Episode 938: Venezuela’s Future
Newt's World
Gingrich 360
4.6 • 6.4K Ratings
🗓️ 24 January 2026
⏱️ 25 minutes
🧾️ Download transcript
Summary
Newt talks with Tracy Shuchart, Senior Economist at NinjaTrader Live and the author of “The Venezuelan Oil Narrative is Pure Theater.” They discuss her insights on Venezuela's geopolitical and economic landscape. Shuchart argues that the current narrative focusing on Venezuela's oil is misleading, emphasizing instead the significance of critical minerals and the influence of China, Iran, and Russia in the region. She highlights Venezuela's vast deposits of rare earth minerals, which are crucial for advanced technologies and national security, and warns of China's dominance in this sector. Shuchart also details the involvement of Iran and Russia in Venezuela, noting the presence of Iranian weapons and Russian military advisors, which pose a national security threat to the United States. Despite the removal of Maduro, Shuchart suggests that the regime's core remains intact, and significant changes in Venezuela's governance are yet to be seen. She also discusses the broader implications of shifting supply chains away from China, a move encouraged by the current U.S. administration to bolster North American mining and reduce dependency on Chinese processing. Shuchart's analysis underscores the complex interplay of economic and geopolitical factors shaping Venezuela's future and its impact on global markets.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.3 | Guaranteed Human. |
| 0:08.7 | On this episode of News World, my guest today is Tracy Schuart, a senior economist for Ninja Trader Live. |
| 0:17.7 | And her role, she delivers daily insights on key macroeconomic events, analyzing their |
| 0:24.1 | significance, and how they act as the driving force in the financial markets. She's just |
| 0:30.9 | written two fascinating articles about Venezuela on Substack, which caught my attention. |
| 0:42.7 | The Venezuelan oil narrative is pure theater and uninvestable, |
| 0:46.7 | why Big Oil is apprehensive about Trump's Venezuela deal. |
| 0:50.9 | I was fascinated to hear her take on Venezuela, |
| 0:55.8 | and I am very pleased to welcome Tracy SchuCard as my guest. |
| 1:13.9 | Tracy, welcome, and thank you for joining me on Neut's World. |
| 1:15.5 | Well, thank you. |
| 1:17.1 | The pleasure is all mine. |
| 1:20.0 | Yeah, before we get to Venn as well, I'm just curious. |
| 1:27.7 | Can you tell us a little bit about your own background and what you currently do as a senior economist for Ninja Trader? |
| 1:34.5 | Yes, so my background, I started in the commodities world at the Chicago Board of Trade. |
| 1:38.6 | So that is my background is specifically in commodities. |
| 1:48.0 | And I am now with Ninja Trader as their senior economist. Ninja Trader is the first to offer retail traders and on ramp to the world of futures and has spent over 20 years educating |
| 1:53.8 | and equipping traders with best-in-class tools to participate in a fast-growing asset class of commodities and the futures markets. |
| 2:04.6 | And we now are streaming live every morning. I have a macro show on Ninja Trader live, |
| 2:11.1 | discussing all aspects of the economy with an emphasis on the commodity markets. |
| 2:17.3 | So people who want to get in on that, do they then subscribe to Ninja Trader Live? |
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