For decades, the world has run on the dollar. Oil is priced in dollars, most trade invoices are written in dollars only, and when a central bank anywhere from Lagos to Jakarta wants to build a reserve safety net, it still reaches for US Treasury Bonds First. This is not an accident, and it never should be. It is the result of America’s size, for its deep and liquid bond markets and the kind of institutional trust that took decades. Illustration by The Geostrata But lately a q

India has one of the world’s largest foreign exchange reserve stockpiles as of January 2026, with an average of around $723.8 billion . This level of adequacy placed India in a relatively secure position compared to other emerging markets. Despite such large reserves, due to their utilisation, reserve levels were still relatively robust in mid-March 2026, about $709.76 billion , despite the extent of intervention by the RBI itself. Illustration by The Geostrata Here, the RB

Imagine a time when the Romans believed in “ Roma Aeterna”, an empire eternal, invincible and destined to last forever. Today, what remains of that grandeur is a viral TikTok trend. The British Empire, once so vast that the sun never set, is now reduced to nostalgic relics like the royal family, gilded castles, and colonial territorial disputes. Illustration by The Geostrata This is history’s brutal lesson: Power is Transient. According to Modelski and Thompson’s Long Cycle T