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World Bank President Robert Zoellick Calls For Return To "Old Money" Gold Standard

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08. november 2010

World Bank President Robert Zoellick Calls For Return To "Old Money" Gold Standard.One of the most serious condemnations of the race to the currency bottom to date comes not come from some peripheral media, but from the head of the World Bank itself, who in a just released Op-Ed in the Financial Times says that since the system of floating currencies established by the 1971 Bretton Woods II system, has broken down, it is time to look to a new international system of commerce, one which "should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values."