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2021-06-24

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The "Great Reset" Is Here, Part 1: The New Blueprint For Worldwide Inflation<blockquote>“大重置”来了，第一部分：全球通胀的新蓝图</blockquote>

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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":128230040,"tweetId":"128230040","gmtCreate":1624517422280,"gmtModify":1634004955902,"author":{"id":3579046393151749,"idStr":"3579046393151749","authorId":3579046393151749,"authorIdStr":"3579046393151749","name":"1da1711","avatar":"https://static.tigerbbs.com/default-avatar2.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":1,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Comment. Please like.</body></html>","htmlText":"<html><head></head><body>Comment. Please like.</body></html>","text":"Comment. Please like.","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/128230040","repostId":1118732537,"repostType":4,"repost":{"id":"1118732537","kind":"news","pubTimestamp":1624517129,"share":"https://www.laohunote.com/m/news/1118732537?lang=zh_CN&edition=full","pubTime":"2021-06-24 14:45","market":"us","language":"en","title":"The \"Great Reset\" Is Here, Part 1: The New Blueprint For Worldwide Inflation<blockquote>“大重置”来了，第一部分：全球通胀的新蓝图</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118732537","media":"zerohedge","summary":"For years, currency analysts (myself included) have looked forsigns of an international monetary “re","content":"For years, currency analysts (myself included) have looked forsigns of an international monetary “reset” that would diminish the dollar’s role as the leading reserve currency and replace it with a substitute,which would be agreed upon at some Bretton Woods-style monetary conference.<blockquote>多年来，货币分析师（包括我自己）一直在寻找有迹象表明，国际货币 “重置 ”将削弱美元作为主要储备货币的作用，并用替代品取而代之、这将在某种布雷顿森林式的货币会议上达成一致。</blockquote> Now, it looks like the move towards the long-expected Great Reset is accelerating.<blockquote>现在，看起来期待已久的大重置正在加速。</blockquote> At the recent G7 summit in the UK, G7 leaders gave their blessings to a $100 billion allocation of IMF special drawing rights (SDRs) to help lower-income countries address the COVID-19 crisis.<blockquote>在最近于英国举行的七国集团峰会上，七国集团领导人对分配 1000 亿美元的国际货币基金组织特别提款权 (SDR) 表示祝福，以帮助低收入国家应对 COVID-19 危机。</blockquote> President Biden fully supports the idea. The White House issued the following statement:<blockquote>拜登总统完全支持这个想法。白宫发表了以下声明：</blockquote> The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need…At potentially up to $100 billion in size, the proposed effort would further support health needs – including vaccinations… A separate press release from the same day continued the same sentiment, stating, “We strongly support the effort to recycle SDRs to further support health needs.”<blockquote>美国和我们的七国集团合作伙伴正在积极考虑一项全球努力，以扩大拟议的特别提款权（SDR）分配对最需要的国家的影响……拟议的努力规模可能高达1000亿美元，将进一步支持健康需求——包括疫苗接种……同一天的另一份新闻稿也延续了同样的观点，称：“我们强烈支持回收特别提款权的努力，以进一步支持卫生需求”。</blockquote> In another development, IMF Managing Director Kristalina Georgieva said last Wednesday that she expected the fund’s governors to approve a $650 billion allocation of SDRs in mid-August.<blockquote>国际货币基金组织总裁克里斯塔利娜-格奥尔基耶娃（Kristalina Georgieva）上周三表示，她预计基金组织总裁将在8月中旬批准分配6500亿美元的特别提款权。</blockquote> What exactly are SDRs?<blockquote>SDRs到底是什么？</blockquote> Basically, they’re world money.<blockquote>基本上，它们是世界货币。</blockquote> In 1969, the IMF created the SDR, possibly to serve as a source of liquidity and alternative to the dollar.<blockquote>1969年，国际货币基金组织创建了特别提款权，可能是为了作为流动性来源和美元的替代品。</blockquote> In 1971, the dollar did devalue relative to gold and other major currencies. SDRs were issued by the IMF from 1970 to 1981. None were issued after 1981 until 2009 during the global financial crisis.<blockquote>1971年，美元相对于黄金和其他主要货币贬值。特别提款权由国际货币基金组织于1970年至1981年发行。1981 年之后直到 2009 年全球金融危机期间，均未发行任何债券。</blockquote> The 2009 issuance was a case of the IMF “testing the plumbing” of the system to make sure it worked properly. Because zero SDRs were issued from 1981–2009, the IMF wanted to rehearse the governance, computational, and legal processes for issuing SDRs.<blockquote>2009年的发行是国际货币基金组织“测试”该系统的一个例子，以确保其正常运行。由于 1981 年至 2009 年期间发行的特别提款权为零，IMF 希望演练发行特别提款权的治理、计算和法律流程。</blockquote> The purpose was partly to alleviate liquidity concerns at the time, but it was also to make sure the system works in case a large, new issuance was needed on short notice. The 2009 experiment showed the system worked fine.<blockquote>其目的部分是为了缓解当时的流动性担忧，但也是为了确保该系统在短时间内需要大量新发行的情况下能够正常工作。2009年的实验表明该系统运行良好。</blockquote> Since 2009, the IMF has proceeded in slow steps to create a platform for massive new issuances of SDRs and establish a deep liquid pool of SDR-denominated assets.<blockquote>自2009年以来，国际货币基金组织一直在缓慢推进，为大规模发行新的特别提款权创建一个平台，并建立一个以特别提款权计价的资产的深度流动性池。</blockquote> On January 7, 2011, the IMF issued a master plan for replacing the dollar with SDRs.<blockquote>2011年1月7日，IMF发布了以SDR取代美元的总体规划。</blockquote> This included creating an SDR bond market, SDR dealers, and ancillary facilities such as repos, derivatives, settlement and clearance channels, and the entire apparatus of a liquid bond market.<blockquote>这包括创建特别提款权债券市场、特别提款权交易商、回购、衍生品、结算和清算渠道等辅助设施，以及流动性债券市场的整个机制。</blockquote> A liquid bond market is critical. U.S. Treasury bonds are among the world’s most liquid securities, which makes the dollar a legitimate reserve currency.<blockquote>流动性强的债券市场至关重要。美国国债是世界上流动性最强的证券之一，这使得美元成为合法的储备货币。</blockquote> The IMF study recommended that the SDR bond market replicate the infrastructure of the U.S. Treasury market, with hedging, financing, settlement and clearance mechanisms substantially similar to those used to support trading in Treasury securities today.<blockquote>国际货币基金组织的研究建议，特别提款权债券市场应复制美国国债市场的基础设施，其对冲、融资、结算和清算机制与当今用于支持国债交易的机制基本相似。</blockquote> In August 2016, the World Bank announced that it would issue SDR-denominated bonds to private purchasers. Industrial and Commercial Bank of China (ICBC), the largest bank in China, will be the lead underwriter on the deal.<blockquote>2016年8月，世界银行宣布将向私人购买者发行以SDR计价的债券。中国最大的银行中国工商银行（ICBC）将成为此次交易的主承销商。</blockquote> In September 2016, the IMF included the Chinese yuan in the SDR basket, giving China a seat at the monetary table.<blockquote>2016年9月，IMF将人民币纳入SDR篮子，让中国在货币桌上有了一席之地。</blockquote> So, the framework has been created to expand the SDR’s scope.<blockquote>因此，该框架的建立是为了扩大特别提款权的范围。</blockquote> The SDR can be issued in abundance to IMF members and used in the future for a select list of the most important transactions in the world, including balance-of-payments settlements, oil pricing, and the financial accounts of the world’s largest corporations, such as Exxon Mobil, Toyota, and Royal Dutch Shell.<blockquote>特别提款权可以大量发行给国际货币基金组织成员，并在未来用于世界上一些最重要的交易，包括国际收支结算、石油定价以及埃克森美孚、丰田和荷兰皇家壳牌等世界大公司的财务账户。</blockquote> The basic idea behind the SDR is that theglobal monetary system centered around the dollar is inherently unstableand needs to be reformed.<blockquote>特别提款权背后的基本理念是以美元为中心的全球货币体系本质上是不稳定的需要改革。</blockquote> Part of the problem is due to a process called Triffin’s Dilemma, named after economist Robert Triffin. Triffin said that the issuer of a dominant reserve currency had to run trade deficits so that the rest of the world could have enough of the currency to buy goods from the issuer and expand world trade.<blockquote>部分问题是由于一个名为特里芬困境的过程造成的，该过程以经济学家罗伯特-特里芬的名字命名。特里芬表示，占主导地位的储备货币发行者必须出现贸易逆差，以便世界其他地区能够拥有足够的货币从发行者那里购买商品并扩大世界贸易。</blockquote> But, if you run deficits long enough, you would eventually go broke. This was said about the dollar in the early 1960s. The SDR would solve Triffin’s Dilemma.<blockquote>但是，如果你持续赤字足够长的时间，你最终会破产。这是20世纪60年代初关于美元的说法。特别提款权将解决特里芬的困境。</blockquote> I wrote about SDRs and the global elite plans for them in the second chapter of my 2016 book,&nbsp;The Road to Ruin.<blockquote>我在2016年出版的书的第二章中写到了特别提款权和全球精英为它们制定的计划，毁灭之路.</blockquote> Over the next several years, we will see the issuance of SDRs to transnational organizations, such as the U.N. and World Bank, for spending on climate change infrastructure and other elite pet projects outside the supervision of any democratically elected bodies.<blockquote>未来几年，我们将看到向联合国和世界银行等跨国组织发行特别提款权，用于在任何民主选举机构监督之外的气候变化基础设施和其他精英宠物项目上的支出。</blockquote> I call this the New Blueprint for Worldwide Inflation.<blockquote>我看涨期权这是全球通货膨胀的新蓝图。</blockquote> But Triffin’s Dilemma is not the only dynamic that’s pushing the world away from the dollar.<blockquote>但特里芬的困境并不是推动世界远离美元的唯一动力。</blockquote> In Part 2, we show you why the weaponization of the dollar by the U.S. government is pushing the world to seek alternatives.<blockquote>在第二部分中，我们将向您展示为什么美国政府将美元武器化正在推动世界寻求替代方案。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe \"Great Reset\" Is Here, Part 1: The New Blueprint For Worldwide Inflation<blockquote>“大重置”来了，第一部分：全球通胀的新蓝图</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nzerohedge2021-06-24 14:45\n\n</h4>\n</header>\n<article>\nFor years, currency analysts (myself included) have looked forsigns of an international monetary “reset” that would diminish the dollar’s role as the leading reserve currency and replace it with a substitute,which would be agreed upon at some Bretton Woods-style monetary conference.<blockquote>多年来，货币分析师（包括我自己）一直在寻找有迹象表明，国际货币 “重置 ”将削弱美元作为主要储备货币的作用，并用替代品取而代之、这将在某种布雷顿森林式的货币会议上达成一致。</blockquote> Now, it looks like the move towards the long-expected Great Reset is accelerating.<blockquote>现在，看起来期待已久的大重置正在加速。</blockquote> At the recent G7 summit in the UK, G7 leaders gave their blessings to a $100 billion allocation of IMF special drawing rights (SDRs) to help lower-income countries address the COVID-19 crisis.<blockquote>在最近于英国举行的七国集团峰会上，七国集团领导人对分配 1000 亿美元的国际货币基金组织特别提款权 (SDR) 表示祝福，以帮助低收入国家应对 COVID-19 危机。</blockquote> President Biden fully supports the idea. The White House issued the following statement:<blockquote>拜登总统完全支持这个想法。白宫发表了以下声明：</blockquote> The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need…At potentially up to $100 billion in size, the proposed effort would further support health needs – including vaccinations… A separate press release from the same day continued the same sentiment, stating, “We strongly support the effort to recycle SDRs to further support health needs.”<blockquote>美国和我们的七国集团合作伙伴正在积极考虑一项全球努力，以扩大拟议的特别提款权（SDR）分配对最需要的国家的影响……拟议的努力规模可能高达1000亿美元，将进一步支持健康需求——包括疫苗接种……同一天的另一份新闻稿也延续了同样的观点，称：“我们强烈支持回收特别提款权的努力，以进一步支持卫生需求”。</blockquote> In another development, IMF Managing Director Kristalina Georgieva said last Wednesday that she expected the fund’s governors to approve a $650 billion allocation of SDRs in mid-August.<blockquote>国际货币基金组织总裁克里斯塔利娜-格奥尔基耶娃（Kristalina Georgieva）上周三表示，她预计基金组织总裁将在8月中旬批准分配6500亿美元的特别提款权。</blockquote> What exactly are SDRs?<blockquote>SDRs到底是什么？</blockquote> Basically, they’re world money.<blockquote>基本上，它们是世界货币。</blockquote> In 1969, the IMF created the SDR, possibly to serve as a source of liquidity and alternative to the dollar.<blockquote>1969年，国际货币基金组织创建了特别提款权，可能是为了作为流动性来源和美元的替代品。</blockquote> In 1971, the dollar did devalue relative to gold and other major currencies. SDRs were issued by the IMF from 1970 to 1981. None were issued after 1981 until 2009 during the global financial crisis.<blockquote>1971年，美元相对于黄金和其他主要货币贬值。特别提款权由国际货币基金组织于1970年至1981年发行。1981 年之后直到 2009 年全球金融危机期间，均未发行任何债券。</blockquote> The 2009 issuance was a case of the IMF “testing the plumbing” of the system to make sure it worked properly. Because zero SDRs were issued from 1981–2009, the IMF wanted to rehearse the governance, computational, and legal processes for issuing SDRs.<blockquote>2009年的发行是国际货币基金组织“测试”该系统的一个例子，以确保其正常运行。由于 1981 年至 2009 年期间发行的特别提款权为零，IMF 希望演练发行特别提款权的治理、计算和法律流程。</blockquote> The purpose was partly to alleviate liquidity concerns at the time, but it was also to make sure the system works in case a large, new issuance was needed on short notice. The 2009 experiment showed the system worked fine.<blockquote>其目的部分是为了缓解当时的流动性担忧，但也是为了确保该系统在短时间内需要大量新发行的情况下能够正常工作。2009年的实验表明该系统运行良好。</blockquote> Since 2009, the IMF has proceeded in slow steps to create a platform for massive new issuances of SDRs and establish a deep liquid pool of SDR-denominated assets.<blockquote>自2009年以来，国际货币基金组织一直在缓慢推进，为大规模发行新的特别提款权创建一个平台，并建立一个以特别提款权计价的资产的深度流动性池。</blockquote> On January 7, 2011, the IMF issued a master plan for replacing the dollar with SDRs.<blockquote>2011年1月7日，IMF发布了以SDR取代美元的总体规划。</blockquote> This included creating an SDR bond market, SDR dealers, and ancillary facilities such as repos, derivatives, settlement and clearance channels, and the entire apparatus of a liquid bond market.<blockquote>这包括创建特别提款权债券市场、特别提款权交易商、回购、衍生品、结算和清算渠道等辅助设施，以及流动性债券市场的整个机制。</blockquote> A liquid bond market is critical. U.S. Treasury bonds are among the world’s most liquid securities, which makes the dollar a legitimate reserve currency.<blockquote>流动性强的债券市场至关重要。美国国债是世界上流动性最强的证券之一，这使得美元成为合法的储备货币。</blockquote> The IMF study recommended that the SDR bond market replicate the infrastructure of the U.S. Treasury market, with hedging, financing, settlement and clearance mechanisms substantially similar to those used to support trading in Treasury securities today.<blockquote>国际货币基金组织的研究建议，特别提款权债券市场应复制美国国债市场的基础设施，其对冲、融资、结算和清算机制与当今用于支持国债交易的机制基本相似。</blockquote> In August 2016, the World Bank announced that it would issue SDR-denominated bonds to private purchasers. Industrial and Commercial Bank of China (ICBC), the largest bank in China, will be the lead underwriter on the deal.<blockquote>2016年8月，世界银行宣布将向私人购买者发行以SDR计价的债券。中国最大的银行中国工商银行（ICBC）将成为此次交易的主承销商。</blockquote> In September 2016, the IMF included the Chinese yuan in the SDR basket, giving China a seat at the monetary table.<blockquote>2016年9月，IMF将人民币纳入SDR篮子，让中国在货币桌上有了一席之地。</blockquote> So, the framework has been created to expand the SDR’s scope.<blockquote>因此，该框架的建立是为了扩大特别提款权的范围。</blockquote> The SDR can be issued in abundance to IMF members and used in the future for a select list of the most important transactions in the world, including balance-of-payments settlements, oil pricing, and the financial accounts of the world’s largest corporations, such as Exxon Mobil, Toyota, and Royal Dutch Shell.<blockquote>特别提款权可以大量发行给国际货币基金组织成员，并在未来用于世界上一些最重要的交易，包括国际收支结算、石油定价以及埃克森美孚、丰田和荷兰皇家壳牌等世界大公司的财务账户。</blockquote> The basic idea behind the SDR is that theglobal monetary system centered around the dollar is inherently unstableand needs to be reformed.<blockquote>特别提款权背后的基本理念是以美元为中心的全球货币体系本质上是不稳定的需要改革。</blockquote> Part of the problem is due to a process called Triffin’s Dilemma, named after economist Robert Triffin. Triffin said that the issuer of a dominant reserve currency had to run trade deficits so that the rest of the world could have enough of the currency to buy goods from the issuer and expand world trade.<blockquote>部分问题是由于一个名为特里芬困境的过程造成的，该过程以经济学家罗伯特-特里芬的名字命名。特里芬表示，占主导地位的储备货币发行者必须出现贸易逆差，以便世界其他地区能够拥有足够的货币从发行者那里购买商品并扩大世界贸易。</blockquote> But, if you run deficits long enough, you would eventually go broke. This was said about the dollar in the early 1960s. The SDR would solve Triffin’s Dilemma.<blockquote>但是，如果你持续赤字足够长的时间，你最终会破产。这是20世纪60年代初关于美元的说法。特别提款权将解决特里芬的困境。</blockquote> I wrote about SDRs and the global elite plans for them in the second chapter of my 2016 book,&nbsp;The Road to Ruin.<blockquote>我在2016年出版的书的第二章中写到了特别提款权和全球精英为它们制定的计划，毁灭之路.</blockquote> Over the next several years, we will see the issuance of SDRs to transnational organizations, such as the U.N. and World Bank, for spending on climate change infrastructure and other elite pet projects outside the supervision of any democratically elected bodies.<blockquote>未来几年，我们将看到向联合国和世界银行等跨国组织发行特别提款权，用于在任何民主选举机构监督之外的气候变化基础设施和其他精英宠物项目上的支出。</blockquote> I call this the New Blueprint for Worldwide Inflation.<blockquote>我看涨期权这是全球通货膨胀的新蓝图。</blockquote> But Triffin’s Dilemma is not the only dynamic that’s pushing the world away from the dollar.<blockquote>但特里芬的困境并不是推动世界远离美元的唯一动力。</blockquote> In Part 2, we show you why the weaponization of the dollar by the U.S. government is pushing the world to seek alternatives.<blockquote>在第二部分中，我们将向您展示为什么美国政府将美元武器化正在推动世界寻求替代方案。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.zerohedge.com/geopolitical/great-reset-here-part-1-new-blueprint-worldwide-inflation\">zerohedge</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/geopolitical/great-reset-here-part-1-new-blueprint-worldwide-inflation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118732537","content_text":"For years, currency analysts (myself included) have looked forsigns of an international monetary “reset” that would diminish the dollar’s role as the leading reserve currency and replace it with a substitute,which would be agreed upon at some Bretton Woods-style monetary conference.\nNow, it looks like the move towards the long-expected Great Reset is accelerating.\nAt the recent G7 summit in the UK, G7 leaders gave their blessings to a $100 billion allocation of IMF special drawing rights (SDRs) to help lower-income countries address the COVID-19 crisis.\nPresident Biden fully supports the idea. The White House issued the following statement:\n\nThe United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need…At potentially up to $100 billion in size, the proposed effort would further support health needs – including vaccinations…\n\nA separate press release from the same day continued the same sentiment, stating, “We strongly support the effort to recycle SDRs to further support health needs.”\nIn another development, IMF Managing Director Kristalina Georgieva said last Wednesday that she expected the fund’s governors to approve a $650 billion allocation of SDRs in mid-August.\nWhat exactly are SDRs?\nBasically, they’re world money.\nIn 1969, the IMF created the SDR, possibly to serve as a source of liquidity and alternative to the dollar.\nIn 1971, the dollar did devalue relative to gold and other major currencies. SDRs were issued by the IMF from 1970 to 1981. None were issued after 1981 until 2009 during the global financial crisis.\nThe 2009 issuance was a case of the IMF “testing the plumbing” of the system to make sure it worked properly. Because zero SDRs were issued from 1981–2009, the IMF wanted to rehearse the governance, computational, and legal processes for issuing SDRs.\nThe purpose was partly to alleviate liquidity concerns at the time, but it was also to make sure the system works in case a large, new issuance was needed on short notice. The 2009 experiment showed the system worked fine.\nSince 2009, the IMF has proceeded in slow steps to create a platform for massive new issuances of SDRs and establish a deep liquid pool of SDR-denominated assets.\nOn January 7, 2011, the IMF issued a master plan for replacing the dollar with SDRs.\nThis included creating an SDR bond market, SDR dealers, and ancillary facilities such as repos, derivatives, settlement and clearance channels, and the entire apparatus of a liquid bond market.\nA liquid bond market is critical. U.S. Treasury bonds are among the world’s most liquid securities, which makes the dollar a legitimate reserve currency.\nThe IMF study recommended that the SDR bond market replicate the infrastructure of the U.S. Treasury market, with hedging, financing, settlement and clearance mechanisms substantially similar to those used to support trading in Treasury securities today.\nIn August 2016, the World Bank announced that it would issue SDR-denominated bonds to private purchasers. Industrial and Commercial Bank of China (ICBC), the largest bank in China, will be the lead underwriter on the deal.\nIn September 2016, the IMF included the Chinese yuan in the SDR basket, giving China a seat at the monetary table.\nSo, the framework has been created to expand the SDR’s scope.\nThe SDR can be issued in abundance to IMF members and used in the future for a select list of the most important transactions in the world, including balance-of-payments settlements, oil pricing, and the financial accounts of the world’s largest corporations, such as Exxon Mobil, Toyota, and Royal Dutch Shell.\nThe basic idea behind the SDR is that theglobal monetary system centered around the dollar is inherently unstableand needs to be reformed.\nPart of the problem is due to a process called Triffin’s Dilemma, named after economist Robert Triffin. Triffin said that the issuer of a dominant reserve currency had to run trade deficits so that the rest of the world could have enough of the currency to buy goods from the issuer and expand world trade.\nBut, if you run deficits long enough, you would eventually go broke. This was said about the dollar in the early 1960s. The SDR would solve Triffin’s Dilemma.\nI wrote about SDRs and the global elite plans for them in the second chapter of my 2016 book, The Road to Ruin.\nOver the next several years, we will see the issuance of SDRs to transnational organizations, such as the U.N. and World Bank, for spending on climate change infrastructure and other elite pet projects outside the supervision of any democratically elected bodies.\nI call this the New Blueprint for Worldwide Inflation.\nBut Triffin’s Dilemma is not the only dynamic that’s pushing the world away from the dollar.\nIn Part 2, we show you why the weaponization of the dollar by the U.S. government is pushing the world to seek alternatives.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":741,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":19,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/128230040"}