https://www.federalreserve.gov/data/intlsumm/current.htm
The question then remains, what would happen when it comes time to pay the piper?
I am firmly of the OPINION that the response to a real global economic shit storm will be to bail out entire nations and their central banks. And I am firmly of the OPINION that this will be done by the IMF using SDR’s.
Remember when the governments had to bail out the banks? Well who bails out the government next time? The IMF.
How do they do it? SDRs.
So I wonder why the Fed suddenly own $164B worth of em.
TLDR?
The Fed is quietly loading up on an international currency that will be used to bail out the world after the mother of all shit storms.
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