informationliberation
The news you're not supposed to know...




Austrian Economics: Understand Economics, Understand the World
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
(more)
Article posted Nov 07 2010, 5:06 PM Category: Economy Source: Financial Times Print

World bank president seeks gold standard debate


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





Latest Economy
- The Euro Isn't Dead
- Warner Music's Response To Evidence Of Happy Birthday In The Public Domain: Who Really Knows Anything, Really?
- Video: Florida Man Finds $1 Million In Gold From Shipwrecked Spanish Fleet
- Liberals Sign Petition to Impose 10% "Male Privilege Tax"
- Jim Grant On Gold's Liquidation Sale: A "Vexing But Wonderful Opportunity"
- Currencies Depend on Faith, Gold Doesn't
- How Socialism Destroyed Puerto Rico, and How Capitalism Can Save It
- Peter Schiff On The Real Reason Greece Folded... And What They'd Do If They Were Actually Smart









No Comments Posted Add Comment


Add Comment
Name
Comment

* No HTML


Verification *
Please Enter the Verification Code Seen Below
 


PLEASE NOTE
Please see our About Page, our Disclaimer, and our Comments Policy.


FAIR USE NOTICE
This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy



Advanced Search
Username:

Password:

Remember Me
Forgot Password?
Register

VIDEO: Man Asks Cops To Stop Beating Woman, Cops Beat Him Instead - 07/30Cop To Vet On Receiving End Of Bogus Raid: Investigating Things Beforehand Just Slows Us Down - 07/29'What Lion?,' Zimbabweans Don't Give A Damn About Cecil Story - 07/30Judge Who Took Kids from Off-Grid Family, Same Judge who Killed his Own Son and Wasn't Arrested - 07/30Officer Admits Lying To Grand Jury To Cover Up Fellow Cop's Beating Of Cuffed Man - 07/30University of New Hampshire: Using the Word "American" is Offensive - 07/30The Euro Isn't Dead - 07/30Native American Woman Dies in Jail, Begging for Help, Officers Told Her to "Quit Faking" - 07/28

Man Follows Speeding Cop, Finds Out He Was Speeding To Buy PeanutsMission Creeps: Homeland Security Agents Confiscate Women's Panties For 'Copyright Infringement'Cop Shoots Couple's Dog, Threatens Jail For Trying To Save Dog's LifeSWAT Team Shoots Teen Girl & Her Dog During Pot Raid On Wrong HomeDurham, NC Cop Testifies Faking 911 Calls To Enter Homes Is "Official Policy"Indiana Sheriff Says US A "War Zone" To Justify New MRAP Military VehicleTampa Cops Surveil Pot Dealer, Catch Him Selling Pot, Raid His Home & Kill Him"You Just Shot An Unarmed Man!": Witness Says Police Shot His Friend With His Hands Up
(more)

 
Top