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If you feel like the world order is being rearranged, you’re right. It is, and quickly. Settlement discussions about Ukraine began this week in Saudi Arabia—without Ukraine.
Renowned forecaster George Friedman, founder of Geopolitical Futures, helps us break down these important signals.
The US no longer has an interest in prolonging or funding this war. We are seeking to force a settlement. This has put in motion what looks like a game of 3D chess.
For starters, the US is seeking guaranteed access to rare earth minerals from Ukraine, reducing dependence on China. Will the US ease pressure on Russia in exchange for this access? It looks that way.
As George says in our interview, “The neutrality of
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Canada-US Relations Fracture: Military Crisis in the North | Jonathan Roth
2024-12-24
US-Canada relations are strained. Many in the US believe Canada isn’t doing enough to choke off illegal immigration or to protect our shared security interests in the Arctic.
As Pippa Malmgren once said here on Global Macro Update, we are in a “hot war in cold places.” One of those places is the Arctic, which is rich in oil and mineral resources, including rare earths. It also offers critical alternative shipping routes, which China would like to dominate.
Canada lacks the military capacity to protect all this from Russian and Chinese interests.
Internally, Canada’s government is under pressure. Members of Prime Minister Trudeau’s own party are telling him to step down. Canada’s national debt has roughly doubled since he became PM in 2015. And the nation is suffering from many of
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