When risks collide

The world's shocks are arriving together. Its institutions are not built for that.

May 1 • SecDev

8

3

April 2026

Iran's Crypto Off-Ramp Is Beijing

How the weaponisation of Western finance is building the alternative financial system that will outlast it

Apr 16 • SecDev

5

1

Alberta's separatist surge is a test of Canadian survival

A separatist petition in Alberta has become a test of American intentions, Canadian cohesion, and the unfinished business of Indigenous treaties

Apr 9 • SecDev

6

1

The Cryptocurrency Economy Has a Quantum Problem

Digital currencies have become the de facto banking system for the unbanked, the sanctioned, and the stateless; Google's research published today…

Apr 2 • SecDev

7

2

The chokepoint economy

The world's chokepoints were always fragile. It took a war in Iran to remind everyone.

Apr 1 • SecDev

8

2

March 2026

Escalation risks in the U.S.-Israel-Iran war

A game-theoretic assessment suggests the likeliest outcome is a war that gets worse without anyone quite deciding to make it so

Mar 23 • SecDev

17

7

February 2026

When AI becomes the weapon

AI-powered cyberattacks have moved from science fiction to strategic reality. The defences have not.

Feb 17 • SecDev

1

1

The Ballot and the Algorithm: Extremism, Elections, and Bangladesh's Democratic Reset

Bangladesh votes for the first time in a generation. The extremists are playing a longer game.

Feb 9 • SecDev and Kiron reports

1

1

January 2026

Davos and the new disorder

Globalisation's last believers meet in Davos.They found the faith harder to keep

Jan 26 • SecDev

5

1

Disorder, Inc.

The rules-based order is fraying. What comes next is up for grabs

Jan 15 • SecDev

7

3

Maduro, Interrupted

Washington's predawn raid removed a president but not a regime. Five scenarios for what follows.

Jan 6 • SecDev

2

1

December 2025

Seasons Greetings from SecDev!

The more things change, the more they stay the same...

Dec 23, 2025 • SecDev

2

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