(cont) On the SDR front, Rickards says the IMF is planning to roll out 1/2 trillion in SDRs (and the Dems want to make it $2 trillion in SDRs!), so the transition to the SDR is starting. But it might take years for the transition process, so I don't want to over-react and miss out if the stock market stays buoyant. But it's tough to have much faith in the way things are going. If Catherine Fitts is even half right, we're in serious trouble, but the timeline is the big unknown.
On the plus side, this SDR transition could turn out to be a very long process, and the stock market might just keep trucking along for years, fueled by the additional liquidity infusions. By using SDRs to increase global liquidity, they won't have to create as many new dollars, which might greatly extend the lifespan of the dollar reserve system. What they have in mind might be a hybrid system, a prolonged transition, and instead of 70% of the world's reserves being in dollars, it will be 50% dollars and 20% in SDRs. Enough to increase global liquidity, but not
enough to jeopardize the dollar's dominant reserve role. That could extend the dollar system for many years.
Rickards says that is what essentially happened between WW-1 and WW-2 -- the British pound had been the world's reserve currency prior to WW-1, but between the wars it became a hybrid system shared with the US dollar. The dollar took up the slack, and then after WW-2 took over the role completely. Perhaps we'll see a similar long transition this time, with the SDR gradually taking a bigger role. In that case, the dollar crisis and financial Armageddon can be averted. A slow transition like that would also allow plenty of time for the all digital/cashless money transition to occur, and also the gradual adoption of a Chinese style 'social credit score' system, which is another key globalist goal. All these changes will take time, so the incremental SDR/dollar transition might be their preferred plan.
Of course on the other hand, it might just be wishful thinking on my part. Fwiw, the allocation limits I originally came up for stocks has been 20% minimum, 50% maximum, so 35% would be a neutral allocation. The idea that the arrival of the SDR could actually prolong the dollar system, this is something new to figure into the equation..
