In this discussion, Jacob Shapiro, a geopolitical strategist and director of research at the Bespoke Group, explores the emerging 'sell America' trend as investors diversify away from U.S. assets. He reveals how Canada’s reliance on the U.S. is waning under Mark Carney’s leadership. Shapiro highlights warning signs in Trump’s economic approval ahead of the midterms and discusses the geopolitical stakes surrounding Greenland's acquisition, which could jeopardize NATO. Amid risks, he sees opportunities in Europe’s energy and tech sectors.
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insights INSIGHT
Reality-TV Presidency Distorts Priorities
Jacob Shapiro argues the Trump presidency functions like a reality-TV show that dominates news cycles and creates constant political drama.
He warns this media-driven style distracts from enduring geopolitical shifts that matter for investors.
insights INSIGHT
Canada Repositions Away From U.S.
Canada under Mark Carney is diversifying away from the U.S. and building strategic ties with China and the Gulf.
Shapiro says this signals a rupture in the liberal international order and a move toward multipolarity.
insights INSIGHT
Economic Approval Is The Midterm Lever
Trump's approval on managing the economy is at dangerous lows similar to Biden's when he left office.
Shapiro argues that poor economic approval ratings are the most critical midterm risk for Republicans.
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The global order is shifting... and investors are starting to feel it.
In this conversation with Maggie Lake, geopolitical strategist Jacob Shapiro, director of research at the Bespoke Group, breaks down why the “sell America” trade is real, why Canada now sees the U.S. as an unreliable partner, and how markets are beginning to reprice political and economic risk in real time.
He digs into the whys behind President Trump’s approval ratings on the economy are flashing warning signs ahead of the midterm elections, Canada’s repositioning under Mark Carney reflects a deeper rupture in the global order, and how efforts by middle powers to preserve stability are accelerating the move toward a multipolar world. Even as the geopolitical risks are heightening such as increasing pressure from the U.S. to acquire Greenland, a move that would effectively end NATO, Shapiro argues that opportunity still exists, particularly in Europe, if it can successfully navigate this new geopolitical reality.
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Chapters:
1:16 – What Are the Geopolitical Issues Jacob Is Focusing on the Most?
3:45 - Canada Now Sees the U.S. as Unreliable
7:06 – Approval for Trump’s Economy Is Tanking: A Midterm Election Warning Sign
10:05 – Markets Can’t Handle Uncertainty
13:15 – ⭐ Wealthion Golden Nugget: The ‘Sell America’ Trade Explained
17:18 - What’s Happening in Syria, and Why Should We Pay Attention?
19:42 - Is Japan in Trouble?
21:24 – Middle Powers & the Move Toward a Multipolar World
25:16 – The Greenland Risk: A Red Line for NATO
27:12 – Why Europe Is an Underrated Opportunity
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