News, Rumors and Opinions Saturday 9-18-2021
KTFA:
Samson: "Dangerous" ethical issues threaten the credibility of the World Bank
16th September, 2021
The World Bank revealed, on Thursday, that its former president practiced "dangerous" ethical issues in order to enhance China's economic position globally.
The bank said in a statement reported by Bloomberg Agency, that its former president, Kristalina Georgieva, who is currently the head of the International Monetary Fund, "exercised pressure when she was the Executive Director of the World Bank, with the aim of strengthening China's position in the ranking of economies."
He added that in his investigation into the Doing Business report, the ethical issues were so "serious" that he decided to drop the series of reports entirely. He noted that "the changes in China's data in the Doing Business 2018 report appear to be the result of two different types of pressure exerted by the bank's leadership on the Doing Business team."
The World Bank confirmed that Georgieva and one of its advisors were involved in "pressing for specific changes to China's data points, in an attempt to increase its ranking at the exact same time that the country was scheduled to play a major role in the bank's capital increase campaign."
The World Bank said in a review published last December that China's position in the 2018 report, which was released in October 2017, should have been seven places lower, i.e. 85th instead of 78th.
Georgieva worked as CEO of the World Bank before being chosen to succeed Christine Lagarde as Managing Director of the International Monetary Fund, which is a development partner of the World Bank within the Bretton Woods financial system.
"I fundamentally disagree with the findings and interpretations of the data breach investigation as they relate to my role in the World Bank's Doing Business 2018 report. I have already received an initial briefing with the IMF Executive Board on this matter," Georgieva said in a statement. LINK
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Courtesy of Dinar Guru
Walkingstick & Frank26 We do not believe at all that this is going to go until the end of the year. It may be settled by introducing the new small category notes and exchange rate at the same time or it may be settled by introducing the notes first followed by the exchange rate very shortly after that...these are the days of the monetary reforms final [musical] notes for the new small category notes. It will be a beautiful note that last sound...
Bruce [via WiserNow] ...we have information from 2 completely different separate sources - that are talking about our notifications and the subsequent start of our exchanges to take place over the next 4 days – which would be Fri / Sat / Sun / Mon – and we have some information that says this should have all occurred before Monday which is the 20th...I feel good about it...it’s very positive...
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Iraqi Dinar update for 09/18/21
Pimpy’s Investment Chat: Sep 18, 2021
(Alert). MORE FED. OFFICIALS CAUGHT INSIDER TRADING! Important Updates: Evergrande, Markets, MORE.
Greg Mannarino: Sep 17, 2021