More than 90% of all global payments are in countries allied to the USA & equipped with $ swap lines.

More than 90% of all global payments are in countries allied to the USA & equipped with $ swap lines.
cer.eu/insights/russi…
Piece by @Zach_CER pairs exquisitely with Chartbook #106 on the new buttresses of the $ system.
adamtooze.substack.com/p/chartbook-10… https://t.co/HxvF0te8bP

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