Posted on 04/17/2011 2:40:56 PM PDT by The Magical Mischief Tour
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".
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.
(Excerpt) Read more at bbc.co.uk ...
Well I;m glad someone has a grip on reality...
“losing a generation” of what?
The people in backwards parts of the world never fail to have have more children — whether they can feed them or not.
Somewhere in the basement of the White Hut, there’s a money copying maching cranking out twenties.
Does anyone know a little island not to far off the coast where we can set up a Tea republic and get the world bank to dish out free money.
A demi god will arise, and the war will come. And our idiot leaders will aid and abet by their stupid actions.
What makes The Great Recovery(tm) so great is all the dire black-swan economics that threaten it. That The Great Recovery(tm) can continue unabated in such troubled economic times is truly a testament to the awesomeness that is Obama. /s
And so the US government should borrow more money from China to send it to Third World hellholes (some like Libya awash with oil). Sounds like a swell plan to me.
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