Hidden Forces
Get the edge with Hidden Forces where media entrepreneur and financial analyst Demetri Kofinas gives you access to the people and ideas that matter, so you can build financial security and always stay ahead of the curve.
Navigating the Fourth Turning: Power, Technology, & Moral Decline | Demetri Kofinas
In Episode 401 of Hidden Forces, Demetri Kofinas shares his recent appearance on the Grant Williams podcast in which he and Grant discuss how the interplay of political power, technology, and moral decline in society are driving the unraveling of the social order as we pass through the final stages of what Neil Howe has famously described as “The Fourth Turning.”
Demetri and Grant explore how cyclical historical theories apply to today’s turbulent geopolitics, emphasizing the rise of populism, shifting alliances, and eroding trust in institutions. Kofinas highlights the role of media in shaping collective narratives and exacer...
Taking the Chainsaw to Argentina's Bureaucracy | Federico Sturzenegger
In Episode 400 of Hidden Forces, Demetri Kofinas speaks with Federico Sturzenegger, the current head of the Ministry of Deregulation and State Transformation under President Javier Milei in Argentina.
Demetri asks Sturzenegger about Argentina’s political and economic history in the 20th century, comparing its industrial model, capital markets, and political system to those of the United States. They then explore President Milei’s initiatives to overhaul Argentina’s political economy—including market reforms, changes to labor laws, industry regulations, and price controls.
The conversation covers the progress made so far, the challenges that remain, lessons for the...
Is a Libertarian Revolution Underway in Argentina? | Bowtied Mara
In Episode 399 of Hidden Forces, Demetri Kofinas interviews Bowtied Mara about Argentina’s political history, its economy, the local real estate market, the energy sector, and President Javier Milei’s efforts to revive growth, combat inflation, and liberalize the country’s economy.
In the first hour, Mara and Demetri explore Argentina’s political history and the roots of its economic decline, drawing comparisons with the United States during the pivotal decades of the 1930s and 1940s. They delve into the legacy of Juan Perón, the significance of Peronismo in Argentine politics, what defines a Peronista, and why Javie...
Finding Value in an Upside-down World | Charles Heenan & Geoff Legg
In Episode 398 of Hidden Forces, Demetri Kofinas speaks with Kennox Strategic Value Fund investment directors Charles Heenan and Geoff Legg about their investment framework and macro worldview. Known for their focus on top-quality, sector-leading companies, Charles and Geoff share valuable insights about what it takes to build and manage a portfolio with a long-term, value-driven perspective.
This conversation explores the challenge of finding value in a world that seems to have gone absolutely insane. Not only are developed economies facing challenges and confronting headwinds that require us to think differently about investment risk, but many market participants...
What’s Driving the Rise in Long-Term Bond Yields? | Jim Bianco
In Episode 397 of Hidden Forces, Demetri Kofinas speaks with Jim Bianco, President and Macro Strategist at Bianco Research, about the macroeconomic factors driving the recent rise in bond yields and a range of other variables shaping the economies of the U.S., Europe, and China, as well as their impact on investors' portfolios.
In the first hour, Bianco and Kofinas analyze the factors behind the surge in long-term interest rates across the developed world. Their discussion covers the Federal Reserve's role, concerns about government debt and deficits, inflation, tariff policies, and economic growth expectations amid these potential...
Extinction of Experience: Being Human in a Disembodied World | Christine Rosen
In Episode 396 of Hidden Forces, Demetri Kofinas speaks with Christine Rosen about her book, “Extinction of Experience: Being Human in a Disembodied World,” which explores the cultural and emotional shifts that accompany our embrace of technology and its effects on our experience of life as embodied human beings.
Christine is a senior fellow at the American Enterprise Institute, where she focuses on American history, society and culture, and technology and human behavior. Rosen is also a monthly columnist for Commentary Magazine, one of the cohosts of the popular Commentary Podcast.
Demetri and Christine spend the firs...
Investing in Argentina, AI, and More in 2025 | Zach Abraham & Chase Taylor
In Episode 395 of Hidden Forces, Demetri Kofinas speaks with Zach Abraham and Chase Taylor about the recent revision in the Fed’s summary of economic projections, the investment opportunities in Latin America, the economic effects of the war in Syria, the state of the outgoing Biden administration, and the economic prospects associated with a second and more invigorated Trump administration in 2025.
They spend the first hour discussing how Fed policy, demographics, and systematic passive flows continue to drive mean reversion in equity markets and whether the most recent drawdown is yet another opportunity to buy-the-dip or if th...
The Fall of Damascus and the New Geopolitics of the Middle East | Kamran Bokhari
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...
Will AI Generate a New Growth Wave of Creative Destruction? | Herman Mark Schwartz
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...
National Capitalism & Death of the International Monetary System | Russell Napier
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...