The ACID Capitalist Podcast

Send us a text [https://www.buzzsprout.com/twilio/text_messages/1017043/open_sms] 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 and build a more enduring republic, Lincoln and maybe Trump, did not reach first for cannonballs or proclamations but rather they reached for the balance sheet. They understood that if you make the ledgers bleed, the system follows. That is their courage. Hugh ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbm5NNXRVZGFVVkJ2U3lBNTE1VVgybWp5OXhGZ3xBQ3Jtc0trTnQxOV9lb1R6SUR0bi1GUEh0aFFCdW1kRUFjUU9qS1kxTkVNX1hOckF6c2VTUEU0bmxrdmpfZ3h0enlvb0dHanNudXFQR25mSGdtQTR4VmZyaWwxeWFDel9sVVpIRGV1MEpiajVYa3pSTmtVWG1rYw&q=https%3A%2F%2Fwww.patreon.com%2FHughHendry&v=Z_w41bjHSYY] https://hughhendry.substack.com [https://hughhendry.substack.com] https://www.instagram.com/ [https://www.instagram.com/direct/inbox/]hughhendryofficial [https://www.instagram.com/hughhendryofficial/] https://blancbleustbarts.com [https://blancbleustbarts.com/] https://www.instagram.com/blancbleuofficial [https://www.instagram.com/blancbleuofficial/] ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! [https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978] 🧢 Hats & Merch [http://acidcap.com] 📸 Instagram [https://www.instagram.com/hughhendryofficial] 🐦 Twitter / X [https://www.twitter.com/hendry_hugh] 📩 Substack [https://hendryhugh.substack.com] 👂Listen and 🔥 Subscribe 📺 YouTube [http://youtube.com/hughhendryofficial] 🎧 ... [https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978]

Send us a text [https://www.buzzsprout.com/twilio/text_messages/1017043/open_sms] 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 ⬇️ https://www.patreon.com/HughHendry [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbm5NNXRVZGFVVkJ2U3lBNTE1VVgybWp5OXhGZ3xBQ3Jtc0trTnQxOV9lb1R6SUR0bi1GUEh0aFFCdW1kRUFjUU9qS1kxTkVNX1hOckF6c2VTUEU0bmxrdmpfZ3h0enlvb0dHanNudXFQR25mSGdtQTR4VmZyaWwxeWFDel9sVVpIRGV1MEpiajVYa3pSTmtVWG1rYw&q=https%3A%2F%2Fwww.patreon.com%2FHughHendry&v=Z_w41bjHSYY] https://hughhendry.substack.com [https://hughhendry.substack.com] https://www.instagram.com/ [https://www.instagram.com/direct/inbox/]hughhendryofficial [https://www.instagram.com/hughhendryofficial/] https://blancbleustbarts.com [https://blancbleustbarts.com/] https://www.instagram.com/blancbleuofficial [https://www.instagram.com/blancbleuofficial/] ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! [https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978] 🧢 Hats & Merch [http://acidcap.com] 📸 Instagram [https://www.instagram.com/hughhendryofficial] 🐦 Twitter / X [https://www.twitter.com/hendry_hugh] 📩 Substack [https://hendryhugh.substack.com] 👂Listen and 🔥 Subscribe 📺 YouTube [http://youtube.com/hughhendryofficial] 🎧 ... [https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978]

Send us a text [https://www.buzzsprout.com/twilio/text_messages/1017043/open_sms] Welcome back The breeze is talking again. The sea too, whispering something older than the market, more enduring than yield curves. This episode was recorded beneath Saharan skies on the island of St. Barts, during Acid Capitalist Summer Camp 2.0. But what is a camp if not a gathering of searchers. A pause in the trade winds to ask the old questions. I was met by a journalist. Young, wide-eyed, barefoot. She carried a pencil and the memory of a mixtape. She asked me to speak of fear, folly, volatility and love. I answered not with answers but with exhalation. We spoke of exile, of turtles, of the dull ache of markets remembered and misremembered. Just like Johnny Rotten sang, "This is Not a Love Song", in 1983, this is not an investment interview, more a moment. The market is a hallucination. It's also a mirror. I once managed billions. Today, I manage time. There's something here, in this place, that bends the arc of memory. You come to St. Barts to heal, or to vanish. Perhaps both. There is no grand thesis. Only a few half-remembered charts, a Rolling Stones lyric, and the suspicion that finance was never about spreadsheets but about stories. This episode is a love letter. To serendipity. To misfits. To the exquisite loneliness of being early. Draw close to the speaker. Tilt your face toward the trade winds. Pour something cold and forget, for a moment, the noise. The tape begins... Hugh Hendry The Acid Capitalist ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbm5NNXRVZGFVVkJ2U3lBNTE1VVgybWp5OXhGZ3xBQ3Jtc0trTnQxOV9lb1R6SUR0bi1GUEh0aFFCdW1kRUFjUU9qS1kxTkVNX1hOckF6c2VTUEU0bmxrdmpfZ3h0enlvb0dHanNudXFQR25mSGdtQTR4VmZyaWwxeWFDel9sVVpIRGV1MEpiajVYa3pSTmtVWG1rYw&q=https%3A%2F%2Fwww.patreon.com%2FHughHendry&v=Z_w41bjHSYY] https://hughhendry.substack.com [https://hughhendry.substack.com] https://www.instagram.com/ [https://www.instagram.com/direct/inbox/]hughhendryofficial [https://www.instagram.com/hughhendryofficial/] https://blancbleustbarts.com [https://blancbleustbarts.com/] https://www.instagram.com/blancbleuofficial [https://www.instagram.com/blancbleuofficial/] ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! [https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978] 🧢 Hats & Merch [http://acidcap.com] 📸 Instagram [https://www.instagram.com/hughhendryofficial] 🐦 Twitter / X [https://www.twitter.com/hendry_hugh] 📩 Substack [https://hendryhugh.substack.com] 👂Listen and 🔥 Subscribe 📺 YouTube [http://youtube.com/hughhendryofficial] 🎧 ... [https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978]

Send us a text [https://www.buzzsprout.com/twilio/text_messages/1017043/open_sms] Welcome back to paradise, where the rosé is chilled, the sun strokes the sea, and your third ear is tuned to the gospel according to Hugh. This week, I take you deep into the delirious heart of Wall Street circa 2006, an era of mutual fund gods, tax-deductible lap dances, and a man named Scotty who nearly exploded trying to mask the scent of strippers with gasoline. Yes, really. In a 15-minute acid-laced recital, I read a wild chapter from Derek Wallis’ Occupy a Job on Wall Street. It’s called Gasoline Stripper, but I’ve renamed it The Last Scotsman on Wall Street, a madcap tale of booze, bravado, and the slow incineration of financial decorum. I riff, I reminisce (shoutout to Dolcis shoes and the Edinburgh's Balmoral Hotel and wine lunches of yore), and I ask the only question that matters: Can you survive Wall Street if you're the kind of guy who thinks strawberry daiquiris excuse drunk driving? Spoiler: probably not. Pour yourself something cold, take a walk with me through midtown madness and fiscal fireballs, and if you're feeling bold, come to the Acid Capitalist Summer Camp 3.0 this August 17th in St. Barts. Come as a stranger. Leave as a legend. https://www.acidcapitalretreat.com [https://www.acidcapitalretreat.com] And I'm delighted to announce that we were selected by FeedSpot as one of the Top 30 Hedge Fund Podcasts on the web.  https://podcast.feedspot.com/hedge_fund_podcasts/?feedid=5211632&_src=f2_featured_email [https://podcast.feedspot.com/hedge_fund_podcasts/?feedid=5211632&_src=f2_featured_email] Find Derek Wallis' book here 👇 https://a.co/d/gKVySzC [https://a.co/d/gKVySzC] Hugh Hendry   The Acid Capitalist ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbm5NNXRVZGFVVkJ2U3lBNTE1VVgybWp5OXhGZ3xBQ3Jtc0trTnQxOV9lb1R6SUR0bi1GUEh0aFFCdW1kRUFjUU9qS1kxTkVNX1hOckF6c2VTUEU0bmxrdmpfZ3h0enlvb0dHanNudXFQR25mSGdtQTR4VmZyaWwxeWFDel9sVVpIRGV1MEpiajVYa3pSTmtVWG1rYw&q=https%3A%2F%2Fwww.patreon.com%2FHughHendry&v=Z_w41bjHSYY] https://hughhendry.substack.com [https://hughhendry.substack.com] https://www.instagram.com/ [https://www.instagram.com/direct/inbox/]hughhendryofficial [https://www.instagram.com/hughhendryofficial/] https://blancbleustbarts.com [https://blancbleustbarts.com/] https://www.instagram.com/blancbleuofficial [https://www.instagram.com/blancbleuofficial/] ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! [https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978] 🧢 Hats & Merch [http://acidcap.com] 📸 Instagram [https://www.instagram.com/hughhendryofficial] 🐦 Twitter / X [https://www.twitter.com/hendry_hugh] 📩 Substack [https://hendryhugh.substack.com] 👂Listen and 🔥 Subscribe 📺 YouTube [http://youtube.com/hughhendryofficial] 🎧 ... [https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978]

Send us a text [https://www.buzzsprout.com/twilio/text_messages/1017043/open_sms] Good Fortune Makes the Man, and The Man Retains the Fortune and Multiplies It... Welcome back to another transmission from paradise, broadcasting from the heavenly shores of St. Barts. The Acid Capitalist, beamed straight into your ears, sun-kissed and untamed. This week, I open the vault—pulling an old gem from my private paywall, unchaining it from Patreon and Substack for the first time. And trust me, this one is electric. The year is 2000. The stage is Wall Street. And our protagonist? Derek Wallis, The Kiwi Proton Bomb. Fresh off the boat, wide-eyed, an eager foot soldier on the trade floor. But what happens when the greenhorn is tasked with telling Stan Druckenmiller, the man, the legend, that he’s just vaporized a billion dollars? Trial by fire? No—trial by inferno. And then there’s George Soros—the erratic, the enigmatic, the Palindromic Genius. The man who stalks markets like a predator, who sees the bubbles before they even take shape, who vanishes for months only to reappear, calling the desk four times an hour. The hurricane around which entire fortunes rise and fall. And Derek? Derek’s there. Watching. Learning. Surviving. Fast forward. 2005. The Acid Capitalist himself walks into Soros Fund Management—the room temperature drops, chairs scrape, portfolios tremble. Derek was there, they all were. And the chairman, in a moment of delirious clarity, utters the words: 'We’ve found the next George Soros.' Who was he talking about? Ah, that’s where things get interesting… But it gets wilder—trading desks, chaos, the kind of madness that makes a market. You want the full story? You want to know about the topless woman who brought down the Bloomberg terminals? You want to hear the truth about how the world’s greatest speculator saw bubbles, rode them, burst them? Then you’ll want to listen to this one. Stay sharp, Hugh Hendry, The Acid Capitalist P.S. If you’re asking 'What’s the score?' every hour of the trading day, you’re already lost. The markets whisper in static. But ask once a year, and if you’re good—exceptionally good—the mirror, mirror on the wall might just reveal your genius. https://a.co/d/gKVySzC [https://a.co/d/gKVySzC] ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbm5NNXRVZGFVVkJ2U3lBNTE1VVgybWp5OXhGZ3xBQ3Jtc0trTnQxOV9lb1R6SUR0bi1GUEh0aFFCdW1kRUFjUU9qS1kxTkVNX1hOckF6c2VTUEU0bmxrdmpfZ3h0enlvb0dHanNudXFQR25mSGdtQTR4VmZyaWwxeWFDel9sVVpIRGV1MEpiajVYa3pSTmtVWG1rYw&q=https%3A%2F%2Fwww.patreon.com%2FHughHendry&v=Z_w41bjHSYY] https://hughhendry.substack.com [https://hughhendry.substack.com] https://www.instagram.com/ [https://www.instagram.com/direct/inbox/]hughhendryofficial [https://www.instagram.com/hughhendryofficial/] https://blancbleustbarts.com [https://blancbleustbarts.com/] https://www.instagram.com/blancbleuofficial [https://www.instagram.com/blancbleuofficial/] ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! [https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978] 🧢 Hats & Merch [http://acidcap.com] 📸 Instagram [https://www.instagram.com/hughhendryofficial] 🐦 Twitter / X [https://www.twitter.com/hendry_hugh] 📩 Substack [https://hendryhugh.substack.com] 👂Listen and 🔥 Subscribe 📺 YouTube [http://youtube.com/hughhendryofficial] 🎧 ... [https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978]