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Watch World Bank President Robert Zoellick Discuss The Future Of The Monetary System Live

Tyler Durden's picture




 

World Bank president Robert Zoellick is currently speaking live on Reuters Newsmaker, and is discussing numerous topics related to the future of the monetary system, notable among them most likely being the fate of the dollar, and whether or not he still stand behind his recent statement that a return to the gold standard is needed for the world.

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?
  • Can and should the Bank define its goals and mission in 2011 in a
    way that makes it more approachable by the average person? No one on
    this planet is unaffected by the work of those associated with the World
    Bank and it would seem this is clearly evident by what has occurred in
    the Middle East.
  • What do you think about the possibility that there will be a new
    currency soon? If so, will that be the start of the biggest commercial
    crisis in the history of  the U.S.? And, if so, what are the
    consequences for the people?
  • What is [the World Bank] doing to help prevent the next global financial meltdown?
 

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Wed, 04/06/2011 - 14:49 | 1142108 Mongo
Mongo's picture

Food for work... eh?

 

How about a pitchfork for each worker

Wed, 04/06/2011 - 14:56 | 1142140 spiral_eyes
spiral_eyes's picture

how about a new world order?

Wed, 04/06/2011 - 15:33 | 1142301 66Sexy
66Sexy's picture

'Food for work'... to eliminate the discretionary spending habits of labor.

All as the value of your labor steadily goes to zero, in a corporate and banking captured world.

Does that sound like empowerment or a solution to you?

 

Food for Work sounds like the ultimate DISEMPOWERMENT agenda. To remove the power that people have to live for themselves. 

Wed, 04/06/2011 - 15:43 | 1142393 BobPaulson
BobPaulson's picture

We had that system before about 1000 years ago. It works great if your name starts with "Lord..."

 

 

Wed, 04/06/2011 - 15:32 | 1142320 66Sexy
66Sexy's picture

i think thats the point of 'work for food'

 

so the peasants cant buy guns... or even assets.

Wed, 04/06/2011 - 15:51 | 1142432 LowProfile
LowProfile's picture

How about a pitchfork for each worker

I'll take a machete

Thu, 04/07/2011 - 01:59 | 1144365 savagegoose
savagegoose's picture

hmm the peasants are still restless,

time for ...

barely enough food for work

Wed, 04/06/2011 - 14:52 | 1142116 baby_BLYTHE
baby_BLYTHE's picture

Gold, bitchez?

Wed, 04/06/2011 - 15:01 | 1142160 Yen Cross
Yen Cross's picture

Don't ever call me a bitch! I'll put a TiTanium pitchfork through your ass!

Wed, 04/06/2011 - 15:10 | 1142199 baby_BLYTHE
baby_BLYTHE's picture

Not before I hit your junk

http://www.youtube.com/watch?v=P_7HVcYjM3Y

Wed, 04/06/2011 - 15:14 | 1142231 Yen Cross
Yen Cross's picture

You'll be postumas in that thought! Guaranteed!

Wed, 04/06/2011 - 14:54 | 1142118 Misean
Misean's picture

How do I tell him to go F**k himself?

Wed, 04/06/2011 - 14:58 | 1142150 gordengeko
gordengeko's picture

+33

Wed, 04/06/2011 - 15:02 | 1142158 Cognitive Dissonance
Cognitive Dissonance's picture

You just did. Rest assured that all the movers and shakers read Zero Hedge for the truth. Even the professional liars need a dose of truth at times to stay grounded. For the truly sociopathic I'm certain reading Zero Hedge is hilarious, even invigorating. Nothing better than to watch your victims squirm in their helplessness.

Plus it clears the sinuses.

Wed, 04/06/2011 - 15:03 | 1142180 Misean
Misean's picture

"Plus it clears the sinuses."

So does a well placed pitchfork.

Wed, 04/06/2011 - 15:20 | 1142256 Yen Cross
Yen Cross's picture

Little girls get egos. No harm no foul.

Wed, 04/06/2011 - 15:24 | 1142275 Yen Cross
Yen Cross's picture

What is it you sell exactly CD? Cognitive Dissonance implies some sort of influence. Perhaps a EURO @ 146?

Wed, 04/06/2011 - 16:43 | 1142661 Cognitive Dissonance
Cognitive Dissonance's picture

I'm a sex worker aka a broker. But I'm a high class sex worker, meaning a CFP™.

I still guzzle, only now I'm well compensated. There are financial whores and then there are Financial WHORES. I'm the later. There is a difference you know. :>)

Wed, 04/06/2011 - 15:56 | 1142453 Note to self
Note to self's picture

Ya think Erin Burnett reads this?

Wed, 04/06/2011 - 16:36 | 1142637 Cognitive Dissonance
Cognitive Dissonance's picture

I think she stopped after Robo no longer referred to her as "B" cup. Or just stopped referring to her entirely.

For that matter, where is Robo since Gold went through resistance?

Wed, 04/06/2011 - 19:16 | 1143254 CPL
CPL's picture

Counting copper pieces?

Wed, 04/06/2011 - 14:54 | 1142125 TheGreatPonzi
TheGreatPonzi's picture

"World bank" sounds strangely like "World government"... 

Wed, 04/06/2011 - 15:27 | 1142311 CPL
CPL's picture

Here's the memo...just google news world bank and it becomes clear they've been running it all for a while.

Wed, 04/06/2011 - 14:56 | 1142126 tek77blu
tek77blu's picture

Bob Chapman says all these guys are going bankrupt: http://www.youtube.com/watch?v=uDkT8_4tnis

Oh yea, and that they all want to initiate world government.

Wed, 04/06/2011 - 15:38 | 1142357 baby_BLYTHE
baby_BLYTHE's picture

Love Bob Chapman.

Yesterday's Ron Paul interview on Alex Jones was brief, but especially good! (as he talked about things not often brought up in other interviews)

they discuss the future world monetary system, IMF, World bank, New World Order... and that he will announce his presidential bid next month!

http://www.youtube.com/watch?v=-5lDIaBuQFY

Wed, 04/06/2011 - 14:54 | 1142128 doomandbloom
doomandbloom's picture

new currency..hmm...thats something the IMF have been proposing for some time now

Wed, 04/06/2011 - 15:01 | 1142157 GottaBKiddn
GottaBKiddn's picture

A New World Order currency system, that is so pervasive it would make the Squid blush? Nah. It couldn't happen here.

 

 

Wed, 04/06/2011 - 15:02 | 1142164 Cdad
Cdad's picture

Perhaps, Bob Zoellick can say something that will halt the effect of gravity on Apple.  Yesterday, the BlowHorn [CNBC] announced a rumor that the Iphone 5 might come out early.  Odd, because it seems pretty clear that Apple is having supply chain issues.  Where would a rumor like that come from?  The criminal syndicate known as Wall Street?  To be broadcast over the BlowHorn?  No.

Apple is down 4 tenths of a percent.  Shouldn't a circuit breaker kick in or something?

Wed, 04/06/2011 - 15:33 | 1142341 Cdad
Cdad's picture

Seriously, man...where is the Apple circuit breaker?  This stock is not supposed to fall like this.  Where is the mandatory criminal syndicate Wall Street banker bounce to correct the situation?

Wed, 04/06/2011 - 15:20 | 1142188 TomGa
TomGa's picture

 

Zoellick - MENA devoid of any redeeming assets other than oil and gas. It has been left behind.

Now there's a surprise. Back to herding goats and raising chickens as the oil runs out. (/sarc)

 

Wed, 04/06/2011 - 15:46 | 1142404 Attitude_Check
Attitude_Check's picture

Unless these countries change their policies, and societal direction, sadly for them he is right.

Wed, 04/06/2011 - 18:39 | 1143123 Seer
Seer's picture

The laugh is on the "advanced" nations.  In those "other" nations, the oil and gas ones, it's only the really wealthy that live at higher standards; which means that as their oil and gas runs out it'll be pretty much (back to?) normal for the majority of people.  For the "advanced" nations sucking down all that oil and gas?  FUCKED!

Nothing like stupid liberal thinking to fail to grasp the real meaning of sustainability (thinking that it means driving SUVs, sucking down lattes and poking away at iPods).

And for all those out there who think that raising chickens and goats is easy (making a living/profit from), guess again.  Most of these people could run circles around all the "advanced" iPod people...

Wed, 04/06/2011 - 21:34 | 1143686 TomGa
TomGa's picture

Yep, I agree with you.  Not many people in the advanced societies know how to farm or raise their own livestock once the local Whole Foods shuts down.

 

Should have said that the MENA ECONOMIES revert back to chickens and goats as the primary GDP growth drivers as the oil runs out.

Wed, 04/06/2011 - 15:11 | 1142192 BennyBoy
BennyBoy's picture

Goldman et al are telling Bobby Z what to say. Same with the turds at the IMF economic hit team.

They don't need no stinkin, world government, they already rule the world governments. "Cept for Ven, Iran and N. Korea. The "Axis of Evil".

 

Beer, it's the new coffee. Visit StarBeers.

Wed, 04/06/2011 - 15:16 | 1142234 baby_BLYTHE
baby_BLYTHE's picture

Newt go-pac tick Gingrich wants to "finish off" the axis of evil, now that we have taken down Iraq.

There was an Axis of Evil, Iran, Iraq, North Korea. Well we’re one out of three. And people ought to think about that. If Bush was right in January of 2002 — and by the way virtually the entire Congress gave him a standing ovation when he said it — then why is it that the other two parts of the Axis of Evil are still visibly, cheerfully making nuclear weapons? And it’s because we’ve stood at brink, looked over and thought, “Too big a problem.

http://www.dailypaul.com/141295/newt-gingrich-suggests-taking-out-the-re...

 

Wed, 04/06/2011 - 15:29 | 1142310 InconvenientCou...
InconvenientCounterParty's picture

Clearly GWB had the right idea. He got interrupted before he could attack, (x) nuke (y) and streamline the government of (z).

that just feels right, don't it?

Wed, 04/06/2011 - 18:44 | 1143145 Seer
Seer's picture

As long as that big pile of Puss Newt goes first into battle, then sure...

Why is this guy still alive?  One of the world's greatest hypocrites, always attacking government spending when it was he who managed to get more pork for his district than any other (except D.C., but that's the collective vipers' den).

Wed, 04/06/2011 - 21:41 | 1143722 living on the edge
living on the edge's picture

baby_BLYTHE,

The axis of evil truly exists. It has spread evil and destruction throughout the entire world. It now has the destruction of America in sight. To late to stop it now. The true axis of evil is Washington DC, New York City and London.

Wed, 04/06/2011 - 22:39 | 1143875 baby_BLYTHE
baby_BLYTHE's picture

it just sucks I have/had to grow up through all this...

So depressing!

and the GRAND collapse is yet to come!

Wed, 04/06/2011 - 15:13 | 1142220 The_Euro_Sucks
The_Euro_Sucks's picture

Tyler,

Zoellick did not propose a return to the goldstandard. He proposed to use gold as a REFERENCEPOINT.

http://www.markets247.com/robert-zoellick-use-gold-as-a-reference-point-...

He already stated he did not want to return to a goldstandard.

"I don't believe you can return to a fixed exchange rate system and that is the gold standard,"

http://www.miningmx.com/news/gold_and_silver/Zoellick-no-gold-standard-b...

...described the metal as "the elephant in the room" that policymakers needed to acknowledge.''

Wed, 04/06/2011 - 15:39 | 1142365 Scarlo
Scarlo's picture

Go Freegold! Best idea since itself.

Wed, 04/06/2011 - 15:41 | 1142389 nuinut
nuinut's picture

Tyler is doing a good job via his published submissions and his own analysis of appearing to not see any difference between a gold standard (Keynes' Barbarous Relic) and Reference Point Gold (previously telegraphed by Zoellick himself, as per your link), thus remaining woefully behind the curve in this instance.

 

What's the story Tyler?

Do you truly not differentiate between the two, or do you have another agenda, perhaps one you are trading even? (like silver?)

Wed, 04/06/2011 - 17:16 | 1142783 Mr Pinnion
Mr Pinnion's picture

I too am puzzled by this bizzare missunderstanding on tylers part.It s not like it s rocket science.Freegold is obviously not the gold standard.

Tyler and his merry men are too much of a set of brainiacs notto get it.

So , like you said.What gives?

Side note...Peter Schiff, the logic god of being right all the time claims not to understand the freegold idea.

This leads me to the only logical conclusion that these titans of common sense have been warned off the subject by TPTB....possibly.

Regards

Ozzy

 

Wed, 04/06/2011 - 19:15 | 1143253 Wascally Wabbit
Wascally Wabbit's picture

I was hoping to see something like this in the comments. Central bankers have a history of introducing new currencies by promising to tie it to a "gold exchange standard" or using gold as a reference point.  

"I don't believe you can return to a fixed exchange rate system and that is the gold standard,"

Under a real gold standard, doesn't the fixed rate decrease to reflect population growth or am I mistaken? How exactly is population growth calculated into the equation w/ a 100% gold std?

Thu, 04/07/2011 - 01:01 | 1144283 nuinut
nuinut's picture

How exactly is population growth calculated into the equation w/ a 100% gold std?

It's not.

I'm sure someone can give a ridiculously complicated formula explaining that it is, but it's bullshit.

The gold standard is a scam, allowing others access to surplus value they had no hand in creating (let's just call it misappropriation), which I covered most recently here: It's the Value, Stupid.

Gold as a reference point, on the other hand, is a completely different proposition, which I also covered in the same essay.

My comment above alludes to the fact that Tyler appears not to differentiate between the two... but we assume he is smart; so either he has another agenda, or this assumption is erroneous.

Wed, 04/06/2011 - 15:20 | 1142243 Hephasteus
Hephasteus's picture

Perpetual motion fucknuts. Looking for free labor. Sacrifices on altars. Force of will without resistance.

Burn the fuckers. Use the heat to generate steam. Use the steam to run saws and drills that cut their nuts off and drill holes in their head.

Write a permission slip to fuck off.

Give them permission to starve.

Write them a license to die.

Give them everything they've given us.

Put them in chains and enslave them.

Enter into contract with them. Demand half payment up front. Then walk away.

Wed, 04/06/2011 - 15:30 | 1142317 InconvenientCou...
InconvenientCounterParty's picture

general strike.

Wed, 04/06/2011 - 16:43 | 1142662 Broder_Tuck
Broder_Tuck's picture

yes, yes and yes

Wed, 04/06/2011 - 15:18 | 1142253 slaughterer
slaughterer's picture

I think I heard Hatzius whisper something to Zoellick off camera when he could not remember the script.

Wed, 04/06/2011 - 15:32 | 1142328 InconvenientCou...
InconvenientCounterParty's picture

I think he said "speed it up."

http://www.youtube.com/watch?v=QTcL6Xc_eMM

Wed, 04/06/2011 - 15:34 | 1142339 buzlightening
buzlightening's picture

It's the New Wealth Order from the old bankster fraudsters! Peons get shit paper for a monetary system rather than sound money gold/silver.  Heaven forbid the beast couldn't grind our bones 24/7 to make rat bastards bread daily. Rope a dope western justice for traitors who have turned the fiat USD in to worthless benron bucks!

Wed, 04/06/2011 - 15:44 | 1142394 falak pema
falak pema's picture

Zoellick is like his IMF counterpart, he works for the Oligarchy. Period. What he sells is wind, like a false god of progress.

Wed, 04/06/2011 - 16:31 | 1142399 samsara
samsara's picture
Carroll Quiqley on the Central Banks   The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences."

"The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank . . . sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

-- Carroll Quigley, "Tragedy and Hope", 1966, pg 324                                           If you want to understand, it may be a place to start.                                         http://www.amazon.com/Tragedy-Hope-History-World-Time/dp/094500110X

Wed, 04/06/2011 - 15:53 | 1142439 Fix It Again Timmy
Fix It Again Timmy's picture

NWO? Riiight - look how it's working for Japan...

Wed, 04/06/2011 - 16:11 | 1142542 Drachma
Drachma's picture

Thus spoketh Zoellick son of Moloch.

Wed, 04/06/2011 - 16:52 | 1142702 TruthInSunshine
TruthInSunshine's picture

The World Bank & IMF told Bolivians that they could not catch raindrops to use as water, as those rain drops were being confiscated, when their government defaulted on a loan package.

These are the kind of people you're looking at with these IMF & World Bank scum.

FRONTLINE/WORLD . Bolivia - Leasing the Rain

They're dead if they ever set foot on U.S. soil and the people who know what they're all about find out.

I'm not talking protests. I'm talking much more.

This is why they're afraid of the United States. We're the only developed nation standing that is armed to the teeth and quite attached to our instrumentalities of self-determination.

Wed, 04/06/2011 - 17:04 | 1142751 reader2010
reader2010's picture

A population got armed to teeth? I wonder how many less Americans can get by without having to rely on food-stamps today? How many own M1A tanks, biological weapons, missiles, Blackhawk gunships, and nuclear weapons? Have you noticed all Interstate highways are starting to have high center walls? What are those for?

Wed, 04/06/2011 - 19:52 | 1143325 Seer
Seer's picture

If the terms of a deal aren't acceptable then WHY would one sign?  It appears to have been pretty clear to the Brazilian "negotiators."  I'm not excusing the IMF or World Bank on any of this, it's just that the Brazilians need to hang THEIR OWN for signing up for this deal!

EVERY country/government will eventually get squeezed.  Only one will remain in the end, and then it too will fall.

Poeple need to quit complaining about getting burned when they decide to dance with the devil...

Wed, 04/06/2011 - 21:02 | 1143599 Vendetta
Vendetta's picture

I loathe the WTO, world bank and IMF and consider them deadly enemies of the state.  That is all I have to say about them.

Wed, 04/06/2011 - 22:13 | 1143804 Element
Element's picture

Every country is armed to the teeth, and every population. If you're commited to change we need, then a crowd with mere kitchen utensils can change the world.

As a mate from Papua once told me, in the end, the low-brow guys with the primal scream and the axe will defeat us, no matter what guns we carry.

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