Jim Rickards has been saying for at least a year now that the next stage will be IMF SDR's. These began in 1969 and are used by the IMF to 'help with liquidity'. The RBA website in commodities section measures commodities in SDR's, not USD. Look it up.
It is another unbacked, fiat, created from a computer, currency that countries use to buy USD for trade. It is the extension of the idea of the Euro. Jim talks about 'a basket of currencies and SDR's' as the short term 'fix'.
"Since Treasury gets #SDR denominated note for USD100B advance to IMF, does it mean Treasury is effectively going short dollars? Answer: Yes"
