SDR

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Coming soon ? 

Yes or no ?

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I'll go for yes although I have no idea what I'm voting for. I'm just a wannabe brexiteer

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Thanks.

A clue = nothing to do with Brexit - more global than that.

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Aug 2, 2018 6:32:04 GMT sennockian69 said:

Thanks.

A clue = nothing to do with Brexit - more global than that.

The brexit reference was the fact that I did not know what I was voting for but voted for it anyway.

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So this is an admission that you don't know it all.   

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Judging by the lack of response, neither does anyone else. Google reveals two possible definitions, Software Defined Radio, and Standard Drawing Rights. Since the second was introduced by the IMF in 1969 one can only assume you mean the first or have some other definition of which Google is unaware.

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Daveu. What would happen if SDR's became the world's reserve currency instead of the $. A big change to money & world trade as we know it.

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Aug 4, 2018 9:43:17 GMT sennockian69 said:

Daveu. What would happen if SDR's became the world's reserve currency instead of the $. A big change to money & world trade as we know it.

My response was based on your saying "coming soon" when in fact they've been around for close to half a century. Wasn't aware, as I suspect most people weren't, of the possibility of them becoming the world reserve currency, and not being a financial expert I have no idea if the ramifications.

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4 possible world reserve currencies :

$
Gold
SDR's
Bitcoin ( Or other global approved cryptocurrency)

The problem with the $ is we are have trade wars as a result - we need something better.

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I'd never heard of them. The bit that makes me sigh is the fact that they went from 21bn in existence in 2009 to 204bn in existence in 2014. This was done to 'provide liquidity' in the wake of the financial crisis. In other words, just another form of fiat currency with nothing finite about it. When we need more just print more/invent more. I'll file them under I for inflation or H for hyperinflation with the pound, dollar, Euro etc etc

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Out of the two you named gold or bit coin sound the best to me because they are finite. You only get gold when a star explodes and I seem to remember reading that bitch in will be capped at 21bn

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Aug 5, 2018 4:59:57 GMT nws said:

I'd never heard of them. The bit that makes me sigh is the fact that they went from 21bn in existence in 2009 to 204bn in existence in 2014. This was done to 'provide liquidity' in the wake of the financial crisis. In other words, just another form of fiat currency with nothing finite about it. When we need more just print more/invent more. I'll file them under I for inflation or H for hyperinflation with the pound, dollar, Euro etc etc

This explains the bubbles in the prices of stocks and property. Those are two asset categories that benefited from QE (or grand money scheme program).   

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Aug 6, 2018 17:19:13 GMT sennockian69 said:

Aug 5, 2018 4:59:57 GMT nws said:

I'd never heard of them. The bit that makes me sigh is the fact that they went from 21bn in existence in 2009 to 204bn in existence in 2014. This was done to 'provide liquidity' in the wake of the financial crisis. In other words, just another form of fiat currency with nothing finite about it. When we need more just print more/invent more. I'll file them under I for inflation or H for hyperinflation with the pound, dollar, Euro etc etc

This explains the bubbles in the prices of stocks and property. Those are two asset categories that benefited from QE (or grand money scheme program).   

Exactly. I worry about my pension. I'd be better off if it was invested in dog biscuits or something!

Property could be slightly different depending on how you invest. If you are investing long term using rent to pay a mortgage then that is probably ok. If you are looking for capital appreciation then it is not so good. If you are reliant on capital appreciation then gulp!