Friday, 22 August 2025

Countries are not just dedollarizing due to fear of US sanctions & asset seizures, but also because it's now more expensive to borrow in dollars

 https://x.com/BenjaminNorton/status/1958618740628808022

@BenjaminNorton
This is a big deal: it debunks the ridiculous US myth of "Chinese debt-trap diplomacy", and is also a sign of growing dedollarization. Countries are not just dedollarizing due to fear of US sanctions & asset seizures, but also because it's now more expensive to borrow in dollars
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Carlos
@agent_of_change
The truth about China and debt traps is that Global South countries turn to China to *get out* of the West's debt traps.
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https://x.com/BenjaminNorton/status/1958618740628808022
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