Multipolarity

Reza Pahlavi is packing his toothbrush again. As protests grow in Iran, the exiled Crown Prince has been popping up for media appearances, from his home in the Maryland suburbs near DC.
As we enter yet another cycle of Persian proto-revolution, we’re saying he shouldn’t count those air miles just yet.
Meanwhile, Donald Trump says that Greenland’s defences are two dogs and a sled. Handy, because America has three dogs and two sleds.
The Danes have been humiliated already – but can anything useful still come from the biggest gorilla in the room turning on his kin? We'll be watching, as Nato slides into the mid-Atlantic.
Finally, when Jerome Powell is putting out hostage-style video statements, you may have squeezed the Fed too hard. Or have you? Whatever the details of the present spat, is there still a place for independent central banking in the Western model?
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They got the Ace of Spades.
The annual dictator kidnapping season got underway in fine style this week as the US bagged a big one, 1.9 meter Nicolás Maduro.
But while the President and his exposer were taking a tour of the Gulf of America by Black Hawk, back on Planet Earth the geopolitical plates were shifting as never before.
In 2026, it looks like we're about to answer the greatest question of them all.
Can you just do things?
We might not like the answer.
Expanding on that thought, do you know the old joke about the economist, how he refused to pick up the $20 bill lying on the ground?
He assumed it was an illusion because if it had been real, in an efficient market, somebody would've already picked it up.
The young bucks at the State Department think they've found a way to hot wire the great game.
We're asking whether there is such a thing as an efficient market in geopolitics?
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And to all a good night.
Need a last minute gift? Or want to treat yourself to something you actually want?
You can get special paywalled premium episodes of Multipolarity every month on Patreon: https://patreon.com/multipolarity or by becoming a member on our YouTube Channel (just click Join).

Every day until Christmas, Philip and Andrew open a window, revealing an object that speaks to the geopolitical year that was.

Every day until Christmas, Philip and Andrew open a window, revealing an object that speaks to the geopolitical year that was.