In this episode, Jesse Hirsh and Allan Gregg unpack the unraveling of Trump’s so-called Liberation Day — a theatrical declaration of economic independence that has instead delivered confusion, chaos, and consequences. Tariffs, touted as a tool of strength, have mutated into instruments of disruption. We explore how incompetence, ignorance, and arrogance are combining to create a model of governance that can't comprehend the interdependence of global trade. The result? Not just price hikes — but empty shelves. And when the spin wears off, it’s the material absence that people remember.

Turning north, we analyze the dynamics of the Canadian federal election. On one side, Carney courts credibility through the legacy media. On the other, Poilievre builds a parallel trust network, going straight to the people, bypassing traditional channels. But what happens when a leader loses, yet still commands belief? We consider a looming crisis of legitimacy, where the post-election debate may not be about competency vs. character — but competency vs. conspiracy.

We close with a look at what a Carney-led Canada might do in response to ongoing U.S. economic instability. Expect strategic decoupling and new global partnerships — especially if the volatility south of the border continues.