Last month, Zerohedge had an article called, "What Will Replace the Dollar?" I think it was written by a Brandon Smith. In it he went through some of the more common speculations on what will replace the dollar like the amero but his contention was SDRs, supposedly the currency of the World Bank/IMF, a basket of currencies, is the main candidate. He offered a link as food for thought. I clicked on the link and it took me to somewhere on the website for the United States Post Office. On the page was listed various costs of products of the USPS and their dollar equivalents in SDRs! I thought Hmmmmm.
It just so happened the same week I was traveling and looking on United Airlines baggage claim page. I was blown away. They stated they will not pay a claim for more than 1,000 SDRs!! They gave a footnote with a link for that day's conversion of the USD to SDRs which was something like .6434 SDRs for 1 US dollar.
I'm not sure what to make of this quiet information. Does it mean that if there was some emergency announcement of a replacement or default all our $$ would automatically be worth almost 35% less?
I wrote to some finance writer I have a nominal communication with and asked him what this implies. He told me it's nothing - invest in Home Depot.. But I find this strange.