YouTube
February 10, 2013
Former World Bank president James Wolfensohn discusses the future of the global economy.
|
||||||
    |
World Bank President Jim Yong Kim has warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world. In his first public speech since taking the helm of the World Bank on July 1, Mr Kim said even if the eurozone crisis is contained, it [...] by WashingtonsBlog If China Backs Its Currency with Gold, It Could Have Profound Effects for Investors … and Consumers Larry Edelson – – writes today: I know for a fact that Beijing wants its yuan to eventually become a gold-backed currency, much like the Swiss franc was originally. Backing the yuan with some gold will certainly help it become a major international currency. Edelson is a financial adviser who travels frequently to Asia, a former high-volume [...] Food critic Albert Sonnenfeld was overheard discussing his son-in-law’s career at a communal table in trendy New York eatery Bar Boulud It comes as little surprise that U.S. Treasury Secretary Timothy Geithner may [...] The World Bank’s quota system for leaders Uri Dadush and Moisés Naím The scandal over the repellent way the World Bank president is appointed has obscured an equally scandalous situation: the appointment process of the rest of the senior managers at the bank and the International Monetary Fund (IMF). They too are selected through opaque, quota-driven negotiations that are a far cry from the meritocracy these two institutions claim [...] From FT: Calls to fundamentally change the way governments appoint the heads of the International Monetary Fund and the World Bank have been growing louder in the past decade, and rightly so. But these demands for a merit-based process have failed to overcome America’s and Europe’s grip on a feudal entitlement that suits their interest but is unquestionably outdated and harmful. Now that it is time to select a new World Bank [...] From FT:
China has said that the next World Bank president should be chosen on merit, seeking to challenge a tradition that the bank’s chief be a US citizen, though it did not suggest a candidate. Robert Zoellick said on Wednesday that he would step down in June at the end of a five-year term as bank president. Speculation has focused on Hillary Clinton, US secretary of state, and Larry Summers, former White House [...] AP/Washington Post BEIJING — China, the world’s second-largest economy, said Thursday the next World Bank president should be selected on merit, going against a tradition that dictates the bank’s head is an American. World Bank President Robert Zoellick said Wednesday he will step down on June 30 at the end of a five-year term, during which he led the bank’s response to the global financial crisis. Foreign Minister spokesman Liu Weimin [...] (Reuters) – World Bank President Robert Zoellick said on Wednesday he plans to step down when his term ends on June 30, raising questions whether the United States will insist on holding on to a job that has always gone to an American. “I’m honored to have led such a world class institution with so many talented and exceptional people,” Zoellick said in a statement announcing his plans. Speculation has been rife [...] http://www.youtube.com/watch?v=6a0zhc1y_Ns Former World Bank President: Big Shift Coming Keiser Report: Economics of Suicide (E237) http://www.youtube.com/watch?v=PpEuzBmfH3g China gets Cheap Silver and Gold.. over night long, day time short.. FACT! and China gets cheap oil! after American dollars took China Vertical from a horizontal backwards farm nation.
America has shipped how many millions of manufacturing jobs to China?
America provides cheap gold to china.
America Provides cheap energy to china.
and America still is China’s largest importer of cheap trinkets..
so [...] By News Wires (text) REUTERS – Plans to tackle the euro zone debt crisis have stalled with Paris and Berlin at odds over how to increase the firepower of the region’s bailout fund, French President Nicolas Sarkozy said on Wednesday. Sarkozy told French lawmakers the dispute was holding up negotiations and flew to Frankfurt to talk with German Chancellor Angela Merkel in an attempt to break the deadlock ahead of a make-or-break European [...] From CNBC: Instead, another financial pandemic, similar to or worse than the 2008 calamity, would infect multiple parts of the world, and particularly those emerging economies that are being counted on as the main drivers in the global growth engine. That contagion problem, as much as anything, is what keeps global policy makers awake at night. World Bank President Robert B. Zoellick warned of “the looming danger that [...] Sept. 20 (Bloomberg) — World Bank President Robert Zoellick talks about the outlook for the U.S. economy, the European debt crisis and signs of its impact on the global economy and markets. Zoellick speaks on Bloomberg Television’s “InBusiness with Margaret Brennan.” (Source: Bloomberg) Original source From WSJ: World Bank President Robert Zoellick warned that Europe can’t count on cash-rich emerging nations like China and Brazil to come to the euro zone’s aid and said European leaders needed to make fundamental decisions about the direction of the currency union. “There’s no silver bullet. There’s no panacea,” Mr. Zoellick said in an interview on Friday while European finance ministers were meeting in Poland. “Nobody [...] The president of the World Bank has warned that the world is “one shock away from a full-blown crisis”. Robert Zoellick cited rising food prices as the main threat to poor nations who risk “losing a generation”. He was speaking in Washington at the end of the spring meetings of the World Bank and International Monetary Fund. Meanwhile, G20 finance chiefs, who also met in Washington, pledged financial support to help [...] by ZH Here are some queries already lined up in the queue for Zoellick: Is it possible for the World Bank to be more proactive in its initiatives and less reactionary as the globe deals with a growing maturity with respect to the rights of individuals? by Andrey Dashkov of Casey Research A Comeback for Gold-Backed Money? Several legislative initiatives caught our attention recently. All of them are related to the monetary role of gold and range from proposals to return to the gold standard, to minting gold and silver as an alternative currency, to having all state transactions carried out in gold and silver coins, to permitting citizens to run their own mints. Do these [...] by Zh The president of the World Bank has dared to be the first among the institutional elite to point out that the cotton in the emperor’s clothes, were he to be clothed in the first place, would have surged by 100% in less than a year. According to AP: “World Bank President Robert Zoellick says global food prices have hit “dangerous levels” that could contribute [...] by Saxplayer00o1 END THE FED! (InflationUS Video) 1) ADB official: appropriate to look at currency basket “(Reuters) – The world should examine whether using a basket of currencies is more appropriate than the current system with the U.S. dollar as the single reserve currency, a top Asian Development Bank official said on Monday. “The economic centre of gravity is shifting and it is shifting to Asia. So we have to [...] by ObaMao http://www.ajc.com/business/finance-leaders-fail-to-671451.html WASHINGTON — Global finance leaders failed Saturday to resolve deep differences that threaten the outbreak of a full-blown currency war. Various nations are seeking to devalue their currencies as a way to boost exports and jobs during hard economic times. The concern is that such efforts could trigger a repeat of the trade wars that contributed to the Great Depression of the 1930s as country after country raises projectionist barriers [...] |
Custom Search
|
||||
|
Copyright © 2013 InvestmentWatch - All Rights Reserved |
||||||
