Tag Archive for: World Bank

Biden’s World Bank Pick Calls For ‘Trillions’ In Climate Spending

Ajay Banga, the former CEO of Mastercard that President Joe Biden has nominated to head the World Bank, told Axios Wednesday that both the bank and the private sector needed to spend “trillions” to combat both climate change and poverty.

Banga has been aggressively campaigning for the job, meeting with officials from 37 different governments in the past three weeks, Axios reported. The World Bank faces competing pressure from wealthy and developing countries over whether to focus on combating climate change or poverty mitigation, but Banga said he does not view the two goals as inherently opposed to one another.

“I think it’s a fallacious argument that says, either-or,” Banga said to Axios. “I have every intention of focusing the bank and its people on the idea that this is an intertwined challenge.”

The efforts to combat both climate change and poverty would cost “trillions of dollars a year” each, and the private sector would need to be a “constructive part of the solution,” Banga told Axios.

A group of developing nations including Russia, China and Iran signed a letter in February calling for the World Bank to “avoid measures” that might jeopardize its triple-A credit rating, the Financial Times reported. Banga said that the “only way” the World Bank can effectively combat climate change is if it maintains its triple-A rating, according to Axios.

Biden’s decision to nominate Banga, a former Wall Street executive with little background in climate issues, drew significant pushback from some environmentalists, who had been calling for a nominee that would aggressively tackle climate issues.

Banga was nominated after Trump appointee David Malpass — who is married to Daily Caller News Foundation president Adele Malpass — announced he would step down early from his role as the bank’s head on June 30.

AUTHOR

JOHN HUGH DEMASTRI

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Surprise! Wikileaks Report bears out Year-old Analysis

I sometimes wonder why I bother writing anything but Ruth Hank pie recipes (Mom could have patented some of her recipes, quite honestly). I can’t remember how many times I have reported things that ought to be obvious to everyone with a broad view of world events, and then a year or two later, sure enough, someone else reports essentially the same thingas “news” and everyone acts shocked.

Just for example, last December, I showed that the Chinese RMB (yuan) was destined to challenge the dollar mightily within a very short time. It was a no-brainer. I presented a brief analysis and my translation of an interview with China’s top monetary policy expert who reported, among other things, that RMB clearing centers were popping up all over Europe as well as in Asia. His statements tied in with what I had said earlier about the worldwide dedollarization campaign, which was being absurdly ignored by the most “respected” U.S. media outlets, depriving you of any inkling of what was inevitably coming your way and hence of any chance to prepare for it. But of course, who would trust a news report from a web site without a donate button?

Hence, the world was later shocked to learn that almost every single U.S. ally had abandoned the U.S.-dominated World Bank/IMF in favor of the Chinese investment bank AIIB, despite Obama’s stern warnings. I showed that this was most likely in part a response to the way these agencies bullied Third World countries, denying them any respect whatsoever for their national sovereignties.

But getting back to Wikileaks and the Soros revelations, anyone paying attention to George Soros’ TV interview with Fareed Zakarias in May of 2014 had to know that Soros was at least one of the masterminds of the Maidan armed uprising in Kiev. Especially if they read my analysis of that interview.

Yet most people reading the recent Wikileaks report proving that Soros was in fact virtually the sole mastermind behind that coup are reacting as if said recent report of Soros’ involvement were blockbusting news.

The fact is, Soros gave away his dirty secret in that interview, for example, in this segment from May of 2014, over a year ago:

ZAKARIA: […deletia…] … during the revolutions of 1989 [you] funded a lot of dissident activities, civil society groups in eastern Europe and Poland, the Czech Republic. Are you doing similar things in Ukraine?

SOROS: Well, I set up a foundation in Ukraine before Ukraine became independent of Russia. And the foundation has been functioning ever since and played an important part in events now. [my highlighting]

Arch-Neocon Soros also blasts Russia’s Putin in this interview, claiming he “came out of the closet” as a nationalist through his protection of the Russian speakers in Eastern Ukraine. I showed that this was nonsense because, unlike the supranational Satanists like Soros and most Western “national” leaders, Putin instinctively desires to protect his people, in contrast to the US government, which has no clear cut singular purpose at all in its foreign interventions beyond pretending to protect a set of undefined “Western values” and most certainly would never be caught protecting American lives (I later pointed out that the only unifying aspect of US foreign and military policy was that it invariably redounds to the promotion of Saudi interests). Unlike U.S. presidents, Putin does not see himself as President of the World, but merely president of Russia and protector of Russian interests, nothing else. In fact if Putin is guilty of anything in the eyes of the Western hegemons, it is humility and a love of his country. What a horrible man!

The point is, Soros’ unfounded anti-Putin remarks and his admission that his foundation played “an important part” in the “events now” in Ukraine are solid evidence that the powerful amoral supranational Neocon elites like Soros are not only behind the Ukraine tragedy but also behind all or most of the Russophobia and Putin bashing in the Western press and political world. (An intelligent American patriot will instinctively reject this bashing of a man whose only purpose in intervening in Eastern Ukraine was to protect his own peopleagainst the Nazi-infested Ukrainian military which bombs innocent civilians from the air).

Now just recently, Wikileaks leaked what I had leaked to you over a year ago simply by taking Soros at his word. If you listened to or read this interview carefully in light of my analysis at the time, you heard Soros’ unequivocal confession and knewfull well back then, a full year ago, that he was at least one of the culprits in blowing Ukraine apart.

In light of the above, I am hereby starting an “I was shocked” contest.

To enter, please submit photos of your shocked look when you heard the recent Wikileaks revelation of the news I reported to you last May.

Address: zoilandon@msn.com

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