Analysts say countries like Malaysia and Thailand may want to hedge in a more polarized world and get better access to China and India.
  • Chewbaccabra@lemmy.worldEnglish
    2·
    3 months ago

    I don’t know anything about economics but this is an interesting and recent Chapo podcast on the topic: https://youtu.be/rq5vxvS615Y

    Iirc they say putting an embargo on countries will cause a cascade with all banks that use USD. They extend this to suggest that the US has sanctioned a third of the planet overall.