With the UK Eurovision entry “What-the-Hell-Just Happpppppened??” fitting Australia’s reaction to the Trump AUKUS review, Marcus and Michael discuss the two Oz views: “PANIC it’s over!!!!” & ‘There’s nothing to see, IT’S ALL PERFECTLY NATURAL” bunch – and set out why both are wrong. Politics, security, industrial capacity & cash are all at work here. This review won’t be the last, particularly with 1. Anthony Albanese asserting his sovereign right to free ride on America while dissing Donald Trump, 2. US sub production numbers falling not rising, and 3. the UK’s Keir Starmer choosing this moment to make UK submarine challenges 500% harder by doubling the UK’s desired production rate while also building much bigger boats. What can go wrong?