It is quite possible that you have heard about SDR. It is also possible that you have not. If so, you probably know what this article will be about. If not, read on. Let’s take a look at what SDR is and what it means for the global currency.
Why it matters
The SDR can potentially replace the global currency. There are those who support it and those who do not. Biden and Yellen support SDR, and we are currently talking about 3 trillion SDRs. At the same time, Biden is considering 4 trillion. But why should this interest you at all?
What you can hear
SDR is nothing new. It is a basket of currencies that was created in the late 1960s to face the dollar crisis (the result of breaking away from the gold standard). It proved its use in 2009, when the SDR was paid to countries that needed money to rescue their national banks. It is basically helicopter money for those who need it.
What it could mean
We have been bringing you articles on inflation and hyperinflation for several months now. We have also covered the impact of the pandemic on the global economy in detail. These warnings still apply. You need to look beneath the surface and be careful where you put your money and whether it doesn’t just turn into worthless paper.
What you can do
While you may hear everything being fine and the markets are in great shape, it’s probably time to rethink where you put your money or how you invest. Cryptocurrencies can be an alternative for those who have money in shares. If you would like to learn something new and broaden your horizons, try our other articles.