The Covered Call Podcast Podcast

In this episode, Louis Vincent Gave discusses macroeconomic shifts, energy markets, geopolitical risks, and the impact of AI on the economy. He shares insights on China's role, energy diversification, and the evolving global power dynamics, providing a comprehensive macro perspective. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

Join Lovis and Jason in this engaging overtime episode as they explore global geopolitics, US policies affecting foreign entrepreneurs, cultural differences, and insights from classic books like Taipan and Influence. Discover how long-term thinking, cultural perspectives, and strategic policies shape our world and personal success. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

In this engaging conversation, Rick Rule shares his insights on the current economic landscape, touching on various themes such as the importance of understanding market dynamics, the role of optimism in investing, and the necessity of adapting investment strategies to changing geopolitical contexts. He emphasizes the significance of generating utility for others and the need for investors to be proactive in their approach, while also addressing common mistakes made by investors. The discussion also delves into the oil and gas market, the future of commodities, and the importance of dividends in investment strategies. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

In this episode of The Covered Call, we reconnect with Florian Strauf, a previous guest, to discuss our and his journeys towards financial independence and the various projects we are currently pursuing. The conversation touches on the importance of financial freedom as a pathway to personal freedom, and how their podcast has evolved over the past year. They share insights on the power of networking and warm introductions in building relationships and expanding their guest list, emphasizing the value of personal connections in professional growth. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

In this conversation, Lovis Kauf and Jason engage with Stephan Kinsella, a prominent libertarian theorist, to explore the principles of libertarianism and anarcho-capitalism. They discuss the implications of intellectual property laws, the nature of the state, and the concept of aggression in relation to property rights. Kinsella argues that the state inherently commits aggression and that true freedom is rooted in individual rights and the pursuit of happiness. The discussion also touches on the future of liberty in the context of technological advancements and the potential for a post-scarcity society. Kinsella emphasizes the importance of empathy and cooperation in achieving a harmonious society, while also critiquing the inefficiencies and corruption associated with state power. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

Eric Yeung (@KingKong9888) discusses the shifting dynamics between the East and West, particularly in the context of precious metals like gold and silver. He highlights the growing trend of de-dollarization among nations, the increasing importance of physical gold as collateral, and the implications of stablecoins in the global financial system. Eric also delves into the paper versus physical gold market, emphasizing the discrepancies and potential risks involved. The discussion culminates in a forward-looking perspective on the future landscape of global finance, particularly regarding the role of digital currencies and the evolving economic strategies of nations. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

In this episode of The Covered Call, we sit down again with Jayant Bhandari — one of the most provocative and intellectually fearless thinkers we’ve had on the show.In our first conversation, Jayant challenged us to rethink freedom, truth, and the cultural foundations of civilization. Since then, we’ve joined him in Vancouver at his Capitalism & Morality conference — where voices like Rick Rule, Maxime Bernier, Stephan Kinsella, and Amy Wax pushed the boundaries of honest debate.In this new episode, Jayant expands on those ideas — warning that the West is moving toward instability and civil conflict, not because of external enemies, but because of a thousand small compromises eroding trust, discipline, and cultural coherence.We discuss:* Why homogeneity — not diversity — underpins stable, high-trust societies.* How political correctness turned schools into propaganda machines.* Why China’s rise is cultural as much as economic.* What India’s decline reveals about leadership and social philosophy.* And why truth-seeking demands both financial freedom and moral courage.Jayant’s insights are controversial, sharp, and difficult to ignore. Whether you agree or not, this conversation forces you to confront uncomfortable realities about the world we’re living in — and the civilizations we may yet lose.Watch or listen now wherever you get your podcasts.Best,Lovis & JasonPS.: This episode was released with about 2 months of time delay. Since a certain important character is mentioned several times, we thought it prudent to let the heat of the discussion die down. This is self-censorship, make no mistake about it - and we are not proud to do it! But rather than editing it out, we thought this was a way to have our cake and eat it too. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

In this conversation, Doomburg discusses the current geopolitical landscape, focusing on the war in Ukraine, the economic implications of sanctions, and China's strategic maneuvers in the global arena. The dialogue explores the potential collapse of the European Union, the role of energy in shaping international relations, and the cultural narratives that influence public perception. Doomburg emphasizes the importance of resilience and adaptation in the face of these challenges, while also introducing a new cultural initiative aimed at reinvigorating classic literature. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

In this conversation, Deborah Lehr shares her extensive experience in US-China relations, trade negotiations, and her insights on green finance and biodiversity. She discusses the evolution of the WTO, the geopolitical shifts affecting global power dynamics, and the importance of cultural heritage and environmental preservation. Deborah emphasizes the emerging opportunities in the Middle East and the role of individuals in making a significant impact in global affairs. The discussion highlights the interconnectedness of economic growth, environmental sustainability, and cultural heritage preservation. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

In this episode of The Covered Call, we sit down with Maxime Bernier — former Canadian cabinet minister, founder of the People’s Party of Canada, and one of the few politicians who’s actually walked away from power to defend principle.Maxime spent over a decade inside Canada’s political machine before saying enough was enough. In this conversation, he breaks down why the West is in decline — not just economically, but morally and philosophically — and why liberty, not bureaucracy, is the only real cure.We talk about:* The coming monetary reset and why gold will reprice the entire system* How mass welfare and mass immigration are eroding the social fabric* Why comfort is killing our freedom* And what it takes to leave behind a life of political privilege to stand for convictionA note about this episode:This isn’t a policy debate — it’s a look at the deeper civilizational struggle between freedom and control, responsibility and dependency. Maxime is banging the drum for mass deportations pretty hard, and this rhetoric rubs us, as the hosts of the show, a bit wrong. We are both guests in the countries we choose to live in, and believe in small, efficient government and cannot earnestly reconcile that a small government would engage in actions such as mass deportations. In our own opinion, a small government would rather address the underlying incentives to curb and reverse the kind of immigration that would bring a society over its “carrying capacity”. Please listen to the end, where Jason and Lovis recap and share more of our personal view on the subject.Stay free,Lovis & Jason This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

We’re back with one of our favorite guests — Rick Rule — just as gold crosses $4,000 an ounce.Last time Rick joined The Covered Call, Bitcoin had hit $100,000. This time, he’s back to explain why the arithmetic of America no longer adds up - and why that’s great news for people with real skills.Rick argues that what’s coming isn’t an honest default, but a dishonest one - a slow erosion of purchasing power disguised as stability.But instead of despair, he offers a blueprint for thriving in chaos:“People who deliver real utility in a free market will do extraordinarily well.”In this conversation, we cover:* Why inflation isn’t an accident, it’s policy.* How to use volatility and liquidity to your advantage.* Why the next decade will punish the entitled and reward the capable.* Why Rick is “celebrating retirement by starting a bank.”* What true freedom means in an age of dishonest money.Rick’s message is timeless - and timely: crisis is the sorting mechanism that separates the useful from the dependent.If you enjoy it, share it with someone who’s preparing for the next decade rather than hiding from it.See you inside,Jason & Lovis This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

What does energy have to do with freedom? More than you might think.We sat down with David Fishman, an American who is a longtime China resident, energy consultant, and writer of Crossing the River by Feeling the Stones. David has spent over a decade inside China’s transformation, advising multinationals on nuclear, renewables, and grid economics - while also telling the stories of ordinary people navigating those changes. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

In this conversation, Lovis and Jason engage with Rahim Taghizadegan, a true Austrian economist, to explore the concept of praxeology, the complexity of human action, and the relevance of Austrian economics in today's society. They discuss the importance of realism in economics, the role of community in learning, and the challenges posed by uncertainty in economic systems. The conversation also touches on the decline of trust in institutions, cultural perspectives on freedom, and the impact of technology on economic change. Throughout, they emphasize the need for resilience, critical thinking, and adaptability in navigating the future of economic systems. In this conversation, the speakers explore the drivers of change in Europe, the complexities of democracy, and the emerging role of Bitcoin as a wealth asset. They discuss the limitations of gold compared to Bitcoin, the future of Bitcoin adoption, and the implications of state involvement in wealth redistribution. The conversation highlights the dynamic nature of political and economic systems, emphasizing the need for adaptability and critical thinking in understanding these changes. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

We just got back from 12 days on the ground in China—what we’re calling the Middle Kingdom Expedition—and sat down while the jet lag was still fresh to capture our impressions.This wasn’t a sightseeing tour. It was a boots-on-the-ground, trains-and-taxis, cigars-and-coffee kind of trip—ten cities in twelve days—meeting people, building connections, and getting a firsthand feel for life and business in modern China.We went in with plenty of questions and a few preconceived notions. Some were confirmed, many were flipped upside down.From Shenzhen’s whisper-quiet electric streets to unexpected home-cooked dinners with near-strangers, the warmth and openness we encountered caught us off guard—in the best possible way.In this episode, we talk about:* The surprising beauty and style of Chinese cities* Cultural nuances that unlock deeper connections* Why politics rarely came up (and why that matters)* The vanishing expat scene—and the opportunities that might create* Our biggest takeaways for anyone curious about working with China todayWhether you’re China-curious, a fellow freedom seeker, or just here for the travel stories, this one’s packed with moments that made us stop and say, “Wait, this isn’t what I expected.”See you inside,Lovis & Jason This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

In this conversation, Peter Alexander shares his extensive experience and insights on the complex relationship between the United States and China. He discusses the misconceptions surrounding China, the impact of sanctions, and the need for a more nuanced understanding of China's strategic goals. The dialogue emphasizes the importance of cooperation over competition and explores potential paths for a collaborative future between the two powers.Chapters00:00 The China Conversation Nobody Wants to Have06:02 Understanding the Current US-China Relations11:44 China's Strategic Moves in Technology and Trade16:40 The Underestimation of China's Capabilities23:30 China's Global Image and Soft Power25:00 Understanding China's Export Dynamics30:24 The U.S. Response to China's Economic Strategies35:58 China's Manufacturing Efficiency and Quality Improvements43:55 The Shift in Global Technology and Innovation49:35 Navigating U.S.-China Relations: Cooperation vs. Competition56:59 The Complementary Nature of US-China Relations01:05:26 Understanding China's Capitalism01:13:35 The Chinese Perspective on Global Events01:18:29 Envisioning a Collaborative Future01:23:29 The Path Forward for US-China Relations01:26:25 Overtime This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

Willem Middelkoop shares his extensive career journey, emphasizing the importance of curiosity, independence, and understanding financial systems. He discusses his various roles, from photojournalism to fund management, and highlights the significance of being adaptable and open to new opportunities. Willem delves into the complexities of the financial system, the current geopolitical landscape, and the future of investments, advocating for a proactive approach to wealth management. He defines freedom not just in financial terms but as a state of being that allows for personal exploration and fulfillment.TakeawaysWillem emphasizes the importance of freedom and independence in his life.Curiosity drives Willem's career choices and investments.He believes in opening multiple doors to opportunities.Understanding money is crucial, as many take it for granted.Willem's journey reflects a balance between risk and reward.He advocates for a proactive approach to investing.The current geopolitical landscape presents both risks and opportunities.Willem defines happiness as a consistent state of being, not just peak moments.He believes the journey of investing is more fulfilling than the destination.Willem's philosophy encourages following one's inner compass. Chapters00:00 Introduction to Willem Middelkoop04:41 Willem's Career Journey and Philosophy12:33 The Importance of Curiosity and Flexibility21:25 Understanding Money and Financial Independence29:14 The Complexity of the Financial System36:39 Traveling and Observing Economic Disparities48:37 Defining Freedom and Independence49:04 Finding Happiness in Simplicity51:01 The Journey vs. The Destination52:14 Understanding Wealth and Financial Freedom54:56 Navigating Global Financial Shifts58:45 Investment Strategies for the Future01:01:19 The Joy of Daily Routines01:05:06 Reflections on Career Choices01:08:17 The Future of Investing and Personal GrowthLinks:Commodity Discovery Fund: https://en.cdfund.com/The Big Reset Book: https://a.co/d/iNEVL3G This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

What if the biggest problems we face - climate change, AI, even war - have no nationality?We sat down with Jen Zhu Scott: investor, entrepreneur, mom, and the visionary behind PowerDynamics.ai.Named one of Forbes’ Top Women in Tech, Jen has advised HBO’s Silicon Valley, spoken on the TED stage, and now she’s building containerized compute and energy infrastructure to decentralize power—both literally and figuratively.But this episode goes much deeper than tech.We talk about:* Growing up in West China and catching a “lucky break” in Shenzhen* Why younger generations “lying flat” may be more evolved than we think* What it means to raise grounded kids in an AI-driven world* How Taoism helps her navigate leadership, parenting, and uncertainty* Why the West keeps getting surprised by China—and what that revealsAnd she drops one line we’ll never forget:“The biggest problems in the world aren’t American, Chinese, or German. They’re human.”If you care about the future - yours, your kids’, or the planet’s - this one’s worth your time.As always, thank you for being part of this curious and freedom-seeking tribe.Lovis & Jason This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

In this episode, Jason and Lovis engage with Alex Ostergaard, exploring his unique background, influences, and insights into personal development and investment strategies. Alex shares his journey from a non-traditional education path to becoming a successful real estate investor in Switzerland, emphasizing the importance of applying theories in real life. The conversation delves into the significance of self-image, resilience, and the impact of Austrian economics on decision-making and investment strategies. In this conversation, Alex shares insights into his family's real estate business, emphasizing the importance of having a personal stake in investments. He discusses the advantages of investing in Swiss real estate compared to other markets, highlighting the stability and potential returns. The conversation also touches on the significance of due diligence, the impact of currency strength on investment returns, and the future goals of the business. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

In this engaging conversation, CJ Gustafson shares his unique approach to business and writing, emphasizing the importance of being approachable and authentic. He discusses his journey of discovering product-audience fit, the balance between cash and equity businesses, and the significance of building relationships within the community. The discussion also touches on the impact of AI on business efficiency, the challenges of buying existing businesses, and the importance of obsession in entrepreneurship. Ultimately, CJ highlights the need for work-life integration and the joy of pursuing one's passions while creating value for others. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com

Join us as we sit down with Louis Vincent Gave, CEO of Gavekal, a leading financial research and fund management firm known for its East-West perspective. In this episode, recorded just weeks after Trump’s inauguration, Louis dives into the shifting global landscape - from a multipolar world and U.S. dominance to China’s industrial leapfrog over the West. With his unique vantage point from Hong Kong, Beijing, and beyond, Louis shares insights on macro investing, raising resilient kids in an AI-driven future, and why he bets on the renminbi and Brazilian markets. Plus, hear his take on must-read books like Parkinson’s Law and The General Theory of Portfolio Construction from his father’s work. Whether you’re an investor, parent, or global thinker, this conversation is packed with wisdom and wit!PS.: Only after the recording did we realize that the audio quality of Louis's track was poor. We used AI to enhance it - this made the audio useable but some distortions are noticeable. We kindly ask you to excuse us. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit podcast.thecoveredcallpod.com