Most economic commentators believe balance of trade is a key factor in a currency’s exchange rate. All other things being equal, an increase in imports, which leads to a trade deficit, gives rise to an increase in the demand for foreign currency.

To obtain foreign currency, importers sell their domestic currency for it. This strengthens the exchange rate of the foreign currency against the domestic currency—i.e., there is more domestic money per unit of a foreign money.

Egypt is considered a former socialist state and a country where the tentacles of Marxism can still be found, buried deep within almost every institution, something I have observed having lived there many decades. As I watch and listen to so-called leftists and socialist activists from Europe and North America preach about the need for wealth redistribution and the benign merits of Marxist ideologies, I wonder: What, exactly, are they talking about? Experience with socialism outweighs the ideologies of Marxism.

Few things are certain, but the American government’s intent on inflicting economic hardship across the world is abundantly clear. There is no way Russia will take its sanctions lightly. They’ve already started fighting back with sanctions of their own. If this is part of the plan that US (pro-war) policy makers expect, it looks like a long and painful road ahead.

Per Reuters on Thursday, Russia announced:

As Russian troops, missiles, and tanks strike farther into Ukraine, American political elites and their allies are doing what they do best: punishing innocent people for the sins of others. Russian musicians, athletes, artists, and writers are finding they are not welcome at venues where they have performed for years, not because of anything they have done or said, but because they are easy targets for outraged Westerners looking to blame someone for the carnage.

According to new data released by the Bureau of Labor Statistics (BLS), price inflation in February rose to the highest level recorded in more than forty years. According to the Consumer Price Index (CPI) for February, year-over-year price inflation rose to 7.9 percent. It hasn’t been that high since January 1982, when the growth rate was at 8.3 percent.

Nonintervention is more than just a good US foreign policy prescription. When it comes to the Russia-Ukraine War, American neutrality is patriotic. Resistance to the narrative pushers is essential for the formation of authentic community and freedom. 

The way the media covers it, the Russia-Ukraine conflict hardly seems like a proxy war. How is it that tens of millions of Americans have seemingly internalized these overseas events in the same way so many did with the wars in Afghanistan and Iraq two decades ago?