Ombow, The SDR is not 'backed' by those 5 currencies (dollar, euro, yen, yuan, pound). Those 5 currencies are merely used to determine the value of the SDR at any given time, based on a ratio for each of the 5 currencies -
Dollar - 41.73%
Euro - 30.93%
Yuan - 10.92%
Yen - 8.33%
Pound - 8.09%
The SDR is actually just another unbacked fiat currency. It's also debt-based, ie is lent into existence at interest (usury). Governments of the world have the ability to create their own money without any debt attached, but they gave up that ability long ago to a cartel of private banking families.
The Federal Reserve was modeled after the Bank of England, and is a privately owned cartel with a monopoly on lending money to the US government, money that the government could otherwise just create for itself for free. If this sounds totally a$$ backwards, that's because it is. It's the biggest swindle in history, but much worse than that because the entity that controls this system very quickly gains control over the entire country's economy and its political leaders.
Getting back to the SDR, Jim Rickards thinks they'll likely need to partially back the SDR with gold to gain trust, since it will enter the picture as a replacement for the collapsed US dollar. He says no central banker wants a gold standard but they may have to have one with the SDR, at least in the beginning. The advantages of the SDR system will be huge for the financial elites, and will complete their dream of total global control -
One World Order
One World Money
One World Taxation
