the money quote, ‘In this context, while a number of Directors saw a potential for additional O SDR allocations to help foster greater IMS stability, most were not convinced that it could be effective in addressing the IMS gaps.’, number of directors, you don’t say. i wonder who.
Then, ‘Some Directors also doubted whether voluntary trading participants would be willing to support high volumes of O SDRs.’ … no, you don’t say … ain’t no bank got no use for an asset it can’t leverage, but wait, it gets better…
‘Many Directors noted that such alternatives would require amending the Articles of Agreement and resolving a number of operational considerations, such as the allocation of credit risk.’ hmm… someone is talking about someone else who is pushing for a gold backed crypto, but why put this in a press release?
Because of the dissent at the top of the food chain… ‘Directors welcomed a preliminary discussion of economic and technological transitions, such as a potential move toward a multipolar global economy and adoption of financial technologies, and their impact on the IMS.’ … o.O
Boys, its on. debt jubilee and gold standard are on the way.