RE: Today Is the 45th Anniversary of The Most Destructive Event In Modern Monetary History by recursive

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·@tarack·
0.000 HBD
On Sep. 30th, yuan officially becomes part of the SDR basket of currencies. The World Bank has been approved to issue SDR bonds in China so China can invest in them and move away from the dollar. Other institutions and countries may follow suit. The SDR perhaps will become the 'world money' to replace the dollar as the world's reserve currency, as some experts like Jim Rickards suggest. Whether or not this is 'part of a larger, long-term movement to bring the dollar to its knees' is anybody's guess. But Rickards thinks as well that the rise of the SDR and the elimination of the dollar is part of 'piecemeal engineering' employed by the global elites to change the world slowly, one piece at a time, in ways that nobody notices. Btw, the SDR was invented by the IMF in 1969, just a couple of years before Nixon's uncoupling of the dollar from gold  Buy gold and silver, Any weakening of the dollar is only good for the precious metals!
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