Ben Kelleran - AI CapEx Bubble Risks, Gold Hedges & Western Societal Breakdown

The Contrarian Capitalist Podcast · Oct 20, 2026 · 1h 9m

Today’s podcast guest is Ben Kelleran, Investor, speculator, and occasional degenerate gambler in the markets. CPA and recovering Big 4 auditor.

AUDIO IS AVAILABLE HERE

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NB - Recorded on 20th October 2026 PM U.S. Time

10 Key Points from this conversation:

* AI CapEx cycle exceeds past infrastructure booms and relies on opaque, illiquid funding that risks a sharp dry-up.

* Circular financing (e.g., Nvidia-CoreWeave ties) and growth-at-all-costs incentives create a potential financial train wreck.

* AI tools are genuinely useful but…