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Following the March, 2014 annexation of the Crimean Peninsula, international political analysts began speaking of the rebirth of orthodox geopolitics. The event also signified the beginning of a multi-polar period. While US foreign policy is retreating and becoming more insular, large growing markets are returning through the use of military strength, i.e., by using “hard power”. Using its Eurasian geopolitical principle, Russia - which is clearly standing opposed to the USA - is increasingly becoming a land power. But given its natural geography it is doubtful it can become a sea power: only its Sevastopol harbour gives its flotilla access to warm-water seas. As such, Ukraine’s role as a buffer state will increase. The sharp opposition between West and East will make it impossible for Ukraine to become a bridging state in the future, i.e., to be a liaison state, a bridge state between West and East.

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The study assesses the terrorist tendencies, the global jihadism, the appearance of the Islamic State, and the threats posed by new type of terrorism. The main focus is directed on the fight against the Islamic State. It is emphasised that all kind of intelligence and international cooperation is needed in collection of informations concerning IS. The author stresses the importance of a proxy intelligence as well.

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The study assesses the terrorist tendencies, the global jihadism, the appearance of the Islamic State, and the threats posed by new type of terrorism. The main focus is directed on the fight against the Islamic State. It is emphasised that all kind of intelligence and international cooperation is needed in collection of informations concerning IS. The author stresses the importance of a proxy intelligence as well.

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The publication examines the United States’ speculative bubbles in the past three decades. The author follows the concepts of the Austrian School by trying to find a link between them and exposing how the prevention and treatment of financial crises led to the inflation of another immense bubble and thereby to a more deeper slump. These events that defined the economic history for the past thirty years turn out to have many resemblance and connection to each other and their sequence doesn’t seem to end due to constant failure in monetary and fiscal policy. The goal of the next years will be defined by fundamentally reforming the financial system and finding a way out of this continuous crisis chain.

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The publication examines the United States’ speculative bubbles in the past three decades. The author follows the concepts of the Austrian School by trying to find a link between them and exposing how the prevention and treatment of financial crises led to the inflation of another immense bubble and thereby to a more deeper slump. These events that defined the economic history for the past thirty years turn out to have many resemblance and connection to each other and their sequence doesn’t seem to end due to constant failure in monetary and fiscal policy. The goal of the next years will be defined by fundamentally reforming the financial system and finding a way out of this continuous crisis chain.

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