THE THEORYMost Western China analysis is second-hand punditry. Bishop reads the Chinese-language party press (People's Daily, Xinhua, Qiushi, PBoC/MOFCOM releases) in the original and surfaces what Beijing is actually signaling before it filters into English media. The point isn't opinion — it's early access to the primary signal.
Primary-source China signal reading
Writes Sinocism, the most-read English-language China newsletter (policy world, diplomats, funds, journalists). Ex-tech entrepreneur, lived in Beijing ~a decade. Added to correct the portfolio's American-centric lens with primary Chinese-source signal. Referred by Jiang Xueqin (portfolio source), who cited his work. CAVEAT: corrects our INFORMATION asymmetry (we now see Chinese-source signals) but not fully our PERSPECTIVE asymmetry — he's a China-explainer, not a China-advocate, and is US-based. Sinocism full daily is PAYWALLED (~$15/mo); free tier = partial posts.
chinachina-usccp-politicsxi-jinpingchina-macroparty-signalingworld-order
FOLLOW THE MONEY ▸
OwnerBill Bishop (individual)
Revenue modelPaid newsletter subscriptions (Sinocism on Substack, ~$15/mo or ~$168/yr). Free tier offers partial/preview posts. No ad model. Occasional paid speaking.
Political leanNon-partisan China-watcher. Hawkish-realist on CCP intentions but disciplined and non-hysterical; avoids doom-clickbait. American, currently US-based.
Conflicts of interestSubscription revenue depends on sustained reader interest in China risk/tension, creating a mild incentive toward salient framing. Maintains access relationships across US-China policy circles.
Bias noteReads Beijing's signals but frames them for a Western policy audience ('here is what the Party is saying'), not as a pro-Beijing case. Corrects our information asymmetry more than our perspective asymmetry. Cross-check China-advocacy framing against other lenses.
The Libertarian Institute
publication
02.02THE THEORYThe anti-war journalism hub. They bring on ex-intelligence, military, and diplomatic sources to break down what's actually happening vs. what the government says is happening. Think of them as the BS detector for foreign policy.
Anti-interventionist journalism — BS-detector for US foreign policy, skeptical of the national-security state
Anti-interventionist foreign policy analysis. Strong on Iran war coverage — daily shows with former intelligence/military guests (Larry Johnson, Matt Hoh, Darryl Cooper). Good counterweight to mainstream war narratives. A-tier because it's excellent reporting/analysis but more journalistic than framework-building.
foreign-policyantiwariranus-militarycivil-libertiesgeopolitics
KEY PEOPLE: Kyle Anzalone (news editor, also opinion editor at Antiwar.com), Will Porter, Connor Freeman
FOLLOW THE MONEY ▸
OwnerNonprofit organization. Executive Director: Scott Horton.
Revenue modelIndividual donations (fund drives), cryptocurrency donations, podcast network (Scott Horton Show, plus several other hosts). Small-scale grassroots funding model.
Political leanLibertarian / non-interventionist / anti-war. Strongly opposes US foreign interventionism, the national security state, and the War on Terror. Aligned with paleolibertarian and Rothbardian traditions.
Conflicts of interestSmall donor base means editorial independence but also financial precarity. Close ideological alignment with Libertarian Party — Scott Horton joined LP to support Jacob Hornberger's presidential campaign.
Bias noteExplicitly anti-war and non-interventionist — all analysis is filtered through this lens. Will consistently oppose US military action regardless of context. Valuable counterweight to establishment narratives but ideologically committed to a specific foreign policy position.
THE THEORYThe global financial system is rigged — central banks print, governments spend, and your savings get debased. Bitcoin is the escape hatch. He connects the dots from geopolitics to monetary collapse to why BTC is the endgame.
Bitcoin as escape hatch from fiscal dominance / financial-industrial complex / multipolar monetary transition
Bitcoin OG, early investor in Coinbase, Kraken, BitFinex, Circle, Robinhood. CEO of BnkToTheFuture. Author of 'Bank to the Future'. His lens: connects geopolitics → monetary system → Bitcoin as the logical endpoint. Weekly 'Hard Talk' livestreams — latest covers Iran War Week 3 and 'Financial Industrial Complex Settlement Phase'. Argues US is pursuing fiscal dominance while multipolar currency order accelerates, and Bitcoin's PoW is the ultimate resistance to CBDCs/surveillance. Strong crypto background, geopolitical takes are newer but interesting — bridges the gap between pure-crypto and macro-geopolitical analysis. Geopolitical takes are interesting but unproven — starting at A-tier, can move to S if his geo analysis holds up.
bitcoinmonetary-reformfiscal-dominancecbdcgeopoliticsfinancial-warself-custodybretton-woods
FOLLOW THE MONEY ▸
OwnerSimon Dixon (individual). BnkToTheFuture.com is his company.
Revenue modelBnkToTheFuture platform fees (investment platform for fintech/crypto deals), Bitcoin Capital fund management fees, speaking fees (London Speaker Bureau), book sales, YouTube content.
Political leanLibertarian / crypto-anarchist leaning. Pro-Bitcoin maximalist, anti-central banking, advocates for decentralized finance replacing traditional banking.
Conflicts of interestCEO of a crypto investment platform — his public commentary on Bitcoin and crypto directly serves BnkToTheFuture's business model. Fund manager of Bitcoin Capital — bullish crypto narratives directly benefit his fund. Early Bitcoin holder with massive unrealized gains.
Bias noteEvery piece of his analysis should be viewed through the lens of someone whose entire business empire depends on crypto adoption. His 'bank to the future' thesis is literally his company's name and revenue model.
THE THEORYA comedian who's dead serious about foreign policy. His superpower is consistency — he was anti-war under Obama, Trump, Biden, and Trump again. When everyone else picks sides, he picks principles. The clearest bullshit detector for government war messaging.
Non-interventionist libertarian analysis — consistent anti-war framework applied regardless of party in power
Brooklyn-raised comedian/podcaster, Mises Caucus, close with Rogan. Hosts Part of the Problem with Robbie Bernstein. What sets him apart: ideological consistency — same anti-war stance under Obama, Trump 1.0, and Trump 2.0. Has been laser-focused on Iran war (eps 1366-1372). Brings on strong guests like Scott Horton for deep foreign policy dives. Also co-hosts Legion of Skanks (comedy). A sane, sensible, cohesive baseline — high signal-to-noise for cutting through war propaganda and government messaging.
foreign-policyantiwarirancivil-libertiesgovernment-overreachlibertarian-politicsgeopolitics
FOLLOW THE MONEY ▸
OwnerDave Smith (individual). Podcast distributed via GaS Digital Network.
Revenue modelPodcast advertising and sponsorships (Part of the Problem), GaS Digital Network subscription revenue, comedy tour ticket sales, YouTube ad revenue, Fox News appearance fees, live show revenue.
Political leanLibertarian / anarcho-capitalist. Was a leading candidate for 2024 Libertarian Party presidential nomination (endorsed by Ron Paul). Anti-war, anti-state, anti-Federal Reserve. Socially on right-libertarian spectrum.
Conflicts of interestFrequent Fox News appearances provide mainstream platform but may create incentive to align with right-leaning audiences. GaS Digital Network is a comedy podcast network — political content mixed with entertainment creates audience loyalty but also echo chamber dynamics.
Bias noteConsistently libertarian framing — government is always the problem, markets always the solution. Anti-war position is principled but applies selectively more scrutiny to US/Western interventions than other actors. His comedy background means arguments are often persuasive through humor rather than nuance.
THE THEORYThe OG anti-war news wire — running since 1995. While mainstream media runs Pentagon talking points, these guys run what's actually happening on the ground. Breaking news + opinion from people who've been calling out every war for three decades.
Anti-interventionist news wire — three decades of calling out US military intervention and its domestic costs
The OG anti-war news site — founded 1995. Combined feed gives breaking news wire + opinion/analysis columns. Kyle Anzalone bridges this and the Libertarian Institute. Scott Horton is editorial director here AND a frequent Dave Smith guest. Strong overlap with the libertarian anti-war network in our source stack. Ron Paul, John Mearsheimer columns appear here regularly.
foreign-policyantiwariranus-militarymiddle-eastcivil-libertiesgeopolitics
KEY PEOPLE: Kyle Anzalone (opinion editor), Scott Horton (editorial director), Jason Ditz (news editor), Dave DeCamp (news editor)
FOLLOW THE MONEY ▸
OwnerRandolph Bourne Institute (501(c)(3) nonprofit). Editorial Director: Scott Horton. Managing Director: Eric Garris.
Revenue modelReader donations (primary), matching fund campaigns, some web advertising. Quarterly fund drives are critical to operations. Very lean budget.
Political leanRight-wing libertarian / non-interventionist. Founded from paleolibertarian tradition. Opposes US imperialism and foreign intervention across the political spectrum — has opposed wars under both Republican and Democratic administrations.
Conflicts of interestOrganizationally committed to anti-war position — the name IS the editorial line. Small donor funding means editorial independence from institutional pressure but also financial fragility. Scott Horton's dual role (Antiwar.com + Libertarian Institute) creates organizational overlap.
Bias noteThe editorial position is literally in the domain name. Valuable as a consistent counterweight to pro-war narratives and aggregates important foreign policy reporting, but will never provide a case for military intervention. Best used as one lens among many.
THE THEORYThe EU isn't a democracy — it's a technocratic machine that uses monetary policy to override what voters actually want. He's economically left but anti-establishment on everything: war, censorship, EU governance. The rare European voice that doesn't toe the Brussels line.
European sovereignty critique — anti-EU-centralization, pro-national sovereignty, connects monetary policy to political control. Left-wing economically but anti-establishment on war/EU governance.
Italian-British author and journalist. 'Mainstream-defying reflections on (geo)politics, economics, war, energy and life.' Wrote 'The Battle for Europe' and 'Reclaiming the State.' Rare voice: left-wing economics but aligned with anti-war/anti-establishment positions on EU governance, NATO, and information control. Fills our European domestic politics gap. A-tier — strong original analysis on EU/Europe but less track record on broader geopolitical prediction.
eu-politicssovereigntymonetary-policygeopoliticswarenergyanti-establishmenteurope
FOLLOW THE MONEY ▸
OwnerThomas Fazi (individual)
Revenue modelFreelance journalism fees (UnHerd columnist, Compact columnist), Substack paid subscriptions, book sales and royalties, translation work.
Political leanLeft-sovereigntist / heterodox socialist. Self-describes as 'socialist.' Advocates national sovereignty against EU supranationalism. Critical of EU integration, COVID lockdowns, NATO, and globalist institutions. Publishes in both left (Social Europe) and right (UnHerd, Compact, Daily Sceptic) outlets — deliberately crosses traditional left-right boundaries.
Conflicts of interestHis writing for UnHerd (funded by billionaire hedge fund manager Paul Marshall) and Compact creates financial dependency on outlets with specific editorial agendas. His anti-EU research reports are used by Eurosceptic political movements.
Bias noteFazi represents the emerging 'post-left' or 'sovereigntist left' — critical of globalization from a leftist perspective but increasingly published in right-leaning outlets. This cross-pollination is intellectually interesting but means his work is often weaponized by political movements he may not fully align with. His COVID skepticism further complicated his positioning.
THE THEORYCapitalism is dead — replaced by 'techno-feudalism' where Big Tech platforms and central banks are the new lords. He knows because he fought them as Greece's finance minister and watched the EU crush a democratic mandate in real time. Theory meets lived experience.
Techno-feudalism / post-capitalist critique — argues capitalism has been replaced by a new feudalism driven by Big Tech platforms and central bank money. EU fiscal architecture as democratic deficit.
Former Greek Finance Minister, famously fought the Troika during Greek debt crisis (2015). Economist, author of 'Technofeudalism' and 'Adults in the Room.' Founded DiEM25/MERA25 (pan-European political movement). He LIVED the Layer 1 institutional pressure — the EU/ECB/IMF literally crushed his country's democratic mandate. First-hand experience of how hegemonic instruments override popular will. A-tier — brilliant framework thinker, but sometimes more theoretical than actionable.
eu-economicsfiscal-policytechno-feudalismdemocracyeuropemonetary-policygeopoliticsanti-establishment
FOLLOW THE MONEY ▸
OwnerYanis Varoufakis (individual). DiEM25 is a pan-European political movement he co-founded.
Revenue modelBook sales (Adults in the Room, Talking to My Daughter About the Economy, Technofeudalism — multiple bestsellers), speaking fees ($30K-$50K per live event, $10K-$20K virtual), academic salary, royalties, media appearances, Substack/online content.
Political leanLeft / democratic socialist / anti-austerity / EU-critical from the left. Fought EU/Troika austerity as Finance Minister. Pro-Palestinian. Anti-NATO expansion. Critical of both US hegemony and Russian authoritarianism. Advocates radical EU reform rather than exit.
Conflicts of interestActive politician (MeRA25 party leader) — his analysis serves his political movement's agenda. His dramatic 2015 confrontation with EU institutions is central to his personal brand and book sales — incentive to maintain combative anti-establishment narrative. Speaking fees from progressive/left organizations may influence which topics he emphasizes.
Bias noteVaroufakis brings genuine first-hand experience of EU institutional power dynamics (rare among commentators). However, his 2015 Greek debt crisis experience heavily colors all his analysis — tends to see EU/Troika villainy everywhere. His 'Technofeudalism' thesis is thought-provoking but also serves his political brand. As an active politician, all his commentary has an electoral dimension.
Michael Shellenberger
person
02.08THE THEORYHe broke the Twitter Files — the receipts showing government agencies telling social media what to censor. While Benz maps the system, Shellenberger kicks in the doors and publishes what he finds. Investigative journalism with actual teeth.
Investigative journalism on censorship-industrial complex + energy realism. Bridges Mike Benz's institutional analysis with on-the-ground journalism.
Journalist, author, ran for CA governor. Runs 'Public' on Substack — 'Reporting on free speech, civilization, and humanity.' Was one of the journalists who broke the Twitter Files (with Matt Taibbi and Bari Weiss), exposing government-Big Tech censorship coordination. Also strong on energy policy realism (nuclear advocate, debunks climate alarmism). Complements Mike Benz — Benz maps the system, Shellenberger breaks the individual stories. A-tier — excellent investigative work, less framework-building than Benz.
censorshipfree-speechtwitter-filesinformation-controlenergy-policygovernment-overreachcivil-liberties
FOLLOW THE MONEY ▸
OwnerMichael Shellenberger (individual)
Revenue modelSubstack paid subscriptions (Public — one of highest-grossing Substacks), book sales (Apocalypse Never, San Fransicko), speaking fees, UATX professorship salary, Environmental Progress (nonprofit).
Political leanHeterodox / contrarian center-right. Former progressive environmentalist who pivoted to climate skepticism and anti-woke positions. Named TIME 'Hero of Environment' but now critiques climate alarmism. Post-2020 focus on censorship, homelessness policy, and 'Twitter Files' reporting.
Conflicts of interestUATX affiliation places him in network of anti-woke intellectuals with specific donor backing. His 'Twitter Files' reporting gave him massive audience growth — career incentive to continue anti-censorship/anti-establishment framing. Environmental Progress has received funding that critics say creates conflicts with his climate positions.
Bias noteShellenberger's pivot from environmental progressive to heterodox contrarian is itself a monetization strategy — the 'former liberal who saw the light' narrative is extremely valuable in the Substack attention economy. His genuine expertise is in energy/environment policy, but his expansion into censorship, AI safety, and culture war topics stretches beyond his core competence.
THE THEORYThe guy who broke the Snowden files. Won a Pulitzer for exposing mass surveillance, then left his own publication when they tried to censor him. Same principles under every president — if the government is lying, he'll say it, no matter which team is in charge.
Civil libertarian journalism — consistent anti-surveillance, anti-censorship, anti-war regardless of which party is in power. Media criticism as a discipline.
Pulitzer Prize winner for the Snowden NSA revelations. Co-founded The Intercept, left over censorship of his own Biden reporting. Now independent on Substack + Rumble. Like Dave Smith, what distinguishes him is ideological consistency — same civil liberties stance under Obama, Trump, Biden, Trump 2.0. Strong on exposing the security state/surveillance apparatus and media as propaganda arm. Complements the Benz/Shellenberger information control coverage from a constitutional/legal angle. A-tier — proven track record, sometimes more reactive than framework-building.
civil-libertiessurveillancefree-speechforeign-policycensorshipgovernment-overreachmedia-criticismgeopolitics
FOLLOW THE MONEY ▸
OwnerGlenn Greenwald (individual)
Revenue modelSubstack paid subscriptions (returned 2026), previously Rumble contract (exclusive show 'System Update' + Locals community). Book sales. Speaking fees. One of Substack's highest-earning writers.
Political leanCivil libertarian / anti-establishment. Originally associated with left (ACLU background, Snowden reporting, Bush-era civil liberties advocacy). Post-2016 increasingly critical of Democratic Party, mainstream media, and intelligence agencies. Now draws audience primarily from right-leaning and libertarian spaces. Describes himself as non-partisan.
Conflicts of interestHis Rumble contract (2023-2025) was funded by a platform backed by Peter Thiel/JD Vance — raising questions about editorial independence during that period. His departure from The Intercept was acrimonious and shapes his persistent critique of legacy media. His audience migration from left to right creates incentive to maintain right-leaning framing.
Bias noteGreenwald's evolution from left-libertarian to a figure embraced by the right is itself a story about incentive structures. His Substack/Rumble audience skews right, which may influence topic selection and framing. Strongest on civil liberties, surveillance state, and media criticism. Weakest when defending figures/movements that align with his current audience.
Breaking Points
publication
02.10THE THEORYA progressive and a conservative who agree on the stuff that actually matters — anti-war, anti-corporate media, anti-elite capture. When left and right populism converge, that's where the real signal is. They're the barometer for what normal people think when the propaganda wears off.
Left-right populist convergence — two hosts from opposite ends of the spectrum agreeing on anti-establishment fundamentals: anti-war, anti-corporate-media, anti-elite-capture.
Krystal Ball (progressive) and Saagar Enjeti (conservative) broke from The Hill's Rising to go independent. Massive YouTube reach (1.5M+ subs). Their value: shows where left and right populism converge — which is exactly where the real anti-establishment energy lives. Daily show covering politics, foreign policy, media. Good barometer for 'what normal anti-establishment people are thinking' vs. our more specialized analysts. A-tier — broad coverage, high signal-to-noise, but more journalistic commentary than original framework.
us-politicsforeign-policyanti-establishmentmedia-criticismeconomicsculture-wargeopoliticsiran
KEY PEOPLE: Krystal Ball (left-populist), Saagar Enjeti (right-populist)
FOLLOW THE MONEY ▸
OwnerKrystal Ball and Saagar Enjeti (co-owners). Krystal Ball appears to be majority stakeholder.
Revenue modelPremium subscriptions via Supercast (primary revenue — landed 10,000+ paying subscribers in first 48 hours, tiers up to $1,500 lifetime), YouTube ad revenue, podcast advertising. Explicitly positions itself as not backed by 'soulless billionaires or corporations.'
Political leanAnti-establishment populist. Krystal Ball: left-populist (economic progressive, critical of Democratic establishment). Saagar Enjeti: right-populist (national conservative, critical of Republican establishment). Show's DNA is left-right populist alliance against corporate/establishment power.
Conflicts of interestSubscription model incentivizes content that energizes populist base — outrage and anti-establishment framing drives subscriber retention. Their brand IS being anti-establishment, creating pressure to always frame stories through that lens even when establishment positions may be correct.
Bias noteThe left-right populist framing is their unique value proposition but also their blind spot. Both hosts tend to find elite/corporate villainy in every story. Krystal leans toward economic populism, Saagar toward cultural conservatism — the overlap is anti-establishment sentiment. Strong on challenging mainstream narratives, weaker on stories that don't fit the populist frame.
THE THEORYOne of the original Twitter Files journalists who proved the government was telling social media platforms what to censor. Before that, he was the guy who explained the 2008 financial crisis in plain English (Goldman Sachs as 'a great vampire squid'). His beat: following the money and the power, then explaining it so everyone can understand. Now covers the Iran war, media capture, and institutional rot from his independent Substack.
Investigative journalism exposing institutional corruption — from Wall Street fraud to the censorship-industrial complex. Media criticism as a beat.
Former Rolling Stone journalist, broke out with iconic Wall Street coverage ('The Great American Bubble Machine'). Co-broke the Twitter Files with Shellenberger and Bari Weiss, exposing FBI/DHS coordination with Big Tech on content moderation. Left legacy media, now runs Racket News on Substack. Known for accessible, irreverent long-form that makes complex institutional corruption understandable. Complements Benz (maps the system) and Shellenberger (breaks individual stories) — Taibbi does the narrative journalism that makes people actually care. A-tier — proven track record, Pulitzer-caliber work, but more journalist than framework-builder.
media-criticismcensorshiptwitter-filesgovernment-overreachcivil-libertiesfinancial-fraudforeign-policy
FOLLOW THE MONEY ▸
OwnerMatt Taibbi (individual)
Revenue modelSubstack paid subscriptions (Racket News), podcast revenue (Racket News Live), book sales (multiple bestsellers including Griftopia, The Divide, Hate Inc.), speaking engagements.
Political leanAnti-establishment / populist left-libertarian. Former progressive (Rolling Stone era: Wall Street criticism, 'vampire squid' Goldman Sachs coverage). Post-2020 increasingly critical of Democratic Party, media censorship, and 'Twitter Files' reporting placed him in alliance with right-leaning anti-censorship movement.
Conflicts of interestHis 'Twitter Files' reporting (given access by Elon Musk) created a dependency relationship with Musk/Twitter — raising questions about editorial independence regarding Musk and X platform. Substack audience skews anti-establishment right, creating similar incentive structure to Greenwald's audience migration.
Bias noteLike Greenwald, Taibbi's audience has shifted rightward, which influences topic selection. His Rolling Stone-era financial journalism was excellent; his current focus on censorship and media criticism, while valid, sometimes lacks the same rigor. Access to 'Twitter Files' was granted by Musk — a subject he should be covering critically but rarely does.
THE THEORYEvery major civilization decline correlates with currency debasement. Fiat money enables endless war, debt expansion, and misallocated capital. Bitcoin is the first technology that could reverse this — a return to sound money principles that constrained governments for millennia.
Austrian Economics / Bitcoin Standard — fiat money is the root dysfunction of modern economies. Sound money (Bitcoin) fixes incentive structures across society. Monetary regime transitions follow predictable historical patterns.
Author of The Bitcoin Standard — the book that convinced Strategy (MicroStrategy) to buy Bitcoin. Austrian economics PhD from Columbia. Operates at the monetary THEORY layer — why fiat systems fail structurally, historical monetary transitions, hard money case. BTC maximalist. Added to fill monetary theory gap between Larsson (technicals), Lyn Alden (macro), and Dixon (financial system architecture).
crypto-macromonetary-policyfed-ratesus-hegemony
FOLLOW THE MONEY ▸
OwnerSaifedean Ammous (individual)
Revenue modelBook sales (The Bitcoin Standard — translated into 30+ languages, bestseller), The Fiat Standard, Principles of Economics. Online academy/courses on saifedean.com (subscription). Podcast. Speaking engagements. Bitcoin holdings.
Political leanLibertarian / Austrian economics. Anti-central-banking, anti-fiat, pro-individual-sovereignty. Strong free market orientation.
Conflicts of interestHolds Bitcoin — his entire intellectual framework argues for BTC appreciation. The more people read The Bitcoin Standard, the more buy BTC, benefiting his holdings. Also funded Bitcoin core developers to combat ordinals/inscriptions — has strong opinions on what Bitcoin should be used for.
Bias noteBTC maximalist — dismisses all altcoins and most critiques of Bitcoin. His Austrian economics lens can be dogmatic. Some social/cultural takes are controversial and go beyond his monetary expertise. But his monetary theory work is rigorous and historically grounded.
THE THEORYThe 20th century was organized around nation-states. The 21st will be organized around network states — communities that start online and eventually acquire physical territory. Technology doesn't just disrupt industries, it disrupts the nation-state itself. Whoever controls AI and crypto infrastructure controls the next era of power.
Network State / Technology as Geopolitical Power — nation-states are being unbundled by technology. Digital communities will reorganize into network states with their own governance, currencies, and territory. Crypto, AI, and decentralized systems are the new instruments of sovereignty.
Former CTO Coinbase, former a16z GP. Author of The Network State. Thinks about geopolitics through technology-as-power lens — AI infrastructure as instrument of sovereignty, crypto as state-building tech, network states replacing nation-states. Provides non-Western tech perspective. Added to fill tech-geopolitics gap.
crypto-macrous-hegemonyinformation-controlai-infrastructure
FOLLOW THE MONEY ▸
OwnerBalaji Srinivasan (individual)
Revenue modelVenture investments, angel investing, book sales (The Network State), speaking engagements, the Balaji Fund. Not dependent on media revenue — wealth comes from tech/crypto investments.
Political leanTechno-libertarian. Pro-decentralization, pro-crypto, pro-individual-sovereignty. Skeptical of legacy institutions. Strong free market orientation with a technology-first worldview. Indian-American perspective brings non-Western lens.
Conflicts of interestMassive crypto portfolio — his public advocacy for crypto and decentralization directly benefits his investments. Former Coinbase CTO — Coinbase benefits from crypto adoption. Venture fund invests in companies whose success depends on the world he describes in The Network State.
Bias noteSilicon Valley techno-optimist bias — can underweight political/military realities in favor of technology narratives. Famous $1M BTC bet (2023) showed willingness to make hyperbolic bets. But his analytical threads on AI, surveillance, and state power are genuinely original. Provides a non-Western tech perspective our portfolio lacks.
THE THEORYGround-truth investigative journalism with direct government and military sources. Drop Site breaks stories through leaked documents, anonymous officials, and on-the-ground reporting — not commentary or punditry. Their pre-war intelligence leak (Jan 2026) confirmed regime change as the US objective before the first bomb fell.
Investigative War Reporting
Nonprofit investigative outlet co-founded by Jeremy Scahill (Blackwater, Dirty Wars) and Ryan Grim (former Intercept/HuffPost DC bureau chief) in July 2024. Also features Sharif Abdel Kouddous and Murtaza Hussain. Hundreds of thousands of Substack subscribers. Scahill has direct contact with Iranian officials — reported on Witkoff texting Iran to resume talks. Broke the Jan 2026 pre-war intelligence leak. Strongest investigative war reporting source in our portfolio.
iran-warhormuzus-ground-warinformation-controlwestern-moral-credibilitycongressional-war-powersgeopolitics
FOLLOW THE MONEY ▸
OwnerDrop Site News (nonprofit)
Revenue modelSubstack subscriptions (free + paid tiers). No advertising. Nonprofit structure.
Political leanAnti-establishment, non-aligned. Progressive-adjacent on civil liberties and anti-war issues. Scahill has reported critically on both Democratic and Republican administrations. Not partisan — adversarial toward power regardless of party.
Conflicts of interestNone significant. Nonprofit subscriber model eliminates advertiser pressure. No corporate board or institutional funders on record.
Bias noteStrong anti-war editorial stance inherited from The Intercept's DNA. Scahill's career is built on exposing military/intelligence abuses — this lens naturally emphasizes costs, civilian harm, and government deception in war coverage. Valuable corrective to official narratives but should be cross-referenced on claims about US military effectiveness.
THE THEORYMost Western Russia analysis reads Moscow through a threat lens. Diesen reads it from inside — how the Eurasian bloc frames its own actions, why it sees the Western order as declining, and what it is building to replace it. The Russia-side equivalent of what Bill Bishop does for China: primary signal from within the camp, not Western punditry about it.
Greater Eurasia / Russian foreign policy from within
Professor at University of South-Eastern Norway. Editor of the journal *Russian Foreign Policy*. Writes the Greater Eurasia newsletter and podcast. 183K followers on X. Added to give the portfolio the Russia/Eurasia inside view — same role Bill Bishop plays for China. CAVEAT: frames Russian actions as rational responses to Western overreach rather than aggressive choices. That is analytically useful (it is how the bloc reads itself) but it is a lens, not neutral analysis. Cross-check against Western-source reads.
russiaeurasiamultipolarityworld-orderhegemonic-retrenchmentpost-dollar-railsbricsgeoeconomicssanctions
FOLLOW THE MONEY ▸
OwnerGlenn Diesen (individual)
Revenue modelSubstack newsletter (Greater Eurasia), YouTube podcast ad revenue, academic salary. No known institutional media or think-tank funding.
Political leanRealist/critical of Western foreign policy. Frames the post-Cold War liberal order as overreach and multipolarity as inevitable. Norwegian academic, not aligned with any party.
Conflicts of interestAcademic position and newsletter/podcast revenue both depend on sustained reader interest in Eurasian geopolitics and the multipolarity thesis. No known government or oligarch funding.
Bias noteTreats Russian foreign policy as rational and Western actions as the primary driver of confrontation. This corrects our perspective asymmetry (we see how the Eurasian bloc reads itself) but is not a neutral assessment. Cross-check against Western-source reads of the same events.