Episode Summary:

As 2025 draws to a close, Nick reflects on a pivotal year in global history. From the economic shockwaves of the Trump tariffs to the accelerating shift of power back to Asia, this episode argues that we are witnessing the terminal decline of the Anglo-American world order.

We explore the existential threat of "de-dollarization"—a process accelerated not just by Trump, but by the weaponization of the financial system under Biden. Nick also examines the hollowing out of the British state, now a vassal to American private equity, and the dangerous geopolitical flashpoints emerging in Venezuela. Is the AI bubble about to burst? Will the 2026 midterms offer a reprieve for democracy, or are we locked into a cycle of crisis?

Key Topics:

• The Trump Tariffs: How protectionism is biting the American consumer.
• De-Dollarization: Why the end of the dollar as the reserve currency is an existential threat to US power.
• The AI Bubble: Will artificial intelligence save the economy or concentrate wealth even further?
• Britain as Vassal State: The colonization of the UK economy by American private equity.

Explaining History helps you understand the 20th Century through critical conversations and expert interviews. We connect the past to the present. If you enjoy the show, please subscribe and share.

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