Find us at www.crisisinvesting.com

Matt promotes the Crisis Investing newsletter and VIP private placements, citing past returns and highlighting Midnight Sun's gains and the free Experts Roundtable featuring Arizona Eagle Mining. Doug and Matt discuss Spirit Airlines' bankruptcy and criticize a proposed government bailout as state capitalism, then argue the FAA and TSA should be abolished or privatized. They question Trump's claims about saving eight Iranian girls from execution, debate marijuana reclassification, and emphasize personal responsibility and cultural causes of drug use. In listener Q&A, they cover the importance of economics and psychology, skepticism about modern psychiatry, the value of intrapreneurship, risks of invading Iran, defining the deep state, best healthcare abroad (Switzerland, Thailand, Argentina), where private gold is concentrated (China), property vs self-investment, Roth IRA asset choice, private placement minimums, border interrogation, shareholder voting, helium investing limits, tungsten's strategic value, skepticism on South Africa REITs, and the film Barnum World's critique of political rhetoric.

00:00 Newsletter Pitch and Returns

01:21 VIP Deals and Roundtable

02:50 Spirit Airlines Bailout

04:44 Abolish FAA and TSA

05:48 Iranian Girls Tweet Controversy

08:12 Marijuana Rescheduling Debate

12:02 Economics vs Psychology Discipline

16:28 Intrapreneurship at Work

17:47 Invading Iran and Deep State

19:40 Best Healthcare Abroad

21:22 US Healthcare Reality

21:55 Where Gold Is Hoarded

23:33 Property Or Self Investment

27:06 Roth IRA Asset Choices

29:45 VIP Deal Minimums

30:27 Border Tech And Customs

31:55 Shareholder Voting Skepticism

33:13 Helium And Supply Limits

34:40 Tungsten And Critical Metals

36:56 South Africa REITs Debate

40:05 Barnum Statements In Politics

41:58 Wrap Up And Next Week

In today's episode: Good news broke this morning: the Strait of Hormuz is officially open again — assuming you believe what you read in the papers, which Doug emphatically does not. Oil dropped toward $80, gold crept toward $5,000 (a combination Doug calls "a little bit counterintuitive"), and meanwhile C-130s keep flowing into the Middle Eastern theater around the clock. As Doug puts it, "chances are this is just a pause in hostilities — everybody's taking the opportunity to reload."

From there the conversation goes exactly where you'd hope it would.

We get into Pete Hegseth's now-infamous "prayer breakfast," where the Secretary of Defense appears to have lifted Samuel L. Jackson's Ezekiel 25:17 monologue from Pulp Fiction and delivered it to a room of bewildered military brass as scripture. Doug's review was not kind: "It was kind of weak and mealy-mouthed the way Hegseth delivered those lines." His proposed fix? "Next time he ought to put a red bandana around his forehead à la Rambo, strip his shirt off to expose his war-like tattoos, and then deliver it with proper fervor."

Elsewhere in a wide-ranging episode:

• Why coin collecting is dead and what that says about how we think about money

• Doug's characteristically diplomatic take on Ireland's troubles

• The Argentine citizenship-by-investment program that was, then wasn't

• Whether traveling as an American is about to get uncomfortable again (Doug remembers the Vietnam-era Canadian-flag-on-the-backpack trick)

• Human cloning, Multiplicity, and the curious case of Adolfo Cambiasso cloning his best polo ponies — which rather settles the question of whether someone, somewhere, has tried it on people

• An honest look at our private placement track record: the big winners, and the ones that aren't

As Doug reminds us near the end: "We're just leaves drifting down the river of time. We shouldn't concern ourselves with these things — they're above our pay grade anyway."

Have a great weekend,

Matt

Doug and the host discuss how a gloomy zeitgeist has flipped inspirational "hard work pays off" stories into reminders that most people aren't Will Smith, reflecting young people's uncertainty and widening social division that could escalate beyond clashing ideas. They argue an "information war" now relies less on narrative control than flooding the public with competing, plausible, comforting, and gratifying stories that can't be proven, deepening confusion and polarization. The conversation centers on the escalating conflict with Iran, heated disagreements among investors and military professionals, and the market implications of a U.S. blockade and a Strait of Hormuz shutdown, which they warn could trigger fuel shortages, rapid economic contraction, bankruptcies, more money printing, inflation, and a potential bond-market panic, while noting potential geopolitical winners like Israel and possibly China.

00:00 Confusing Times Setup 01:05 Pop Culture Gloom Shift 03:05 Youth Outlook And Civil Strife 05:57 Iran Conflict Sparks Division 07:19 Markets View And Escalation Risks 11:40 Narrative Warfare Flooding 14:18 Why We Believe Stories 18:12 Extraordinary Claims Need Proof 20:31 Iran Narratives And Religion 22:25 No Shared Western Story 23:13 Heroes and Moral Vacuum 24:19 Drug Boats and Rules 25:48 Iran Blowback and Propaganda 30:36 Blockade Escalation Scenarios 33:38 Strait Closure Economic Shock 35:40 Markets Mispricing the Crisis 38:23 Trump Knew the Stakes 41:01 China Advantage and Bond Panic 43:44 Wrap Up and Prepare

Aliens, Energy Shocks, Migration, and Crisis Investing Q&A with Doug

Doug and the host pivot from Iran to UFOs, discussing reports of nine connected people disappearing and a clip of Congressman Tim Burchett reacting to Matt Gaetz's claim of an alien-human hybrid breeding program and calling for disclosure, while the hosts debate the odds of alien visitation and mention alleged underwater craft reports. They then take subscriber questions on energy, arguing coal is undervalued, natural gas is extremely cheap versus oil (about $2.50 vs $100, shifting the usual 6:1 ratio to ~40:1), and explaining LNG's transport constraints and EQT's sensitivity to gas prices. They discuss mass migration into the U.S. from Latin America, speculate on motives, criticize Canadian political "wokeness," address nuclear-war risk and Argentina/Israel relocation rumors, touch on pensions' fragility, explain their Crisis Investing newsletter process, mention a VIP private placement called NAQI (earbud control tech), and share views on trusts.

00:00 Aliens and Disappearances 01:05 Art Bell Memories 02:23 Congress UFO Clip 04:47 Disclosure Day Hype 05:29 Do the Math on Life 08:23 Sci Fi and TV Picks 10:45 Energy Question Coal 12:51 Coal Gas and LNG 15:33 Migration Debate 20:33 Canada NDP Clip Setup 21:12 Canada Genocide Claim 22:52 Trans Surgery And Suicide 24:00 WEF Momentum And War Fears 25:31 Israel To Argentina Rumor 27:26 Technocracy Rabbit Holes 28:04 EQT Natural Gas Selloff 29:03 Shipping Insurance And Straits 31:28 Oil Shock And Australia 33:14 Rebel Vocalists Talk 34:56 Pensions And Dependency Risks 37:25 Newsletter Workflow And Picks 38:19 Private Tech Placement 40:16 Trusts Pros And Cons 42:43 Closing Thoughts And Farewell

Doug and Matt discuss escalating tensions with Iran, criticizing Trump's social media threats of "civilization" ending and calling his behavior unstable, with one suggesting the 25th Amendment. They argue U.S. involvement benefits Israel, dispute the "47 years" framing by citing the 1953 coup, and warn that threatening to cut power to Iran amounts to mass death. They anticipate potential Iranian retaliation against U.S. Gulf interests and infrastructure, triggering oil disruptions, diesel price spikes, global shortages (especially in Asia), and broader financial stress amid high debt and risky junk lending. They consider knock-on effects like reduced civilian air travel, then pivot to refuges and isolated places like Tristan da Cunha's small, lobster-based community. Finally, they assess Dubai's vulnerability in war and financial downturns, noting falling transaction volumes, possible car abandonments, and the city's artificial, hard-to-maintain nature.

00:00 D-Day Iran Threats 01:30 Trump Unhinged Turn 04:27 Bonkers Tweets Read 05:44 Iran History Context 07:21 Blowback and Terror Risk 09:42 Oil Shock Global Fallout 11:02 Debt Markets Unraveling 14:14 Invoke 25th Amendment 16:04 Escape Plans and Islands 17:04 Tristan da Cunha Life 20:42 Dubai Warzone Real Estate 28:25 Nuclear War Fears 29:31 Waiting for Taco Tuesday

Find us at www.crisisinvesting.com

Doug and Matt discuss a podcast featuring MIT professor Ted Postel, agreeing the Iran war is an escalating catastrophe with unavoidable, chaotic economic consequences driven by higher petroleum prices. They answer subscriber questions on how rising diesel impacts mining all-in sustaining costs (estimated 10–25%), how to identify viable new business ideas by solving real problems, and how Doug would start investing today by focusing on currently cheap resource stocks while avoiding becoming a one-trick pony. Doug recounts a few tense travel encounters (Haiti and Congo), outlines private placement risks (illiquidity and funding needy companies) and rewards (discounts and warrants), and says no clear asymmetric trade exists without reliable on-the-ground information. They cover music royalties, Brazil travel and bureaucracy, vaccine skepticism, corn's subsidies versus a bullish ag view, draft avoidance uncertainty, 401(k) dilemmas, dollar devaluation and gold, numismatics demand issues, and Hydrograph as a high-risk speculation where taking a "Casey Free Ride" is prudent.

00:00 Subscriber Q&A Kickoff

00:37 Podcast Takeaways on War

02:20 Economic Shock and Energy Reality

05:11 Mining Costs vs Diesel Spike

06:23 Finding a Business Pain Point

07:42 Starting Investing Today

09:18 Dangerous Travel Stories

13:42 Private Placements Risks

15:23 Asymmetric Bets in Iran War

18:08 Professor Jiang on Long War

21:11 Music Royalties and Dire Straits

22:17 Brazil Outlook and Regions

23:10 Brazil Travel Reality

24:23 Visas And Travel Tightening

25:16 Covid Vaccine Skepticism

27:29 Corn Subsidy Machine

30:08 Corn As Investment

32:05 Draft Avoidance Talk

33:45 Protecting 401k Savings

35:39 Dollar Devaluation And Gold

39:10 Numismatics Exit Strategy

40:40 Women And Preparedness

41:39 Buying Hydrograph Shares

42:52 Hydrograph Buy More Guidance

44:24 Free Ride Speculation Lesson

45:30 Wrap Up And Next Week

Join us at https://www.crisisinvesting.com

The hosts revive a "day in history" segment highlighting William Tyndale's 1523 English Bible translation and argue that Sir Thomas More, though revered as a saint, used authorities to hunt down and execute Tyndale. They then discuss the speaker's recent luncheon talk in Argentina for Rand Paul during his visit, where he said Javier Milei's election is historically important but criticized Milei for not acting like an anarcho-capitalist, citing failures such as not abolishing the central bank, moving Argentina's gold abroad, buying used F-16s, seeking NATO/Ukraine/Israel ties, and keeping foreign exchange controls. They note a $96 homemade MANPADS prototype as evidence of democratized warfare, then assess the US-Iran conflict's changing warfare dynamics, vulnerability of carriers, and risks from Strait of Hormuz disruptions, UAE and Houthi escalation, and attacks on Russian facilities, warning of recession/depression amid rising rates, private credit stress, an AI/data-center bubble, and overvalued markets, while remaining bullish but cautious on gold, gold stocks, and select oil stocks.

00:00 This Day in History Returns 00:24 Tyndale and English Bible 02:48 Saint Thomas More Exposed 04:35 Speech for Rand Paul 05:31 Milei Not Walking Talk 06:45 Gold and Central Bank 08:11 F-16s and NATO Drift 10:52 DIY Manpad and Weapons 12:44 Iran War Lessons 14:21 Carriers and Tankers Vulnerable 15:06 Trump Hegseth and War Spin 19:54 Why War Won't End 20:43 War Versus Energy Shock 22:03 UAE Escalation Risks 23:24 Houthis and Red Sea Chokepoints 24:31 Ukraine Strikes and Blowback 25:48 Iranian Resolve and Retaliation 27:15 Israel and Nuclear Escalation 29:32 Oil Flow and Debt Spiral 31:28 Private Credit and AI Bubble 35:40 Markets in Denial 38:54 Gold and Oil Positioning 40:33 Democratized Warfare Ahead 41:28 Wrap Up and Next Episode

Former Sprott CEO Kevin Bambrough on Hydrograph: Fractal Graphene, Nanotech's Breakout Moment Podcast hosts interview Kevin Bambrough, author and former Sprott CEO, about why he became a major shareholder in Hydrograph and why he believes graphene—specifically Hydrograph's turbo-stratic, fractal graphene aggregates—solves key industry problems like clumping and poor dispersion that plagued earlier graphite-derived approaches.

Bambrough recounts his investing background and explains graphene's sought-after properties (strength, conductivity, EMF shielding) and why Hydrograph's purity and SP2 bonding matter for real-world applications. The panel discusses potential use cases across polymers, coatings, tires, construction materials, batteries, semiconductors, and military needs, plus Hydrograph's patent moat and licensing potential. They cover manufacturing via acetylene/oxygen combustion in a chamber, economics such as a stated $250,000/ton price with far lower required loadings, modular "Hyperion" scaling, work with dozens of companies, and catalysts like EPA approvals, a possible Nasdaq listing, and a Texas gas-plant partnership, while noting execution and IP/theft as key risks.

00:00 Meet Kevin Bambrough

00:32 From Computers to Markets

01:57 Sprott Years and Track Record

03:19 Discovering Hydrograph

05:36 Graphene Hype vs Reality

07:46 Why Graphene Matters

11:21 Hydrograph Fractal Advantage

16:06 Sci Fi Use Cases

20:47 AI Accelerates Innovation

23:26 Moat Patents and Monopoly

26:42 Is the Stock a Bubble

30:59 Flow State Deep Research

35:38 Graphene Types and Construction

40:08 How the Graphene Is Made

41:48 Detonation Cycle Basics

42:34 Fractal Graphene Formation

43:58 Pricing And Battery Value

45:57 Polymer Bottles And Low Loading

49:13 Unit Economics And Scaling

51:59 First Customers And Auto Wins

56:24 Texas Gas Plant Expansion

59:16 Risks Patents And Execution

01:08:51 Catalysts Nasdaq And Deals

01:16:00 Final Takeaways And Wrap

an Supply Destruction, Energy Shortages, and Why Gold Miners Are Still Hated

Doug and Matt discuss escalating conflict in Iran, including attacks on production/refining/shipping facilities and the potential closure of the Strait of Hormuz, arguing markets are underpricing the resulting supply destruction and global knock-on effects already seen in Asia (fuel shortages, reduced air travel, four-day work weeks). They criticize Trump's actions and messaging, speculate about political fallout, and note reported U.S. losses and broader regional disruption, including Dubai's tourism/finance and potential UAE banking stress. They react to Trump promoting watches and seeking a commemorative gold coin, then shift to investing: favoring commodity exposure (corn and possibly rice) due to fertilizer impacts, and urging gradual buying of cheap gold miners given extremely bearish sentiment and low P/E ratios. Subscriber Q&A covers Argentina relocation choices, Uruguay conference timing, "Great Reset" debate, drones, Falklands, media sources, short-term cash parking, war propaganda, carbon credits skepticism, mining catalysts (notably drill results in a bull market), and a coming interview with Hydrograph's largest shareholder pitching a potential 100-to-1 case.

00:00 Iran Strikes Escalate 03:42 Energy Shockwaves Worldwide 07:35 Dubai Fallout and Bank Risk 09:07 Trump Watch Ad Controversy 10:44 Coin Proposal and Removal Talk 12:25 War Losses and Ground Invasion Fears 14:36 Spending Blowout and Staff Resignations 19:02 Insulating With Commodities 20:15 Argentina Relocation Picks 21:54 Subscriber Q and Great Reset Debate 25:26 Drone Delivery Future 26:04 Falklands Refuge Reality 27:44 Rubicon Deep State Show 28:13 Assessing Escobar Sources 29:43 Buying Gold Miners Dip 31:46 Learning Markets Slowly 32:27 Red Pilling Youth Ethics 36:52 Parking Cash Safely 37:39 Iran War Propaganda Logic 40:54 Carbon Streaming Skepticism 42:19 Miners Sentiment Catalysts 45:40 Junior Miner 10x Triggers 47:41 Hydrograph Interview Tease 49:09 Weekend Sign Off

Find us at www.crisisinvesting.com

Doug and Matt discuss a Palantir Maven Smart System demo that fuses multiple military data feeds into one targeting workflow, likening it to "Skynet" and warning that removing the final human approval is near. They cover Anthropic's stance on not enabling "evil" uses versus dependence on government contracts, and debate whether massive AI data center spending could become stranded as models advance quickly and projects like "Stargate" fall apart. Member questions address biometric border expansion and the end of travel privacy, lab-grown/transmuted gold and future supply from seawater, kelp, and asteroids, Cuba's likely collapse and negotiations with the U.S., AI data center local costs, offshore gold storage and impending FX controls, City of London conspiracy claims, portfolio implications of Iran-related oil disruptions, gold miners vs juniors, broker access to Canada, stop-loss risks, Uruguay/Argentina as safer regions, and tech/nanotech as hardest to analyze.

00:00 Palantir Skynet Demo

04:24 Anthropic vs Pentagon

06:25 AI Data Center Bubble

10:19 Buenos Aires Round Table

12:59 Tourism Overcrowding

16:00 Air Travel Breaking Down

19:33 Biometrics and Travel Privacy

23:30 Lab Grown Gold Explained

25:54 Cuba Next on the List

28:17 Local Costs of Data Centers

30:04 Data Center Bubble

30:38 Offshore Gold Storage

32:44 City of London Myths

36:18 Oil Stocks and War

38:21 Gold Miners Strategy

41:42 Accessing Canadian Stocks

43:10 Stop Loss Debate

46:05 Uruguay as Safe Haven

49:16 Israel Iran Motives

53:07 Hardest Stocks to Analyze

55:05 Wealth Transfer Prep

56:35 Wrap Up and Next Week

Oil Spikes, Strait of Hormuz Disruption, and War Psychology: Doug on the Iran Conflict and Market Risk

Doug and the host discuss how oil futures briefly hit $120 amid escalating conflict involving Iran, arguing markets still aren't fully pricing the risks. They call the US action an unprovoked war, stress that wartime information is unreliable, and predict a long conflict followed by a major psychological campaign to build US public support, similar to COVID-era shifts. They cite reported destruction or severe damage to expensive US assets in the Gulf, disruption fears in places like Dubai, and the Strait of Hormuz being effectively closed, taking roughly 20% of global oil supply offline and prompting early global moves like rationing and price controls. They warn government interventions can worsen economic fallout, discuss positioning in commodities (notably a corn ETF) and oil stocks, and advise Americans to "panic early," prepare for fuel/food shocks, possible cyberattacks, and broader supply-chain instability.

00:00 Market Shock and Oil Spike 00:38 Unprovoked War and Propaganda 04:10 Backlash and Free Speech Costs 07:10 Long War and Public Psyops 09:32 Gulf Escalation and Energy Crunch 13:02 Government Meddling and Trade Ideas 22:03 Global Shipping Norms Unravel 28:00 Prepare Early for Domestic Fallout 32:25 Boots on the Ground and Wrap Up