Thinking about possible timeline scenarios for 'the great unravelling', it's possible that a big dollar to SDR transition crisis isn't the plan at all. I wonder if instead the plan might be to have a hybrid world reserve currency for an extended period, possibly for decades. They could use the SDR to gradually bolster the existing dollar reserve system, and thereby extend its lifespan almost indefinitely.
This would make a lot of sense since to actually de-throne the dollar reserve system and simultaneously replace it with the SDR seems extremely risky, and would likely involve a wrenching and dangerous period of intense crisis, which could spin out of control. On the other hand, if the plan is for a gradual transition to a shared dollar/SDR co-reserve system, the huge benefits of the existing dollar reserve hegemony would continue uninterrupted, and the SDR could be gradually ramped up to supply additional global liquidity, thereby taking the pressure off the dollar system.
Anyway, this strategy would make a lot of sense. New SDR allocations by the IMF can gradually be issued over time, in amounts that aren't so large/rapid that it undermines global confidence in the dollar reserve system. China/Russia will be fine with the greater SDR role since they'll see it as a reduction in dollar/US hegemony.
Meanwhile, each country/region in the world will be adopting their own CBDC/Central Bank Digital Currency for domestic use. The dollar/SDR combo will be the reserve system for the world's central banks.
Rickards talks about the gradual transition from the British pound to the US dollar, which occurred in the period between WW-1 and WW-2. For the two decades between the wars, the pound and dollar shared the world's reserve role, and the dollar actually extended the viability of the pound. Now that the dollar is in trouble, the SDR can be similarly be used to extend the dollar's viability.
This strategy also fits in with the gradual nature of other globalist goals, like CBDCs, electric everything, AI, smart grid, smart cities, etc.
