Former President of the World Bank, James Wolfensohn, makes stunning admission: titanic wealth shift

Seems that something very, very BIG is just around the corner: A Titanic, massive pole shift into the Economical World Balance! During a conference at Stanford University on January 11th, 2010 the former President of the World Bank James Wolfensohn en.wikipedia.org... tells to the graduate students WHAT'S COMING in the very next future: A TITANIC SHIFT IN WEALTH FROM THE WEST TO THE EAST!
A Huge drammatic change!

BUT HE DOESN'T TELL THE STUDENTS THAT IT IS HIS INSTITUTION, THE WORLD BANK, THAT IS CHANNELING THESE CHANGES and that WOLFENSOHN'S OWN INVESTMENT FIRM IS IN CHINA POISED TO PROFIT FROM THIS IMMINENT SHIFT IN WEALTH.

In fact in 2009, he became a member of the International Advisory Council of the Chinese sovereign wealth fund China Investment Corporation. en.wikipedia.org...

Someone drive this Epochal change!

U.S. funding for future promises lags by trillions!
The federal government's financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY analysis shows.

The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for.

This gap between spending commitments and revenue last year equals more than one-third of the nation's gross domestic product.

www.usatoday.com...

And on the same day....

China official sees risks in holding "excessive" US assets
LONDON, June 7 (Reuters) - The U.S. dollar fell broadly on Tuesday, hurt by a warning from a Chinese official of the risks in holding huge dollar assets while European equities rebounded as investors picked up beaten-down shares.

www.reuters.com...

How the West world could react to this rapid change?

WAR?

Imagine that! Not only are they funneling the money away from the middle class and poor to the rich, they are also taking it overseas!

They aren't even trying to hide it either......makes me sick. Time to move to South America?

More like "time to move to another planet" Sick isn´t the real word for these so called elite ! How can this be happening when so many people are aware that the top end get richer and richer and the rest of us just have to suffer.

Somethings got to be done, Some people should have their earnings and wealth capped and distributed amongst the poor.

reply to post by Arken


I read earlier today that China is poised for a property bubble burst and it was suggested that the repercussions of this would be horrendous due the Chinese Government's greatest fear, civil unrest.

Is it the possible plan that the Wolfensohn's and those greedy bankers are really planning to hop into China or are they doing the job they are best at, which is helping countries to implode and then strip the assets from that country's businesses and people?

Being English I admit to having no problem with Briton getting its nose out of international affairs. I want my country out of the hands of the parasites that have taken over our government.

Yup, times they are a changing. Money goes where they can make more of it.

Check this thread out for what's going on in kasakhstan

I dream of a world without a monetary system. Where we all work for each other, where we all help each other, where we are all equal.

Greed is such a destructive force.

st.

reply to post by Arken


You said it.

"How the west will cope with this?"

war... and stuff like that.

If the date is correct, since 18 months alot of "stuff like that" is taking places, particularly around the mediterranean sea and unfortunately i dont see the end of it.

Seems to me that the US solution to the debt is to invade and monopolize world Oil reserves,
thinking that with total control of the oil, they will be able to solve the problem.

Trouble is, as alternative's to oil/petrol move along outside the US,
they will end up sitting on something no one needs.

reply to post by sheepslayer247


What they are doing doesnt make me as sick as what the majority of people in the world here in America AND in Europe are doing about it. Nothing. Nothing at all.

In some cases, begging for more "security measures."

You have to expect greedy bastiges to be greedy bastiges. Its what they do. But you do kind of expect human beings to defend themselves, their countries, their freedoms, their economies, just a little bit. And we arent.

We are not only not fighting them, on the whole, we are helping them rape us.

reply to post by CitizenNum287119327


And you, whatever. How on Earth can you say "the US" is monopolizing the worlds oil reserves? We arent making a dime as a nation of them. We are PAYING as a nation to secure those oil reserves for the same multinational corporations and banksters that are raping our economy in every other orifice it can rape us in.

Our politicians are using our military to help the economic powers trying to destroy America, (and all sovereign nations, really) but its not "America" doing it. Its our politicians committing flat out treason against America by aiding the people dead set on destroying us.

reply to post by Illusionsaregrander

I agree! Unfortunately, to stop the greedy "bastiges" (is that a Johnny dangerously reference? :up we will have to enact a new outlook on economics and capitalism. We cannot sustain a global economy that holds profit higher than basic human needs.

Most people will call that socialism, but I think it is the natural progression of any society as it grows from the "larval" stage to full development. Are we ready to deal with that?

wrong thread...sorry

Why is this stunning? i thought everybody already know that.

Originally posted by sheepslayer247
Imagine that! Not only are they funneling the money away from the middle class and poor to the rich, they are also taking it overseas!

They aren't even trying to hide it either......makes me sick. Time to move to South America?

Well, you can move here i suppose, but men, you know, at least i hope you know, we are not the east, the east is Asia.

well, the took out Bin Laden ( or supposedly took him out ), and the head of the IMF, so what's next?

If I was Obama, I would be keeping sharp attention on security, because I wouldn't doubt if they try to take him out.

Nothing has been done to change the current ongoing world economic collapse. In fact, things are only going to get worse.

OPEC can't raise oil production.

www.reuters.com...

Saudi Arabia, which had pushed for a hike, has made clear it will pump more unilaterally.

But Saudi oil production is down about 20% or more from its peak, the amount that they are exporting is down even more. Clearly they want to boost production, so it looks like they can't.

The oil industry has gotten very efficient at keeping production up until every drop has been extracted, but that only means that the oil output will drop off that much faster when the end arrives. What this means is that we could be seeing a serious drop on oil production soon. U.S. companies are trying to make increase oil production through fracking, but the environmental damages are quickly becoming more and more unacceptable.

We are looking at a massive fundamental change in world energy supplies at a time when our monetary systems are on the verge of collapse.

The idea of a wealth shift must seem highly attractive, but there is no place to shift that wealth. Massive assets are about to become worthless.

One of my coworkers is retired from World Bank, he won't say what he actually did there - when asked he just laughs and says "You wouldn't understand." M'kay.
FWIW he is the creepiest person I've ever met and is positively dripping in gigantic gold watches, chains and rings. No honest job gets you that kind of excessive wealth, imo.