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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Mongo's picture

Food for work... eh?

 

How about a pitchfork for each worker

spiral_eyes's picture

how about a new world order?

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. 

BobPaulson's picture

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

 

 

66Sexy's picture

i think thats the point of 'work for food'

 

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

LowProfile's picture

How about a pitchfork for each worker

I'll take a machete

savagegoose's picture

hmm the peasants are still restless,

time for ...

barely enough food for work

Yen Cross's picture

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

Misean's picture

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

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.

Misean's picture

"Plus it clears the sinuses."

So does a well placed pitchfork.

Yen Cross's picture

Little girls get egos. No harm no foul.

Yen Cross's picture

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

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. :>)

Note to self's picture

Ya think Erin Burnett reads this?

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?

TheGreatPonzi's picture

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

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.

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.

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

doomandbloom's picture

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

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.

 

 

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?

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?

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)

 

Attitude_Check's picture

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

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...

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.

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.

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...

 

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?

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).

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.

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!

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.''

Scarlo's picture

Go Freegold! Best idea since itself.

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?)

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

 

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?

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.

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.

slaughterer's picture

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