SC, Rickards has had 3 best sellers ('Currency Wars', 'The Death of Money', and 'The New Case for Gold'), and he does have a subscription newsletter, but I haven't seen him talking that way about Sept 30. Just curious if you have a link? Thanks.
The yuan will enter the SDR basket in September, but they delayed its inclusion from Fall 2015 until now to allow time for central banks to re-deploy their reserves to conform with the new percentages. It meant buying yuan and selling dollars, Euros, yen, pounds (mainly dollars), but they spread the transactions out over the past year to minimize any shocks to these currencies.
However the yuan will now be viewed increasingly as a bonafide reserve currency, and this inclusion into the SDR is just the beginning, a key prerequisite toward the eventual adoption of the SDR as the world's reserve currency, to replace the current US dollar dominated system.
The 'de-dollarization' of the world has been going on for some time, with countries (BRICS) increasingly using their own currencies for trade between themselves, instead of using the dollar as was the case before. The big danger is when the dollar is abandoned for oil transactions. Saddam Hussein tried to abandon the dollar and was removed by the US. Gaddafi tried to institute a gold dinar system and was removed by the US. Iran and Russia started selling their oil to China for yuan, and the US imposed sanctions on Russia and Iran. With the Brexit, the UK basically left the EU in favor of a broad alliance with China,
Could the Saudis be the next to jump ship? If so, the petrodollar system is finished, and with it the dollar reserve system. So what does the US do to maintain control? War, or a preemptive crisis to transition to the SDR before things come unglued on their own?
News 
Market Data 
Discover 
AI
