Equivalent Exchange: A Fullmetal Alchemist Podcast

Izumi dumps Ed & Al as her students, but as Sig points out, now they’re able to speak as peers. Ed & Al learn more about how Izumi came to know Truth from Sig, and make a plan to try to recover Al’s memories from the failed transmutation attempt—if his whole body was taken, he must know more than Izumi and Ed.

In the refugee camp, Scar’s master comes to visit him. Scar is almost captured by two men at the behest of our favorite asshole Yoki.

Roy’s promotion and move to central go through, and he assembles a team to take with him. Ed suddenly realizes that he needs to take his yearly assessment and heads out of Dublith to do that.

Al, now alone, gets captured and taken to the den of a new bearer of a ouroboros tattoo.

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The Führer leads the raid on Devil’s Nest. Ed is rescued, but Greed doesn’t get past Bradley in the sewers. An incident during the fight enables Al to remember his meeting with The Truth. It doesn’t get him and Ed any closer to their goal of getting their bodies back... but they do leave the raid more suspicious of the military.

Riza runs into an old friend... of ours, not hers... After Roy gets information from that character, Riza, Roy, and Falman become more entwined in the darker goings on in the military.

In the bowels of the military headquarters, the Führer’s true nature is revealed, as he brings the captured son home.

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May Chang arrives in Amestris after a long journey across the desert from Xing. Kayal revives her and her teeny tiny panda companion with his father’s lunch, and almost immediately tragedy strikes the mining town. Fortunately May is able to save the miners using Alkahestry—Xing’s version of Alchemy. In Youswell she’s told of Edward Elric—the State Alchemist, and off she goes to find him.

Ed returns to Rush Valley to get his arm repaired. After the catch up with Paninya and requisite beating from Winry, he and Al head into town and find another passed out dude from Xing... and he’s a prince! They revive him at the local pub as well, and he asks if they know anything about... the Philsopher’s Stone. Ed and Al try to leave but are pursued by Ling’s bodyguards, and half the town is destroyed... again.

It turns out literally everyone is heading to Central—even our old friend Scar.

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Izumi kicks some goon ass to try to rescue Al from his kidnappers, but leaves at his request to bring back Ed. Greed wants to make a deal—information for information.

Ed runs into his favorite people while trying to take his annual state alchemist exam at the South HQ. The Führer & Armstrong follow him back to Dublith to try to convince his teacher to join the military.

Once back in Dublith, Izumi gives Ed the deets about Al (perhaps a little too close to the Führer’s earshot), and Ed goes to confront Al’s captors.

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Ed and Al return to Resembool after training with Izumi more determined than ever to bring their mother back to life. After months of preparation, they’re ready to try. The transmutation seems to work at first, but rebounds. Al is taken away, but Ed is taken to a mysterious place to learn the truth of creation. Bargains are made and Al’s soul is recovered, but all this at the cost of Ed’s arm and leg.

Roy and Riza travel to Resembool, find the remains of the horrible event, and find a broken Ed and Al. They offer Ed the opportunity to join the military, do research, and get their bodies back. Ed is determined, recovers from the automail surgery, and takes the state alchemist certification exam.

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