Currency is central to international relations. Exchange rates determine how economies are stacked against each other and allow international public and private business. In the post-pandemic world and world economy, many are struggling to recover from lockdowns and slow business. In addition, the war against Ukraine has limited gas and energy access. All of this contributes to a new trend, where the US Dollar is once again leading the world while the Euro and British Pound have fallen behind. While strength abroad ensures American relevance and economic stability, it comes with consequences for ordinary domestic consumers.
The Russian invasion of Ukraine has dragged on far beyond the timeline projected by political scientists, but it may be drawing to a close. What that end might be is yet to be seen, but there are fewer and fewer ways out of this conflict as Russia commits more and more resources and troops to the ‘special military exercise’ that has resulted in at least 10,000 casualties and many more missing, as well as over 10% of the population of Ukraine currently displaced. With American troops part of the forward placement on the East of the NATO Alliance and nuclear threats renewed, Putin may soon force American intervention.