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Re: gfp927z post# 106265

Thursday, 06/01/2023 4:25:47 PM

Thursday, June 01, 2023 4:25:47 PM

Post# of 110742
The IMF issued $650 billion worth of SDRs on August 23, 2021. Each country received an allocation proportional to its IMF quota.

Prior allocations:

SDR 161.2 billion was allocated on August 28, 2009.

SDR 12.1 billion was allocated in yearly installments in 1979–81.

SDR 9.3 billion was allocated in yearly installments in 1970–72 - the first SDR issue.


There is no mechanism for the IMF to issue additional SDRs to only one member, rather than all.

October 2021 the G-20 nations pledged to collectively donate (recycle) $100 billion of SDR to vulnerable nations, but so far not one single SDR has been offered.

Since that date it's become clear a lot of these "vulnerable nations" owe their debts to China which has made, what I would call the G-19, uninterested in their earlier pledge seeing this is debt China will need to forgive.


As the central bank of the United States economy, the Fed is far more robust than you're imagining.

We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.

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