Gonzo Finance! <h1>Hugh Hendry is an Award Winning Hedge Fund Manager, Market Commentator, Thought Leader, St Barts Real Estate Investor &amp; Surfer.</h1> Full episodes are available at https://www.patreon.com/HughHendry and https://hughhendry.substack.com

<a target="_blank" href="https://www.buzzsprout.com/twilio/text_messages/1017043/open_sms">Send us a text</a>The fuse is already burning. This isn’t empire. This is captivity masquerading as privilege. For decades, the dollar system was sold as sovereign strength. But behind the curtain, it was scaffolding, a fragile architecture supporting global imbalances that no one dared to fix. China floods us with goods. We print the debt. They hoard the collateral. This isn’t trade. It’s a hostage exchange. America supplies the deficits; the world returns them as liabilities. The Fed isn’t king. The Fed is janitor. QE wasn’t stimulus. QE was retaliation. It crushed real rates, drained foreign rentiers, and exposed the parasitic model for what it was: tribute disguised as liquidity. The pegs were never anchors, they were fuses waiting for ignition. A conduit for sovereign retaliation.External price fixed. Target domestic prices. A massive property bubble. Chinese Metropolises flaring incandescently. China’s yuan weakens not to grow, but to survive. Devaluation at the bottom isn’t stimulus. It’s deflationary warfare. Japan faces its own reckoning. The yen’s collapse is no longer unthinkable. The credibility of their collateral is evaporating. The capital flow reverses. The bid on Treasuries vanishes. And so the Fed faces its final choice: defend equities or defend the sovereign bond. There will be no third option. Duration is destiny. The safe asset becomes the kill switch. This is no longer a functioning market. It’s a monetary knife fight. AI roars forward. Capital misallocates. Asset bubbles swell as wages stagnate. Consumption shrinks. Inflation morphs into impoverishment. We stand at the ledge: one step from euphoria, one step from collapse. A new 1990s or a new 1930s. The myths are dead. The structures brittle. The old rules obsolete. Exorbitant privilege? That era has closed. The dollar remains but not as a throne. As a contract. As a negotiation. As the final line holding the system together. The park opens in five minutes. Subscribe to Substack before the gates slam shut. 🖤⚔️💣⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ <a href='https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbm5NNXRVZGFVVkJ2U3lBNTE1VVgybWp5OXhGZ3xBQ3Jtc0trTnQxOV9lb1R6SUR0bi1GUEh0aFFCdW1kRUFjUU9qS1kxTkVNX1hOckF6c2VTUEU0bmxrdmpfZ3h0enlvb0dHanNudXFQR25mSGdtQTR4VmZyaWwxeWFDel9sVVpIRGV1MEpiajVYa3pSTmtVWG1rYw&q=https%3A%2F%2Fwww.patreon.com%2FHughHendry&v=Z_w41bjHSYY'>https://www.patreon.com/HughHendry</a> <a href='https://hughhendry.substack.com'>https://hughhendry.substack.com</a> <a href='https://www.instagram.com/direct/inbox/'>https://www.instagram.com/</a><a href='https://www.instagram.com/hughhendryofficial/'>hughhendryofficial</a> <a href='https://blancbleustbarts.com/'>https://blancbleustbarts.com</a> <a href='https://www.instagram.com/blancbleuofficial/'>https://www.instagram.com/blancbleuofficial</a> ⭐⭐⭐⭐⭐ Leave a five star review and comment on <a href='https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978'>Apple Podcasts!</a> 🧢 <a href='http://acidcap.com'>Hats & Merch </a> 📸 <a href='https://www.instagram.com/hughhendryofficial'>Instagram</a> 🐦 <a href='https://www.twitter.com/hendry_hugh'>Twitter / X</a> 📩 <a href='https://hendryhugh.substack.com'>Substack</a> 👂Listen and 🔥 Subscribe 📺 <a href='http://youtube.com/hughhendryofficial'>YouTube</a> 🎧 <a href='https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978'>...</a>

The ACID Capitalist Podcast

The Dollar: From Beast to Burden, P.1

<a target="_blank" href="https://www.buzzsprout.com/twilio/text_messages/1017043/open_sms">Send us a text</a>Wild bets, hot streaks, and a little market seduction.The acid capitalist is back, sunburnt and shirtless, broadcasting straight from St. Barts with sand in his toes and a dollar short in his hand. This is Confessions Part II, the origin story sharpened, scuffed, and refitted for today’s volatility junkies. If finance had a Tarantino cut, this is it.We rewind to the end of 2002. The Nasdaq’s wreckage still smoldering. The S&P up 9 percent. Me? Flat for the month, down 4.9 percent since launch. A hedge fund rookie trading like he’s strapped to a rocket and reading tea leaves in reverse. There were no parades. No consensus. Just my gut, and it was twitching.I placed my first real bet, short the dollar. The Dixie was at 110. Five years later, it would bleed to 70. Back then, they laughed. Now they squint at the same charts, claiming they saw it coming. They didn’t. But I did. Commodities stopped dying. Gold stopped bleeding. Something turned. And I felt it.This episode isn’t about P/E ratios. It’s about instinct. Rage. Faith. Hunger. It’s about building Eclectica not as a fund but as a fever dream. I didn’t chase storms. I waited for them. I didn’t knock. I picked the lock. That investor? That was me.We talk Amsterdam Commodities, no website, no pitch deck, no interest in seduction. It smelled of hash and history. It was cheap, opaque, and irresistible. And it hit. Like a ten-bagger. Like something better than sex. No, seriously, would you rather have a one-night stand or a tenfold return on your weirdest position?Oh, and then there’s Brazil. The one that ghosted me. The stock I dumped, live, while staring through the glass of their too-polished HQ. They didn’t show me respect. So I showed them the door.This is the cockpit view of macro. Of madness. Of the market as mythology. No suits. No soft landings. Just you, me, and a twitch in the eye of the storm. Press play.⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ <a href='https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbm5NNXRVZGFVVkJ2U3lBNTE1VVgybWp5OXhGZ3xBQ3Jtc0trTnQxOV9lb1R6SUR0bi1GUEh0aFFCdW1kRUFjUU9qS1kxTkVNX1hOckF6c2VTUEU0bmxrdmpfZ3h0enlvb0dHanNudXFQR25mSGdtQTR4VmZyaWwxeWFDel9sVVpIRGV1MEpiajVYa3pSTmtVWG1rYw&q=https%3A%2F%2Fwww.patreon.com%2FHughHendry&v=Z_w41bjHSYY'>https://www.patreon.com/HughHendry</a> <a href='https://hughhendry.substack.com'>https://hughhendry.substack.com</a> <a href='https://www.instagram.com/direct/inbox/'>https://www.instagram.com/</a><a href='https://www.instagram.com/hughhendryofficial/'>hughhendryofficial</a> <a href='https://blancbleustbarts.com/'>https://blancbleustbarts.com</a> <a href='https://www.instagram.com/blancbleuofficial/'>https://www.instagram.com/blancbleuofficial</a> ⭐⭐⭐⭐⭐ Leave a five star review and comment on <a href='https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978'>Apple Podcasts!</a> 🧢 <a href='http://acidcap.com'>Hats & Merch </a> 📸 <a href='https://www.instagram.com/hughhendryofficial'>Instagram</a> 🐦 <a href='https://www.twitter.com/hendry_hugh'>Twitter / X</a> 📩 <a href='https://hendryhugh.substack.com'>Substack</a> 👂Listen and 🔥 Subscribe 📺 <a href='http://youtube.com/hughhendryofficial'>YouTube</a> 🎧 <a href='https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978'>...</a>

The Acid Sex Tapes - Confessions of a Hedge Fund Manager

<a target="_blank" href="https://www.buzzsprout.com/twilio/text_messages/1017043/open_sms">Send us a text</a>This week, I offer you a barefoot sermon from the battlefield of economic memory. A walk from Hamilton to Trump. From Ricardo to Argentina. From Abraham Lincoln’s top hat to the red-capped defiance of tariff diplomacy. A retelling of the American experiment through its most potent and most misunderstood weapon: the tariff. I argue here that Donald Trump, however clumsy and chaotic, reignited a long-dormant Hamiltonian flame. Like Lincoln before him, who used tariffs not only to industrialize the North but to bleed the profits from slavery’s Southern engine, Trump reached for tariffs not as isolation, but as revolt. The goal was disruption of the quiet exploitation that still oils the gears of the global economy. We begin with Hamilton. In 1791, he laid the blueprint for industrial sovereignty. While Britain imagined America as a spice colony, exporting raw goods and importing refinement, Hamilton saw something else. He saw factories. Foundries. Credit. Fire. His tariffs were not walls, but scaffolds. They wrapped the infant industries of the North in protection until they could stand on their own. Then came Ricardo, bond guru, master of the ledger. He preached comparative advantage, but assumed capital stayed still. That the factory would never chase the lowest wage. That trade was neutral. That power did not intervene. Hamilton saw the flaw long before it became scripture. Ricardo’s theory, elegant on paper, became a passport for colonial subjugation. Had America followed it, she might have become another Argentina. Rich in soil. Poor in ambition. Governed by landlords. Exporting the future in exchange for someone else’s present. Build the factory. Raze the plantation. Lincoln saw it in cotton. Trump saw it in Asian factories. In both cases, the profit was buried in the poison, and each man, in his own era and fashion, had the rare courage to call it by its name. To strike slavery at its roots and build a more enduring republic, Lincoln didn't reach first for cannonballs or proclamations. Like his illustrious predecessors, he reached for the balance sheet. He understood that if you make the ledgers bleed, the system follows. That was his courage. Over a century later, Trump looked out across a global economy that had been polished to a shine and san⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ <a href='https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbm5NNXRVZGFVVkJ2U3lBNTE1VVgybWp5OXhGZ3xBQ3Jtc0trTnQxOV9lb1R6SUR0bi1GUEh0aFFCdW1kRUFjUU9qS1kxTkVNX1hOckF6c2VTUEU0bmxrdmpfZ3h0enlvb0dHanNudXFQR25mSGdtQTR4VmZyaWwxeWFDel9sVVpIRGV1MEpiajVYa3pSTmtVWG1rYw&q=https%3A%2F%2Fwww.patreon.com%2FHughHendry&v=Z_w41bjHSYY'>https://www.patreon.com/HughHendry</a> <a href='https://hughhendry.substack.com'>https://hughhendry.substack.com</a> <a href='https://www.instagram.com/direct/inbox/'>https://www.instagram.com/</a><a href='https://www.instagram.com/hughhendryofficial/'>hughhendryofficial</a> <a href='https://blancbleustbarts.com/'>https://blancbleustbarts.com</a> <a href='https://www.instagram.com/blancbleuofficial/'>https://www.instagram.com/blancbleuofficial</a> ⭐⭐⭐⭐⭐ Leave a five star review and comment on <a href='https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978'>Apple Podcasts!</a> 🧢 <a href='http://acidcap.com'>Hats & Merch </a> 📸 <a href='https://www.instagram.com/hughhendryofficial'>Instagram</a> 🐦 <a href='https://www.twitter.com/hendry_hugh'>Twitter / X</a> 📩 <a href='https://hendryhugh.substack.com'>Substack</a> 👂Listen and 🔥 Subscribe 📺 <a href='http://youtube.com/hughhendryofficial'>YouTube</a> 🎧 <a href='https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978'>...</a>

The Spice And The Ledger

<a target="_blank" href="https://www.buzzsprout.com/twilio/text_messages/1017043/open_sms">Send us a text</a>A beachside macro sermon on whale liquidations, a 5700 S&P play, and why Treasuries are the keystone to everything. Solana trades, SOFR action, and The Acid Capitalist’s call to be volatile, be violent, be legendary. Stay acid.⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ <a href='https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbm5NNXRVZGFVVkJ2U3lBNTE1VVgybWp5OXhGZ3xBQ3Jtc0trTnQxOV9lb1R6SUR0bi1GUEh0aFFCdW1kRUFjUU9qS1kxTkVNX1hOckF6c2VTUEU0bmxrdmpfZ3h0enlvb0dHanNudXFQR25mSGdtQTR4VmZyaWwxeWFDel9sVVpIRGV1MEpiajVYa3pSTmtVWG1rYw&q=https%3A%2F%2Fwww.patreon.com%2FHughHendry&v=Z_w41bjHSYY'>https://www.patreon.com/HughHendry</a> <a href='https://hughhendry.substack.com'>https://hughhendry.substack.com</a> <a href='https://www.instagram.com/direct/inbox/'>https://www.instagram.com/</a><a href='https://www.instagram.com/hughhendryofficial/'>hughhendryofficial</a> <a href='https://blancbleustbarts.com/'>https://blancbleustbarts.com</a> <a href='https://www.instagram.com/blancbleuofficial/'>https://www.instagram.com/blancbleuofficial</a> ⭐⭐⭐⭐⭐ Leave a five star review and comment on <a href='https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978'>Apple Podcasts!</a> 🧢 <a href='http://acidcap.com'>Hats & Merch </a> 📸 <a href='https://www.instagram.com/hughhendryofficial'>Instagram</a> 🐦 <a href='https://www.twitter.com/hendry_hugh'>Twitter / X</a> 📩 <a href='https://hendryhugh.substack.com'>Substack</a> 👂Listen and 🔥 Subscribe 📺 <a href='http://youtube.com/hughhendryofficial'>YouTube</a> 🎧 <a href='https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978'>...</a>

Hugh Hendry

The ACID Capitalist Podcast by Hugh Hendry

Hugh Hendry is an Award Winning Hedge Fund Manager, Market Commentator, Thought Leader, St Barts Real Estate Investor & Surfer.

Episodes