What's up, everybody?

My name is Demetri Gaffinus, and you're listening to Hidden Forces, a podcast that inspires investors,

entrepreneurs, and everyday citizens to challenge consensus narratives, and learn how to think critically

about the systems of power shaping our world.

My guest in this episode is Mark Spindell, the co-founder and chief investment officer of Potomac River Capital,

a discretionary global macro-advisor focused on understanding and monetizing government policies,

especially those of central banks and finance ministries.

Mark was at our recent genius dinner in Washington, D.C., where the theme of the discussion

revolved around the Trump administration's economic and national security policies and their

implications for investors.

Building on that foundation, we spend the first hour evaluating Trump's first 100 days in office, assessing

his policy objectives and his effectiveness in turning those policies into tangible economic

and political victories for his administration. We discussed the potential for tariff-induced

supply chain disruptions, price increases, higher borrowing costs, lower asset prices, and a decline

in the relative value of the U.S. dollar, driven by a broader rejection of the United States's

role as the primary proponent of free trade and as the chief advocate for and guarantor of

the Post-Bretton Woods International Monetary and Trading Order.

In the second hour, Mark and I focus on the investment implications that stem from these insights,

and what a more accurate understanding of government policy and its effect on markets,

means for equity and bond performance, the role of alternative safe assets like gold,

and how to position yourself and your portfolio for an investment environment where government

policy plays a much bigger role in determining market outcomes than anything we have seen in

...