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Posts Tagged ‘World Bank’

IMF Now Ready To Slam The Door On The U.S. And The Dollar

The IMF decision to possibly eliminate U.S. veto power and, thus, influence over IMF decisions may come as early as the first quarter of next year. All of these measures are culminating in what I believe will be a more official announcement of a dump of the U.S. dollar as world reserve currency & bring the BRICS into the SDR fold.

Wealth Inequality Is Not A Problem, It’s A Symptom

Wealth inequality still rises rapidly within America, and it doesn’t serve the people. So why does it happen, and why do we let it? Because the inequality that matters most is not wealth, but power. And we’ve been made to believe that we still have that power, but we don’t. It’s about the power we don’t have.

What The World Bank Actually Does

What is the World Bank, what does it do & why is it important for the BRICS to challenge its hegemony in the development & poverty reduction arenas? For answers, we need to examine both – the official history that it touts to the outside world & real history of its part in plundering the developing world that it is supposedly there to help.

BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks

The anti-dollar alliance – BRICS has successfully created the BRICS Bank with India as the first President, a so-called mini-IMF as part of a system of measures that would help prevent the harassment of countries that do not agree with some foreign policy decisions made by the US & their allies.Simply put, it’s game over for the dollar.

Gold Prices Higher On Slowing Global Economy and Geopolitical Tensions

Gold prices jumped last week when World Bank released its report regarding the global economy, slashing its global GDP forecast on weaker outlooks in the US & elsewhere. Gold prices have now hit their highest in nearly three weeks as escalating turmoil in Iraq and Ukraine resulted in fresh safe-haven buying.

World food prices rose in the first quarter of the year for the first time since their all-time high in August 2012, driven by rising demand in China, drought in the U.S. & unrest in Ukraine. According to the World Bank, internationally traded food prices increased by a sharp 4% led by wheat and maize, up 18% & 12%, respectively.

The World Needs China’s Leadership - Is China is ready for the Role?

For over 2 decades China has abided by “keep a low profile” strategy in foreign affairs. But now China is ready to take on a leadership role in international affairs, & the world will benefit from it. Not all would agree that China is ready for the role & several misconceptions should be addressed.

How To Dismantle the American Empire

United States would never tolerate another country building a string of bases around America, stationing thousands of its troops on its soil, enforcing a no-fly zone over American territory, or sending their fleets to patrol off our coasts. How much longer will others tolerate these actions by the US?

World Bank Ex-Chief Economist Calls For End To Dollar As Reserve Currency

Former World Bank chief economist Justin Yifu Lin warns that the dominance of the greenback is the root cause of global financial & economic crises. The solution to this is to replace the national currency with a global currency. Internationalizing the Chinese currency is not the answer, either.

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