|
World bank president seeks gold standard debateFinancial TimesNov. 07, 2010 |
Popular 
U.S. Must Prep to 'Welcome Large Numbers of Jewish Refugees,' Pro-War Lobbyist Mark Dubowitz Says
Mark Levin Flying to Israel as Netanyahu Reportedly Seeks to 'Leverage' Levin to Trash Trump's Iran Deal
"I'm Not an Agent for the Israeli Govt," Mark Levin Says at Israeli-Govt-Sponsored Event in Jerusalem
Vice President JD Vance Reacts to InfoLib Clip of John Podhoretz Melting Down Over Iran Deal
Mark Levin, Ben Shapiro Throw a Fit Over Trump Announcing Iran Deal
|
 Leading economies should consider readopting a modified global gold standard to guide currency movements, argues the president of the World Bank. [...] Mr Zoellick, a former US Treasury official, calls for a system that “is likely to need to involve the dollar, the euro, the yen, the pound and a renminbi that moves towards internationalisation and then an open capital account”. He adds: “The system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values.” [...] "The scope of the changes since 1971 certainly matches those between 1945 and 1971 that prompted the shift from Bretton Woods I to II," Mr Zoellick writes. "Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today." Read More |
