A bazooka issuance of 456 billion new SDRs (~$650 billion) by the IMF in August 2021, “to boost global liquidity,” has accomplished very little of what was intended. Numerous nations are teetering on the brink of collapse and global growth is declining. Paltry SDR trading volume over the past year confirms the flaws of this asset.
The delusional arrogance of the Bankster cartel to create another "thingy" out of nowhere from nothing and call it "money" has needed this ray of sunlight for many decades.
As it is so poorly traded your being generous to even refer to it as a "fringe reserve asset".
EXCELLENT work Sir.
The delusional arrogance of the Bankster cartel to create another "thingy" out of nowhere from nothing and call it "money" has needed this ray of sunlight for many decades.
As it is so poorly traded your being generous to even refer to it as a "fringe reserve asset".
Thanks ursel!
Great article, which has significantly improved my understanding of this subject. Regarding theories of bureaucracy, see Parkinson's Law: https://en.wikipedia.org/wiki/Parkinson%27s_law