The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
A little more than three years after the Islamic State (or ISIS) stormed onto the world stage by violently capturing large swaths of territory throughout Iraq and Syria, the campaign to counter the group has made significant progress. But predictions of the group’s ultimate demise are premature. What the world is witnessing is the transition, and in many ways degeneration, from an insurgent organization with a fixed headquarters to a clandestine terrorist network dispersed throughout the region and the globe.
Iraqi security forces have ejected ISIS fighters from key cities they once controlled, including Fallujah, Ramadi, Tal Afar, and most recently Mosul, which served as an important base of operations for the insurgents over the past three-and-a-half years. Across the border in Syria, the U.S.-backed Syrian Democratic Forces claim to have retaken nearly 80 percent of Raqqa, ISIS’ overall headquarters and the heart of its so-called caliphate. In