We start today's double podcast discussing the recent SCO summit and why whilst BRICS grabs all the headlines the SCO could well be a more significant alliance going forward. We briefly discuss the recent NAM meeting in Baku and why we feel this is still very much a work in progress. We then move onto discussing Bank of America and why it is indicative of what might be another Achilles heel for the TBTFs in the future. We conclude by discussing the relative demise of the EU compared to the US and why this was set in motion 14 years ago and not since the start of the Ukraine war.