I did not know until just recently. You should know, if you do not. And I guarantee you, if you believe at all in the pillars of limited government that America was built on, this will make the hairs on the back of your neck stand at attention. SDR stands for Special Drawing Rights (SDRs). Think of them as a security, similar to a treasury bond.
The value of SDRs is determined by a mixture of international currencies including the Dollar, the Euro, the Yen, and the Pound.
They are not considered currencies at this writing as it is not something you or I could buy and trade. Make no mistake, SDRs are a world currency. Since the economic meltdown began, SDR circulation has increased 100x.
As countries are quietly dropping their dollars, all the while professing their faith in the dollar, they are lapping up these SDRs. As countries are shedding their dollars, who do you think is suspected to be the largest investor in US treasuries? The Federal Reserve. Yes, it appears we are printing money to buy our own debt to keep the dollar on life support.
BUT, at the same time, we are also investing in the SDRs. The U.S. Treasury quintupled its supply of SDRs in August of 2009. Why would we do that? If we were indeed confident that the US dollar was going to be not only the world reserve currency but also in existence, why would we be investing so heavily in SDRs?
To anyone paying attention, it is more apparent by the days that the structure for a world governance is being set up all around us in broad day light. We are now witnessing the planned, pre-positioned fall of the Republic.
Obama Fan Fiction: the Hardball Series
14 hours ago