USA Today has this story today about President Obama’s choice to lead the World Bank
Kim: Obama’s unconventional pick to lead the World Bank
Mr Kim was born in Korea and raised in the United States. For the past 3 years, he has been running Rutgers University, but most of his adult life has revolved around finding ways to violate patent law and distribute low cost HIV and other drugs to so-called developing countries.
The “World Bank” is neither. It isn’t a global organization and it isn’t the World’s Bank. The folks at USA today describe the purpose of the World Bank as “the elimination of poverty”.
Overlooking that eliminating poverty is not possible – the people will the least “stuff” will always be “poor”, no matter if they have cars, air conditioning, cable TV and free food and education – they will still be “poor”.
The World Bank has an interesting history that is worth understanding
At the close of World War II, the leaders of the countries met in Bretton Woods New Hampshire to decide how Europe was going to be rebuilt and how the world and its economic systems would be run, with the United States dominating the decision making. The World Bank’s limited purpose was to make money available primarily from the US Treasury as loans for coutries to rebuild after the world, and later to the developing world to finance major infrastructure projects like roads and dams.
Rather than recognizing it no longer serves a purpose, in the 1980s the World Bank decided to change its mission – from helping countries grow their ecnomies to the benefit of everyone to becoming a global welfare agency handing out free “stuff” to the “poor”.
This change in direction was in reaction to what Ronald Reagan viewed as a useful role in the world for the World Bank:
http://www.presidency.ucsb.edu/ws/index.php?pid=44311#axzz1pzwieAms
“a shared vision of growth and development through political freedom and economic opportunity”… not handing out free HIV drugs. We’ve come so far in such a short time.
Barack Obama’s mother worked for the Ford Foundation in Indonesia on what was essentially a project based on the premise that “Banks are Evil” because they charge interest and expect to be paid back, something that Islam calls Usury and outlaws.
Ann Dunham [Obama?] Soetoro moved to Indonesia to help woment there establish “Microbanking” – the idea was that with seed money from the Ford Foundation, women could set up small businesses and earn money and then loan that money to each other to create more businesses and wealth and power instead of being under the control of the Big Banks, so we’ve come full circle.
http://www.time.com/time/magazine/article/0,9171,1729685,00.html
[Did you know Ann Dunham met Barack Obama Sr in a Russian language class?]
Those global elitist over at CBS news showed a program on their sunday morning program that made it out that cash is bad and debit cards are sooo superior. Idiots.
Saying virus’s live on cash. There is no virus on the cash in my wallet that could live in that enviroment ! LOL
They think their will be no crime is there is no cash? fools It will be different than bank-robbers.
It will be like Jon Corzine and MF Global, Oops your money is gone ! I don’t know where it went.
yeah screw that, and you can keep you debit card. I like cash.
parrott