China is planning a new version of its Made In China 2025 industrial strategy. Just as America is punching holes in its own science funding budget, we'll be reporting from the output gap. 

Meanwhile, the new US ambassador to Ankara has declared that he's against carving up Syria in a modern Sykes-Picot, the treaty that drew up the Middle East modern borders. Is this an important anti-colonial action or just a license for Erdogan to gobble up his own Ottoman empire?

Finally, Harvard continues to come under shelling by the US government. Not content with disbarring international students, Trump said on Monday that he is considering taking $3 billion of previously awarded grant money and giving it to trade schools. Is this a case of frightening them to with an inch of their lives or is Trump genuinely guillotining the credentialed aristocracy that runs the United States? 

To hear the full episode (and the whole back catalogue of our special paywalled premium episodes of Multipolarity) go to Patreon: https://patreon.com/multipolarity

Two audio essays, half a world apart. 

Nixon went to China first. Now, Philip Pilkington is there; to see what fifty years of openness to the West has done for the place. Turns out, quite a bit. He’ll be sharing his impressions: North Korea-style police state, or Singapore-style authoritarian wonderland?  

While Philip is playing tourist, our very own Andrew Collingwood is crossing the Rio Grande and the 49th parallel, taking the temperature on America’s deteriorating relations with both Canada and Mexico. After all, collectively, they have it surrounded. 

You can get special paywalled premium episodes of Multipolarity every month on Patreon: https://patreon.com/multipolarity

More ordnance in the Middle East. Rumours are that Trump is agreeing to a two state solution; Israel is out in the cold; Netanyahu is not having his calls returned, and a trillion dollar deal is incoming with the Saudis. We’ve had shuttle diplomacy… but this is Challenger Space Shuttle diplomacy?

Meanwhile, Pakistan has apparently shot down as many as three Indian Rafale fighter jets in recent clashes over Kashmir. The culprit? A chinese-made BVR system. To some, this unexpected win apparently means that in the future, BVR-equipped jets will shoot each other down from tens or even hundreds of miles away. But past a certain point… why do we even need the jets? 

Finally, the eye-watering hundred percent tariffs on China are about to be peeled back down to a manageable thirty percent. A victory for someone. But in the longer term, isn’t this Liberation Day turning into De-dollarisation Year?

You can get special paywalled premium episodes of Multipolarity every month on Patreon: https://patreon.com/multipolarity

No one imagined that Romanian elections would become a big spectator sport, but they’ve really proved us wrong. Remember the TikTok Secret Police Election? Well now Romania is back with a sequel: Ethno-Nationalist Hooligan for President.

The question smart observers are asking is: why can the powers that be live with one, not the other? The smartest are keeping the answer to themselves.

Meanwhile, if you’re passing through Ben Gurion International Airport, hang onto your drink. You wouldn’t want a slice of Houthi rocket in your arak.

But bad news for the duty free counter is even worse news for the next twenty years in the global air defence industry.

Finally, the AfD has been officially designated as 'right-wing extremist' by Germany’s spy agency. It’s eyes down for a full ban. Who knows, one day, Germany could even aspire to the democratic standards of Romania?

You can get special paywalled premium episodes of Multipolarity every month on Patreon:

https://patreon.com/multipolarity

Three months ago, Pierre Poilievre was going to take 50 per cent of the total vote, a historic generational landslide. Now, he’s a pub trivia question. 

What happened in Canada? 

Did it warp beneath the enormous trade gravity of the Trump Presidency? 

And why did Canadians think that turning to a milquetoast former central banker would turn off the US electromagnet dismantling their country one bolt at a time? 

India and Pakistan are at it again. 

Early in the week, reports were of World War 3. Vishnu and Allah duking it out with nukes at the gates of hell. 

So far, it’s all sparks and no light, but this week’s rift shows how the region is both increasingly important and ever more a pawn of bigger powers. 

Finally, on Saturday Foreign Ministers from five central Asian countries met with China’s Wang Yi to talk over deepening trade ties.

It may seem like just a bunch of bros jawing over the agree-to-agree communiquê, but this is the dawning of the Middle Corridor. 

You can get special paywalled premium episodes of Multipolarity every month on Patreon: https://patreon.com/multipolarity

Gold is going to the moooooooon. Fantastic news for gold bugs. Until someone works out that this is a short against America, and the Wall Street types celebrating are effectively blowing the kazoo for the end of their own industry. 

After all, if gold remains on the moon, they’ll have to figure out whether they still need financial services consultants in space. 

Meanwhile - it’s a day ending in Y so someone in the Pentagon must be plotting an attack on Iran. 

It seems incredibly illogical and stupid. Which makes it all the more probable, by Pentagon standards. 

Finally, China has raised tariffs on American goods to 125 %, restricted the supply of rare earth metals, stopped investment in US private equity, and cut off its natural gas terminals. 

Tit has given way to tat - we’ll be weighing up who has cut off more of their nose to spite their face.

You can get paywalled episodes of Multipolarity on https://www.patreon.com/multipolarity

This week, in a special experiment, we've gone live on Twitter Spaces.

As Trump's tariffs bite, and the current account deficit zooms to the front of modern political economy, we're revisiting the idea of a new Bancor, a complete resetting of the global monetary system.

This week we scrubbed the decks and sounded the five bell alarm.

Donald Trump had only gone and done it. Tariffs. Thousands of them.

What could the greatest regression from the norms of globalisation since 1945 mean for a show called Multipolarity?

Even better: what would it mean for the world?

With the MAGA base both boisterous and uneasy in the face of this dawning reality, we wargamed out the answers.

Until, at 20:10 local time, news came of a stunning reversal...

Coming up this week: an audio essays special edition. 

Philip and Andrew, going head to head, a half hour each, on two big stories that have a more medium-term feel than the usual weekly news pegs. 

In the red corner, Mr Pilkington takes on the bear market. Is an icy wind coming for global stocks? How it could play out? From the bottoming out of NVIDA to the coming age of tariffs, what are the key triggers? 

Then, Andrew Collingwood will be taking on medium-term Europe. As the US shrinks from its hegemonic duties, will the EU seize the moment, to attempt to federalise through the stalking horse of re-armament? And given recent trends, could this laager mentality also come with a doubling-down on its own unique brand of autocracy?

Was the editor of the Atlantic actually accidentally included in some rangy groupchat among bros that included a denunciation of European defence policy? 

Are you stupid? Have you recently had an aneurysm?

Leaving aside this obvious straw dog, what is Washington actually signalling here? 

Meanwhile, the Chinese, Japanese and South Koreans are getting together to sign declarations of mutual support: pledging increased economic co-operation – and gently letting the whole Taiwan thing slide. 

When nations with rape slaves level of historical beef are making nice, you know something is shifting.

Finally, is Martin Bormann alive and well and living in Argentina? No. But as Milei’s government releases the papers on the Third Reich, the historical mythology of World War 2 is under attack as never before. 

What happens when the post-1945 world order has to deal with the messy reality of the pre-1945 world?   

All coming up this week, only for the people who pay. 

You don’t pay, you don’t get. That’s the brutal economic logic behind 1 in 4 episodes of Multipolarity. Spend five Euros, Pounds or Dollars, and join the beautiful people. Just go to Patreon.com and put in your details. You can cancel any time.

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