The Contrarian Capitalist Podcast

Protect your wealth. Defend your freedom. Outsmart the system with contrarian market insights, gold, silver, commodities, Plan B strategies, and exclusive expert podcasts. Join thousands taking back control — subscribe today!

Protect your wealth. Defend your freedom. Outsmart the system with contrarian market insights, gold, silver, commodities, Plan B strategies, and exclusive expert podcasts. Join thousands taking back control — subscribe today! https://contrariancapitalist.substack.com/ contrariancapitalist.substack.com

  1. 20h ago

    Mid-Week Macro 21st Oct - Digital ID ramps up, DXY 'cools' & more energy troubles

    This Wednesday 21st October 2026 Mid-Week Macro is sponsored by Norsemont Mining. Norsemont Mining Inc. (CSE: NOM | OTC: NRRSF | FRA: LXZ1) owns the Choquelimpie Project - a past-producing gold-silver mine in northern Chile with a current NI 43-101 mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces. Supported by established infrastructure and high-grade intercepts from surface, Choquelimpie presents a rare exploration and development opportunity in a proven jurisdiction. Adam Fayed and I will be doing another webinar on Tuesday 27th October 2026. FREE Webinar Registration Below. This Mid-Week Macro is also sponsored by Adam Fayed. Adam Fayed and his team help clients worldwide with retirement planning, investments, property, tax strategies, trusts, insurance and Plan B. Book your free no-obligation 1-hour consultation today using the button below and gain clarity on your financial strategy. Please mention The Contrarian Capitalist when you book! NB - This is not an affiliate link Mid-week Polymarket market I’d recommend having a look at the excellent an interactive 2026 Midterm Elections predictions & odds on Polymarket The Rule Symposium 2026 might have been and gone but you can still get access to all of the recordings, up until 31st December 2026. NB - This is an affiliate link and if you chose to buy a virtual ticket then The Contrarian Capitalist will be compensated by Rule Symposium. GoldCore is an international precious metals specialist, offering secure access to physical gold and silver through one of the world’s most robust vaulting and logistics networks. NB - This is an affiliate link and if you chose to store your metals with GoldCore then you will also be helping The Contrarian Capitalist. I do have holdings with GoldCore and can hand on heart say that they do a very good job. Paid subscribers receive high conviction commodity research, weekly macro and commodity wraps with clear traffic light signals, and early access to podcasts and bonus insights. The goal is simple: help you protect capital, understand the real forces driving markets, and identify asymmetric opportunities before they become mainstream. Starting at just $9.17 per month (less than a couple of coffees), it’s cracking value to protect your wealth, defend your freedom and outsmart the system. DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions. Posts to Read Japan’s Electricity Prices Surge 25% As LNG And Coal Costs Soar Bolivia’s Energy Crisis Deepens As Natural Gas Reserves Run Dry This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

  2. 1d ago

    Ben Kelleran - AI CapEx Bubble Risks, Gold Hedges & Western Societal Breakdown

    Today’s podcast guest is Ben Kelleran, Investor, speculator, and occasional degenerate gambler in the markets. CPA and recovering Big 4 auditor. AUDIO IS AVAILABLE HERE Please LIKE, SHARE AND SUBSCRIBE TO THE CONTRARIAN CAPITALIST NB - Recorded on 20th October 2026 PM U.S. Time 10 Key Points from this conversation: * AI CapEx cycle exceeds past infrastructure booms and relies on opaque, illiquid funding that risks a sharp dry-up. * Circular financing (e.g., Nvidia-CoreWeave ties) and growth-at-all-costs incentives create a potential financial train wreck. * AI tools are genuinely useful but heavily subsidized; true unsubsidized prices would be far higher. * Gold, silver and commodities are likely higher over 10 years as inflation hedges; AI persists after a major washout. * Real inflation runs 7–15%; fiat debasement favors physical metals over current bond yields. * Expect yield-curve control and experimentation before bonds become attractive at much higher rates. * Western governments appear at odds with native populations via mass immigration patterns. * France (and similar) unrest stems from non-assimilating inflows prioritizing handouts over host interests. * US midterms risk low Republican turnout if Trump-era promises go unmet; focus shifts to local politics. * Prioritize local impact, side businesses and mental breaks from social media over federal-level fixes. Contact Information & Previous Recordings Please connect with Ben Kelleran at Kontrarian Korner on Substack. Or on X Take control of your financial future with The Contrarian Capitalist. Paid members get commodity and market insights, exclusive macro videos, early interviews, and the tools to build, protect, and grow wealth in uncertain times. Starting at just $9.17 per month (less than a couple of coffees), it’s exceptional value to protect your wealth, defend your freedom and outsmart the system. Thank you for being part of The Contrarian Capitalist community! DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

    Ben Kelleran - AI CapEx Bubble Risks, Gold Hedges & Western Societal Breakdown
  3. 2d ago

    Ted J Butler - Latin America’s Pro-Mining Political Wave & Silver’s Next Demand Drivers

    Ted J Butler is a Senior Analyst at Silver Advisor, co-founder of the Sound Money Report and also chairman at the Swiss Mining Institute. AUDIO IS AVAILABLE HERE Please LIKE, SHARE AND SUBSCRIBE TO THE CONTRARIAN CAPITALIST NB - Recorded on Friday 16th October PM Eastern Time. Take control of your financial future with The Contrarian Capitalist. Paid members get commodity and market insights, exclusive macro videos, early interviews, and the tools to build, protect, and grow wealth in uncertain times. Starting at just $9.17 per month (less than a couple of coffees), it’s exceptional value to protect your wealth, defend your freedom and outsmart the system. Thank you for being part of The Contrarian Capitalist community! 5 Key Takeaways: * A clear rightward political shift across Latin America (Argentina, Bolivia, Chile, Colombia, and likely Brazil) is creating a strongly pro-mining, pro-business environment that attracts foreign investment and supports commodity growth. * Ted’s new role as Chairman of the Swiss Mining Institute positions him at the intersection of this political change and the ongoing commodity supercycle, with a major Panama conference set for April 2027. * Solar demand for silver is falling (projected drop of ~40 million ounces), but this is being offset by rising industrial uses in data centres, drones, humanoid robots, EVs, and related electronics. * Silver’s unmatched electrical and thermal conductivity gives it a durable “moat” in high-performance applications such as drone EMI shielding, making substitution difficult. * Higher energy costs are squeezing mining margins somewhat, yet the sector remains highly profitable; gold’s resilience is helping insulate silver amid rate and oil pressures. Contact Information & Previous Recordings Ted J Butler is also a senior analyst for The Silver Advisor and a contributing writer for The Morgan Report. You can also connect with Ted J Butler on LinkedIn and please do check out the Sound Money Report. Ted is also Chairman at Swiss Mining Institute. If you would like to attend the SMI Conference in Zurich in March 2027 and/or Panama in April 2027, then please send a message to Ted J. Butler or Manuel Bally.Please mention that you have come from The Contrarian Capitalist. Our previous conversations can be found below: DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

    Ted J Butler - Latin America’s Pro-Mining Political Wave & Silver’s Next Demand Drivers
  4. 3d ago

    Norsemont Mining - High-Grade Gold & Path to Production in Chile

    Today’s episode features Norsemont Mining (CSE: NOM | OTC: NRRSF | FRA: LXZ1) CEO & Chairman Marc Levy. Norsemont Mining Inc. (CSE: NOM | OTC: NRRSF | FRA: LXZ1) owns the Choquelimpie Project - a past-producing gold-silver mine in northern Chile with a current NI 43-101 mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces. Supported by established infrastructure and high-grade intercepts from surface, Choquelimpie presents a rare exploration and development opportunity in a proven jurisdiction. AUDIO IS AVAILABLE HERE Please LIKE, SHARE AND SUBSCRIBE TO THE CONTRARIAN CAPITALIST NB - Recorded on Monday 12th October 2026 AM Disclaimer: Paid advertisement on behalf of Norsemont Mining (OTC: NRRSF | CSE: NOM). The Contrarian Capitalist was compensated by Norsemont Mining for producing this interview. Robert Smallbone (The Contrarian Capitalist) holds no securities of Norsemont Mining at the time of this post. Nothing contained in this video/podcast constitutes investment advice. Please do your own due diligence. 10 Key Takeaways: * Chile’s recent shift to a right-leaning government is strongly positive for mining: the new president prioritises jobs, has announced tax cuts (27% → 23%), and is expected to speed up permitting and offer greater support. * Norsemont’s Choquelimpie project sits in Northern Chile with an existing 3,000 tpd plant that can be expanded to 4,500–5,000 tpd, plus duty-free/tax-free zone benefits that allow cheaper equipment imports and a 30% tax credit on infrastructure capex. * Strong local community and government support exists, including the Aymara indigenous community and regional authorities, with locals even protesting in favour of mining permits; the company already supplies water to a neighbouring mine and local farmers. * The project benefits from on-site water (four wells) at ~4,500 m elevation, avoiding the costly desalination pipelines that many other Chilean miners require. * Drilling is largely restricted to April–November because of intense Altiplano lightning storms (December–March); the camp and other work can continue year-round. * Recent Phase 3 drilling delivered strong results, including ~3.59 g/t Au over 41 m (with the final 18 m near 10 g/t) and consistently higher grades at depth; mineralisation now extends well below the previous ~70 m resource limit. * Higher-grade gold at depth, plus over-limit lead/zinc/silver values, support the thesis of a deeper copper porphyry system; the company has expanded its land package by ~30% both to protect mineralisation and to allow future plant expansion. * Key near-term milestones: final environmental study by end-December 2026, PEA and updated resource (expected to grow significantly) in Q1 2027, metallurgical results this quarter, and a path to first production at ~30–40 koz AuEq/year with total capex estimated at ~$50–51 million. * All-in sustaining costs are currently modelled around US$1,000–1,012/oz; at today’s ~US$4,000 gold price this generates substantial free cash flow that could self-fund a larger sulphide plant (targeting ~210 koz/year) with minimal further dilution. * The share register is tightly held; Roughly a dozen investors (including the CEO’s family, a large German family office, Larry Lepard, Crestcat, and others) control ~60% of the company and are focused on long-term production and multi-bagger returns. Norsemont Mining Inc. Latest News Norsemont Hits 41 Meters of 4.59 g/t Gold as Phase 3 Drilling Continues to Expand the Choquelimpie System - 17th Sep 2026 Beaver Creek Presentation - 22nd Sep 2026 Norsemont Provides Choquelimpie Drilling Update - 1st Sep 2026 Corporate Presentation - 17th Sep 2026 Social Media, Previous Recording and IR Contact Twitter: @norsemont LinkedIn: @norsemontmining Facebook: @norsemontmining YouTube: @norsemontmining For more information, please contact the Company at: psearle@norsemont.comInvestor Relations: Paul Searle (778) 240-7724 DISCLAIMER: Paid advertisement on behalf of Norsemont Mining (OTC: NRRSF | CSE: NOM). This post/podcast/video is disseminated on behalf of Norsemont Mining. The Contrarian Capitalist has received compensation from Norsemont Mining. Robert Smallbone (The Contrarian Capitalist) holds no securities of Norsemont Mining at the time of this post/podcast/video. Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions. CC is not liable for representations, warranties, or omissions in its content. By accessing CC content, users agree that CC and its affiliates bear no liability related to the information provided or the investment decisions you make. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

    Norsemont Mining - High-Grade Gold & Path to Production in Chile
  5. Oct 14

    Mid-Week Macro 14th Oct - HOT inflation creates another GOLDEN opportunity

    This Wednesday 14th October 2026 Mid-Week Macro is sponsored by Norsemont Mining. Norsemont Mining (OTC: NRRSF, CSE: NOM) is a Canadian resource development company focused on advancing and developing the past-producing Choquelimpie gold/silver/copper project in Northern Chile. Adam Fayed and I will be doing another webinar on Tuesday 27th October 2026. FREE Webinar Registration Below. Also, from Adam Fayed’s recent e-mail. Please contact advice@adamfayed.com for more information. NB - This is not an affiliate link nor am I personally invested in this. Please mention that you have come from The Contrarian Capitalist. This Mid-Week Macro is also sponsored by Adam Fayed. Adam Fayed and his team help clients worldwide with retirement planning, investments, property, tax strategies, trusts, insurance and Plan B. Book your free no-obligation 1-hour consultation today using the button below and gain clarity on your financial strategy. Please mention The Contrarian Capitalist when you book! NB - This is not an affiliate link Mid-week Polymarket market The Rule Symposium 2026 might have been and gone but you can still get access to all of the recordings, up until 31st December 2026. NB - This is an affiliate link and if you chose to buy a virtual ticket then The Contrarian Capitalist will be compensated by Rule Symposium. GoldCore is an international precious metals specialist, offering secure access to physical gold and silver through one of the world’s most robust vaulting and logistics networks. NB - This is an affiliate link and if you chose to store your metals with GoldCore then you will also be helping The Contrarian Capitalist. I do have holdings with GoldCore and can hand on heart say that they do a very good job. Paid subscribers receive high conviction commodity research, weekly macro and commodity wraps with clear traffic light signals, and early access to podcasts and bonus insights. The goal is simple: help you protect capital, understand the real forces driving markets, and identify asymmetric opportunities before they become mainstream. Starting at just $9.17 per month (less than a couple of coffees), it’s cracking value to protect your wealth, defend your freedom and outsmart the system. DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions. Posts to Read “Flashing Red”: Rate-Hike Odds, Bond Yields Explode Higher After Hotter-Than-Expected CPI | ZeroHedge This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

  6. Oct 13

    John Rubino - Debt Crises, Drone Swarms & the Coming Currency Reset

    Today’s podcast guest is John Rubino of the very popular John Rubino’s Substack. John is a former Wall Street financial analyst, an acclaimed author and a well-rounded student of history. If you are looking to learn about the markets and to understand all things finance, then please do check out his work. AUDIO IS AVAILABLE HERE Please LIKE, SHARE AND SUBSCRIBE TO THE CONTRARIAN CAPITALIST NB - Recorded on Tuesday 13th October 2026 AM 5 Key Takeaways Include: * Extreme debt, Germany’s nuclear shutdown, and French unrest signal widespread financial and cultural decline, especially for nations without a reserve currency. * Cheap drones are overwhelming costly high-tech weapons, exposing the vulnerability of major powers and potentially undermining the dollar’s reserve status. * European shifts toward border control and fiscal restraint may bring reforms but risk chaotic cycles of overreach, unrest, and a messy currency reset. * AI echoes the 1990s tech bubble (transformative yet overvalue) so selective shorts can act as insurance, while copper and uranium offer safer ways to play AI’s energy needs. * Build resilience starting with physical gold and silver, then quality large miners and ETFs before moving to juniors; a multi-year window remains to position ahead of crisis. Contact Information & 2 Must Read Posts You can connect with John Rubino at John Rubino’s Substack. 2 must read posts: Recession Watch: A Tale of Three Countries Will Stablecoins and Gold-Backed Bonds Save The Dollar? Take control of your financial future with The Contrarian Capitalist. Paid members get commodity and market insights, exclusive macro videos, early interviews, and the tools to build, protect, and grow wealth in uncertain times. Starting at just $9.17 per month (less than a couple of coffees), it’s exceptional value to protect your wealth, defend your freedom and outsmart the system. Thank you for being part of The Contrarian Capitalist community! DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

    John Rubino - Debt Crises, Drone Swarms & the Coming Currency Reset
  7. Oct 7

    Mid-Week Macro 07/10/2026 - Brazil, Bullion, Bonds & BS

    This Wednesday 7th October 2026 Mid-Week Macro is sponsored by Norsemont Mining. Norsemont Mining (OTC: NRRSF, CSE: NOM) is a Canadian resource development company focused on advancing and developing the past-producing Choquelimpie gold/silver/copper project in Northern Chile. Adam Fayed and I will be doing another webinar on Tuesday 27th October 2026. FREE Webinar Registration Below. Also, from Adam Fayed’s recent e-mail. Please contact advice@adamfayed.com for more information. NB - This is not an affiliate link nor am I personally invested in this. Please mention that you have come from The Contrarian Capitalist. This Mid-Week Macro is also sponsored by Adam Fayed. Adam Fayed and his team help clients worldwide with retirement planning, investments, property, tax strategies, trusts, insurance and Plan B. Book your free no-obligation 1-hour consultation today using the button below and gain clarity on your financial strategy. Please mention The Contrarian Capitalist when you book! NB - This is not an affiliate link Mid-week Polymarket market Many people are convinced that the October Fed meeting will be a no show. I agree with this. Even so, the odds of a rate hike in December are still very high (over 70% at the time of writing) and it is interesting to see that this has come down from +90% at the end of September. The Rule Symposium 2026 might have been and gone but you can still get access to all of the recordings, up until 31st December 2026. NB - This is an affiliate link and if you chose to buy a virtual ticket then The Contrarian Capitalist will be compensated by Rule Symposium. GoldCore is an international precious metals specialist, offering secure access to physical gold and silver through one of the world’s most robust vaulting and logistics networks. NB - This is an affiliate link and if you chose to store your metals with GoldCore then you will also be helping The Contrarian Capitalist. I do have holdings with GoldCore and can hand on heart say that they do a very good job. Paid subscribers receive high conviction commodity research, weekly macro and commodity wraps with clear traffic light signals, and early access to podcasts and bonus insights. The goal is simple: help you protect capital, understand the real forces driving markets, and identify asymmetric opportunities before they become mainstream. Starting at just $9.17 per month (less than a couple of coffees), it’s cracking value to protect your wealth, defend your freedom and outsmart the system. DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

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out of 5
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Protect your wealth. Defend your freedom. Outsmart the system with contrarian market insights, gold, silver, commodities, Plan B strategies, and exclusive expert podcasts. Join thousands taking back control — subscribe today! https://contrariancapitalist.substack.com/ contrariancapitalist.substack.com

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