Zoellick 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.
Writing in the Financial Times, Robert Zoellick, the bank’s president since 2007, says a successor is needed to what he calls the “Bretton Woods II” system of floating currencies that has held since the Bretton Woods fixed exchange rate regime broke down in 1971.
http://www.ft.com/cms/s/0/eda8f512-eaae-11df-b28d-00144feab49a.html#axzz14eJ1dzaV
Zoellick seeks gold standard debate
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Zoellick seeks gold standard debate
by blackrabbit » Sun Nov 07, 2010 9:10 pm
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
-Thomas Jefferson
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blackrabbit - Post Hoarder
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