August, 2023

• 17 August

  Eurodollars As A Fractional Reserve Market – OpEd

  

  Austrian economics properly understands the ability of commercial banks to create money by mismatching their depositor liabilities with their issuing of money substitutes (i.e., the creation of credit). One possible place for further exploration is the role that nonbank or foreign financial institutions play in the creation of credit and …

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• 17 August

  Iran’s Defense Buildup In The Persian Gulf: Unfolding Recent Developments – Analysis

  

  There has been a notable escalation in maritime tensions between Iran and the United States in the vicinity of Iran’s southern coastlines. In recent years, the Persian Gulf and the Strait of Hormuz have been the sites of several incidents involving attacks on tankers. These occurrences have often taken place …

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• 17 August

  Jihad in Austria: ‘Christians Must Die’

  

  Two young Muslims [ages 15 and 16] living in Austria recently confessed that they would like to “kill Christians” and “restore the caliphate.” “Killing Christians takes us to paradise.” — The boys’ reply in court. As in other European nations, sex crimes — including against young boys — have skyrocketed …

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• 16 August

  The United States needs its own strategic ‘turning point’ in Europe

  

  Russia’s full-scale invasion of Ukraine in February 2022 upended European security and, as a result, how European countries approach their security. Finland and Sweden shed their historic nonalignment to join NATO. Germany has pursued a “Zeitenwende,” or historic turning point, beginning the overdue task of breaking with decades of overeager …

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• 16 August

  Four big geopolitical tests the European Union faces this year

  

  At the risk of making too obvious of a point, 2019 is not 2023. In 2019, European Commission President Ursula von der Leyen entered office promising a “geopolitical Commission.” Since then, the European Union (EU) has faced one geopolitical crisis after another—a pandemic, a war in Europe, and intensifying energy …

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• 16 August

  What Niger’s coup means for West Africa’s geopolitical contest

  

  On Thursday, August 3, a day that marks Niger’s independence from France in 1960, hundreds of Nigeriens gathered in Independence Square in Niamey to voice their support for the ongoing coup. Over the past week, Africans and their Western partners have seemed surprised by the events in Niger. Many in …

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• 16 August

  A Cry for Help from Palestinians

  

  The two events — in the Gaza Strip and Lebanon — received little attention from the international community and media, most likely because Israel was not involved. Needless to say, the United Nations Security Council was not asked to hold an emergency session to discuss the crimes committed by Palestinians …

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• 16 August

  India’s Potential Sale Of Brahmos Missiles: A New Avenue In Indo-Russian Defense Cooperation – Analysis

  

  The BrahMos missile is one of the most advanced supersonic cruise missiles in the world. It has several advantages over other missiles in terms of speed, range, accuracy, and versatility. With the ongoing geo-political scenario, India is considering the trade of weapons and missiles as an alternative to increase its …

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• 16 August

  Iran, Pakistan Foreign Ministers Discuss Expanding Cooperation

  

  Iranian and Pakistani Foreign Ministers Hossein Amirabdollahian and Bilawal Bhutto Zardari emphasized enhancing all-round relations and developing economic cooperation and bilateral trade. Amirabdollahian highlighted the need to finalize agreements on exchanging prisoners and addressing unauthorized border crossings. The Iranian top diplomat emphasized the importance of implementing the positive agreements achieved …

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• 16 August

  India’s PM Modi Eyes US-Russia ‘De-Hyphenation’ – Analysis

  

  ‘Binary divisions’ are common in international politics, where two opposite sides view the other through a ‘zero-sum game’ mentality. For other countries, it always poses a dilemma—closeness with one country would not be seen positively by its rival. India has witnessed the United States/West–Russia (former Soviet Union) rivalry, which has …

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