Breaking Points with Krystal and Saagar
1/21/26: Trump Demands Greenland At Davos, Canada Breaks With US, Market Tank, MN Cops Vs ICE
21 Jan 2026
Chapter 1: What is the main topic discussed in this episode?
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Hey guys, Sagar and Crystal here.
Independent media just played a truly massive role in this election, and we are so excited about what that means for the future of this show.
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Chapter 2: What did Trump demand at Davos regarding Greenland?
So let's go ahead and roll Canada.
for national and international security and to keep our very energetic and dangerous potential enemies at bay is this land on which we're going to build the greatest Golden Dome ever built. We're building a Golden Dome that's going to, just by its very nature, going to be defending Canada. Canada gets a lot of freebies from us, by the way. They should be grateful also, but they're not.
I watch your... Prime Minister yesterday, he wasn't so grateful.
Chapter 3: How did Canada's Prime Minister respond to Trump's Greenland remarks?
They should be grateful to us. Canada, Canada lives because of the United States. Remember that, Mark, the next time you make your statements?
Yeah. Ryan, it's always fun to watch Trump clips with Ryan, like longer ones, because he just cracks up in the background.
This one is like, it's a typical classic, like Trump, but there's an extra layer of Fury that it brings about because of what it's doing to regular people in the country as a result of this and around the world, which I want to get to pretty quickly. You know, the show's running late because we wanted to wait for Trump's, why we waited for that. Like, we knew exactly... Kind of.
Because I don't think we knew exactly.
You know, the thrust of it. He didn't even know exactly what he was going to say. Right. The thrust of it. So he talked about Mark Carney.
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Chapter 4: What was the market reaction to Trump's speech at Davos?
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And I think that's a good place to pivot to. Yeah, let's do it. Some of the reaction, and then we can go back to some of this other stuff. So, Carney, this is going to be... A longer clip, but I think it's I think it's worth playing the entire thing because this is a seismic speech. This is the one where Trump is saying he wasn't that grateful.
But this is a man that could not more fully embody globalization. Yes. He was a central banker in the UK and then also over in Canada. Now he's the prime minister of Canada, yet he's giving one of the most kind of clear-eyed analyses of what the international order actually is and is becoming. So let's roll. Carney, I think this is worth listening to the entire thing.
It seems that every day,
we're reminded that we live in an era of great power rivalry, that the rules-based order is fading, that the strong can do what they can and the weak must suffer what they must. And this aphorism of Thucydides is presented as inevitable, as the natural logic of international relations reasserting itself. And faced with this logic, there is a strong tendency
For countries to go along to get along. To accommodate. To avoid trouble. To hope that compliance will buy safety. Well, it won't.
So what are our options? For decades, countries like Canada prospered under what we called the rules-based international order.
We joined its institutions. We praised its principles. We benefited from its predictability. And because of that, we could pursue values-based foreign policies under its protection. We knew the story of the international rules-based order was partially false. That the strongest would exempt themselves when convenient. That trade rules were enforced asymmetrically.
And we knew that international law applied with varying rigor depending on the identity of the accused or the victim.
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Chapter 5: What were the key points from Trump's lengthy press briefing?
We participated in the rituals, and we largely avoided calling out the gaps between rhetoric and reality. This bargain no longer works. Let me be direct. We are in the midst of a rupture, not a transition. Over the past two decades, a series of crises in finance, health, energy and geopolitics have laid bare the risks of extreme global integration.
But more recently, great powers have begun using economic integration as weapons.
Tariffs as leverage, financial infrastructure as coercion, supply chains as vulnerabilities to be exploited.
You cannot live within the lie of mutual benefit through integration when integration becomes the source of your subordination.
All right, so one of the reactions has been, well, that's pretty interesting that you were willing to say that the international order was kind of a partial lie, but you were on the receiving end of some of the goodies, so you were okay with all of this injustice. Setting that all aside, from there, he goes on to say, okay, what do we do from here?
And what he says is, we're going to have to hedge our risk, and the risk is the United States, basically. We can hedge it alone and all be self-sufficient kind of castles, but that's going to make us poorer and make a less stable world. He's like, let's all get together, those of us who want to team up and hedge our risks together.
Whether that's, and he talks about doing business with China, and they just let in, what, 60,000 of their cars? Or doing business with Europe, or anybody else who's interested in free trade over tariffs and not using kind of the international order as a weapon against China. each other Team up against basically the United States. So he's like he's arguing.
Let's not do just our own individual castles.
Let's do a network of castles against this like completely unpredictable behemoth beneath us sort of Arguing that well, I mean he this is a like Ryan was saying it was like a Bilderberg guy UN climate envoy guy and I think actually Trump and Mark Carney don't disagree on something fundamental, which is that this is a rupture of the international rules-based order. Trump is bragging about that.
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