SDRs Gaining Steam in the Press

Thomas Griffith was quoted as saying, “The news is staged, anticipated, reported, analyzed until all interest is wrung from it and abandoned for some new novelty.”

We can thank China and now Russia for staging news regarding a proposed SDR global reserve currency. Of course the media is on it leading into the G20. Perhaps not as fanatically as one might have expected considering the subject matter, but they’re on it.

We’ll ultimately wait till after the G20 for any real developments. If China and Russia find a way to get the nations (specifically the US) focused on world reserve currency discussion, then the intensity of reporting on this matter could easily ratchet up.