What the heck are Special Drawing Rights (SDRs)? | ONE World

Join us in the fight against COVID-19: go.one.org/2UC...
Special Drawing Rights (SDRs) are key to a global economic recovery from COVID-19. But what the heck are they?
SDR's are a smart solution that has worked before, and will ensure that every country has a better chance to come out of this economic crisis. Let's make sure the IMF and it's member countries make this happen.
SUBSCRIBE to stay up-to-date on how you can help us end extreme poverty: / theonecampaign
BECOME A ONE SUPPORTER:
Website: www.one.org/join/
Twitter: / onecampaign
Instagram: / one
Facebook: / one

[@ONE]

Had you heard of SDRs before? Tell us if you think we explained the topic well.

[@dasgre0g]

I think this is a very accurate description, and it answers many of the questions a lot of people should have. Certainly they can do more research on their own but this is a great way to start explaining a topic very few people even thought of. Including myself

[@lmWeird]

So if it's not charity and it's coming off of our balance sheet, is it being printed out of thin air? If so we need to acknowledge the reprocusions of these SDRs. How's it being paid for? How much will this raise taxes? Is this loan sharking? What if they can't pay this money back? etc.

[@luddity]

Yes, IMF loansharking. One ring to rule them all.

[@BeReal918]

According to IMF, if the loan cannot be paid off, that country is declared "defaulto *excommunicado."*

[@timothywise9731]

I know, that’s what I was thinking. Not an informative video!

[@randor7969]

For those who are curious: "ONE is funded almost entirely by foundations, individual philanthropists and corporate partners."

[@agapheputrasusilo741]

This video doesnt explain SDR at all

[@majid7925]

Why are you so excited? Or is this for children?

[@brianbennett2397]

Why should the bulk fall on the USA? It sounds like those who have need to give to those who don't have. As usual.

[@giyguyyy]

I'm just starting to learn about the SDR (XDR) system, but I'd appreciate more information about why this isn't charity. When you say G20 governments give SDRs to poorer countries, is that basically a loan?

[@Soobaru]

Bingo

[@prominence29]

If 🇺🇸 give $18B worth of SDR to Russia and they decide to convert it to currency. How does 🇺🇸 back it up?

[@BeReal918]

Yeah great idea! Let the most productive countries pay the majority of the cost. Equity right? While we're at it, why pay CEOs who work 80hrs a week more than everyone else? Everyone should be paid the same regardless of their productivity. Got it! 👍 Thanks 😳🤡

[@CFodd01]

If you think this is unfair you are massively ignorant to any, ANY bit of history EVER. Do you know how all the HICs came to get their wealth? Slavery, ravaging resources from foreign lands, ruthless pursuit from TNCs to control governments to allow the best outcome for them and them alone (look at what banana companies did in Central America). To claim it is unfair that HICs are helping NEEs or LICs is spitting in the faces of those country's past and how we've exploited them. Also it is only typical of CEOs to work 40 hours a week (a general estimate from google) and let's not go assume that every CEO is a God among men, I've read so SO many first hand accounts of company's having record profits and then workers not even receiving bonuses and instead getting something like a Pizza Party like as if their workers are some school students.

[@omelevate460]

Informative! Hope it all works out for the better.

[@ONE]

Us too! Thanks so much for watching!

[@jesuschrist2268]

shill to give up your resources