Multipolarity Multipolarity

As Vladimir Putin meets Kim Jong Un, big trade plans are afoot. Much to the chagrin of Western leaders. 
Seems like we’re about to answer an important question: what happens when the collective set of people you’ve sanctioned gets so large that they can all successfully trade with each other? Which invites yet another question - did no one think of this? 

Javier Milei decided he would rip the band aid off Argentine inflation. 

Now, finally, beneath that band aid, we can see… a gaping wound. 

Inflation is coming down - but in this case, what comes down must go up. 

We’ll be explaining why The Crazy One’s apparent success in containing the money supply is about to lead to another run on the peso.

Finally, last week, the EU was assailed by a wave of populists. It all felt suitably dramatic. A blow against the blob. 

But have you ever punched a blob before? 

As the permanent Brussels mandarin class regroups, it's time for the Empire Strikes Back. 

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Military-industrial blogger Malcom Kyeyune spends his life talking and thinking about US war preparations.
So what was it like when he finally left his Swedish fortress and visited the capital of the Global American Empire, Washington DC?
Malcom is just back from his first international conference. The Lads pick up on his time talking to the generals and the bureaucrats, and wonder whether the numbers match the vibes.
Kyeyune is famously pessimistic. What did the DC Blob make of this Jonah commanding them to repent?
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Mexico has a new President. 
She’s the first woman President.

She’s the first Jewish president. 

But most importantly, she’s the second Andrés Manuel López Obrador President. 

As the outgoing leader’s hand picked successor takes over, what does the continuity version of his wiley non-orthodox socialism look like when it comes to Mexico’s global standing? 

Meanwhile, for once America’s not going for a Mexican. It’s going for a British. The world’s least fashionable takeaway destination is also presently the world’s most underpriced stock market. As American money swoops in, it’s not clear whether they’ll leave the bones. 

Finally, news is that Turkey is drifting closer to BRICS membership. 

Nato’s most fragile member seems to be ever-further out of alignment with the West. It’s certainly the dawning of a golden age of Multipolarity. 

But will it improve on the acronym? 

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This week: in light of the upcoming UK General Election, we're digging into what Britain will look like in five years time.
Caught in a low growth high-debt trap, with currency and trade issues cutting off any room to manoeuvre, what's the softest landing for the G7's most vulnerable economy? 
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The assassination attempt on Robert Fico has left Europe bemused. 
 
Shouldn’t it have left Europe stunned?    
 
In an age where condemnation of violent rhetoric has never been fiercer, it seems condemnation of actual violence has seldom been milder.  
 
As we move into a more fractious and populist age, what are the implications of the media’s seemingly divergent views on who it is and is not acceptable to assassinate?          

The G7 are meeting in Italy - just after Joe Biden dropped his massive package of trade tariffs onto China. 

So in the spirit of “never interrupt your enemy when he’s making a mistake”, are the Europeans going to clap as he blows America’s head off?  

Nope — turns out they’re going to join him. We’ll be reporting from the G7 suicide pact. 

New figures say that China has dialled down its US government bond holdings by $53 billion in the first quarter of this year. Last week, we gave you the full doomsday 2025 scenario for when the Yuan stops backstopping America. Today we’re giving you the real world here and now version. The long slow slide goes on.

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This week, a special edition.
Two relatively short term scenarios, with very long term implications. Presented in audio essay form, by our two hosts.

In Part One, Philip Pilkington outlines his take on what could happen after the US election. An extended sketch on the possibilty of violent Trussification. He thinks that bond market bullying of the incoming Trump administration could in turn set off a chain of events, that demand a new wave of de-dollarisation.

In Part Two, Andrew Collingwood flips the perspective from West to East, and from currency wars, to trade wars.
He’ll be looking at the world from China’s point of view, in the light of this week’s US trade tariffs on Chinese goods - including a one hundred percent tariff on Chinese electric vehicles.
The Chinese have studied how nations rise, and they’ve come up with a plan to leapfrog US in the technological pecking order. As the low tariff liberal Washington order slips away, what becomes of a world where China is no longer content with low and medium-value manufacturing, but is instead actively targetting the crowning heights that America has long claimed as its unique domain?
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For more on the Chinese plan, be sure to subscribe to Multipolarity’s new Substack, where Andrew will be putting down some extended thoughts.

This week, we also have an introductory essay - called What Is Multipolarity?

And from next week, every Thursday we’ll have the Multipolarity Briefing - a series of links and brief thoughts to keep you up to date on the latest multipolar developments.

Simply search for Multipolarity on Substack.com

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Be excellent to each other, and -
Get us on Twitter: https://www.twitter.com/multipolarpod
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Or on our Substack: https://substack.com/@multipolaritypod