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Why The Strong Dollar Could Trigger A Worldwide Economic Implosion

The U.S. currency is stronger on world markets than it's been in years, which could fundamentally undermine emerging economies that have borrowed trillions in dollars.

Why The Strong Dollar Could Trigger A Worldwide Economic Implosion
Daniel Eckert and Holger Zschäpitz

-Analysis-

BERLIN — The dollar is strong, stronger indeed than it has been for years. Fears that the world's leading currency could implode are now over. Good news, right? Not quite. Paradoxically, it is precisely this overly strong dollar that could threaten the world financial system. A growing number of experts worry that a severe debt crisis in the emerging economies may be brewing.

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FOCUS: Russia-Ukraine War

Sergey Lavrov, Putin’s Decoy-In-Chief

The Russian Foreign Minister, among the country’s most recognizable figures, embodies both the corruption and confusion of the Putin regime. Not everything is what it seems — and that’s the point.

Russia's Foreign Minister Sergei Lavrov attends a diplomatic reception for heads of African diplomatic missions

Anna Akage

From the outside, one might have the impression that the Russian Federation is run through a highly complex and well-coordinated apparatus that ensures that any single cog in Vladimir Putin’s system is by definition both in synch with the other cogs — and utterly replaceable. The Kremlin appears to us through this lens as an impregnable citadel with long arms and peering eyes that are literally everywhere.

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And yet, this is a completely false picture — and there’s no greater proof than in looking more closely at one of Russia's most prominent figures, Foreign Minister Sergey Lavrov.

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Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

Yet one month on, a quick look at the map shows that many of the worst-hit cities are those where Russian is the predominant language: Kharkiv, Odesa, Kherson.

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