The Pete Quinones Show

By Peter R. Quiñones

Podcast Summary

• Why the managerial state needs to be destroyed and why Trump needs to put some wins on the board for the midterms.

• Immigration problems and what happens when you bring in special interest groups.

• Why we are trending towards authoritarianism and why Singapore is an example of a functional multicultural society.

• How political correctness is dying, and how important topics are shifting cultural conversations.

• The GOP Samson option, and why it’s a dead party walking.

• The NGO complex, the SPLC, and other organizations that work against the American people.

• Why mainstream media networks are increasingly irrelevant.

• The similarities between events in the US today and events in the Soviet Union and the Weimar Republic.

• Book Recommendation: Reflections on Violence by Georges Sorel.

Blaine’s Substack

My personal Substack

By Dangerous Intellectuals

Podcast Summary

• How the supply chain disruptions in the Middle East will impact Africa, Europe, and the US.

• The potential ripple effects for the US coming from California oil and gas supply chains.

• Why we are seeing a fifth generation war play out, and the battlefields in the information space, supply chains, and financial and economic warfare.

• Why the Trump administration is in the 9th inning as far as the legal and judicial situation in the US.

• How the political establishment on both sides is trying to block Trump at every turn.

• The potential for military involvement and tribunals.

• The King of England’s recent visit to the US and what it signals.

• Why Europe is in deep trouble and the future of NATO and the EU.

• Why everyone should prepare for potential disruptions in the food supply chain, even here in the US.

• Book Recommendation: Escape From Freedom by Erich Fromm.

Podcast Summary

• The fleet logistics that will be required for orbital data centers, and why it will require six to twelve launches, every single day, for three to five years.

• The upcoming SpaceX IPO, and why you shouldn’t bet against Elon Musk.

• Why the US is the leader in the space race, and how China and Russia stack up.

• The supply chain issues that impact the aerospace ecosystem, and

• Why LNG is the preferred propellant for most launches today.

• The importance of bringing down launch costs, and why solar is the preferred orbital power source.

• The long-term future of asteroid mining and the logistical challenges of building colonies on the Moon and on Mars.

• Why he thinks certain heavy industrial operations will eventually be moved into orbit.

• The potential for political interference with the American development of space operations.

• How AI has accelerated development of different pieces of the aerospace ecosystem, and how AI might change things in coming years.

• Book Recommendation: Red State Mars by Travis Corcoran.

I’m going to jump right into it and save my thoughts on recent events for the end, but this video was the best of the last week. If you want to look at the intersection of the changing global monetary system and the supply chains, this is definitely worth your time. They talk about how China has the tools to break things if they choose to (I personally think they won’t), and how the green agenda has derailed the Western countries. The purpose of a system is what it does, and you see it applied in the different approach to exchanges, where the West has designed paper markets for price exposure and China has built exchanges for physical delivery. If you want food for thought on how the supply chain interacts with the geopolitical chessboard and current events, this one is a must listen.

Rogue News w/ Veles

If you want a couple starting points for rabbit hole research, Veles is always one of the best. He talked about the strange fires that have been happening at refineries, but also the number of mysterious deaths of several alternative energy people who are rumored to be working on anti-gravity. He also talked about several other alternative energy projects, including algae, ocean waves, and other things that aren’t even on most people’s radar. They got into the level of fraud that is coming to light, including the SPLC and their cooperation with the FBI.

He is expecting weakness in financial markets and the economy later this year, and he covered how data center construction is juicing manufacturing numbers, along with the fake job posting epidemic and AI involvement in the hiring process. The most interesting part was the discussion on AI and why people are thinking about it in the wrong way. His view is that AI and the buildout we are seeing is the horizontal layer that enables, instead of a new vertical application. I’m oversimplifying it, but the way I think of it is a new layer of data infrastructure instead of the release of the iPhone. Another interesting piece is his view that we will see a new browser before the end of the decade that could be a Chrome killer. This one isn’t just focused on financial markets, but any time you listen to Veles you get a wide array of interesting topics, and this time is no exception.

Certain Of Uncertainty: The Fog Of War

The last couple days I have been unplugged, and that has given me time to think about everything going on recently. We have another apparent assassination attempt on Trump, but it’s another event that just raises more questions than answers. I don’t have a strong opinion, but I do think the official story we will get in coming weeks is probably going to leave a lot to be desired. The other thing that isn’t getting enough attention is number of scientists that have died mysteriously in recent weeks.

This popped up on my radar a couple weeks ago, and now CNN is picking it up. I’m not sure if we will get the real story on this one, but it does show that chess pieces are being moved in different arenas. The recent SPLC indictment shows the same thing, and we also have King Charles visiting the US and Congress this week like a couple podcast guests have mentioned. So there are certain threads being unraveled right now, and that brings me to one of the only things I am certain of: Trump & Co. are injecting chaos into various different institutions and systems.

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Podcast Summary

• The 30,000 foot view of the different segments of the business and the 50/50 ALP JV with Tucker Carlson.

• How Turning Point compares to other CPG stocks and other tobacco stocks that have outperformed in the past.

• Why the situation with the FDA is the main risk to be aware of.

• The rapid growth in sales, new marketing agreements, and the quickly growing number of stores where you can find ALP and FRE.

• Why that growth is temporarily squeezing margins but it will show up in the growth numbers in the future.

• How the domestic manufacturing buildout will dramatically reduce costs and improve margins, and why that should be complete by the end of this year.

• Recent analyst adjustments and why the stock has sold off violently in the last couple months.

• The long term upside for people looking out until the end of the decade.

• Book Recommendations: Understanding Behavioral Bias, A Guide to Improving Financial Decision Making by Daniel Krawczyk and George Baxter, The Sleuth Investor by Avner Mandelman, Engines That Move Markets by Alasdair Nairn.

Podcast Summary

• The shutdowns of the Valero refinery in Benicia and the Phillips 66 refinery in Wilmington.

• The shortages that are baked into the cake due to tanker travel times.

• How the shutdown of the Strait of Hormuz has impacted Asian refineries, which supply 40% of California’s fuel.

• The federal government getting involved with Section 303 of the Defense Production Act.

• The impact on the military bases in the state, as well as the bases in Nevada.

• How California’s energy policy over the last several decades has led to this point.

• The number of refinery fires that have happened in the last couple months, and whether it is a coincidence or not.

• Why this will impact other states ability to get fuel, including Nevada and parts of Arizona.

• The chain reaction that could be set off at the ports and with supply chains if California starts experiencing fuel shortages.

• Book Recommendation: Atlas Shrugged by Ayn Rand.

The J. Burden Show

This is an interview show

Podcast Summary

• The changing economic environment and the weak jobs market for the younger generation (especially white men), and the continued trend towards offshoring jobs.

• How inflation has changed the math for car ownership, home ownership, and the cost of living in general.

• How the polarization of younger generations is creating an unstable political situation.

• Why you should never take the black pill.

• The widening gap between young men and women, and other cultural problems.

• The administration burning a lot of political capital in the Middle East for our greatest ally.

• Why turnout is going to be a problem in the midterms.

• How immigration and deportations are the key issues to watch to see where the country is headed over the next decade.

• The administration burning a lot of political capital in the Middle East for our greatest ally.

• Book Recommendation: Bothelford’s Gone by Edward McLaren.

Tenfold Journal

Bravo Mining - Unlocking Value as Tier-1 Project Luanga Progresses

Bravo Mining…

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14 days ago · 8 likes · 4 comments

Canadian Copper: Funding Secured

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The Eyes of Apelles

A discussion of the global environment and the factors driving its change. Topics include risk, arbitrage, geopolitics, militaries, culture, and religion.

By Ronald Dodson

Podcast Summary

• The idea that the recent adventure in Iran could be the Suez moment for the US.

• His critique of America’s role in recent events, what is going on in Lebanon, and

• The level of the S&P as a matter of national security.

• Dutch disease in the US with the dollar, and the hyperfinancialization of the system.

• Why the current financial system is toast on a long enough timeframe, and the potential for debt monetization.

• Why Europe will hit a crisis point before the US, and the built in advantages that the US has as far as geography and resources.

• China’s weakness as far as supply chains and reliance on shipping lanes, and why China and Russia are natural rivals.

• Why Taiwan will eventually be a part of China.

• The bifurcation of commodities and financial markets, and the different spheres of influence in a multipolar world.

• The messaging problem that the Trump administration has.

• Why impeachment is coming early next year, and why Trump might get convicted.

• The upcoming midterms, and why the Democrats are the best asset the Republicans have in potentially avoiding a bloodbath.

• Why the CIA and the FBI need to be overhauled.

• The deep state, Epstein, and other information that is still being hidden.

• Why the US has a chance for a golden age in a couple decades, but only if we can navigate the next decade.

• Book Recommendations: The Name Of The Rose by Umberto Eco and The Forever War by Joe Haldeman.

E.M.’s Newsletter

The Eternal War

By E.M. Burlingame

Podcast Summary

• The method to the madness in the Middle East and why Trump is injecting chaos into the geopolitical chessboard.

• How the financial system is built on algorithms that factor in centuries of risk modeling, and the controlled volatility creation we are seeing.

• Why the S&P being elevated (and rising) is a matter of national security.

• The problems facing Europe as far as the production of commodities and energy, and the problems they have as far as immigration.

• What the US has to do to rewire the financial system and flush out the corruption and fraud, and why it starts at the local level.

• Why we need to stop using GDP as a measure of success, and why 100 million people need to be sent back.

• Why there is no incentive for the bureaucracy to enforce laws on the books and remove people from the country.

• How a rewiring of the economic system to real production will naturally fix the relationship between men and women, and why 90% of women’s jobs are make work.

• Why we need to nuke the healthcare and food industry, and why we need to make the Sherman Antitrust Act great again.

• The chaos agents in Venezuela and Iran, and the other points of interest with the Strait of Malacca and Cuba that will probably be solved diplomatically.

• Why Somalia and Canada are two other potential chaos nodes to watch.

• The problem with the Trump administration’s messaging on recent events.

• Book Recommendation: As Rome Burns by E.M. Burlingame (his first fiction novel).

Podcast Summary

• The shaping and control mechanisms used by the intelligence agencies in the post World War II era.

• How borders were drawn in the post World War II era to set up chaos nodes in the Middle East and Asia with the formation of Israel, Pakistan, and Formosa (Taiwan).

• How the opium and cocaine trade was used as a funding mechanism for the intelligence agencies and the international syndicate.

• How the large international corporations benefited from different operations and coups run by the intelligence agencies.

• Why it was crucial to take Maduro alive during the Venezuela operation, and how he has extensive knowledge of this system.

• The factions in Iran, the chaos node in Israel, and how the recent events in the Middle East show that Trump is targeting those outposts for the international syndicate.

• How the intelligence agencies are interconnected, and how different “terrorist groups and regimes” were funded by Israel and other parts of the international syndicate.

• How large insurance companies have become intelligence fronts, at least in part.

• Lloyd’s of London, how they benefit from the implicit US guarantee of global shipping lanes, and their influence on maritime insurance as a piece on the geopolitical chessboard.

• The reasoning behind the Strait of Hormuz blockade, and why Europe will cry uncle first due to their deindustrialization and lack of energy production.

• Why the system always needs a boogeyman. That was the Soviet Union until the 90s, and now the boogeyman in the Middle East is Iran.

• How the timing of the fentanyl explosion ties into the timing of pulling out of Afghanistan.

• Where all of the recent events lead for the US, Europe, and the Middle East, and the back channel communications that have probably been going on with Russia and China.

• DOGE, USAID, the National Endowment for Democracy, and targeting the NGO network of institutions and foundations.

• Why you will need to see some significant movement in the next three months as far as arrests in order to avoid a wipeout in the midterms.

• Book Recommendations: Operation Gladio: The Unholy Alliance Between the Vatican, the CIA, and the Mafia by Paul Williams, and NATO’s Secret Armies: Operation GLADIO and Terrorism in Western Europe by Daniele Ganser.

M3_Melody Substack

My personal Substack

By Melody Wright

Podcast Summary

• The 30,000 foot view of residential real estate, and why new homes are cheaper than existing homes today.

• Affordability issues, interest rates, and what shrinking transaction volumes mean for the next couple years in the market.

• Building inventories, migration trends, demographics, fertility rates, and other trends that will play a part in the real estate market.

• The generational divide, median incomes, and why housing is more unaffordable than it has ever been.

• Reality TV politics when it comes to immigration and deportations.

• How society has changed since the 70s as more women entered the workforce, along with several other factors that lead to changes on the culture.

• Why the recent wave of layoffs that is attributed to AI has more to do with offshoring after a wave of overhiring.

• Why the current media environment is a double edged sword when it comes to changing narratives, but also the pervasive propaganda environment that we are in.

• Book Recommendation: The Price Of Time by Edward Chancellor.

A Havenstein Moment.

It's not schadenfreude, it's déjà vu.

By Rudy Havenstein

Podcast Summary

• How the recent events will feed into supply chains, inflation, and the complacency in financial markets.

• The political interference with financial markets, and the pattern of jawboning the markets.

• Why the Fed is stuck between a rock and a hard place, and why all roads lead to the big print.

• Why they aren’t surprised by the effectiveness of the Iranian resistance and why Rudy thinks this could be a rerun of the Iraq war.

• The problem with the mainstream media environment and the propaganda environment on social media.

• How the midterm elections might turn out after the recent adventure in Iran and that abandonment of most of Trump’s campaign agenda.

• Anarchotyranny, frontier justice, and fix it politics.

• The push to reindustrialize the US and undoing some of the side effects of hyperfinancialization.

• The potential for a completely different political system, and why the system can’t be reformed through the system.

• The pros and cons of monarchy versus the current system.

• Book Recommendation: Sinister Forces by Peter Levenda.

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 supposed ceasefire in the Middle East, and the unavoidable supply chain disruptions that are already baked into the cake with recent events in the Strait of Hormuz.

• Why he has unwound some of his energy exposure over the last couple days, and why agricultural commodities are an opportunity.

• Adding to some of his positions in precious metals, why it’s a buying opportunity, and the long term secular drivers for gold in particular.

• The series of events that he would have to see to be convinced that the US has control over the Strait of Hormuz.

• Why the Fed is stuck between a rock and a hard place, and the only two choices are the big print (yield curve control) and letting rates rise.

• The problems with US industrial policy and why it will take longer than most people think to course correct.

• Why the US won’t exist in its current form in 10-15 years and the soft secession that is already happening.

• Opportunities in emerging markets, base metals, and other places to look for potential investment.

• Book Recommendation: How To Be Rich by J. Paul Getty.

Podcast Summary

• The situation with the Strait of Hormuz, what it means for the US, and the various supply chains that are impacted by it.

• The nuances that are involved with the situation in Iran, and the lack of second and third order thinking from different media personalities.

• The legal problems facing Netanyahu, and why Israel has influence, but they aren’t the only driving force behind the recent operations in Iran.

• Why the US approach to China’s access to energy is a matter of national security.

• The different islands in play in the Strait of Hormuz, from Qeshm and other islands in the narrowest part of the channel, and why he wouldn’t be surprised to see US Marines taking Qeshm, Hormuz, Larac, and the other small islands.

• The importance of Kharg Island farther north, and why the US has to cut off the flow to reorder the political situation in Iran.

• Why the US is targeting different international choke points, and how other countries have benefited from our role as guarantor of global shipping lanes.

• The AI spending and the brute force approach of the LLM models that make it more power and data hungry than they need to be.

• Why we won’t get AGI until you start working with neural tissue chip arrays.

• The potential for data centers to be used for a digital control grid.

• Why the waves of layoffs are not driven as much by AI and it’s more driven by the middle management bloat that has built up in the system over the last several decades.

• The problems with the hyperfinancialized economy and globalization, how this was tied into the push towards egalitarianism, and the return to a reality based economy.

• How the media environment shapes and pushes different narratives.

• Where things lead with China, and why the US needs to address supply chain deficiencies rapidly because we are behind on that front.

• Canada, why each province is a colonial exploitation zone, and the future of Alberta and Quebec.

• Book Recommendation: On War by Carl von Clausewitz.

Podcast Summary

• The 30,000 foot view of the situation in the Middle East, and why it will rewire the flow of money around the world.

• The return of power politics and the end of the “rules based order”.

• Why there are no coincidences in geopolitics, and the win conditions for the US in the Middle East.

• The power the City of London has over global trade with controls of the levers of insurance, forex, and the Brent oil contract.

• The consequences of what has happened so far in the Middle East and what comes next.

• Why we will see the old petrodollar system change into a different version after the Iran conflict comes to a resolution.

• The future of NATO, Europe, their economy, and why the European powers are chomping at the bit to go to war with Ukraine.

• Why he thinks the consensus on Republicans getting blown out in the midterm will be wrong.

• A key date to watch: April 28, when the King of England comes to the US to address Congress.

• Book Recommendation: Foundation by Isaac Asimov.

Summary

• I-80 Gold is a gold producer and developer focused on Nevada with a straightforward path to half a million ounces of annual production.

• Shares have pulled back in recent weeks along with the other gold miners, and the stock is trading at roughly a quarter of NPV.

• 2026 is set to be heavy on news flow, but the real important piece for investors is the expected completion of the autoclave in late 2027. They currently rely on Nevada Gold Mines (Barrick/Newmont) for processing, which is a huge drag on costs and margins.

• If they execute, by the end of 2027, I-80 will be producing more than 100,000 ounces annually with a functional autoclave. This will make the company a prime acquisition target, likely at multiples of today’s price.

• The CEO recently bought 1M shares, and the management team has past experience and success in a tougher jurisdiction (Africa) during gold’s bear market of the 2010s.

• Recent transactions, including a royalty bought by Franco Nevada, signal smart money confidence, and could lead to an accelerated development timeline for large assets in the pipeline.

• If management executes, the story will become obvious to the market, and I think today’s valuation supports a triple or more by the end of 2027.

I hope everyone is enjoying the long weekend and Easter Sunday this morning, and is looking forward to this week. We have seen a nice bounce in the precious metals complex over the last couple weeks, and I think the worst of the liquidity grab triggered by events in the Middle East is behind us for now. That doesn’t mean it’s straight up and to the right from here, but I doubt we will see another waterfall like we got from the beginning to the middle of March anytime soon. I have been sitting on my hands for the most part since things kicked off in Iran, but I did use the recent selloff in the miners to add a new position to my basket.

The newest purchase is I-80 Gold . My uncle has been poking me to take a look at this one for a while, and I finally pulled the trigger last week after I saw that the CEO made a chunky insider buy a couple weeks ago. It’s based in Nevada, so you don’t have to worry about jurisdiction, and the valuation is very cheap unless you think gold is on its way back to $2,000 per ounce. They have one producing asset that is ramping up, another that is coming online this year, an autoclave facility that is actually the most important piece of their CAPEX budget, and several other projects in the pipeline.

The fact that I-80 has a similar fully diluted market cap to Snowline Gold (both are roughly $2B) doesn’t make much sense to me simply based on what is coming over the next couple years for I-80. If you can hang onto shares for a couple years, I think the market will start to figure out the story over the next year, and it will become blindingly obvious by the time the autoclave is up and running. That rerate can happen even if gold isn’t cooperating, but if gold does provide a tailwind and management executes, I think there is a path to $5 per share or more by the end of 2027.

The Path Forward

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Podcast Summary

• His experience during COVID, and being one of the first to have doctors like Robert Malone and Peter McCullough on his podcast.

• The situation in the Middle East, his problems with putting boots on the ground, and the parallels to the Global War On Terror.

• The difference in the generational point of view when it comes to current events and media.

• How current events and changes in the Overton Window are either a long-term psyop or an emergent phenomenon.

• How psyops and conspiracies have a shorter shelf life today compared to a couple decades ago.

• The modern day Operation Mockingbird equivalent that is happening on social media and podcasts.

• Changes in technology, why we could see power that is too cheap to meter, and the future of AI, and where that leads over the next couple years and for future decades.

• Book Recommendations: Base Nation by David Vine & The Generals Have No Clothes by Will Arkin.

A Quick Update & A New Buy

I have been forcing myself to sit on my hands for the last several weeks, and I think that my post last week about a near term bottom for precious metals and copper might have been pretty well timed. There is some news worth mentioning on one of the holdings I have been sitting on, as well as a new purchase.

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I have heard some people say that this 8D chess, and that Trump doesn’t want the Strait open yet, but I have a hard time seeing how the last month in the Middle East is going to plan. There is news that several refueling and radar planes were damaged or destroyed at the Prince Sultan Air Base in Saudi Arabia, the THAAD system they moved from South Korea to Jordan was destroyed, and there are more rumors about the plans for Kharg Island and what the US has in store on that front. We have started targeting Iranian electricity infrastructure, and now Iran has hit Kuwait’s largest desalination plant, which accounts for almost 40% of their desalination capacity.

Many of the 13 military bases in the region used by American troops are all but uninhabitable, with the ones in Kuwait, which is next door to Iran, suffering perhaps the most damage. Six U.S. service members were killed in a strike on Port Shuaiba that destroyed an Army tactical operations center. Iranian drones and missiles also targeted Ali Al Salem Air Base, damaging aircraft structures and injuring personnel, and Camp Buehring, damaging maintenance and fuel facilities.

- Iran’s Attacks Force U.S. Troops to Work Remotely, New York Times

The Bahrain Refinery, with a capacity of 400,000 barrels per day, is now gone. Multiple aluminum operations in the Middle East have been targeted, and Airgas, one of the largest distributors of gases in the US, has declared force majeure for helium deliveries. People have pointed out that helium is crucial for semiconductor supply chains, but it’s also important for different medical and space applications. The silver lining is that Iran hit the pharmaceutical plant in Israel that makes puberty blockers, so there is that. I’m sure I’m missing several important events of the last week, but the point is that things are moving very quickly now, and the events of the last month are going to be felt for months, if not years.

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As Micheal Yon likes to say, war expands, and war expands unpredictably. He is also predicting a large famine, as several large Russian fertilizer operations have been hit recently with the ongoing conflict with Ukraine. With everything going on now in the Middle East, it’s hard to overstate how ugly supply chains could be before the end of the year. I know I’m starting to sound like a broken record on this topic, but I think it’s prudent to at least stockpile food and water, because things aren’t going to get cheaper in coming months.

Jay Martin Show w/ Luke Gromen & Grant Williams

This was my favorite podcast of the week on financial markets, and they explain why the current situation is simultaneously the easiest and hardest time for macro. As long as Hormuz is closed, nothing else matters. That’s the elephant in the room, but they also cover the media environment, the fog of war, and the propaganda usage on both sides. For all of the stuff that has happened in recent weeks, the US is actually the least impacted by Hormuz closure of any of the major players. I’m not sure when exactly it was recorded, but it looks like a lot of the stuff they talked about has happened this weekend.

Apparently there are rumors from people on the ground that things are worse than we are hearing, which ties into the fog of war topic and is something I discussed last week with Veles. They covered how Russia benefits and where China stands, what the unsanctioning of Russian and Iranian oil means, and how it shows the lack of preparation from US leaders. The changes in the financial and economic systems was where they wrapped up, and they covered why all roads lead to gold, and how most of the market is very complacent about the potential chain reaction that could be coming.

The Tucker Carlson Show w/ Ben Gibney

This one isn’t focused on financial markets, but I think it’s timely with everything going on lately. They talk about the police interrogation footage of Netanyahu, and what is on more than 1,000 hours of tapes. It covered the connections to influential people in the US, and how Netanyahu arranged for the money flowing from Qatar to Hamas. The lead up to October 7th and what happened after. I haven’t seen The Bibi Files yet, but it’s on the list. Conspiracy theorists that have been talking about this for a couple years get another tally in the W column, but for anyone interested in a rabbit hole, this recent Tucker podcast would be a good place to start.