Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your loans, guys and gals, because we are going into a high interest rate period. Very high. It will be the equivalent of going into the double digit interest rates we had in the 80s where many people threw their house keys at the bank and we had record numbers of ba

Read More

E-cigarettes save lives, money

E-cigarettes save lives, money

"We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Whe

Read More

US inches closer to big bank charges

US inches closer to big bank charges

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting

Read More

Canada’s home sales top predictions; why a real estate crash is inevitable

Canada’s home sales top predictions; why a real estate crash is inevitable

“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.” Our website is back after many months of

Read More

Comparing today’s recession/depression to the 1980 recession

Comparing today's recession/depression to the 1980 recession

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

Read More

Why savers are getting screwed

Why savers are getting screwed

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

Read More

Geithner admits USA bankrupt to US Senate

Geithner admits USA bankrupt to US Senate

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

Read More

World economies on verge of currency revaluations to deal with debt

World economies on verge of currency revaluations to deal with debt

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford Basically what the world central banks are doing is increasing their money by devaluin

Read More

Is Obama the next Mugabe of Zimbabwe?

Is Obama the next Mugabe of Zimbabwe?

"America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economi

Read More

US raiding foreign countries with dollars, not soldiers

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

Read More

FDIC wants your retirement cash to save banks: Bloomberg

FDIC wants your retirement cash to save banks: Bloomberg

“The FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work

Read More

Canadian government admits recovery never happened

Canadian government admits recovery never happened

“Not only did their stimulus fail to create the jobs of tomorrow, it also failed to protect the jobs of today,” Scott Brison, the opposition Liberal Party’s spokesman for finance issues, said by telephone. "Most of us were shaking our heads in disbelief early last year w

Read More

Content By: The Coming Depression Editorial Staff (dates cited below)
Copyright: include link to this article on top of reproduction if you use it.
Bookmark and Share
(No Ratings Yet)
Loading ... Loading ...

robert zoellick

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”

Please spread these articles by using the above “share” button, especially via Digg and other sharing services and Facebook. It is the least you can do.

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 new governments in the Middle East and North Africa.

Mr Zoellick said such support was vital.

“The crisis in the Middle East and North Africa underscores how we need to put the conclusions from our latest world development report into practice. The report highlighted the importance of citizen security, justice and jobs,” he said.

He also called for the World Bank to act quickly to support reforms in the region.

“Waiting for the situation to stabilise will mean lost opportunities. In revolutionary moments the status quo is not a winning hand.”

Food price changes Q1 2010 to Q1 2011

Source: World Bank Development Prospects (1) Group
Maize 74%
Wheat 69%
Palm oil 55%
Soybeans 36%
Beef 30%
Rice -2%

Elite propaganda

The World Bank is essentially an arm of the US treasury department. It is a key foot soldier in US economic Imperialist goals and creating conditions of national debt slavery. While not the walking disaster his predecessor was, Paul Wolfowitz, Mr. Zoellick as a Goldman Sachs apparatchik puts himself grand central among those who created the greatest financial meltdown the world has ever seen in 2008.

The elite have the money to speculate. They speculated on commodities, oil and gold and now they’re speculating on stocks and foreign exchange. This is how the price of oil went high up and then dropped almost overnight. Same thing happened with commodities and gold. Now they’re doing it with the stock market and the swings on foreign exchange. Did they plan this economic crisis to enrich themselves? We don’t know if they actually sat down and planned it, but are we so naive to think that they didn’t know about the financial situation of the major banks? You think that they didn’t know that lending money the way banks were doing it sooner or later the system was gonna crash? Economists were predicting the financial crash two years ago. The market ain’t guided by an invisible hand as they want us to believe.

When the USD is no longer the reserve currency (within 2 to 3 years) they will lament their chances of having made changes; rather then have change thrust upon them. We also wonder how great America could have been, if the money spent fighting 2 wars was put to the use of finding that Great Society (Kennedy/LBJ foresaw) that could have been; if not for the fact that multinational corporations (‘disguised’ as American companies) hijacked their democracy.

The reason the USA dollar and others were pegged to gold or sterling for eg was to prevent irresponsible politicians and central bankers from printing money which skyrockets a county’s debt, causes inflation, and ultimately destroys the currencies to boot. The USA is the world’s biggest offender of this as they have, at present anyway, the reserve currency. They are heading for a wall of stone and even if they taxed their system 100% they still could not pay off their debts! If we returned to the gold standard for eg a country could not inflate its money supply unless it had the equivalent value in precious metal. Obama, Geithnr, and Bernake should be tried for sedition as they are destroying their country. The day of reckoning is just around the corner.

The IMF, Word Bank elite are telling us what they’re going to do

Why does the IMF and other government or NGO’s believe that people are buying their propaganda after the unholy trio, the IMF, WTO, and World Bank gave loans to the underdeveloped countries with trade conditions attached that enslaved the people to international corporations, and left them burdened by mounting compound interest. The only “real value” is in gold, silver and precious stones, or a plot of land on which you can grow food.

All the vast trillions of dollars currently surging around the world are merely numbers on a computer screen.

As the various countries come forward and ask for transfers of numbers from one computer screen to another, the bankers charge INTEREST. Interest is another abstraction and the most pernicious of all. Ancient cultures forbade it, banned it and introduced usury laws to discourage it. We removed the usury laws under the pressure created by compound interest. The point is this: ONCE YOU LET COMPOUND INTEREST INTO A CULTURE IT WILL DESTROY THE CULTURE. This is a major part of the world’s financial problems now.

References:

(1) http://www.bbc.co.uk/news/business-13108166

Related posts:

  1. World Bank Going Bankrupt: ZoellickBy Edmund Conway, Economics Editor in Istanbul The World Bank is close to running out of money, its president, Robert Zoellick, has disclosed. The Bank, whose job it is to...
  2. Moody’s is worried about Political Instability or a Full Blown Revolution!“The really big risk factors, be it in Iceland or the UK, the US or Ukraine, can no longer be easily factored into a spreadsheet.” The Financial Times is reporting...
  3. Bob Chapman: Empty Your Bank Accounts Now“The International Forecaster, Bob Chapman, says that A New System For The Privileged Is Not A Remedy For The Economy.” The current financial crisis in the US and around the...
  4. Federal reserve touted as “central bank of world”“We’re talking about huge sums of money going to bail out large foreign banks,” said Senator Bernard Sanders, the Vermont independent who wrote the provision in the Dodd-Frank Act that...
  5. Is the Central Bank of Canada forcing deflation?“With economic recovery still looking shaky, the next move by the Bank of Canada may be to just start printing money. The price can be high. Devaluation of the loonie...
  6. UAE oil economy up in smoke; solution to economic crisis?“There was a time when investment in this country meant to borrow money to increase manufacturing capacity, research and development. Now investment funds are used for mergers and acquisitions that...

This entry was posted on Monday, April 18th, 2011 at 1:51 am and is filed under Main Street. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.


Under the 'fair use' rule of copyright law, an author may make limited use of another author's work without asking permission. Fair use is based on the belief that the public is entitled to freely use portions of copyrighted materials for purposes of commentary and criticism. The fair use privilege is perhaps the most significant limitation on a copyright owner's exclusive rights. "