Sovereign debt reserves; let that sink in; is there ANY debt to the US treasury, in fact? Or, is it merely a meme to affirm a lie? Some of us know the truth; soon, everyone will; in peace
The first issuance of SDR denominated bonds in the Chinese market is being implemented by the World Bank. Let that sink in for a moment. The World Bank, the great bastion of the western banking elite, will be providing SDR bonds specifically for the Chinese market. This is a major defeat for all of those who repeatedly promoted the idea that wealthy interests within China were attempting to overthrow the western banking structure or implement a competing system.
A second issuance of SDR bonds will take place through the China Development Bank. The purpose of both issuances is multiform.
First, SDR denominated bonds will allow for the diversification of the currency composition of foreign exchange reserves. This will allow the governments of emerging markets, whose central banks have carried the bulk of US Treasury bond debt for decades, to minimize their exposure to the single currency Treasury Bonds and…
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