Showing posts with label World Bank. Show all posts
Showing posts with label World Bank. Show all posts

Friday, May 23, 2014

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.

http://www.ft.com/intl/cms/s/0/961513b6-7bc7-11e1-9100-00144feab49a.html#axzz1qncOrXOu

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!

Monday, January 23, 2012

World Bank fears Europe's crisis could set off deeper global slump than Lehman collapse

When the World Bank starts scare-mongering before the Davos World Economic Forum, expect more QE.  That's just another natural law of human hubris and stupidity.

http://www.telegraph.co.uk/finance/financialcrisis/9023099/World-Bank-fears-Europes-crisis-could-set-off-deeper-global-slump-than-Lehman-collapse.html

Wednesday, May 18, 2011

World Bank Sees Dollar Reserve Status Ending Over Next Decade

http://www.zerohedge.com/article/world-bank-sees-dollar-reserve-status-ending-over-next-decade
This is not surprising: after all it is none other than World Bank president Robert Zoellick who recently predicted a return to the gold standard and an end to USD hegemony. Our advice to Bob: stay away from penthouse suites at the Sofitel.
Ha-ha.

Monday, November 8, 2010

World Bank President considers gold in overhaul of Bretton-Woods

This can't be. The World Bank, the financial bastion of old world economics is touting gold as a reference for currency values. The World Bank isn't some random group of lunatic fringe conspiracy theorists. Historically, they have certainly not been gold bugs--if anything, they have been anti-gold for decades. Now this:

http://www.bloomberg.com/news/2010-11-07/g-20-should-start-work-on-new-monetary-system-world-bank-s-zoellick-says.html

The development of a monetary system to follow on from 1971’s Bretton Woods II will take time, but it’s time to start, World Bank President Robert Zoellick writes in the Financial Times.

This week’s summit of the Group of 20 leading economies in Seoul presents a test of international cooperation offering an opportunity for a key group of G20 countries to agree on parallel agendas of structural reform, Zoellick writes.

The system should evaluate using gold as a reference point of market expectations about inflation, deflation and future currency values, Zoellick writes, noting that while textbooks may view gold as “old money,” markets use it today as an alternative monetary asset.

Is this a further sign the global, fiat-based currency system is on the brink of collapse? This announcement by the head of the World Banks is like the Pope declaring religion is dead.

Who still thinks gold is a "barbaric relic"--because "you can't eat it"? Try eating green paper, and see how that tastes.

Once more--Gold, bitchez!