Two weeks have passed since Frank last spoke to listeners. Since then, it has been chaos in global geopolitical circles, with Frank wondering whether some of this noise is meant to distract from issues the US Administration would prefer to take a back seat in the current news cycle. Trump's consistent musings about owning Greenland have become a major escalation of geopolitical risk, and Frank worries that it is at this juncture in cross-border disputes when mistakes happen, someone says or does the wrong thing, and a situation destabilizes. He is hopeful that cooler heads prevail, and an off ramp can be found in Davos. Frank still wonders why the US Administration claims it needs Greenland, asking "why buy the cow when you already get the milk for free?" This month's podcast also covers tariffs, Iran, Minnesota, Venezuela, the Board of Peace, the Munroe Doctrine, Canada's China pivot, Legault's resignation in Quebec, Powell's Fed Indictment, populist market interventions by Trump and Prime Minister Carney's "sobering" speech to the World Economic Forum.
This podcast was recorded on January 20, 2026
Chapter Headings:
01:10 US vs NATO on Greenland
06:04 Study Confirms Cost of Tariffs Borne by US Consumer
10:37 Jawboning The Supreme Court Over Tariffs
13:30 Carney's Sobering Speech in Davos
15:19 Trump Rhetoric over Greenland Eerily Similar to Putin and Ukraine
18:17 Iranian Military Quells Uprising
20:20 Two Weeks Later – What Lies Ahead for Venezuela
23:48 Trump's Alternative to the UN – A So-Called "Board of Peace"
27:14 Listener Mailbag – MAGA Supporter Asks Frank about Munroe Doctrine
35:38 Trump's Populist Marketplace Interventions
37:54 ICE and Minnesota
40:10 Powell and Fed Independence
41:40 Legault Resignation Throws Open Quebec's Leadership Race
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