Yes, I briefly came across it yeasterday, will have to read in its entirety.Michael Hudson's recently made the claim that when the US seized Russian reserves, the global economy fractured into a pair of (unequal) parts:
The End of Dollar Hegemony
"And all of a sudden, this means that other countries can no longer safely hold their reserves by sending their money back, depositing them in US banks or buying US Treasury Securities, or having other US investments because they could simply be grabbed as happened to Russia.
"So, all of a sudden this last week, you’re seeing the world economy fracture into two parts, a dollarized part and other countries that do not follow the neoliberal policies that the United States insists that its allies follow.
"We’re seeing the birth of a new dual World economy."