Late-Cycle Investment Theory: Foundations for the Coming Decade | Nicolas Colin

What's up, everybody? My name is Demetri Kofinas, and you're listening to Hidden Forces, a podcast that inspires investors, entrepreneurs, and everyday citizens to challenge consensus narratives and learn how to think critically about the systems of power shaping our world. My guest in this episode of Hidden Forces is Nicolas Collin, a former French official and the cofounder of a European startup accelerator whose work sits at the intersection of technology, markets, geopolitics, Carlota Perez's model of technological revolutions and techno economic paradigms, explore the role of speculative manias and market concentration, and examine why Nikola thinks AI is less a brand new technological revolution than an intensification of a computing and network paradigm that has been unfolding for the last fifty years. We also compare the current moment to the 1970s as a historical analog and discuss why he believes financial systems are often the last piece to be rebuilt after a major paradigm shift. In the second hour, we explore what this late cycle thesis means for investors, the public, and the geostrategic competition between The United States and China. We talk about how tokenization and programmable money could reshape the plumbing of the global financial system and how today's Trump shock might be the opening move in a broader financial reset. We also discussed what financial fragmentation between two competing spheres, one led by China and one led by The US, may look like in practice, why programmable grid infrastructure and a new scale of electrification may be the primary candidates for the next technological revolution, and what all of this means for public debt servicing, inflation, financial repression, and wealth redistribution as Proximity Services replace the factory floor as the central battleground over which a new social contract will be formed. If you want access to all of this conversation, go to hiddenforces.io/subscribe and join our premium feed, which you can listen to on your mobile device using your favorite podcast app just like you're listening to this episode right now. If you wanna join in on the conversation and become a member of the Hidden Forces genius community, which includes q and a calls with guests, discounted access to third party research and analysis, and in person events like our intimate dinners and weekend retreats. You can also do that on our subscriber page. And if you still have questions, feel free to send an email to info@hiddenforces.io, and I or someone from our team will get right back to you. Lastly, because this conversation deals with investing, nothing we say on this podcast can or should be viewed as financial advice. All opinions expressed by me and my guests are solely our own opinions and should not be relied upon as the basis for financial decisions. And with that, please enjoy this immensely interesting and valuable conversation with my guest, Nicolas Colon. Nicolas Colon, welcome to Hidden Forces. Thank you. Very glad to be here. It's It's exciting to have you on, Nicola. …