Whenever in Cassandra mode, I’ve seen it coming long ago. Here is financial consultant and advisor Jim Rickards telling King World News about it, thanks to the remarkable Gold Anti-Trust Action Committee GATA:
- Special Drawing Rights (SDRs) exist since 1969 “to alleviate the shortage of US dollars and gold reserves in the expansion of international trade”
- They are the creation of another kind of “credit money” that requires interest payments
- They are allocated to member states, i.e. governments, as a “low cost alternative” to national debts.
- They perpetuate the general debt economy and centralise control away from governments into the hands of central bankers.
They are bad news – in exactly the way that Michel Chossudovsky talks about the global financial crisis on video.