Today's episode examines the structural transition from frictionless globalism to a regime defined by physical bottlenecks in energy, computing capacity, and maritime logistics. We analyze the institutional fracture of the Federal Reserve, the move toward 'compartmentalized trade' in the US-China tech war, and the growing divergence between massive AI capital expenditures and the lagging reality of global power grids.

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0:00 - Introduction
0:33 - The Great Fed Transition: Powell's Last Stand
7:51 - Silicon Diplomacy: The US-China Tech Cold War
13:51 - The AI Infrastructure Boom and Energy Crunch
20:25 - Geopolitical Chokepoints and the Energy Crisis
22:26 - The New Frontier: Tokenization and DeFi Risks
24:37 - Conclusion

Referenced sources:
In Focus Frontier AI (At Any Rate)
AI Momentum Drives Stocks, US Trade Representative Jamieson Greer (Bloomberg Daybreak: Asia Edition)
Xi Warns Trump Of 'Clashes', Rayner Cleared of Wrongdoing , £1.3 Trillion City Fight (Bloomberg Daybreak: Europe Edition)
Cisco Jumps Most Since 2011 on Sales Outlook (Bloomberg Intelligence)
Bloomberg Surveillance TV May 14th, 2026 (Bloomberg Surveillance)
Inflation and Geopolitics Impact Markets (Bloomberg Surveillance)
Macro Matters NISA Investments' Douglass on Fed, Fiscal Outlook (FICC Focus)
What Big Tech wants out of Trump's China visit (FT News Briefing)
Global Data Pod Weekender Le coût de la vie (Global Data Pod)
Taking stock of today's markets (Insights Now)
MacroVoices #532 Mike Green Record Mechanical Flows (Macro Voices)
Markets Happy Hour Podcast May 14, 2026 - Live from New York (Markets Happy Hour Podcast with Aoifinn Devitt)
200 Is the 6040 Portfolio Still Fit for Purpose State Street Investment Management's CEO, Yie Hsin Hung, Discusses Flows, Valuations, EM, Private Equity Returns and Tokenisation, the Next Investment Frontier (Money Maze Podcast)
Who should be the next Prime Minister (Political Currency)
AI Skeptic This Business Makes No Sense (Prof G Markets)
What big oil is hiding from you with Cindy Taff and Stephanie Honchell Smith (TED Tech)
RIP Golden Age of Agent Experimentation 2026-2026 (The AI Daily Brief: Artificial Intelligence News and Analysis)
JPMorgan Is Wary of Another Big Leap in AI-Related Spending (The Credit Edge by Bloomberg Intelligence)
Jerome Powell's Last Stand at the Fed (The Journal.)
Rational Security The Middle-Aged Dads Edition (The Lawfare Podcast)
A Tale of Two Markets (The Markets)
Ben Horowitz - Your ONLY job is Right Product, Right Time (The a16z Show)
Global Growth Faces an Energy Test (Thoughts on the Market)
UBS On-Air Paul Donovan Daily Audio 'Resilience-economics 1, politics 0' (UBS On-Air: Market Moves)
Australia's Budget Crisis What It Means for Crypto, Startups & a 50% Tax Reality (Unblocking The Chain)
Uneasy Money Why the Broken Pre-IPO Secondary Markets Won't Be Fixed Anytime Soon (Unchained)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.