Hidden Forces

Get the edge with Hidden Forces, where podcast host @Kofinas teaches you how to think critically about the systems of power that structure our world.

[Demetri Kofinas @kofinas]

I'm joined by @OpenAI's Head of Strategic Futures, @deanwball, to discuss the intellectual foundations of machine intelligence, the governance frameworks best suited to frontier AI, and what's at stake for society and the individual if we get this wrong.

https://t.co/Uznx5zQd9C

[Hamidreza Azizi @HamidRezaAz]

Many thanks to @kofinas for hosting me once again on @HiddenForcesPod. We discussed the aftermath of the U.S.-Israeli war against #Iran and the MOU that was just signed between Tehran and Washington.

[Demetri Kofinas @kofinas]

I'm joined by @HamidRezaAz — an expert on Iranian foreign policy to discuss the contours of the nascent peace talks and recently signed 14-point MoU between the US and Iran and the dawn of a new regional order in the Middle East.

https://t.co/KlUghDWcyD

[Demetri Kofinas @kofinas]

A fund promising 60% returns to outside investors is claiming to outperform nearly every professional who's ever lived. This is how we know it's a fraud.

Patrick, who made his fortune in multi-level marketing selling insurance to the middle class, knows this better than anyone.

The fact that he accepted 1 million dollars from this scammer to market directly to his audience is not surprising given the culture of his organization. It doesn't mean that he had evidence it was a fraud and chose to promote it anyway. It's just that when you run your business in unethical ways you tend to attract unethical people.

People with integrity don't hang around guys who claim they can generate 2x the returns of Stanley Druckenmiller or Peter Lynch with zero-track record, let alone promote them as their headline sponsor to a crowd of "12,000+ founders and CEOs" who paid up to $17,000 per ticket for the privilege.

[Demetri Kofinas @kofinas]

Manoj Pradhan joins me on @HiddenForcesPod to discuss how aging demographics will lead to a deterioration in developed government finances, ultimately forcing central banks to choose between monetary stability and supporting growth (and employment).

https://t.co/pdqtuXUnDb

[Demetri Kofinas @kofinas]

I'm joined by @MilesTaylorUSA, fmr Chief of Staff at the @DHSgov to discuss the existential stakes of AI development, the erosion of centralized state power, and the domestic security threats that will define the years ahead.

https://t.co/jpHKLCJhD1

[Demetri Kofinas @kofinas]

I'm joined by @WillManidis to discuss the collapse of secular institutional legitimacy, the reassertion of divine faith and political violence as organizing forces, and what AI-generated wealth concentration means for the economy and the social contract.

https://t.co/jjoKFWLPNE

[Demetri Kofinas @kofinas]

I've always felt that Trump was a two-dimensional thinker. His success has come largely from his ability to exploit behavioral norms and from his lack of inhibition, including his use of strategic irrationality.

Up until now, he's operated in a world of laws, norms, and rational expectations, banking on his counterparties' commitments to the status quo and their willingness to de-escalate.

What he did by assassinating Iran's leader alongside members of his immediate family at the war's outset and by continuously acting in bad faith during the course of negotiations has been to change the underlying conditions of the game. He does not seem to recognize that. He certainly hasn't adjusted his behavior accordingly, but it seems that the Iranians have.

What worries me is that this behavior will eventually have the same impact on Chinese calculations, whether through spillover from the current conflict or in some future confrontation. While the world can weather prolonged disruptions to the global economy stemming from the constriction of traffic in the strait, a set of similar strategic miscalculations vis-à-vis China could lead to the most catastrophic war the world has ever seen.

[Demetri Kofinas @kofinas]

I'm joined by @ThematicMarkets to discuss the ongoing US-Israeli military campaign against Iran and its implications for the global economy, global security, and the future of American power.

We open with ... 👇🏼

https://t.co/YaifT0quIw

[ThematicMarkets @ThematicMarkets]

Curious about @ThematicMarkets' research? Here's a great opportunity to taste the cooking with one of the best interviewers in the business, @kofinas!
The 1st hour is free & if you like it, you can subscribe to both @HiddenForcesPod & @ThematicMarkets!

[Demetri Kofinas @kofinas]

Much of what is in this video contains memories that could easily be described as traumatizing to the generations that lived through them. In some cases, these events aren't even a year old.

Were we living in ancient Athens, whoever made it would have been fined into bankruptcy.

[Hidden Forces @HiddenForcesPod]

You are confusing morals with interests. The reason I did not voice strong views on Israel's destruction of Gaza was both because I have long sympathized with Israel's security dilemmas and because the effects were isolated and America's complicity was minimal.

I don't insert myself in foreign conflicts like those between the Israelis and Palestinians, which have a long and storied history of mutual bloodshed and enmity. But the idea that I would not be permitted to have a view on whether or not the United States should allow the Israelis to undermine a ceasefire, without which a resolution of this destructive escalatory dynamic in the Gulf would be impossible is insulting.

The United States is a global empire and it is waging war against Iran that is not in the national interest, primarily because it seems to be in the President's interests, in the interests of Netanyahu (who cannot afford to forgo a permanent war footing), for zealots within his coalition who have expansionary ambitions within their near abroad, and in the interests of certain contractors and firms within the national security and defense space.

Tel Aviv had done a masterful job slowly boiling the Islamic Republic, the IRGC, and its proxies over the last two years. Absolutely MASTERFUL. They sowed dissent, distrust, and paranoia among its ranks and had severely degraded Iran's military and unconventional force projection capabilities in the greater middle east. Combined with recent protests, the ongoing pressure of sanctions, and the desire of many regional states to move into a future of peace and stability, the Islamic Republic was on the clock. The smart thing would have been to continue to test and poke and prod, slowly cooking the regime in its own enzymes. Instead, this reckless coalition of right-wing fanatics in Israel and a President who became drunk on fantasies of rapidly decapitating and colonizing Iran decided to roll the dice on a poorly thought out misadventure which has turned into a strategic defeat for America and risks turning into a bigger one for Israel.

Netanyahu did not act in Israel's best interests. He acted in his own. To the extent that this could have been in Israel's interests, it would have required the US to become bogged down with it in the region. That was also a roll of the dice.

It's ok that you don't see this. What is a shame is that you perceive my views as intolerable. So intolerable, that you would need to block me. And the irony of all this is that you were probably a listener, in part, because you liked my analysis of the US and Israel's strategic victories since October 7th. Now that the same analytic framework leads to a stinging rebuke of that policy, you block me. Common brother...

Anyway...I want to leave this conversation on a more constructive note, which is that while I never enjoy arguing with or turning away listeners of the podcast, I do appreciate that you were a listener and that the show was able to add value to your life and your thought processes for as long as it did.

I wish you the best, and I hope that things take a turn for the better, as I've seen more death and destruction in the last four years than I can continue to bear and covering it weighs on my heart.

[Hidden Forces @HiddenForcesPod]

I identified a set of attributes that when taken together made this presidency unprecedented. (whole ≠ component)

You chose to focus on one of the variables and then try and make the comparison along that specific line.

My response was that I was not drawing that comparison but you continue to want to make that argument, which is a narrow argument that I never tried to make. That's like me saying "No one has ever made a better burger" and you responding with "there have been better tomatoes on other burgers."

It doesn't feeling like you are gaslighting me but that you are genuinely stuck which is why I'm calling it autistic.

[Demetri Kofinas @kofinas]

I'm joined on @HiddenForcesPod by @Rory_Johnston to discuss the economic consequences of this open-ended war in the Gulf and the most plausible scenarios for energy markets and the global economy.

Hint: The scenarios range from bad to really, REALLY bad.

https://t.co/sZZYMATeqX

[Demetri Kofinas @kofinas]

I'm joined by @johnkonrad — one of the most influential voices in commercial shipping — who argues that Trump has a maritime strategy to exploit the ongoing disruption of commercial shipping with a political endgame that few in the media are discussing.

https://t.co/FSEA65P4eI

[Demetri Kofinas @kofinas]

We are living through a generational reordering of the global economy away from free trade and open capital markets toward one increasingly shaped by national interests, clandestine statecraft, and great power competition operating below the threshold of open military conflict.

[Demetri Kofinas @kofinas]

This was one of many insightful anecdotes from @scmallaby’s book. His appearance on Hidden Forces publishes tomorrow morning at 3 AM EST.

[CrossBorder Capital/ GLIndexes @crossbordercap]

This is brilliant book and easily bests '1929' as must read @B_Eichengreen Listen to his @HiddenForcesPod interview @kofinas

[Demetri Kofinas @kofinas]

I'm joined by @TheEconomist's @glcarlstrom to discuss the mood across the Gulf since the US and Israeli began bombing Iran on February 28th, and what the conflict's trajectory reveals about the widening gap between tactical success and strategic victory.

https://t.co/U0rgEt9miD

[Demetri Kofinas @kofinas]

I'm joined by @Jacob__Siegel to discuss the rise of what he calls "The Information State", a new form of political regime that governs not through force or democratic consent, but by controlling the codes and protocols of the digital world.

https://t.co/tj6VdvO95y