World Bank President Sounds a Warning

[Donnachaidh]

http://www.truthdig.com/eartotheground/item/world_bank_president_warns_of_crisis_20110417/?ln

With rising food prices and soaring unemployment wreaking havoc across the developing world, World Bank President Robert Zoellick has some dreary news, declaring that the world is “one shock away from a full-blown crisis.”

The BBC:

Robert Zoellick cited rising food prices as the main threat to poor nations who risk “losing a generation”.

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.

More at the link --

[hobbit709]

1. Translation: These countries may default on our exorbitant loans

and I won't get my bonus.

[sudopod]

5. LOL, whoops, n/m! nt

[notesdev]

2. And we have that shock ready for you in 3... 2... 1...

"never waste a crisis" is easier to do when you cause it

[BlueJac]

3. Shock Doctrine baby.......

disaster capitalism.....

[dixiegrrrrl]

4. "financial support to help new governments in the Middle East and North Africa."

And what does that tell you???

[CoffeeCat]

8. As that banker said in "The International"...

...control the debt and you control the populations. Whether a country or a person
owes you money--you control them because they are now a slave to you.

So nice how we "help" other countries--especially when we need so much help at home.

[leftstreet]

6. K&R

Interesting article

[L0oniX]

7. off 2 the greatest.