Třikrát větší ropný šok než v roce 1973, kolaps Hormuzu o 97%, pojistné tankerů vyletělo 60×, strategické rezervy se rozpouštějí nejrychleji v historii. Amerika na krizi paradoxně vydělává, Rusko inkasuje miliardy navíc a Evropa nahradila jednu závislost druhou. Proč je rok 2026 horší než 70. léta — a proč Volckerova pilulka tentokrát neexistuje.

Sedm týdnů operace Epic Fury, zhroucené rozhovory v Islámábádu a zavřený Hormuz. Ropa nad 100 dolarů, Rusko bohatne, Čína se směje a Trump má 37 % podpory. Rekapitulujeme dva nejdivočejší týdny války v Íránu — satiricky, ale s daty.

China produces over one-third of global industrial output. That’s not a trend. That’s a structural fact. Plus China keeps growing—but also keeps hitting constraints: weak consumption, high savings, terrible demographics and pressure to shift its model. So, will it find enough energy to jump over the U.S?

Russia hasn’t collapsed. But that doesn’t mean it works. Inflation, hidden debt and improvisation define the current model. And sanctions do work—just not the way the West expected. Russia has found detours via China, third countries and the global grey zone. The key question is not whether Russia survives, but how long it can finance the war without structural damage.

War is not just geopolitics. It is also a large-scale fiscal experiment. The only real question: who ends up making money? Trump says high oil prices are great for the U.S. The Fed may be less enthusiastic. Inflation, debt and the dollar are back in play—again.

General Yaakov Amidror joined the Israeli military before the Six-Day War in 1967, serving on the front lines in the Sinai. He later fought in the Yom Kippur War in 1973 and spent two decades in the IDF, including senior command positions. He then went into politics, most recently serving as Israel’s National Security Advisor. There are few people better placed to explain what is happening in the Middle East today and Israel’s strategy toward Iran, Hamas and Hezbollah.

Modern wars no longer begin on the ground. They begin in the air—and even earlier in spreadsheets, satellite imagery, and logistics plans. That is why we invited US Air Force General Leonard J. Kosinski to the podcast, who served as Director for Logistics on the Pentagon’s Joint Staff and spent more than three decades planning global operations for the U.S. military.We discuss the war with Iran through the eyes of someone who understands how thousands of targets are planned, how the architecture of an air campaign actually works, and why logistics ultimately decides the outcome—because without it, no modern war would last more than a few days.

Západní lídři jezdí do Pekingu s řečmi o „de-riskingu“. Umělá inteligence, polovodiče, baterie, robotika, elektromobilita, superaplikace i drony – to vše propojené vertikální integrací, agresivní průmyslovou politikou a kapitálem, který se nebojí riskovat.

What happened in the last 48 hours in Iran — and why is this time different? With Dr. Zineb Riboua from Hudson Institute in Washington, we unpack whether this was a decapitation strike, what Trump is aiming for, how China factors into the equation, and what it means for Russia, the Gulf, Israel, and Europe — plus what to watch next.

Jeremy Mark is one of the most respected economic analysts covering the global economy. He spent 17 years at The Wall Street Journal and CNBC, then more than 20 years at the International Monetary Fund, and the past five years at the Atlantic Council. We asked him where the Chinese economy really stands. We debated brutal capitalism and five-year plans, the property collapse, demographics, the financial system, the role of the renminbi, and the risk of conflict with Taiwan. Is China truly growing at 5% — or only statistically? And why might it never overtake the United States?