The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
U.S. President Barak Obama has set a difficult goal in the war against the Islamic State of Iraq and al-Sham (ISIS). “Our coalition isn’t just going to degrade this barbarous terrorist organization,” he said in mid-December, “we’re going to destroy it.” He reiterated this goal after ISIS’ killing of the Jordanian pilot Moath al-Kasasbeh. But to achieve that goal, he will need to bring Iran on board, especially in the Syrian peace talks.
The ISIS crisis is so complex because it links ideological and geopolitical conflicts across the region. The terrorist group, a non-state actor seeking to create an Islamic caliphate, is anti-nationalist, anti-state, and, indeed, against any known political borders whatsoever. It capitalizes on tensions in Iraq and Syria between Shias, Sunnis, and Kurds and, more broadly, between Iran, Turkey, and Saudi Arabia. This strategy has allowed ISIS to stay alive. And the U.S.-led