Full upvote here. This was very insightful.
I have been thinking about what the governments around the world planned to do during the next financial crisis. Somehow I have been sceptical about a total collapse because people (and states) most often figure out another way around the problem. SDRs might be their way of having the wheels keep on turning after a couple of months. But the trust in their currencies (including SDR) must suffer and free market cryptoassets WILL flourish.
Thanks for opening my eyes
Time to buy gold..
@ronni
Governments seem to exist in many cases, to keep the current group who are in power today, in power tomorrow. Governments don't want to see anarchy on the streets, in a total apocalyptic scenario with total lawlessness. Whoever has the most ammunition, firepower and biggest gang controls each block in every city and town. Largest majority of people don't want this type of lawlessness.
When governments offer to step in and "solve" the crisis with SDRs, the population will be overwhelmingly in favor of the scenario that "saves the day". Look what happened in 2008. Many of the actions of the US government, under Geitner and Bernanke were illegal, but they were still hailed as heroes.