We are at a point where SBD is below 1 USD, and the external debt ratio is over 10%, therefore there is no new SBD being printed,
This is not accurate, SBD is still being printed via the SPS (Steem Proposal System) so the failsafe that stops the printing was effectively removed in the last hardfork.
If we want the SPS to keep paying in SBD instead of STEEM then it is my opinion that we need to introduce a blockchain rule that stops the SPS from printing SBD and instead buys it from the internal market if the debt ratio is above a certain threshold.
https://steemit.com/steem/@onthewayout/how-to-fix-the-sbd-peg
RE: How SBD peg actually works OR How the @sbdpotato conversions won't affect SBD price