by Patrick ➕follow (55) 💰tip ignore
The SDR expansion proposal has been circulating for years, lately under the pretext of aiding developing countries affected by the pandemic.Expanding SDRs would open the IMF’s front door to many more morally hazardous bailouts—even to oppressive and/or corrupt regimes.The potential SDR windfall for China could run into the hundreds of billions—and Beijing’s debt-trap diplomacy could continue apace.
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Biden betrays US
I do not disagree with anything Biden said in that clip. Term limits would go a long way to ending the Ho for Yo big donor owned politician.
Trump was opposed because the IMF's "SDR" currency undermines the US dollar.
Immediately after getting elected, Biden appointed Janet Yellin who immediately bent America over for China and yelled "Come and get it!"