In short
A Book with Legs: Episode Summary
Episode Title
Kenneth R. Rosen - Polar War
Podcast Description
In this episode, the host Cole Smead interviews Kenneth R. Rosen, author of "Polar War: Submarines, Spies, and the Struggle for Power in a Melting Arctic." They explore the intricate dynamics of geopolitics in the Arctic, climate change implications, and how historical context plays a role in current international relations.
Key Themes and Concepts
- Geopolitical Importance of the Arctic
- The Arctic is becoming increasingly significant due to melting ice, which opens new shipping routes and increases competition for resources among global powers.
- Russia views the Arctic as a critical area for national identity and military strategy.
- Kenneth Rosen discusses how climate change and geopolitics are intertwined, influencing both local and global dynamics.
- Historical Context of Arctic Exploration
- Historical figures like Robert Peary navigated the Arctic under challenging conditions, contrasting sharply with today's more accessible travel.
- The evolution of Arctic exploration from courage and hardship to ease of access illustrates the changing dynamics of human interaction with this region.
- Unique Stories from the Arctic
- Whiskey War: A humorous yet poignant story of territorial disputes between Canada and Denmark over Hans Island, marked by the exchange of whiskey and aquavit bottles.
- The Arctic has been portrayed historically as a "zone of peace," a notion challenged by current military tensions and power competitions.
- Climate Change Effects
- The discussion touches on the rapid changes in the Arctic environment, including the introduction of non-native species like pink salmon, which threaten local ecosystems.
- The impact of melting permafrost on carbon release poses a global threat.
- Cultural Insights
- Personal anecdotes illustrate the unique lifestyle and challenges faced by inhabitants in the Arctic, such as the effects of prolonged darkness on mental health and perception of time.
- The podcast highlights the complexities of living in a small, interconnected Arctic community where every individual plays a critical role.
- Military Presence and Preparedness
- The episode discusses the inadequacy of current U.S. military preparedness for Arctic conditions, detailing instances of arrogance and miscalculations in training.
- Rosen emphasizes the need for better understanding and cooperation among Arctic nations, particularly in response to Russian and Chinese activities.
- Local Perspectives and Indigenous Rights
- Greenland's path toward self-determination and the importance of engaging with indigenous communities are emphasized.
- The podcast critiques Western nations’ tendency to overlook indigenous rights and issues in favor of strategic interests.
- Environmental Reflection
- The narrative reflects on humanity's relationship with nature, illustrated by the story of the last spruce tree, symbolizing the environmental degradation caused by exploitation.
Key Takeaways
- The Arctic's geopolitical landscape is shifting rapidly due to climate change, requiring urgent strategic considerations.
- Historical narratives and personal experiences provide valuable insights into the current state of the Arctic and its implications for future conflicts.
- Engaging with and respecting indigenous populations is crucial for sustainable development and governance in the Arctic.
- The need for cooperation among Arctic nations is paramount for addressing shared challenges, including military presence and environmental protection.
Conclusion This episode of "A Book with Legs" offers a multifaceted view of the Arctic through Kenneth R. Rosen's insights, blending history, geopolitics, and personal narratives to highlight the urgent need for awareness and action regarding this critical region. The discussion encourages listeners to appreciate the complexities of the Arctic and the broader implications of current developments on a global scale.
Call to Action Listeners are encouraged to read "Polar War" to gain a deeper understanding of the Arctic's historical context and its significance in contemporary geopolitics.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOIntroducing Kenneth R. Rosen
0:45 to 1:55
Discussion of Kenneth R. Rosen's background and his book, 'Polar War'.
“In this episode, we will discuss one of the most unbearable places on Earth and what often seems to be a typical hotspot of aspiring global empires.”
The Story Behind Polar War
1:55 to 4:40
Kenneth Rosen explains the origins of his book from a magazine assignment and explores the geopolitical implications of the Arctic.
“And with recent news out of Greenland and Denmark, I think it's surprising a lot of people, but I also note that a lot of people saw this coming or some similar situation on the horizon.”
Courage versus Convenience in Arctic Travel
4:40 to 7:46
Discussion on how air travel has changed access to the Arctic, making it more accessible compared to historical challenges.
“I can simply book a flight and get to a remote community.”
The Whiskey War: A Comical Conflict
7:46 to 10:29
Kenneth details the humorous history of the Whiskey War between Canada and Denmark over Hans Island.
“What we see now is a little bit more antagonistic and is not the de rigueur notion in the Arctic, which is largely predicated on international cooperation, search and rescue operations and scientific research.”
The Changing Perception of the Arctic
10:29 to 12:36
Exploration of how international views of the Arctic have shifted from peace to potential conflict.
“The United Nations Convention on the Law of the Sea is another thing that the U.S.”
Boundaries and Sovereignty in the Arctic
12:36 to 14:03
Understanding the complexities of territorial claims and boundaries in the Arctic as climate change impacts the region.
“Can you explain to us what the ice curtain is and maybe use that as a way of, you know, talking about Russia's presence in the Arctic?”
Russia's Dominance in the Arctic
14:03 to 15:05
Explore Russia's military and environmental activities in the Arctic.
“all eight Arctic states come to discuss matters of non-militarization.”
Understanding Ice Melting Effects
15:06 to 16:19
Discuss ice melt's impact on climate and indigenous communities.
“So like the Greenland ice sheet is like nearly two miles thick in some parts, right?”
Arctic and American Exceptionalism
16:20 to 17:28
Contrast Russian and American views on exceptionalism in the Arctic.
“that were non-existent 50, 100 years ago.”
Svalbard's Unique Political Landscape
17:29 to 20:01
Examine the changes in Svalbard's governance and community dynamics.
“in a country with a language that they do not speak, because man, will that humble you?”
Show all 32 chapters
Life in Svalbard and Geopolitics
20:47 to 22:08
Discuss the experiences of a diverse population in Svalbard amid political changes.
“It's like, you know, there's a large foreign population.”
Communication Challenges and Threats
22:09 to 23:55
Investigate risks to communication infrastructure in the Arctic.
“I think you mentioned earlier quickly, like communication cables being cut.”
Survival Tactics in Arctic Waters
23:56 to 27:28
Learn about survival strategies in frigid Arctic waters and their implications.
“So you talk about in the winter months when there obviously is no sun, you talk about this idea of hallucinations, right?”
The Arctic Circle Assembly's Role
27:29 to 28:00
Examine the function and effectiveness of the Arctic Circle Assembly.
“So there's already a mechanism within us that, that, that allows us to survive longer if we're able to recognize it and control it.”
Arctic Circle Assembly and Indigenous Concerns
28:00 to 29:35
Explore the dynamics of the Arctic Circle Assembly and its impact on indigenous communities.
“Like I think of all the fishing shows on Discovery Channel.”
Debates on Ice-Breaking Ships
29:35 to 31:30
Discussion about the complexities and debates surrounding ice-breaking regulations.
“the ones about how we need to defend off Russia and how we need to defend off China and the Arctic.”
Cooperation in the Arctic
31:30 to 34:48
Insight into cooperation among Arctic nations post-Soviet Union and the need for mutual support.
“that, you know, you have all these people who are serious about the region, who really want to help the region, who are focused on ostensibly bettering the region, but then can't come to decide what, what is that?”
Russia's Strategy in the Arctic
34:48 to 36:07
Analyzing Russia's approach and potential destabilization tactics in Arctic regions.
“And to your point, I mean, I'll use Alaska as a picture.”
The Purchase of Alaska
36:07 to 37:54
History of Alaska's acquisition and its implications on US-Russia relations.
“I think discombobulation and destabilization.”
Russian Arctic Challenges and Canada's Role
40:08 to 42:00
Discussion on the challenges facing the Russian Arctic and Canada's strategic importance.
“Smead funds distributed by Smead Funds Distributors, LLC, not affiliated.”
Cooperation with Canada in Arctic Defense
42:00 to 43:19
Learn about the importance of collaboration with Canada for Arctic defense.
“need to do ice breaking I'm gonna call the Canadians cuz that's what they're really good at I think a lot of countries are really good at it it was Certainly a lot.”
Greenland's Path to Self-Determination
43:20 to 45:39
Discover Greenland's efforts towards self-determination and foreign investment.
“with the interests of other people who have ours in mind as well.”
American Military Training in Arctic Conditions
45:40 to 48:44
Understand the challenges faced by American forces during Arctic training.
“I loved this part of the book that I'll ask a question on here in a second.”
US Coast Guard Icebreaker Capabilities
48:45 to 53:52
Evaluate the capabilities and limitations of US Coast Guard icebreakers.
“And that we need to be able to do that without the arrogance of the American exceptionalism, like you noted, no longer exists.”
Ecological Impact of Invasive Salmon Species
53:53 to 56:00
Learn about the ecological effects of invasive pink salmon on native species.
“I'm trying to remind myself, you know, I think you even mentioned that the interior of the ship on the Svalbard was like so much more enjoyable and livable.”
Impact of Russian Relations on Arctic Ecology
56:00 to 59:32
Learn how geopolitical tensions affect environmental studies and local ecosystems in the Arctic.
“the scientists that I was traveling with during that reporting trip had noted that there once were commercials on Norwegian television about how clean the Norwegian water was, how drinkable it was.”
Secrets and Surprises in Arctic Warfare
1:00:24 to 1:03:18
Explore lesser-known military strategies and realities in the Arctic region.
“Still unclear whether or not they were research, whether research balloons or whether they were surveillance balloons.”
Cultural Observations from the Arctic
1:03:18 to 1:09:08
Understand the cultural dynamics and local storytelling in Arctic communities.
“So you're, I think it was Dutch Harbor late in the book.”
Alaska's Environmental Challenges and Future
1:09:08 to 1:10:00
Learn about the impact of the Trans-Alaska Pipeline and conservation issues in Alaska.
“I'll leave it for your listeners to read about, you know, the Greenlandic folklore about what happens when you when you mistreat the land that you come to rely on.”
Social Media Absence and Book Insights
1:10:00 to 1:10:20
Kenneth discusses his lack of social media presence and shares how listeners can connect with him.
“Are you pretty active on social media, things of that nature?”
Exploring the Arctic and Second-Level Thinking
1:10:21 to 1:11:35
A discussion on the importance of second-level thinking and the indirect implications of global issues related to the Arctic.
“Well, I just want you to know, like I said earlier, as a kid from Seattle who's been to Alaska and there's just so much about this.”
Promoting 'Polar War' and Listener Engagement
1:11:36 to 1:11:58
Encouraging listeners to buy 'Polar War' and engage with the podcast by providing feedback or book recommendations.
“Our listeners should go out and buy a copy of Polar War to understand the history of these ideas and how they have been collected over time to get us where they are.”
Transcript
Automatic transcript. May contain errors.0:02You're listening to A Book With Legs, a podcast presented by Smeed Capital Management. At Smead Capital Management, we advise investors who play the long game. You can learn more at SmeadCap.com or by calling your financial advisor.
0:22Welcome to A Book With Legs podcast. I'm Cole Smead, CEO and Portfolio Manager here at Smead Capital Management. At our firm, we are readers and we believe in the power of books to help shape informed investors. In this podcast, we speak to great authors about their writings. The late, great Charlie Munger prescribed using multiple mental models and analysis. We analyze their work through the lens of business, markets, and people. In this episode, we will discuss one of the most unbearable places on Earth and what often seems to be a typical hotspot of aspiring global empires. Kenneth R. Rosen is joining us to talk about his recently published book, Polar War, Submarines, Spies, and the Struggle for Power in a Melting Arctic.
1:07A little background about Mr. Rosen. He was a 2025 Ira A. Lipman Fellow at Columbia University. Ken also received the 2022 Kurt Shork Award for his reporting from Ukraine, Syria, and Malta. He also published Troubled in 2021 and Bulletproof Vest in 2020. Ken has written for the New York Times and the Atlantic, among other publications. He spends his time between Italy and Massachusetts. And as you mentioned to me before, Ken, you're joining us today from Massachusetts. So thanks for joining me. Yeah, thanks for having me. Excited to have a nice long chat. Yeah, this will be fun. So, you know, I mean, you've traveled a lot of places.
1:49You've been a correspondent in some interesting places, you know, not even counting the Arctic. um you know what brought you to tell this story was it a life event or what drew you into storytelling about this yeah polar war came out of a magazine assignment uh from politico magazine to go to the archipelago of svalbard which is a a norwegian territory in the arctic ocean about 800 900 miles north of the norwegian mainland and they were keen on me looking into some of the security issues that were present there and in the in the circumpolar north primarily um months before i'd gotten there and under sea cable had been uh severed by um conspicuous or inconspicuous means um and that nearly severed the communications to the uh archipelago and islands therein um for some time uh so i wanted to understand what was happening there but as i was reporting over two weeks there, I learned that this was more of a trend globally across the global Arctic, not relegated to just the European Arctic.
2:56So I was keen with polar war to sort of understand what the dual impacts of climate change and geopolitics were, not just in the region, but how those two affected our lives here in the lower latitudes and what sort of coming storm we can anticipate from a great power competition in the high north. And with recent news out of Greenland and Denmark, I think it's surprising a lot of people, but I also note that a lot of people saw this coming or some similar situation on the horizon. Sure. So in the opening part of your book, you said that it once took courage to go to the Arctic. Now it only takes time and cash.
3:38Give our listeners a feel for the pendulum of when it was courage versus when it became, you know, I'll call it more novelty or your need to do it for your job. What, you know, where did that change in the last, say, 100, 150 years? I mean, air travel, of course, opened up the Arctic to anyone who has the ability to pay the exorbitant cost of some of these flights. In the case, I mean, you know, we're talking about Robert Peary back in the 1800s who had to, you know, festoon a wooden ship and brave through ice conditions that no one had brave through to get to nowhere, essentially, like not anywhere that they knew that they were going.
4:17No place on a map could help them. And they were literally plotting the map as they were going. So now after the Second World War, you see a lot of lasting infrastructure, I think specifically of Greenland. I mean, the main airports there were built by the American forces to support operations in Europe against the Nazis. And now, like I said at the beginning of the book, I don't have to worry about feeding my dogs or killing my partner in order to feed myself or trying to trek across an unmapped territory. I can simply book a flight and get to a remote community. And yes, there are some hardships.
4:55I always try to remind people that Air Greenland is really expensive. And it's expensive for a reason, but not because why you'd imagine. It's expensive because they need to factor in the cost of the passengers layovers due to weather and the and the coverage of board and food and room during those layovers, which can be three, four or five days sometimes. Sure. So you also explain early on the story of the whiskey war. Can you just teach our listeners that story? Because it really kind of does a good job of kind of talking about, you know, why these things are important in some ways and comical in others, if that makes sense.
5:34Yeah, I really when I came across the story of the the whiskey war, it was relayed to me by a pilot in Greenland who had served in the Royal Danish Air Force. um I realized there was this comical continuation of uh issues in the Arctic where the only way to settle them was through sort of you know tongue-in-cheek manners you know you can have a resolution and put it on hold for 10 20 years 30 years in this case it was closer to 50 years uh but the the whiskey war uh started um I'm gonna I'm gonna forget the date I don't have it in front of me but it started when um a canadian petroleum company sent a scientist out to go research a small little island called hans island and whether or not um the ice collecting there in that strait between canada and greenland was an effective place to start drilling for oil out in in the arctic ocean so they were looking into sea ice conditions and and running tests there But the Danish government believed that to be an affront to their sovereignty over Greenland and so sent representatives from Denmark to go place a flag and a bottle of aquavit on that rock to let the Canadians know that this was their rock.
6:54And so for the next 50 years, what happened was the Canadians would come, usually military forces would come, replace a bottle of aquavit with Canadian whiskey and a Canadian maple leaf flag. And they would go back and forth, back and forth, deciding who had the right to that island. Near the end of the conflict, as it were, the two countries decided that the edges of that rock, the island, it's really more of a rock, were where the two countries ended. and that was sort of a no man's land. But in 2022, 2023, the Danish and Canadian governments signed an agreement to just split the rock, Hans Island in half and call that cooperation, call it for the day.
7:38That is how things have often gone in the Arctic, where one superpower or one nation tries to show force to another nation, but it's more or less in jest, and then it's always resolved in a peaceful manner. What we see now is a little bit more antagonistic and is not the de rigueur notion in the Arctic, which is largely predicated on international cooperation, search and rescue operations and scientific research. So the Arctic is not seen as a zone of peace. That's what Miguel Korbachev said. And you reference that in your book. You know, So what was that view at that time, right, when he was in power of the Arctic, just to understand, you know, where we've come from, you know, coming out of, say, what we know as the Cold War era?
8:25Well, that was from Gorbachev's speech in Mermansk, which is the most populous city in the Arctic in the Kola Peninsula of Russia. And he was saying that it was a zone of peace near the end of the Cold War, that it should be this place. I think he called it the sink of the global climate into which all strains, right? and the view then was that this is how the world should operate there no more nuclear testing up there no more conflicts in the high north um you know even dating back to world war ii there was the atlantic defense wall that the nazis had built in northern norway and they wanted to ratchet down the tenor and the and the and the caustic approach to um the region now that's changed and some people no longer see it as a zone of peace, but more like a zone of war.
9:12A lot of researchers that I spoke to called it the new Cold War or trying to get behind the new ice curtain. So really harking back to that language we saw during the Cold War. Sure. How about the boundaries in the Arctic? You discussed this idea of like, what is the boundaries in the Arctic and how are those decided as we think about the Arctic Circle? Well, it's really interesting. Some of the issues that are rising now with the with the melting of the the annual sea ice in the arctic ocean uh which scientists believe will will be virtually gone by the year 2030 there'll still be ice in the winter but all gone in the summers is uh the opening of shipping lanes and trying to figure out just what that geography is right but as we follow the pole the the the lines of of different nations and their sovereign territory sort of like peak and connect at the North Pole.
10:05So to determine where along that pole people can claim territory is one question that has only now come up because for the longest time, everyone in the international community agreed that your exclusive economic zone extended 200 miles off your shoreline and that's it. And now with people moving up there and moving more vessels up there and operations up there. Some people are rethinking that. The United Nations Convention on the Law of the Sea is another thing that the U.S. hasn't signed on to, in part because they want the opportunity to explore further beyond Alaska into the Arctic Ocean. So on the heading of climate change and the ice receding, you talk about cloudberries, and you kind of tell a story of where cloudberries are collected and where they grow and what their use is and then where they're growing new.
11:00So teach us about cloudberries and why they're in the Arctic. Yeah, well, I'm forgetting what they call them in stateside, but we do have them in Alaska. The story you're referring to about the cloudberries was that they couldn't grow in Svalbard, the archipelago I mentioned earlier. And that was, you know, it was impossible for it to grow because the land was so frozen and there was rarely any rain. It was just snow and ice and then dark and light. But more recently, as the Arctic is warming four and a half times, sometimes five times faster than the rest of the planet, that area in Svalbard has seen more rain.
11:41It has seen more mudslides. It's seen more impacts from the changes in the global atmosphere to allow for these cloud berries to now push through and come up. And so you just take that as like, you know, that will just, you know, because I think the other thing I thought a lot about in your book is like these climate things, it's not just things on their face. It's like, okay, what does that cause? Because there's like the knock on effect. So as we talk about climate, you know, it's not everything on its face. There's something else. So like who's going to eat the cloudberries or what animals are affected by the cloudberries?
12:14Did you think about like that at all in terms of as you're watching climate change? Because I think I'll address this later when it comes to talking about fish, for example. Yeah, I mean, the reason I chose the cloud bearers was it was a it was a good narrative tool to get the reader to go to Svalbard from mainland Norway. Sure. But also because it shows that there's some precious changes occurring in the high north that do have these unknown outcomes, right? like you mentioned if the cloud bears come what other um what other ecosystems and um animals are going to be welcome in that planet too in that region too um you know it was only in 2014 that that whole svalbard was locked in ice by early september early october and now that is vert the fjord there is virtually ice free around then and that has had huge implications for seal life and all the other mammals that live out there.
13:17Sure. Can you explain to us what the ice curtain is and maybe use that as a way of, you know, talking about Russia's presence in the Arctic? Yeah, the ice curtain refers to the inability for Western countries to understand or see effectively what russia intends to do and what they are doing in uh the high north in in the arctic especially after russia's invasion of ukraine in 2022 sure after which all western countries sort of severed communication with russia more or less they've got something of the boot from the arctic council which is the the the treaty organization of the high north where all all eight Arctic states come to discuss matters of non-militarization.
14:10So now trying to peek behind that ice current is very difficult. And it's always been Russia, who has the largest claim to the Arctic, being 60 % underlain by permafrost, having the largest Arctic coastline. And they see themselves as the primary dominant force in the Arctic. but without communicating with them we don't know a much about what they're doing militarily but also what their change in climate means for us for for western nations and and and for the the planet elsewhere i mean permafrost i guess the book i try a lot in the book to say why do we care about permafrost thawing well you and i should care because that's a lot of lot of carbon that's trapped there that's going to be released in the atmosphere and whether or not it's in Russia or Svalbard, it doesn't matter because eventually it's going to start warming the places that we live.
15:05Sure. And I think you mentioned that to have, let's just use the Arctic ice melt, you pointed out that having that ice melt is no more problematic than having the ice in your glass melt and fill up the glass, if you will, versus I think you talked about the ice on Greenland that sits on land is very different because that's not in the drink. Well, yeah. So like the Greenland ice sheet is like nearly two miles thick in some parts, right? But that's more of a glacier. And so as the glacier melts and brings more salt water into the Atlantic, that'll cause problems. But the ice sheet up top is really just frozen water that continues to circulate throughout the year and then dissipates a little bit and then grows as the winter comes.
15:53So that isn't causing much of an issue. as far as the climate goes. It does, however, impact the way the sun radiates heat or the earth radiates the sun's heat back into space, back outside of our atmosphere. So the less ice coverage we have there too also impacts, you know, fauna and mammals and most certainly the indigenous communities who are living along the coastlines of these Arctic regions who relied on that ice to protect them from typhoons and other weather events that were non-existent 50, 100 years ago. Sure. In 2025, the idea of American exceptionalism probably peaked, in my opinion.
16:38Russia, in comparison, likes this idea of Arctic exceptionalism. If you were going to define Russia's view of Arctic exceptionalism, what is that? It's that it's part of their blood. The Arctic exceptionalism for a Russian is that the Arctic is ours. I mean, you know, thinking back to the gulag or just the Stalin's red Arctic propaganda, this has been something that defines the Russian culture and is a part of their character. You know, their strength that they can survive in the cold, that Napoleon was defeated because of the cold. And, you know, for America, you noted earlier in the introduction that I split my time between Italy and the U.S., I think everyone in America should be mandated to, if I were president, one of my executive orders would be everyone needs to spend two years abroad in a country with a language that they do not speak, because man, will that humble you?
17:36And seeing America from that vantage point over five years living there full-time and roving across Europe is disheartening. So, yeah, I mean, I agree with you that maybe 2025, maybe even earlier, maybe 2020, American exceptionalism went out the door. And we are no longer that stalwart global power. We are a global power, no doubt. I mean, our GDP is still what it is, but we don't possess the same sway that we once did. And that's unfortunate. it. Well, to your point, when I think of your point on Arctic exceptionalism, no one's testing that on the Moscow Stock Exchange, for example. But in American terms, your point about American exceptionalism, it's like our stock market, that is a form of American exceptionalism, some would argue, or the fact that our dollars use.
18:28So it's also interesting, as I was reading through your book, it's like, as you think about this region, the things that drive some people's day-to-day in business or in the Western world. I mean, those are not the interest day-to-day. You talk about Svalbard and the nations that agree to cooperate around it. And this is a place, if I remember correctly, they go, I think it's passport-free. Yeah, visa-free. Yeah, visa-free. So explain, if I'm from the US or I'm from the EU, when I show up there, What is that like? I mean, to your point, it's visa-free, but at the same time, it's kind of no man's land, isn't it?
19:08Well, the Norwegians have been asserting more and more control over Svalbard in the last two years while I was reporting the book. And it's no longer really no man's land. There's a lot of contention between the people that have gone there from the Philippines, from the U.S., from other Scandinavian nations to work there and live there and make a life for themselves without, you know, needing citizenship or needing any number of other documents to say that you belong there. You were able to just go and belong. And that I think I outline in the book, or I try to outline, you'll have to tell me if I'm successful.
19:44I try to outline that as one of those things within local politics in the Arctic that is showing this degradation of peace and cooperation and what once was the Arctic versus what it seems to be becoming. Sure. Hi, I'm Cole Smead, CEO and Portfolio Manager here at Smead Capital Management and host of this podcast. If you enjoy this podcast, I'd like to invite you to check out SmeadCap.com. At our firm, we are stock market investors. We advise investors who play the long game with a discipline that has proven success over long periods of time. Learn more about our funds at SmeadCap.com. Past performance is not indicative of future results.
20:28Investing involves risks, including loss of principle. Please refer to the prospectus for important information about the investment company, including objectives, risks, charges, and expenses. Read and consider it carefully before investing. Smead funds distributed by Smead Funds Distributors, LLC, not affiliated. You mentioned the politics. It's like, you know, there's a large foreign population. You know, I'll call it for lack of a better term when I was reading your story. Um, it's like a hodgepodge of people who've ended up there for various reasons. Um, and yet very few of them have any political rights other than they're just present in the city.
21:05Is that, is that an easy way of thinking about it? Right. So initially it was, everyone was on an even, even keel, right? You can have a driver's license. If you had one from a different country, you could vote in local elections. You could purchase property. You could work there without a work permit, so on and so forth. And then, yeah, over the last two years now, if you're not Norwegian or of Norwegian descent, Norwegian citizenship, then you're more or less unwelcome. And I tell the story of a few people who live out there who have seen and felt that change occur and what that meant for their experience of that place to which they went because they wanted, you know, to get out, to get away from the rest of the world, to get away from the work a day, nine to five.
21:53regular life and live in this cool, beautiful, wonderful, exciting, interesting, unique place, only to then find out that eventually geopolitics is playing a bigger role in their own life there, too. It's sort of sad. You also talk about the threats in Svalbard. I think you mentioned earlier quickly, like communication cables being cut. I mean, I know this is going to sound prima facie are just really obtuse to say, but who cuts communication cables? And then secondly, how about illegal phishing and other risks like that that I think you mentioned in the book? Yeah, it's actually the illegal phishing sensors on the seabed floor that were able to catch some of this happening aside from the actual cutting of the cable.
22:40Who would cut cables? Well, let me ask you who would benefit from severing communications to an island that they have a small community on and maybe potentially want to expand on. It's right out of a James Bond book. Yeah, I mean, it's kind of, you know, but it's commonplace in the region because as Russia becomes more brazen and China becomes more brazen, they're testing vulnerabilities. And, you know, can they see what boat was there when the line was cut? Do we know who blew up the pipeline in the Baltic Sea? Do they care that a drone from Russia flew into Finland or that a rocket landed in Poland?
23:25What are they going to respond to? You know, before the whole Greenland thing kicked off, I kept asking all these all the experts that I interviewed and there was some 400 people that I spoke to over three years. I kept asking, why doesn't Russia just take over Svalbard and see see what NATO does? Because it's so small. There's like twenty five hundred people there and test them that way, because I don't think anyone wants to watch World War Three over, you know, a place where more polar bear. There are more polar bears and people. But yeah, now we got Greenland. Yeah. So you talk about in the winter months when there obviously is no sun, you talk about this idea of hallucinations, right?
24:06Because usually the way most of us in the world track time, just like the ancients did, was through the sun. um you know we have our watches obviously but you can tell where the sun is in the sky and that doesn't happen there so what what are you talking about when you say hallucinations and what what goes through your mind as you as you wrote about that well use the the more um juvenile example first which is when i was in living in juneau as a as a cub reporter on my first real reporting job uh and you know a bunch of people invited me out for drinks one night And I kept saying, oh, you know, it was in July, June or July.
24:45Oh, I'll go home when it gets darker. And so I kept having a beer and then I had another beer. It wasn't getting darker. And then I realized it was around 1230 at night in the morning and I should have gotten home a lot earlier. But my body had adjusted to the notion that, you know, time changes differently when you're relying on the light to help guide you. um in svalbard the hallucinations that you mentioned in the book is you know you the sun sits on the horizon in such a way that it almost always looks like afternoon um and you know traveling to all these places over over those three years non-stop jet lag um but also arriving to snow and ice all the time it was it was a bit jarring to try to get your um your your cicadia rhythm in in line with where you were um you know if you don't have an alarm you still have an alarm clock that wakes you up at 6 a.m say but it's really really dark out or it's really really you're still wondering your body's like well i don't know maybe maybe it's maybe you missed the alarm or maybe that's such a real alarm or um so i was always finding myself like did i i was already here did i meet them last time was it this time i i know i saw her then but as a small community.
25:57Maybe I saw her over there. And those were not as troublesome as maybe I highlighted in the book, but they were something that struck me as unique to the region. Sure. And I think you mentioned such a small place that like there's two cafes. So like, did I meet them at that same cafe last time? And so even in your mind, it's hard to differentiate the times you met with them because it's the same places. And to your point, hallucination is more kind of disorienting, you know, to your point. The other thing you touch on, what is the 110-1 myth? And then what happens when you do go in Arctic waters, you know, with your person?
26:37Right, the 110-1 myth is a survival tactic where you have one minute to control your breathing once you fall into frigid waters, 10 minutes to find something to hold on to, and then one hour to be rescued or you'll die. um and i remember i took a uh knoll's first wilderness first responder course in reykjavik and um was told that if i ever fell into the water without its survival suit on of course um yeah that i should make sure to have facial hair so that i freeze myself to an ice flow or like um you know or end up like uh leonardo dicaprio in a titanic right yep Uh, you know, and since then I've, I've taken more and more classes and I, I, I do know that if you, if you can't control your breathing right away, you do face a quick death.
27:28Um, but your heart rate also drops when you're plunged in the very cold water in order to protect you already. So there's already a mechanism within us that, that, that allows us to survive longer if we're able to recognize it and control it. But the survival suits are great. And I was able to, I've worn one here domestically and I've worn one in the Arctic Ocean. And those things will keep you afloat and keep you alive for quite a while if you suck all the air out and you make sure it's watertight. Which is obviously what they use. Like I think of all the fishing shows on Discovery Channel. I mean, if you have to go overboard, that's what you want to have on.
28:11Yeah. And you better hope the Coast Guard's ready to respond right away. Yeah. So you then talk about the Arctic Circle Assembly. Who's in it and what's its purpose? And does it really matter, I guess, is my question. You know, I wrote that chapter with some trepidation. Okay. Because I have a disdain for all things like corporate and political. Okay. In some ways. And I find that talking to talk and gather to gather is never really productive. Yeah. It's like management meetings for the sake of making management important. Yeah. And I use the example of one of, you know, a lot of the some of the early overseas criticism of the book is to focus on the fact that I didn't spend enough time with indigenous communities.
29:01And my argument is, well, you know, it's a book about defense and the military. And I know that I tried to include everything, but I couldn't. Um, but at the, at the Arctic circle assembly where there were panels about indigenous issues and, and the struggles facing the indigenous of, of the Inuit in Greenland, of the Inupiaq in Alaska, of the Samian, um, Northern Europe of the, uh, of the, um, of the Nenets in Russia, they weren't really well attended, but I'll tell you which ones were really well attended. the ones about how we need to defend off Russia and how we need to defend off China and the Arctic.
29:40So I felt like a lot of lip service was being paid. And maybe it's a little bit of my own discomfort, like being around a group of people who, you know, chalk themselves up to being experts on a subject, but then at the end of the day only serve their own self-interest or self-promotion rather than affecting change in those regions, about being in those regions and having those people speak for themselves. Sure. Well, I mean, just to give you some credit, since obviously you're being criticized for the indigenous piece, I remember you mentioned Inuit peoples being moved out of places, including very historic and known Inuit people from your book.
30:21You also talk about how you kind of criticize, in some respects, Canada, where you say, obviously, they're really more worried about the people that are in southern Canada, because that's where most of their people are relative to these populations. So like I remember that just off the top of my head from your book. So to your point, it's not like you didn't put ideas out there that might not have been the focal part. But in fairness to you, you did mention things that could be problematic maybe. This group, I think you talk about – I remember correctly. You talk about them debating the levels of ice-breaking ships.
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30:53In other words, like there's like kind of like how are we going to regulate the ice-breaking ships? And part of me thought, well, you regulate them by figuring out which one goes through the ice. Is that just crazy? Well, I mean, it's I use that example. They weren't debating that that year or any recent year, this year, last year. OK. You know, these were codes written to determine the ice worthiness of a ship. Right. But I paint a picture, as you note, of like six or seven or eight different codes that determine different levels of ice worthiness and using different metrics to determine that.
31:29And that disassociation or that crossover or that lack of consensus is probably better to say really defined what I felt was happening at the Arctic Circus, at the Arctic Circle Assembly. that, you know, you have all these people who are serious about the region, who really want to help the region, who are focused on ostensibly bettering the region, but then can't come to decide what, what is that? How do you define single year sea ice or first year sea ice or second year sea ice? And you can't decide what ship is rated for that type of ice, but not this type of ice. And then you have transatlantic shipments, and they're all used in different codes.
32:12But we'll focus on, you know, whether or not Russia sending spies into northern Norway instead and ignore the indigenous issues of losing their villages and not paying reparations for colonizing them in the first place. Sure. When I think you mentioned like your point on Arctic circus, which is what you referred to it in that chapter at one point, your picture of the Arctic circus, I think, finished up with the UAE giving like the opening talk, who obviously is nowhere near the Arctic, and whose main product is obviously producing carbon for the world to consume. And it's kind of funny. So in 91, there were quite a few NATO members that get together, including the Soviet Union, that joined in this to deal with search and rescue operations.
33:00What was the idea for something like that then? Was that just to your point? It's just survival. We need to help each other because we're not everywhere. What is that now? Are you talking about the Arctic Circle Assembly or the Arctic Council or? I think you talked about the group coming together to just do search and rescue. Right. So where it's like, you know, they partner together. And I'm trying to remember what part it was right after the Arctic Circle, to your point, or the Arctic Assembly. But like where they were just partnering just to do search and rescue, because obviously, you know, it could be an American team that needs help.
33:30It might not be a Norwegian team. It might be a Danish team. It could be a Russian. And just trying to, to your point, be able to survive the Arctic when things go awry. I think a longstanding truth about the Arctic is that in that region, you rely on your neighbors and your neighbors rely on you. Sure. And what nations saw after the collapse of the Soviet Union was this need for continuing that legacy across the Arctic and to cooperate and not make it a region of militarization and of war. And that really changed with the first Trump administration when Secretary of State Mike Pompeo started to talk about militarization in these forums, in these forums that were reserved for, you know, Coast Guard cooperation or search and rescue cooperation or shared fisheries agreements and introducing that to a place that that wasn't meant to be.
34:31And so I think there's been a slow decline ever since then of that cooperation, but that truth still remains. When I was in Fairbanks, if I pulled over the side of the road to check my text messages, within a minute, someone would come over, pull over and ask me if I needed help, if I was all right, if I needed a spare tire, if I needed a lift somewhere. And that happened all over the Arctic. I mean, I guess that's also, you know, I, I tarry to say that, tell that story because that happens also in small town America too, but in the Arctic, it's a, it's a fact of life and people are just aware that you can certainly die even in a metropolitan area like, um, uh, Anchorage.
35:10Yeah. And to your point, I mean, I'll use Alaska as a picture. I'm from Seattle originally. And I remember one time I was going to see, uh, some investors up there in Alaska and we did the milk run, which we went from, we were going from Anchorage down to Juneau. And so we stopped in Yakutat and Cordova. And the gentleman I ended up sitting next to on the plane is like the director of public supervision in Alaska, which oversees, you know, like the police officers and the state troopers and things like that. And I remember it hitting me at that moment, like, wow, Alaska is just a giant small town.
35:44I mean, that's all the whole state is. And to your point, it is a picture of a really small town, not USA, but small town in the world. Is Russia, you mentioned this, and I thought a lot about this after reading your book, is Russia's real goal in many places, not just the Arctic, but I think the Arctic does a good job of showing this, is their real goal just discombobulation? I think discombobulation and destabilization. I've reported from Moldova and Transynistria, uh, on the border with Ukraine and, um, these other Russian territories up in, up in Svalbard, Spitsbergen, um, um, and Barentsburg.
36:26And it seems to me that if they can, if the way they want to win is by letting us tear each other apart, uh, by turning us against our, our allies and our, our friends. Um, we see that domestically, but rather than getting into domestic politics, we see it now between Denmark and Greenland, right? I mean, longstanding allies, long-standing defense cooperation agreements that are now all of a sudden near the axe um so i think you know in some respects that's the plan um that russia is hoping that will just they'll outlast us as a as a western force and a western collective sure um you say that the u.s has a long way to go for a conflict that began years ago.
37:14How early, I guess, would you say, you talk a lot about the changes that can't happen post-World War II. You also talk about Seward's, what used to be known as Seward's Folly, what we now call Alaska. Maybe tell that story of, you know, how that transaction came about with Russia during Lincoln. And, you know, what were the thoughts at the time versus what we know to be true for Alaska today. Yeah, Secretary of State Seward wanted to buy what many people in the Congress thought was an icebox. It was once Russia, America, this spit of land that we now know as Alaska, and the Russians weren't making money for trading and fishing and operating out there with their trading companies.
38:03They were also facing domestic conflicts that were draining the state coffers and they needed they needed a way out. How how Seward would about convincing Congress to buy Alaska is one story. I think the story today is that Russia really regrets having have sold that to to America. And this was in a time when, you know, colonial powers were raining in their their reigns across the across the globe. the UK was giving up Canada, trying to downsize and consolidate their empires. And the US was thinking, well, if we can avoid conflicts with Russia, with the UK, then maybe we can just buy some of these territories that we want.
38:48And we do see later in 1916, we purchased the Virgin Islands from Denmark and things like this. I think one interesting note that I don't think made it into the book was that so disturbed by the purchase of the sale of Alaska was Russia that even during the Cold War, in order to form a more perfect union between the Soviet Union and the U.S., there were discussions about building a tunnel from Eastern Russia to Alaska, an underwater tunnel, in order to reconnect that land. And God knows where that would leave us today were that to have come to fruition. We hope you're enjoying the podcast. You know, we work hard putting together this show, but we work even harder for our investors at Smead Capital Management.
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40:13Let's see. So then you also talk about, I mean, more than half the people in the Arctic are Russian. the interesting part to that is even russia has trouble keeping people there yeah i mean i was unfortunately unable to get to russia proper um sure for a number of reasons logistical but also personal security wise and um i would have loved to go on and i still extend an offer to um the the russian federation if they'd like to invite me out on an official capacity But there's just simply no work and infrastructure in the Russian Arctic for the layperson to sustain themselves. I mean, there are the Nenet populations that are a roving indigenous population that can exist outside of government frameworks.
41:05But most of the infrastructure in the Russian Arctic is predicated on energy, on the energy sector and the military defense sector. who gets paid are the people who work for the military or for the construction of military bases and liquid natural gas facilities. There's no real opportunities outside that. To say nothing of, just like Greenland with only 100 miles of road, there's just no way to connect it to the rest of the country. And when you try to have a family or have opportunities, the only place to really do that is in the city. So you've seen more and more people leaving the north and this is sort of a trend elsewhere too in Norway as well and in Alaska as well people coming south to find work and then find more more comfort more amenities how do you look at Canada's interest and role in the Arctic in comparison I mean the one thing I take away from your book is if I need to do ice breaking I'm gonna call the Canadians cuz that's what they're really good at I think a lot of countries are really good at it it was Certainly a lot.
42:09Certainly all are better than America. You know, President Trump had a lot to say about wanting to turn Canada into another state, an American state. And that was really unfortunate in part because it negates the reality that they control this large swath of land to our north. And we don't need to make enemies with people who are controlling the defenses of our overall horizon defense apparatus. But what we should be doing is working more closely with them. So the Canadians interest is really the global interest of the Arctic is the best of the homeland, but also working side by side with partners.
42:51Um, they've long tried to establish, um, a program to, to, uh, what is it revamp or, um, to, to, to modernize, remodern, to modernize the equipment that are up, that is up there. That was once the dew line that covered the Northern part of, uh, the North America with, um, an early warning system against intercontinental ballistic missiles. But that project is really slow. And I think going back to my comments about wanting to find a way to work together as perhaps left leaning as that sounds, it's really important because in order to protect our interests, we need to work with the interests of other people who have ours in mind as well.
43:37So how do Greenlanders look at foreign investment versus how do they look at the EU? Because obviously they're kind of Danish, but kind of not too. Yeah, well, as they move towards self-determination and full independence from Denmark, and to give your listeners a little bit of a background, in 2008, there was a Home Rule Act that returned judicial and educational powers to and civil powers to the Greenlanders for them to administer themselves and what remained with Denmark was defense and foreign policy. So it opened the door to allow Greenlanders to make some trade decisions on their own and to open up commerce on their own, whether it be through fisheries or tourism, for instance.
44:22I mean, they sort of give up on mining and critical mineral extraction because it's been such a disaster. The Greenlanders that I spoke to are mostly in consensus. They want to be able to open up their doors to foreign investment. And they're open to Russian investment. They're open to Chinese investment. They're considering returning to the EU market to be able to benefit their people and to become self-sustaining apart from Denmark, which pays them about half a trillion American dollars a year as a block grant to sustain the economy, about$10 ,000 per Greenlander. So they're open to it, but when there has been investment, the Kingdom of Denmark has stepped in in part to prevent what they saw as foreign incursions, whether it be China looking to invest in building out the airport and nuke or other projects in mining, though there is an American mine in Greenland that is active right now.
45:21So they're open to it. They want it. It's not for sale, but they want to engage with the global community and become this place of prosperity for them and for their Inuit culture and heritage. It's partially very difficult right now for them to do so, given that the only direct flights to Greenland are through Copenhagen. Sure. I loved this part of the book that I'll ask a question on here in a second. As a 42-year-old male that's grown up in the United States, Team America, World Police was a very funny movie. And I think there's this personification, especially nowadays, think of Venezuela here recently, is like, we can just kind of do whatever we want, American exceptionalism, back to our prior discussion.
46:08But then you talk about, okay, let's say we're gonna go to the Arctic and have a presence. And so you tell the story of Marines showing up to train. And I think they're being trained by the Swedes, if I remember correctly from your story at the time. Or Norwegian. Swedish, Swedish, Swedish. And it was Special Operations Forces out of Germany. Correct. And so they're trying to teach them how to be ready for this climate, this situation, how they need to move, what they need to wear. Can you kind of teach us a little bit of that story? Because, I mean, there's just real implications for being in that cold of weather.
46:40Yeah. I mean, the story that I'll share is one of extreme arrogance. And I think, you know, wholly American. This was relayed to me secondhand and confirmed through a third party. Okay. was that the americans were training with the swedish armed forces up above the arctic circle in a base outside of karuna and uh we decided to go on a ski patrol one day um and arrogantly thought that well it's cold but we'll be exercising and the sun's out um so we could we'll take off our shirts and we'll go shirtless through the snow uh what harm can that do um so they trek through the i the snow and ice on their skis and come back only to find themselves sunburned you and I wouldn't consider going out without a shirt on in the cold.
47:27But of course, we also wouldn't consider to their to their in their defense, we wouldn't consider getting a sunburn in the cold. But the sun was there and it burned him. I think I think an even more illustrative story. And I harp on the Americans a lot. I mean, I'm an American myself. Yeah. I harp on them a lot, in part because I didn't want to do. I didn't want to show one story and say and have have the peanut gallery say, oh, well, that's an aberration. That's a one off that, you know, I try to show a series of miscalculations on the part of American forces. And the one that I found most interesting was when the Navy SEALs were training out out in Alaska off of the Seward Peninsula, they knew that there was a typhoon coming.
48:11They nevertheless launched helicopters to go airdrop some of the troops on the St. Lawrence Island. the typhoon hit and they were woefully underprepared they had to they set up tents that were ripped away within seconds and had to go shack up with locals which of course special operations forces do all the time but to think that they were going to be able to do it despite the warnings the in the cut to the contrary is really sort of discouraging and I'm hoping that And if people in Washington, if our leaders in Washington read the book, they'll see that there's some real considerations and calculations that aren't being made when operating in the far north.
48:54And that we need to be able to do that without the arrogance of the American exceptionalism, like you noted, no longer exists. Yeah. Yeah, to your point, if you're Pete Hegseth and you're reading this book, you're like, we are prepared in a lot of things and we continue to want to be, but this is a place that we haven't necessarily been prepared or trained or well thought in our processes, if you will, to address this climate. Because to your point, the lower 48 doesn't touch this and neither does Hawaii. So this is a very unique space. Here's an argument that Pete Hegseth might make is that we train in the Arctic all the time.
49:29We have exercises there all the time. That's great. We only have one full-time Army company, the 11th Airborne, out in Alaska full-time. That's it. That's all we've got. And even they have a quick turnover, which I mentioned in the book, as far as staying there and keeping the knowledge that exists from having lived and survived in the Arctic for an extended period of time. But we don't have the force capabilities and the force posturing of having troops dedicated to the cold weather. Of course, the contrary argument would be, well, we have more of a threat in the Pacific and that's where we're focusing our energies now.
50:06Fair enough. But the Pacific also connects to Alaska. Yeah. I want to put up a slide here because after you talked about this in the book, so you talk about the Healy, right? The US Coast Guard ship, which I got here on the screen. What do you think? Does the picture bear out the way I wrote it? By the way, perfectly. You said it's all 90 degree angles. and I looked at this as like, he's right. It's ugly as heck. I mean, just, it's an ugly ship. It carries purpose. And so like, just to explain - It's utilitarian. It's very utilitarian. Yeah, yeah. It would look like my college dorm room in a way.
50:47You don't have a picture of the KV Svalbard to pull up to give other people - I don't, no, but this Svalbard, you talk a lot about those two ships, you know, in a particular chapter. So can you teach our listeners, looking at this boat, what's the purpose of it? What does it do? How long has it been in service? And do we have a lot of these? So the Healy itself has been in service for more than 30 years. We had, up until very recently, three full-time icebreakers that were capable of going into the far north and Antarctica. But one was primarily dedicated to the Arctic, and that was the Healy.
51:25There are two other boats. One was dedicated to Antarctica, and the third was more or less used as a cannibalized for parts for the heli, which often broke down and continues to break down. It was heading out on a mission one or two years ago, and there was an engine fire just as it was leaving your hometown port of Seattle and had to return and cancel the mission. There was another time when it had to cancel a mission and the Norwegians had to come all the way across the Northwest Passage to retrieve scientific buoys in order to save the data that was being collected over two years within those those buoys.
51:58So the ship is primarily a research vessel. That's how it was built. That's what it's for. It doesn't have defensive capabilities per se. It's not a military vessel and it wasn't designed that way, but it is wholly woefully outdated. It is incapable of carrying out missions continuously like many of the other nations icebreakers can. But we did. The Americans did purchase another icebreaker from Finland, I believe, in December of last year and added that to the fleet and are hoping to bolster the fleet with more and more icebreakers and security cutters that are that are ice capable. I used to rate it to some spec or another, depending on which one you're choosing.
52:45But yeah, I mean, the Healy, it's a big ship. And it was the pride and joy. And when I looked at it after spending two weeks aboard the KB Svalbard, I felt a little ashamed to be American. Again, it's a big ship. It's much bigger than a KB Svalbard. But man, was it not taken care of. One last example of how unprepared the crew was as compared to the Svalbard. I mean, when they launched their small boat to come pick up people that were coming off, the seamen that were coming off of the Norwegian vessel, they had a tough time dislodging the hook that was connecting it to the pulley that would lower it into the water.
53:25It had frozen. It was an icebreaker and they were having problems with frozen mechanisms. Did the Svalbard have that problem? No. Because the ship was designed differently and they were also prepared for things that happened in the Arctic and had slurries and other chemicals mixed up in case that were to happen. Sure. So it was just really disheartening. And again, as an American, I don't mean to beat up on American troops or American forces or American posture, but I just thought we could do better. Yeah. I'm trying to remind myself, you know, I think you even mentioned that the interior of the ship on the Svalbard was like so much more enjoyable and livable.
54:04versus obviously the Healy. I wanna jump forward. We don't have to spend a lot of time on this, but you talk about being in Sor Varenger, which is in Norway, Northern Norway. You talk about this friend Zoran. Is everyone suspect in some places like that? Could they all potentially be spies or people that are interloping for counterintelligence reasons? It wasn't a friend, it was a drinking buddy for a moment, you know, sidled up to me while I was at the bar one night. I don't think everyone's suspect in the North, but certainly in the last few years, there have been defectors from Russia who've been coming across the Norwegian border with Russia.
54:47And there's been question about whether or not those were actually, you know, KGB officials who were trying to, excuse me, or FSB officials who were trying to get into the Western states, into Europe. more broadly. Um, I think if you look for a spy, you'll find one. I think oftentimes, whenever I travel around the world to conflict zones, I'm considered a spy and, and by, by good measure. I mean, I, I, I ask people a lot of questions. I try to find out things that are happening. The only difference between me and a spy is I publish all my work and let everyone know about it. Yeah. Um, I, I love this.
55:23So I've been fishing in places like June before in the Northwest. um yeah i mean you talk about like back to the ecological effects um you talk about how russia brought pink salmon uh to places that didn't have pink salmon and i think of in the northwest you you you you uh fish you can fish and you catch things like chum or pink salmon or kings or or silvers as they call them um why are pink salmon so damaging to the ecology of atlantic salmon They can't spawn the way they could in their home waters. And that has been a fight between the pink salmon and the native population of salmon in northern Norway.
56:02I think it was an interesting case study in how the lack of cooperation with Russia meant that the only way that these scientists in this chapter that you're referencing could learn about the impacts of the broader of the broader ecology was to like take these water samples on the border with Russia and try to figure out what was going on upstream rather than being able to communicate the sort of devastating effects that those fish were having on the population there. the scientists that I was traveling with during that reporting trip had noted that there once were commercials on Norwegian television about how clean the Norwegian water was, how drinkable it was.
56:40But now that was just no longer the case. Another example of how the changing north is affecting more than just more than just security. Sure. The other story that caught me was that you talk about the river at Holmfoss. You know, it sits this river sits right between Norway and Russia. and I think it's got, I think you said it's got kind of like channel markers or buoys that delineate which side of the border you're on and these have like their own Instagram accounts. Yeah. Yeah. They have these big border posts that are colored to delineate the international borders between Russia and Norway and Finland has them as well.
57:17And yeah, they became sort of comical after the war. I mean, there used to be a way to transit these countries and commerce could be shared across the border. I mean, Finland, I think, was much more impacted by the closure of their border with Russia than perhaps Norway, given that Finland's is longer. But there is a continual jest that permeates life in the Arctic, right? I mean, sometimes in the darkness, the only way to find light is through joy and jovility and making light of things. When Ukraine was invaded by Russia, how did that affect migrant flow to Norway in the north? I think this goes back to saying that Russia is testing the vulnerabilities of these nation states that border them and also that oppose them.
58:10After Russia launched this invasion of Ukraine, migrants were being sent by Russia to these border crossings with Finland and Norway, primarily in the book I focus on Norway, but sending thousands of these individuals over in the hopes of striking up what I imagine is a conversation over immigration, illegal immigration, and alienating a new population of rivals to the country, thus sparking more internal debate about something that perhaps doesn't need to be discussed while one sovereign nation is invading another sovereign nation a couple of thousand miles away. Sure. What I think the other thing you point out is if someone comes up and talks to you about that, are they saying that because they have free speech or are they saying that just because someone told them to say it?
59:02Or what are you referencing? The fact that - The idea that Russians don't really have free speech. And so if they're telling you something, someone probably told them to say that. Right. Yeah. I mean, I think that goes back to the spy question too, right? Like there's there's this real wartime feeling, at least in the Nordic Arctic states of question everything. Trust no one. You know, believing that, you know, your enemy might not be beneficial in all cases, but it's better to be cautious than wholly welcoming. Hey, I want to give a big shout out to everyone who's been working so hard on this show.
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1:00:08Please refer to the prospectus for important information about the investment company, including objectives, risks, charges, and expenses. Read and consider it carefully before investing. Smead funds distributed by Smead funds distributors, LLC, not affiliated. You mentioned, you know, back to your point about kind of like spy stuff, uh and this is probably not that big of a secret uh but you said there's a secret submarine base in alaska um what are other things like that that you learned in this process or things that you think are lesser known but are not secret i point to the weather balloons that china sent over um back in 2022 or 23 that drifted over alaska i think it was 2022 that drifted over alaska and were shot down by F-16 fighter jets.
1:00:56Still unclear whether or not they were research, whether research balloons or whether they were surveillance balloons. One thing I found interesting and one thing I want readers of the book to appreciate is that according to officials at NORAD, they had known about the launch of the balloon from the get-go. And so that the capabilities that I shied in the book are those that are visible. And it's not always clear what capabilities we do have. And there's a good reason for that. And, and yeah, I mean, you know, what we're capable of might not be exactly what we know we're capable of, as far as, you know, the layperson goes.
1:01:39So you were in a Dodge truck, you're rolling down the Dalton highway, I think you're explaining the gentleman driving is doing 80 miles an hour. And he's got a CB radio, like everyone would have up there to communicate. and you hear something that's hard to figure out over the CB radio, and then you come over a plateau to find a tractor trailer jackknifed in the road. How exhilarating was it to rip past that at 80 miles an hour while missing it? Being a writer and a journalist, I was exhilarated by the fact that that was in the book. I thought it was a great detail. I was like, wow, dude, that should be like a ride at Disneyland.
1:02:19is like, are you ready to rip the Dalton Highway? And then everybody says, yeah, let's go. You know, and I'm a little bit on a bender here about like some of the early criticisms, which I'm happy to address. And I want to address because I think a lot of them are valid. And this scene in particular sticks out to me as like perhaps one of the things that people would call more of a travelogue, right? And certainly it's written in such a way. And I meant to do that in part because I wanted people to, you can't write a book about the Arctic and not put people in the Arctic and have them experience what it's like to live in this place.
1:02:54But also it underscored something perhaps more subtle and perhaps something I could have highlighted more thoroughly is that, you know, assuming you understood what someone said can lead to your death in the Arctic, right? So this miscooperation and this miscommunication is detrimental, both to me and my friend in the truck, but also to the political sphere and the the rule of law that we now find ourselves in jeopardy of losing. Yeah. So I loved this. So you're, I think it was Dutch Harbor late in the book. You're talking about being in Dutch Harbor and you go to a place called rats for drinks.
1:03:32Okay. I just got to know, like, I mean, there's the scene. This is a hole in the wall. It's a bar. And I mean, you know, as I'm listening to this and reading this, it's like, I'm just like small tiny town in Alaska and you're at this hole in the wall bar and it's like, everyone's going to let it hang out. Everything goes, no one cares. Is that a good way of kind of synthesizing what Rats was like? Because when you explain that a guy, you know, pounds his pear beer and then proceeds to vomit back into the pitcher, I thought this place is a total frat house waiting to happen. These were Coast Guard members.
1:04:12Remember, I mean, these weren't just You know, the community members of Dutch Harbor. These were people getting straight off the boat and going to town. And I, you know, and I spent time out with with the Norwegian officials to at similar places in Norway. And I could tell you, I didn't see them act that way. and they both both parties knew i'm a journalist and i'm a writer and i was there to observe so whether or not one was conscious of it and the other wasn't i i can't say but it it it felt to me again like this was indicative of the way america was approaching the arctic with this blase casual you know indifference and you know it's just it's a forgotten place and i can be forgotten here too um and i just don't think that's the case in reality well yeah and i'll I'll just say to our listeners, if you can send me a picture of you at RATS in honor of obviously Ken's book, I will send you tchotchke because I got to see this place from the inside.
1:05:11And so I'd love our listeners to go either there or show us a picture, you know, being there. The last couple of things. Teach us about the Arctic Angels, right? This force that, you know, I think is lesser known. Yeah, I mentioned them earlier. They're the 11th Airborne Division. and they're based out of Fort Wainwright in central Alaska. And they, for years, had operated out of the Middle East striker unit, which is a type of vehicle that is mainly for mainland use and desert warfare and places where there's a lack of snow. But more recently, they were rebranded to be the Arctic Angels or the Arctic wolves as a move toward branding a part of the army as a dedicated force to the Arctic region.
1:06:01They also wanted to do that because a lot of people who were, a lot of the soldiers who were stationed in the high north in Alaska were taking their own lives and committing suicide, whether it be because of the conditions or the NCO's treatment of those enlisted soldiers is up for debate. But they wanted to give this force, this group of soldiers, an identity that meant you belong here. Your role is important. You're the premier Arctic force living and operating in these very difficult, very trying climates, and no one can put a put a, you know, put a light to you. Um, that's only a recent initiative to rebrand them in that way, to reflag them, to use the term of art.
1:06:48Um, and so it's not clear whether or not that's like sunk in to, to teach the soldiers within that, within that unit that they are a part of something bigger that, you know, the Arctic isn't something that people are just thinking is up there and forgettable um but they they they are the ones who would be responding in um in the event of an actual arctic war sure um last thing uh you know just introduce our listeners to the transit atlanta pardon me trans alaska pipeline um when did it come about and then you talk a lot about the last spruce tree uh north uh for the pipeline yeah the um the trains alaska pipeline was built in the 50s along with the Dawn Highway.
1:07:33The Dawn Highway was primarily built to service that pipeline, which runs from Purdue Bay all the way down to Valdez and is slowly rolling back its capacity and its production. But that cuts through a huge swath of Alaskan wilderness, and it's a total blight on the Alaskan wilderness, but of course it's done well for the economy. I think a lot of the jokes when I was living in Juneau were revolving around the fact that we had to pay so much for gas when we were an oil rich state. But the reality is, is that it gets shipped out to Texas, gets refined and then sent back. So it just costs more. Yeah, it doesn't really benefit the people of Alaska as everyone had hoped it would.
1:08:18The last spruce tree, you know, as you get farther up toward the tundra, the tree line disappears because things aren't growing in the permafrost. And there was a placard on the last spruce tree along the Dalton Highway for many years to as a tourist spot, as a picture op place. And some years ago, somebody came down and hacked at it so badly that it ended up dying and falling and no longer was the last spruce tree on the Dalton Highway. And I wanted to use that story to show that we've sort of taken the region for granted and have mistreated it and misused it and taken from it without giving back and sustaining it so that it can sustain us the way it has for the indigenous communities for so long.
1:09:07And there's that story at the end. I'll leave it for your listeners to read about, you know, the Greenlandic folklore about what happens when you when you mistreat the land that you come to rely on. Sure. It's funny you mentioned when you talk about Prudhoe Bay, there's a long old security out there called BP Prudhoe Bay. It's a royalty trust off the oil revenues. And it's funny, it's almost worth nothing because to your point, when prices are high in oil, we push a lot of oil across that pipeline. And when prices are low, it's not a very economic place to get oil. And so to your point, like a lot of these things still follow the curve of prices and what's important.
1:09:44And like the refinery, if you can't refine it there, it means your end product is still going to be really expensive.
1:09:52Ken, where can people follow you going forward? Obviously, you write a lot for publications. Can they find you somewhere regular? Are you pretty active on social media, things of that nature? I do not participate in social media at all. And I'm so much more happier because of it. But listeners can find me at KennethRRosen.com where I post all my recent articles and also have contact information for tips if listeners have ideas for stories or things that I should look into. Have you come up with your next book idea then? Yes. You want to tip your hand? Nope. Okay. I love it. I love it. Well, I just want you to know, like I said earlier, as a kid from Seattle who's been to Alaska and there's just so much about this.
1:10:38To your point, and this is what I think you did right in your book, and I'm just going to throw this out there as – like you mentioned this just a second ago. I literally in my mind, I was like, gosh, I want to go visit some of these places. I do want to go to Dutch Harbor. I want to go have a beer at Rats. Like that just sounds like interesting and fun. Go responsibly. Don't take a big cruise ship. Try to limit your carbon footprint. But yeah, otherwise I say go for it and ride a bicycle or electric scooter around if you can. Okay. If I take my wife, she probably won't go along with that, but my buddies might.
1:11:13Kenneth, your book reminds me that second-level thinking is required. Direct intentions, as we talk about these global powers, are often indirect intentions. It's not really about the Arctic. I think of all the news headlines of the last few weeks, it's like, I think back, like tariffs and Venezuela and many things. They're not really about those things on their face. They might be about other things indirectly. The Arctic is often a recipient of proxy ideas and dreams. Our listeners should go out and buy a copy of Polar War to understand the history of these ideas and how they have been collected over time to get us where they are.
1:11:48If you enjoyed this podcast, go to Apple, Spotify, YouTube, or wherever you listen to a book with legs. Give us a review. Tell others about the books and great authors like Kenneth Rosen that we have the opportunity to understand and study the world with and through. For our tribe, if you have a great book that you'd like to recommend, email podcast at smeedcap.com. That's podcast at smeedcap.com. You can also send your suggestions to us on X. Our handle is at smeedcap. Thank you for joining us for a Book With Legs podcast. We look forward to the next episode. Thank you for listening to A Book With Legs, a podcast brought to you by Smeed Capital Management.
1:12:26The material provided in this podcast is for informational use only and should not be construed as investment advice. You can learn more about Smeet Capital Management and its products at SmeetCap.com or by calling your financial advisor.
From the publisher
In this episode, learn how today’s geopolitics, climate change, and key happenings in the Arctic affect people and countries around the globe. The Arctic plays a complex role on the world stage, impacting everything from Russian national identity to shipping routes and military aspirations. Understanding these themes requires a comprehensive look at Arctic history, its exploration, and why it’s considered an important territory for major world powers.
Smead Capital Management CEO and Portfolio Manager Cole Smead is joined by Kenneth R. Rosen, author of “Polar War: Submarines, Spies, and the Struggle for Power in a Melting Arctic." Rosen is the recipient of the Kurt Schork Award for his reporting from Ukraine, Syria, and Malta, and has been featured in The New Yorker, The New York Times, and The Atlantic, among other publications.




