Bigworld, Stockman really nails it.
>>> They have taken us to the edge, but they are out of dry powder and out of tools <<<
Once the next big financial crisis hits, the only way they can reliquify the system will be with SDRs. That's the long and short of it because as Jim Rickards says, another US Fed bailout of the world is basically impossible - the Fed already blew its wad in the aftermath of the 2008 meltdown, and the Fed hasn't unwound its balance sheet from that bailout. The next financial crisis is likely even bigger than 2008, and the only clean balance sheet left in the world is the IMF and their SDRs.
>>> some kind of crackup phase in the world monetary system <<<
That about sums it up, but a bigger question is will the elites have the SDR system up and functioning sufficiently if a financial crisis should hit out of the blue? Under ideal conditions they might be able to nurse things along for the several more years required, but if Trump gets in that will likely trigger the 'crackup phase' due to the fragility of the system.
Remember what Trump said when asked about the US ever defaulting on its obligations? He said he'd negotiate with our debtors to get them to take a haircut, or words to that effect. Just what a fragile system needs to hear, the US President off handedly saying the US could default (along with such gems as the US leaving NATO, the US imposing steep tariffs against China, etc). Without trying, the Donald could singlehandedly induce a financial crisis even before his inauguration.
In that case they have to scramble and bring out the SDRs before the infrastructure / plumbing is ready, in other words 'wing it'. But according to Rickards, they've already been in full 'wing it' mode with QE, ZIRP, NIRP, etc. So should be some crazy times ahead..
