2022 INFLATIONARY TREND: GEOSTRATEGIC HYPOTHESES IN THE ERA OF UKRAINE’S INVASION

Are the root causes of current inflationary tensions geostrategic in nature? A global perspective major issues pitting United States and its Western allies against China Russia, for most part, is not only necessary but unavoidable. Is a clash blocks now at work with Russian invasion Ukraine? These are military nature but, above all, an economic, commercial financial one. Monetary budgetary responses, particularly those implemented States, must be placed this context, as they form, by their magnitude, developments that have been seen since Second World War. In respect, guidelines announced August 2020 Jerome Powell, President US Federal Reserve Bank, constitute revolution monetary policies, importance which was immediately perceived: after 40 years’ fighting inflation Paul Volker 1979, FED deliberately wished return to acted accordingly. One hypothesis adopted here debt generated part repeated trade deficits suffered “systemic” relations China, especially 2001 acceptance into Trade Organization, can reduced – minds American leaders fiscal-monetary “policy mix” lead strong growth moderate just years following The other two reduction options austerity policies default: former never had priority while latter possible because dollar remain world’s currency. paper’s contents resituate rise pressures on goods services observed 2021 2022 within framework systemic (economic, commercial, financial, etc.) developed between early 1980s. With Russia’s Ukraine February 2022, background “new type” relationship Russia should economic globalization phenomena past called question?