IMF to Issue $650 Billion of "Who Owes You Nothing?" SDRs.

#SDR #IMF #dollar #Treasury #BrettonWoods #gold #inflation #fiatcurrency #reserves #liquidity

Today we will look at the origins of the SDR and also at the recent news that the IMF is looking to issue or allocate $650 billion worth of SDRs in order to inject liquidity into the world's monetary system.

This new allocation would more than double the supply of SDRs issued since its creation back in 1969 and will in our opinion lead to more general fiat currency debasement or inflation around the world.

SDR Fact Sheet: https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR#:~:text=The%20value%20of%20the%20SDR,and%20the%20British%20pound%20sterling.

IMF Executive Directors Discuss a New SDR Allocation of US$650 billion to Boost Reserves, Help Global Recovery from COVID-19: https://www.imf.org/en/News/Articles/2021/03/23/pr2177-imf-execdir-discuss-new-sdr-allocation-us-650b-boost-reserves-help-global-recovery-covid19

Currencies Today Are "IOU Nothings" by John Exter: https://www.aier.org/research/currencies-today-are-iou-nothings/

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