Equivalent Exchange: A Fullmetal Alchemist Podcast

Ed, Al, Winry, Ling, Lan Fan, and Fu arrive in Central... where Ling promptly faints and gets picked up by the police for traveling without a passport. No one is able to break the news of Hughes’ death to Ed, Al, and Winry, but they soon find out nonetheless.

Roy continues to investigate the military and Hughes’ death with the help of Sheska. The homunculi continue to move their mysterious plans forward—Envy surveilling the military in disguise, and Lust too has a new contact within the military. With Roy getting uncomfortably close to their schemes, Envy sets a plan in motion to keep him preoccupied.

When a familiar face is accused and convicted of Hughes’ murder, an escape plan is set in motion, but it’s not quick enough for Roy, who burns the resistant convict so badly, the coroner has trouble identifying them.

Winry, then Ed and Al, visit Gracia Hughes to pay their respects and apologize. The kids are torn up about the death, especially Ed and Al, who are unsure who to trust and how to move forward in their quest to restore their bodies.

The homunculi learn of a loose end from the Lab 5 incident that needs to be tied up... but it turns out they already have what they need to find Barry the Chopper.

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Hohenhiem stops bandits with his body, but not in the way you’d expect.

Ling and Lan Fan continue to face off against Wrath and Gluttony. Lan Fan makes a great sacrifice to enable their escape.

Winry hears about the fight going on between Ed, Al, and Scar, and stumbles in to Ed asking Scar a question she may not want to hear the answer to. She tries to attack him, but in the end it’s not in nature to be a killer.

Ling and Ed may have accomplished what they planned to, but the fight’s not over yet...

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Havoc is discharged, but not off Roy’s list of allies just yet.

Ed returns to central, more sure than ever that Al’s body can be restored. Unsure of how exactly to move forward, they decide they need to learn more about the lab and the homunculi. With Scar on the loose again, they team up with Ling and Lan Fan to execute a (classically audacious) plan to lure a homunculus to them and catch it. This works, but the plan may not go as smoothly as they intend...

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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 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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