Jason Calacanis and Adam Curry Unpack Venezuela Oil Deal and AI Trends

Episode 1899 of the No Agenda Show, titled "Asymmetric Intimacy," published August 30, 2026, features host Adam Curry broadcasting from Rotterdam, the Netherlands, with special guest Jason Calacanis of the All In podcast filling in for the late John C. Dvorak. The conversation ranges from President Trump's newly announced 65-billion-barrel Venezuela oil deal to open-source artificial intelligence, the Meta child-safety settlement, and the ranching economics behind Trump's decision to suspend tariffs on imported ground beef ahead of the midterm elections.

Curry and Calacanis expertly deconstruct a packed news cycle with their signature analytical style. Topics include:

• Trump's Venezuela oil announcement, Ted Cruz on Meet the Press, and Ontario Premier Doug Ford's reaction
• Treasury Secretary Scott Bessent's "Operation Economic Outcast" and Iran sanctions targeting UAE cash houses
• Exploring the rise of Hyperliquid, perpetual futures contracts, and stablecoin-backed U.S. Treasuries.
• Nvidia's acquisition of Hugging Face and the shift to verticalized small language models
• The Meta $18 billion multistate settlement over teen platform harms
• Glenn Beck's Oval Office interview on beef processing cartels JBS, Tyson, Cargill and National Beef

Calacanis, a longtime Silicon Valley investor and early Uber backer now based in the Texas Hill Country, credits Curry directly for the medium itself. "You created podcasting with Dave Winer," Calacanis tells Curry, adding that he recently pressed Spotify to adopt Podcasting 2.0 standards. Curry, in turn, introduces a new phrase for the host-listener bond: "It's parasocial is the fancy word for it, and I call it like asymmetrical intimacy. And they just think, wow, J. Cal, I'm your buddy, because you're in people's ears." This exchange inspires the episode's title, 'Asymmetric Intimacy.'

The pair dig into the mechanics behind headline stories. Calacanis argues that Trump is running the 1890 McKinley tariff playbook against Canada, citing Chrystia Freeland's CNBC appearance with Joe Kernen and Prime Minister Mark Carney's collapsed trade talks. On AI, Calacanis warns that Anthropic and OpenAI are pursuing regulatory capture while open-source models from Z.AI's GLM and Nvidia's Nemotron close the gap. On homelessness, he draws on his experience watching San Francisco and Austin unravel, insisting the crisis is driven by fentanyl and methamphetamine, not housing. Curry counters on the Iran war, defending Bessent's strategy to break the London-centered oil finance system and cut IRGC funding.

No Agenda is a long-running, listener-supported podcast hosted by Adam Curry and the late John C. Dvorak that takes a skeptical, independent look at mainstream media, politics, culture, and the forces shaping the daily news cycle. Known for its sharp commentary, humor, and value-for-value model, the show deconstructs how stories are framed, amplified, or ignored across news outlets, government messaging, and tech platforms. Episode 1899 is available now wherever podcasts are heard.

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