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The Joint Readiness Training Center is the premier crucible training experience. We prepare units to fight and win in the most complex environments against world-class opposing forces. We are America’s leadership laboratory. This podcast isn’t an academic review of historical vignettes or political-science analysis of current events. This is a podcast about warfighting and the skillsets necessary for America’s Army to fight and win on the modern battlefield.
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Hidden Forces

Demetri Kofinas

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Get the edge with Hidden Forces where media entrepreneur and financial analyst Demetri Kofinas gives you access to the people and ideas that matter, so you can build financial security and always stay ahead of the curve.
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The Must Read Alaska Show is an award-winning podcast celebrated for its exceptional commentary on Alaska politics from a conservative perspective. With a unique approach that views each episode as a human interest piece, the show features a diverse array of guests, including politicians from both sides of the aisle, CEOs of publicly traded companies, New York Times bestselling authors, mayors of small towns in Alaska, and even presidents of countries. Hosted by Ben Carpenter This award-winn ...
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-twentieth episode to air on ‘The Crucible - The JRTC Experience’ and the fifth* annual Large Scale Combat Operations Symposium. Hosted by COL Ricky Taylor, the Commander of Ops Group (COG). Today’s guests are all seasoned observer-coach-trainers (OCTs) from across Opera…
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-twenty-second episode to air on ‘The Crucible - The JRTC Experience.’ Hosted by MAJ Marc Howle, the Brigade Senior Engineer / Protection Observer-Coach-Trainer, and MAJ David Pfaltzgraff, BDE XO OCT (formerly the BDE S-3 Operations OCT), from Brigade Command & Control (…
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In Episode 455 of Hidden Forces, Demetri Kofinas speaks with Nicolas Colin, a former French Treasury official and the co-founder of a European startup accelerator whose work sits at the intersection of technology, markets, geopolitics, and global finance. In the first hour of their conversation, Kofinas and Colin break down Colin's "Late Cycle Inve…
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-twenty-first episode to air on ‘The Crucible - The JRTC Experience’. Hosted by COL Ricky Taylor, the Commander of Ops Group (COG). Established during the fierce fighting in the Italian campaigns of World War II, 1/82 was employed in multiple brush wars throughout the Co…
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In Episode 454 of Hidden Forces, Demetri Kofinas speaks with author, futurist, and U.S. foreign policy expert Jamie Metzl about the aims and objectives of the 2025 National Security Strategy and its implications for American prosperity and power in the 21st century. Jamie and Demetri spend the first hour of this conversation digging into the Trump …
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-nineteenth episode to air on ‘The Crucible - The JRTC Experience.’ Hosted by COL Ricky Taylor, the Commander of Ops Group (COG). Today’s guest is the Commanding General for the fabled 82nd Airborne Division, MG Brandon Tegtmeier, All American 06. The 82nd Airborne Divis…
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In Episode 453 of Hidden Forces, Demetri Kofinas speaks with Jason Furman, the former chair of the Council of Economic Advisers, about the state of the U.S. economy, the AI Bubble, monetary policy, inflation, price controls, and much more. Jason and Demetri spend the first hour of their conversation exploring his economic framework, what he learned…
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-eighteenth episode to air on ‘The Crucible - The JRTC Experience.’ Hosted by the Senior Enlisted Medical Advisor and Role II Observer-Coach-Trainer for the Task Force Sustainment (BSB / CSSB), MSG Timothy Sargent on behalf of the Commander of Ops Group (COG). Today’s gu…
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In Episode 452 of Hidden Forces, Demetri Kofinas speaks with Iain McGilchrist, a neuroscientist and author of The Master and His Emissary and The Matter with Things. His work on the divided brain has helped millions of people find wisdom, meaning, and guidance for living in the modern world. Iain and Demetri begin their conversation exploring McGil…
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In Episode 451 of Hidden Forces, Demetri Kofinas speaks with author and long-time China analyst Dinny McMahon about the Chinese leadership's efforts to redesign China's economic model in the face of structural headwinds to growth, mounting trade barriers, and growing concerns in Western capitals about Chinese economic and military domination. The f…
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-seventeenth episode to air on ‘The Crucible - The JRTC Experience.’ Hosted by MAJ Marc Howle, the Brigade Senior Engineer / Protection Observer-Coach-Trainer, and MAJ David Pfaltzgraff, BDE S-3 Operations OCT, from Brigade Command & Control (BDE HQ) on behalf of the Com…
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In Episode 450 of Hidden Forces, Demetri Kofinas speaks with Lawrence McDonald, the founder of The Bear Traps Report and the author of a recently published book about the risks and investment opportunities present in today's radically reshaped economy titled "How to Listen When Markets Speak." In today's conversation, Demetri and Lawrence discuss h…
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In Episode 449 of Hidden Forces, Demetri Kofinas speaks with Chase Taylor, head of research at Bulwark Capital Management and founder of Pinecone Macro Research about investment opportunities around the buildout of the new "electric stack" and the AI CapEx Boom that relies on them. Chase and Demetri spend the first hour of this episode exploring hi…
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In Episode 448 of Hidden Forces, Demetri Kofinas speaks with Nathan Benaich, founder and general partner of Air Street Capital and the creator of the annual State of AI Report, an open-access compendium that tracks advances across AI research, industry, policy, and geopolitics. Nathan Benaich and Demetri spend the first hour of their conversation e…
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Demetri Kofinas speaks with financial historian and investor Russell Napier about his "Practical History of Financial Markets" online course, which is provided in conjunction with Edinburgh Business School. Hidden Forces premium subscribers can sign up using their subscriber email + code "HF50" for a generous 50% DISCOUNT. Genius members can access…
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Episode 447 is the tenth installment in the Hundred Year Pivot podcast series. In it, Demetri Kofinas and Grant Williams speak with Peter Atwater, a recognized expert on the impact of confidence and mood on individual and group decision-making. Peter's work has been instrumental not only in helping his clients, students, and readers understand how …
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In Episode 446 of Hidden Forces, Demetri Kofinas speaks with geopolitical analyst and forecaster Kamran Bokhari about Trump's 20-point Gaza peace plan and the new security order taking shape in the Middle East. Kamran first appeared on Hidden Forces in the days following the October 7th attacks to discuss the wider war unfolding between the U.S., I…
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Episode 445 is the ninth installment in the Hundred Year Pivot podcast series. In it, Demetri Kofinas and Grant Williams speak with Roger Mitchell, an entrepreneur and writer whose essay "The Answer Was Here All the Time," published in Grant Williams's 2025 compendium, explores faith, meaning, and the search for moral grounding in a contemporary We…
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In Episode 444 of Hidden Forces, Demetri Kofinas speaks with Dan Wang, author of Breakneck: China's Quest to Engineer the Future, about his pioneering new framework that compares the U.S. and China not along ideological lines or modes of governance, but by state capacity and the propensity to build. According to Dan Wang, China is an "engineering s…
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In Episode 443 of Hidden Forces, Demetri Kofinas speaks with former investment banker turned global strategist Viktor Shvets, whose books The Great Rupture and The Twilight Before the Storm provide an audaciously comprehensive and compelling framework for understanding the forces shaping our world. These include technology and finance, amplified by…
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-sixteenth episode to air on ‘The Crucible - The JRTC Experience.’ Hosted by the Senior Medical Operations Officer Observer-Coach-Trainer for the Task Force Sustainment (BSB / CSSB), CPT Victor Velez on behalf of the Commander of Ops Group (COG). Today’s guest is CPT Chr…
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In Episode 442 of Hidden Forces, Demetri Kofinas speaks with Kurt Campbell and Rush Doshi. Kurt is the chairman and co-founder of The Asia Group and served as the United States Deputy Secretary of State in the Joe Biden administration and as the Indo-Pacific Coordinator from 2021 to 2024. Rush also served under the previous administration in his ca…
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In Episode 441 of Hidden Forces, Demetri Kofinas speaks with Adam Posen, president of the Peterson Institute for International Economics, about the profound transformations underway in the global economy driven by America's transition away from being the world's primary insurance provider for international security to its exploiter-in-chief. In a r…
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-fifteenth episode to air on ‘The Crucible - The JRTC Experience.’ Hosted by MAJ Marc Howle, the Brigade Senior Engineer / Protection Observer-Coach-Trainer, and MAJ David Pfaltzgraff, BDE S-3 Operations OCT, from Brigade Command & Control (BDE HQ) on behalf of the Comma…
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In this episode, the conversation centered on the launch of Thomas More Classical School in Anchorage, set to open in 2026. The guest, Headmaster Sarah Spaulding, explained the school’s mission to bring classical education to Alaska and described how the model emphasizes forming both intellect and character. The discussion highlighted what sets cla…
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In Episode 440 of Hidden Forces, Demetri Kofinas speaks with Paul Kingsnorth, a novelist, essayist, and former environmental activist who first came on many people's radars during the Covid-19 pandemic with the publication of his viral three-part series "The Vaccine Moment." His current work explores the intersection of technology, culture, and the…
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-fourteenth episode to air on ‘The Crucible - The JRTC Experience.’ Hosted by MAJ Marc Howle, the Brigade Senior Engineer / Protection Observer-Coach-Trainer, and MAJ David Pfaltzgraff, BDE S-3 Operations OCT, from Brigade Command & Control (BDE HQ) on behalf of the Comm…
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In Episode 439 of Hidden Forces, Demetri Kofinas speaks with Douglas Rushkoff, a pioneering media theorist, best-selling author, and leading voice on how digital technologies shape societies, economies, and cultures. Rushkoff and Kofinas spend the first hour of their conversation tracing the arc of Douglas' career, from his upbringing in a communal…
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Thought the teachers union was your only option? Think again. In this Must Read Alaska Show, host Ben Carpenter is joined by Kenai teacher Kim Bates, Anchorage teacher Aimee Sims, and Garry Sigle, Central Region Director for the Association of American Educators (AAE), to unpack what AAE is, who it serves, and how it stacks up against NEA-Alaska. I…
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-thirteenth episode to air on ‘The Crucible - The JRTC Experience.’ Hosted by MAJ Marc Howle, the Brigade Senior Engineer / Protection Observer-Coach-Trainer, and MAJ David Pfaltzgraff, BDE S-3 Operations OCT, from Brigade Command & Control (BDE HQ) on behalf of the Comm…
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In Episode 438 of Hidden Forces, Demetri Kofinas speaks with Charles Calomiris, former Chief Economist at the Office of the Comptroller of the Currency, about his forthcoming paper "How Stablecoins Will Transform Banking," which is based on a presentation he delivered at the Hoover Institution's annual monetary policy conference this past May. Deme…
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-twelfth episode to air on ‘The Crucible - The JRTC Experience.’ Hosted by the Senior Medical Operations Officer Observer-Coach-Trainer for the Task Force Sustainment (BSB / CSSB), CPT Victor Velez on behalf of the Commander of Ops Group (COG). Today’s guests are subject…
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In Episode 437 of Hidden Forces, Demetri Kofinas speaks with Marvin Barth, founder of Thematic Markets and former Chief Economist for International Affairs at the U.S. Treasury, who previously served at the Federal Reserve and the Bank for International Settlements and has led global macro and FX strategy on both the sell side and the buy side. Mar…
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-eleventh episode to air on ‘The Crucible - The JRTC Experience.’ Hosted by MAJ Marc Howle, the Brigade Senior Engineer / Protection Observer-Coach-Trainer, and MAJ David Pfaltzgraff, BDE S-3 Operations OCT, from Brigade Command & Control (BDE HQ) on behalf of the Comman…
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In Episode 436 of Hidden Forces, Demetri Kofinas speaks with economist, policy adviser, and investor Sony Kapoor about why developed world demographics, debt, and political sclerosis will crush forward returns for investors who fail to rebalance their portfolios for the new investment paradigm. Kapoor and Kofinas spend the first hour of their conve…
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Episode 435 is the eighth episode in the Hundred Year Pivot podcast series. In it, Demetri Kofinas and Grant Williams speak with leading realist scholar Jonathan Kirshner about how eroding cultural norms, weakened political guardrails, deepening polarization, and the collapse of shared narratives and belief structures are leading to a break-down in…
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-tenth episode to air on ‘The Crucible - The JRTC Experience.’ Hosted by the Senior Medical Operations Officer Observer-Coach-Trainer for the Task Force Sustainment (BSB / CSSB), CPT Victor Velez on behalf of the Commander of Ops Group (COG). Today’s guests are subject m…
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Is Alaska’s grand jury still the people’s tool for oversight, or has it become another lever of government control? In this episode of the Must Read Alaska Show, host Ben Carpenter presses Attorney General Treg Taylor on the Supreme Court’s controversial move to make him the “gatekeeper” for public access to grand juries. Taylor defends new procedu…
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Alaska State Senator and gubernatorial candidate Shelley Hughes joins Ben Carpenter to share her remarkable journey from rural Alaska in the ’70s to the state legislature. She outlines her vision for fiscal reform, energy development, and protecting the PFD, while drawing on decades of experience across Alaska’s regions. Known for working across pa…
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-ninth episode to air on ‘The Crucible - The JRTC Experience.’ Hosted by MAJ Marc Howle, the Brigade Senior Engineer / Protection Observer-Coach-Trainer, and MAJ David Pfaltzgraff, BDE S-3 Operations OCT, from Brigade Command & Control (BDE HQ) on behalf of the Commander…
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In Episode 434 of Hidden Forces, Demetri Kofinas speaks with Bruno Maçães, a geopolitical strategist and the former Minister of European Affairs for Portugal, whose latest book titled "World Builders" explores the intersection of technology and geopolitics. In the first hour, Bruno puts forward a radical new theory of geopolitics and technology tha…
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In Episode 433 of Hidden Forces, Demetri Kofinas speaks with Sam Freedman, a former senior policy advisor in the UK's Department for Education, political analyst, and the author of "Failed State," a timely exploration of the deep-rooted dysfunction within British governance and how to fix it. In their conversation, Sam Freedman examines the origins…
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In Episode 432 of Hidden Forces, Demetri Kofinas speaks with Vincent Deluard, Director of Global Macro Strategy at StoneX Group, where he advises large institutional investors on asset allocation, economic forecasting, and quantitative modeling informed by historical patterns and structural economic analysis. Vincent Deluard and Demetri spend the f…
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In this eye-opening episode of the Must Read Alaska Show, host Ben Carpenter sits down with forensic journalist and author David Ignell for a deep dive into the constitutional role of grand juries in Alaska—and how that role is being undermined by the Department of Law and the judiciary. At the heart of their conversation is the case of former Ketc…
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Episode 431 is the seventh episode in the Hundred Year Pivot podcast series. In it, Demetri Kofinas and Grant Williams speak with Edward Chancellor, a financial historian, award-winning journalist, and the author of "Devil Take the Hindmost: A History of Financial Speculation." Eddie, Grant, and Demetri discuss how excessively interventionist monet…
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In this episode of the Must Read Alaska Show podcast, host Ben Carpenter sits down with Adam Hendrix, Anchorage native and world-renowned poker professional, to unpack his extraordinary journey to a sixth-place finish at the 2025 World Series of Poker Main Event—netting him a $1.9 million prize and recognition as Alaska’s all-time top tournament ea…
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The Joint Readiness Training Center is pleased to present the one-hundredth-and-eighth episode to air on ‘The Crucible - The JRTC Experience.’ Hosted by COL Ricky Taylor, the Commander of Ops Group (COG) and CSM Bill Gallant, the Command Sergeant Major of Ops Group (CSMOG). Today’s guest is the Commander of 2nd Infantry Brigade Combat Team, 34th In…
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In Episode 430 of Hidden Forces, Demetri Kofinas speaks with Vance Spencer and Michael Anderson. Mike and Vance are the founders of Framework Ventures, one of the largest venture capital firms in crypto and one of the earliest and biggest investors in Decentralized Finance (DeFi). Kofinas, Spencer, and Anderson spend the first hour surveying the cu…
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In Episode 429 of Hidden Forces, Demetri Kofinas speaks with Weston Nakamura, a Tokyo-based financial analyst and the creator of "Across the Spread," a market analysis and information service that identifies key market developments from the Asia-Pacific trading session, exploring their impact on equities, bonds, currencies, and commodities across g…
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