'World Bank could run out of money 'within 12 months'

Quote from Debaser82:

“By the middle of next year we will face serious constraints,” said its president Robert Zoellick, as he launched a major campaign to persuade rich nations to pour more money into the Washington-based institution.
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This, from the same schmuck who less than a week ago was talking down the dollar as a reserve currency.

Nothing but propaganda and posturing...
 
Quote from Debaser82:

said its president Robert Zoellick, as he launched a major campaign to persuade rich nations to pour more money into the Washington-based institution.
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The rich nations are bankrupt themselves. How will they donate money to world bank?.
 
Quote from gastropod:

OK, I am not going to even pretend to be holding back my anger here!!!!!

Only in our fucked up world can dumb fucks (like Zoellick) come to "rich"nations and beg for money!!!

Here is what I would like to say to Zoellick et al...

"Listen dumb fuck! When I see some asshole driving a Mercedes...and I know that he is in debt up to his eyeballs to drive that Mercedes....I don't think the Mercedes driver is rich - I think he is a dumb fuck with too much debt!!!!!" The US is NOT RICH - it is in DEBT!!!!! The peoples' future is screwed by all of this debt! Do not come here with your fucking hand out asking us to help "poor" nations!!!!! We as a nation are poor! It is just that our traitorous politicians are pulling the wool over the Americans' eyes with this bullshit debt!"

OK, end of rant!

-gastropod [/QUOTE

The U.S. is a very rich nation. Don't confuse the illusion of debt and currency with national resources.

Also too many people take the whole nation to household metaphor to an extreme.

Nations can live forever. Households cannot.

Nations can rewrite the rules of their financial system, erase debts, reallocate assets,, etc. Basically do whatever the fuck they want.

As far as the world bank. They are nothing but central banker wannabes.

Bankers don't do shit for the world, the siphon their % of the productive class. So they are always going to around to collect their tax on the productive.
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Oh the brilliant twisted irony of the fact that the banks' own system is destroying them from the inside out for their dishonesty.

Low income countries are going to be better off without a world bank, period.
 
Emmmm ... I'm not an economist which will be painfully obvious with my next question: if having debt means you're broke, aren't most households, most companies and all countries broke?
 
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