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What does close ally mean?

Germany was supposed to be a closed ally, but Merkel wasn't that happy when she realized that the USA is spying on her.

It looks like the governments are starting to be less friendly towards eachother as the currencies in the world are collapsing.

Wait, it sounds like you're saying some worldwide currency collapse is in motion. What's that in reference to?

It's slow, but interest rates are going in one direction in the whole world. The last time they were so low was the time before the currencies were hyperinflated and WWII started.

The US has been increasing rates steadily.

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