01/31/1962
https://www.presidency.ucsb.edu...
"The single most important thing that was done to save the world economy... was your decision to implement a foreign currency swap line."
"But the money will need to be paid----"
"Well, when China comes to redeem its SDRs and says, 'We want dollars,' where do you think we are going to get the money? We are going to borrow it."
"the Biden administration's plan--and it is your plan--to require the IMF to issue $1 trillion of these SDRs, new SDRs, is going to cost the American taxpayer about $180 billion."