↓Skip to main content
Zeitgeist — a spike by Chris Gathercole
  1. Creators/
  2. House of El — AI Bubble & European Decoupling/

Sweden DUMPS America’s Payments - Germany and Canada Refuse to Follow Trump

YouTube · Watch/Read · (gathered 2026-10-18)

  • El argues that America is becoming a less reliable strategic partner while paradoxically remaining the world’s financial safe haven, a contradiction highlighted by its allies’ actions.
  • European nations tightened Russia sanctions despite US shifts, and Canada moved closer to Europe (e.g., GlobalEye capability, SAFE agreement), demonstrating a pushback against US policy.
  • The Nordics, particularly Sweden, are actively building resilience through contingency planning, such as mandating offline card payments by July 2026, showcasing a focus on self-sufficiency.
  • Despite these geopolitical realignments and allies prioritizing resilience, global investors continue to pour money into US government debt, underscoring the enduring, yet paradoxical, role of the US as a financial safe haven.