tax dollars as corporate welfare for large projects outside of the US.

• The consistency of the CIA playbook over time, and the tendency towards becoming a cog in the machine in large bureaucracies.

Podcast Summary

• What Trump’s trip to China means for the Middle East, different trade deals, and various supply chains.

• How the disruptions from the Strait of Hormuz are going to be felt this summer around the world.

• Why the recent chaos is not part of some 5D chess plan, and Trump’s tendencies to react and improvise to current events.

• How things could be setting up for stagflation depending on what the Fed does.

• The generational divide in the recent Massie’s primary.

• How the data center buildout is about building a digital control grid.

• The hyperfinancialization of the US and how it leads to cultural and economic issues.

• The biggest issues facing the US at home and what it means for the future of the country.

• Book Recommendation: Everyone Is Wrong About China by Brendan O’Reilly.

Podcast Summary

• How California could face serious problems with oil supply chains in the next couple months.

• How CARB has reached the point of diminishing returns.

• The problems that California faces with no more imports of crude and products on the way.

• What all this means for the military and the bases in California, Nevada, and Arizona.

• How the average legislator is disconnected from the reality of supply chains and the real world.

• The potential solutions to the problem, and how quickly they could be implemented.

• How Trump has an opportunity to come in and fix things, and why it might only be a temporary fix.

Podcast Summary

• The projects in Argentina and other parts of South America that helped them develop military technologies.

• The missile project in Egypt, and how Israel responded.

• How scientists from Germany contributed to the U-2 and SR-71 programs.

• The number of German scientists that ended up in the Soviet Union.

• Where these scientists ended up in the US, and the biological, chemical, and aerospace programs they worked on.

Raging Bull Investments

Mostly value with a catalyst. Caveat Emptor.

Podcast Summary

• The S&P continuing to run, and how narratives, vibes, and other short term drivers move markets.

• The increasing volatility based on short term investors, leverage in the system, and the lack of fundamental investors.

• Why he doesn’t prioritize macro over the individual ideas in his investing process.

• How Miami International benefits from increased trading volumes and volatility.

• The hyperfinancialization of markets, and the nihilism involved with sports betting and prediction markets.

• How the function of markets has deviated from the original purpose, and where that might lead in the coming years.

• The incentives (or lack thereof) for new businesses to go public.

• How recent moves in Playboy show the short term thinking from investors.

• Recent developments with Turning Point Brands , and why nicotine is one of the greatest businesses of all time.

• How investors that don’t have experience operating a business or the ability to understand the complexities of running a business often miss the big picture when it comes to stocks.

• How AI and the data center buildout interacts with the commodities cycle, and why he still likes offshore oil services.

• Book Recommendation: The Fourth Turning by Neil Howe.

Podcast Summary

• The messaging problem that the Trump administration has on the domestic front.

• How the redistricting push changes things for the midterms.

• How recent events in the Middle East will change global trade flows, and the potential supply chain problems that could echo through the economic system.

• The UAE leaving OPEC, and why Venezuela could be next.

• Kevin Warsh’s role at the Fed, and how things might change in coming months.

• California’s looming energy supply chain crisis, and how it could present a golden opportunity for the Trump administration.

• How Europe is setting up to be a powder keg this summer, and why they are looking like the odd man out on the geopolitical chessboard.

• How Schrodinger’s Strait of Hormuz has led to a polluted media environment around recent events.

• Why Trump needs to string together some domestic wins over the next several months.

• Why Susie Wiles needs to go.

• What phase 2 of the Iran War might look like, and how that gives Trump leverage for his meeting with Xi in China.

• How the discussions in China could lead to significant changes in US-China relations, and why it will take several years to rebalance things.

• Russia’s role in what comes next, and how their relationship with China could present problems for the West.

• Why investors should take a look at the globe and understand the bottlenecks and distances between countries.