Sunday, November 7, 2010

Zoellick seeks gold standard debate

http://www.ft.com/cms/s/0/eda8f512-eaae-11df-b28d-00144feab49a.html#axzz14fOeJSk8


Well what's wrong with this picture?
Looks good on the surface, but on the under neath side of this reality, Zoellick is a Ben and Timmy butt buddy.
It's time to start looking over our shoulder now,
Coz something wicked walks this way.
His change of tune is eerie and has the hair on the back of my neck standing up.




Leading economies should consider readopting a modified global gold standard to guide currency movements, argues the president of the World Bank.

Writing in the Financial Times, Robert Zoellick, the bank’s president since 2007, says a successor is needed to what he calls the “Bretton Woods II” system of floating currencies that has held since the Robert Zoellickfixed exchange rate regime broke down in 1971