Sunday, April 1, 2012

Zoellick throws support behind Brics bank

This is a sure sign emerging economics don't want to be burdened by a decrepit USDollar any longer.  They understand a debased currency when they see one--in fact, all they need to do is look into their own countries' respective histories of currency debauchery.  It's also why the US can't wait for outgoing World Bank President Robert Zoellick to exit already.  The truth is a bitch.

In a rare moment of central bank candor, Zoellick two years ago suggested the world should re-examine a return to a form of the gold standard (click here).  Blasphemy, I tell you!

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