June 10, 2011
The corporate media is rife was rumors that the current Secretary of State will leave her post next year and honcho the World Bank.
A source said Obama supports Clinton’s appointment. According to the Guardian, there was no suggestion that Obama has formally agreed to nominate her for the post, which would require approval by the 187 member countries of the World Bank.
Reuters reported yesterday that sources close to Clinton said she would be ready to make a move to the World Bank should the Bank’s current president, Robert Zoellick, leave at the end of his term, in the middle of 2012.
Clinton’s spokesman, Philippe Reines, denied the claim. “Story is 100% untrue. Reuters is wrong,” Reines told the Washington Post.
The World Bank and the IMF are loan sharking operations for the globalists. They also serve as mechanisms to impose “structural adjustments” on developing nations and allow unfettered foreign investment, increasing exports, suppressing wages, cutting social services such as health care and education — the whole neoliberal palette. National currencies are usually devalued and food subsidies cut. Both organizations work as wrecking balls on the third world and fatten the coffers of the bankers.
“While the U.S. press is apt to portray the IMF and World Bank as selfless Good Samaritans, the reality is that these 50 year-old institutions function more like global loan sharks. One way countries are encouraged to repay their debts is by shifting from domestic agriculture to export crops,” write Jeff Cohen and Norman Solomon.