NPCM Quarterly · National Power & Constraint Model

Power &
Constraint

A five-pillar macroeconomic framework allocating capital toward the infrastructure of American power. Built on conviction, not consensus.

Free. Published quarterly. No ads.

The Five Pillars
PILLAR 01
Resource & Energy Constraint
LIVE
PILLAR 02
Industrial Mobilization
Q2
PILLAR 03
Fiscal, Debt, & Capital
Q2
PILLAR 04
Geopolitics
Q2
PILLAR 05
Technology Offset
Q2
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STRUCTURAL STRENGTH: Weak / 2
TREND: Deteriorating ↓
RISK: High
The Framework
Five Pillars of American Power
01
Resource & Energy Constraint

Copper, LNG, uranium, and grid infrastructure. The physical ceiling on American buildout.

● Live — Q1 2026
02
Industrial Mobilization

Defense industrial base, munitions supply chains, and the economics of American manufacturing capacity.

○ Coming Q2 2026
03
Fiscal, Debt, & Capital

Sovereign debt dynamics, deficit trajectory, and the fiscal constraints on American power projection.

○ Coming Q2 2026
04
Geopolitics

Alliance structures, adversary positioning, and the geopolitical environment shaping capital flows.

○ Coming Q2 2026
05
Technology Offset

Semiconductor sovereignty, AI infrastructure, and the next layer of American strategic advantage.

○ Coming Q2 2026
About
Justin Cleveland, MD
Physician · Former U.S. Army Intelligence Analyst

NPCM is a personal investment framework built on a philosophy I call financial patriotism — allocating capital toward the infrastructure of American power based on genuine conviction in its trajectory.

This is not a trading newsletter. It is a quarterly journal of structured analysis across five macroeconomic pillars, each covering a different dimension of American strategic and economic power.

"I invest where American power is structurally irreplaceable. The framework exists to make that conviction rigorous."

What You Get
01
Quarterly Journals
Each pillar covered in depth quarterly, updated when macro conditions shift.
02
Full Textbook Entries
Deep-reference documents for each pillar — the research behind the thesis.
03
Watchlist & Entry Signals
Specific names across all five pillars, with entry conditions and macro triggers.
04
No Ads. No Sponsors.
Independent analysis. Published because the framework deserves to be shared.
NPCM Quarterly

Capital Toward the Infrastructure of American Power

Free. Quarterly. Built on conviction in America's structural trajectory.

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