Episode Three of Shifts Happen focuses on a fast-moving world that seems to get trickier by the day.

The importance of energy self-sufficiency is revealing itself and that is shifting the power from formerly strong hands into the hands of those once considered weaker players.

The war in Ukraine is amplifying the situation in mainstream media headlines but, away from those, there is a balance sheet contest taking place that reveals an entirely different pecking order - one which potentially upends the global power structure.

Western sovereign debt markets are now under immense pressure with liquidity concerns escalating dramatically and currencies starting to move in directions and at speeds that are confounding central banks.

What happens next? Luke has a few ideas and, as always, they are pretty thought-provoking.

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