Categories: Money & The Economy

Is the Dollar Drawing Its Last Breath?

Perhaps a little alarmist, it’s probably a hoax video, but some underlying themes rate contemplation [Story Link].  The SDR as a replacement for the dollar, the huge increase in SDR reserves (1000%) [IMF Link].  I think that link is saying that the SDR will go from 21.4 to 204.1 billion between August 28th and September 9th of this year.  It is possible that they are only saying that it is making that increase since 1969, it’s just not that clear.

Anyone clear on of this is an indicator of more countries going to it as a reserve, or is SDE liquidity being increased for some other reason?

Rich Mitchell

Rich Mitchell is the editor-in-chief of Conservative Daily News and the president of Bald Eagle Media, LLC. His posts may contain opinions that are his own and are not necessarily shared by Bald Eagle Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and GETTR

Share
Published by
Rich Mitchell
Tags: IMF

Recent Posts

Tennessee House Descends Into Chaos As Dems’ Only Congressional District Is Eliminated In New Map

Tennessee Democrats melted down Thursday as lawmakers eliminated their only congressional district in a newly…

10 hours ago

CEO Trolls Rival By Using Their Platform To Fund His Attempted Takeover Of Company — But They Aren’t Amused

GameStop CEO Ryan Cohen trolled eBay board members Wednesday by selling goods on their platform…

10 hours ago

Americans May Be Stuck Paying Wartime Gas Prices Long After Iran Deal

Gas prices are unlikely to return to pre-war levels anytime soon, even if a U.S.-Iran…

10 hours ago

Virginia Democrats Want To Take Their State’s Anti-Gun Law Spree Nationwide

Democratic Virginia Sens. Tim Kaine and Mark Warner announced they were introducing legislation targeting the…

17 hours ago

The Harsh Reality Everyone’s Missing About Massive Lithium Find In Appalachia

The U.S. Geological Survey (USGS) dropped a headline-grabbing report last week touting a massive lithium…

17 hours ago

Marco Rubio, Pope Leo XIV Meet To Advance US—Holy See Partnership Despite Criticism By Trump

Secretary of State Marco Rubio met Thursday with Pope Leo XIV at the Vatican to…

17 hours ago