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Jacob Shapiro: "Sell America" Is Real—Canada Breaks Away, NATO at Risk & the Shift to Multipolarity

Jan 21, 2026
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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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.
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.
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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