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Craig Tindale

Money, matter and the chokepoints between them.

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Substack
PricingOnly free issuesPublishesDaily
Issues71Foundeda year agoLast Issue23 days ago
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Latest Issues

India's Existential Material Trap, Part Two

India holds US$734.6 billion in foreign reserves. It is one of the richest treasuries on earth. Its factories make 13.1% of GDP. In 2006 they made 17.3%1.

The money grew. The market shrank. As part one showed, India cannot make the seven i...

23 days ago
22
8

Sovereign Black Warrant: India’s Existential Material Trap

Part One. The charge

Forty-seven per cent fewer scooters

India faces the gravest risk any nation can face: it cannot supply the inputs it needs to stay independent. Every factory it is building to become an industrial power, every...

24 days ago
32
6

THE INVISIBLE ARMY

The exposure draft of the Online Safety Amendment (Digital Duty of Care) Bill 2026 lets the eSafety Commissioner run false identities online in any number, despite any other law, with zero transparency.

An appeal from Australia

Please...

a month ago
21
9

Bessent Is the House Now. Gold Is the Tell

The house and the tell. Caravaggio, The Cardsharps, c. 1594.

The United States Treasury has begun managing the conditions under which it buys, finances, holds, and sells its debt, and gold marks each point in American history when those co...

a month ago
60
24

The Short Side of National Security

Capital access and industrial readiness

America can’t rebuild its industrial base with factory announcements alone. It needs the financing that turns equipment into qualified output.

In May 1940, Franklin D. Roosevelt connected governm...

2 months ago
24
14

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