Wednesday, March 11, 2015

The New SDR Basket

Here JC Collins asserts that there will be 7 currencies in the new SDR basket, and that China will partially back the RMB with gold, before de-pegging from the USD. This is probably what Jim Willie has been talking about, but it seems he only has half of the picture:

Personally, I find it deeply depressing that these international bankers are able to manipulate their way to these global changes, using an 'ends justify the means' approach, and it doesn't fill me with calm knowing that, at the end of the day, they will still be in charge.

All I can do is keep track of what they're up to on this blog.

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