Chicago Economics Society--IMF SDR: An Emerging Global Currency?
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What was the role of Special Drawing Rights (SDR) in stabilizing the global economy after the 2008 financial crisis? Should and could SDRs replace US dollar reserves for governments and international businesses? What will the inclusion of the Chinese currency in the SDR basket do to the Chinese and global economy? Is China’s currency becoming more or less regulated? Introductory Remarks: Siddharth Tiwari Moderator: Pedro da Costa Speakers: Dr. Thomas Krueger and Dr. Warren Coats
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block chain not bitcoin. you can not manipulate an open book.
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FAST FORWARD the introducers...
@21:25 Dr. Warren Coats on how US dollar crisis to catapult SDR into its DESTINED role. @57:55 question expands on event hypotheticals (i.e. derivative, bond, USD meltdown).
@23:00 Dr. Warren Coats suggests development banks should denominate loans in private SDRs.
@26:47 Dr. Thomas Krueger confirms SDR purely digital currency. Give end users a right to exchange SDRs for fiat basket currencies (USD, Euro, Yen, Pounds, & Yuan late 2016). Less than $300 billion in SDRs in existence currently.
@41:20 Dr. Warren Coats states giving up USA reserve currency sovereignty would be in the best interest of the USA. Then goes on to propose a global CPI value tool (as if the USA's CPI is not currently doctored or not fallible).
@101:51 Dr. Warren Coats talks about Trump and how the loss of USA reserve currency status could help bring manufacturing back to the United States. The last country to lose it's sole reserve currency status ➤➤➤http://bit.ly/Pound1970s
BTW for those keeping count, Gold is up +32Xs to the IMF's fiat SDR since 1973.
Jan 2013: Gold, SDRs, China, &
MultiCurrency Reserve System ➤http://bit.ly/SDRsGoldChina -
Just think... 5 bowls of Fiat Currency (Sh!t) mixed into 1 bowl is the next best option for the Global Entities that created the current mess we are in now... WTF...
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