CryoPort Inc (CYRX)

[tigertrader]

dog: You get it. It's ironic you bring up the Carter years, when the interest rate scenario was the polar opposite of today; short term rates at 21.5%, huge inverted yield curve, and 13.5% inflation. Ironic because, it was the last time SDRs were issued, and as you alluded to, they are being issued again, by the IMF, to the tune of $300 billion.
As you stated, emerging nations are concerned about the dollar, and it's continued role as the reserve currency, so they have created a new global currency, and a new central bank.(Have to wonder what is their TRUE motivation, though)
For the last 50 years, it's been the U.S. who has enjoyed the strongest economy in the world, but now the U.S. is going broke. So a substitute global reserve currency was created.
The problem with this scenario, is is it leaves the U.S. vulnerable, and renders the dollar just another currency. The Fed will have no choice but to raise interest rates to repatriate the dollars, and as I speculated they were doing the other day, sell gold. A continued rally in gold signals inflation, and a COLLAPSING dollar, and the Fed hates both of these occurrences, because it limits their ability to print dollars. But they have no choice, if they want to perpetuate the banking system, and the government has no choice because they have more debt than money to pay for it. There is no combination of growth and taxes that can fund that liability. They have panted themselves into a corner, and as you stated, it will eventually reach it's mathematical limit, and the bubble will burst, once again.