Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Kona who wrote (74201)	5/15/2011 2:28:20 AM
From: Snowshoe	1 Recommendation Respond to of 217749

IMF boss replacement could get interesting... ;) Managing director Historically the IMF's managing director has been European and the president of the World Bank has been from the United States. However, this standard is increasingly being questioned and competition for these two posts may soon open up to include other qualified candidates from any part of the world. Executive Directors, who confirm the managing director, are voted in by Finance Ministers from countries they represent. The First Deputy Managing Director of the IMF, the second-in-command, has traditionally been (and is today) an American. en.wikipedia.org

To: Kona who wrote (74201)	5/15/2011 4:20:42 AM
From: elmatador	Read Replies (4) \| Respond to of 217749

very suspicious: IMF No. 2 official, John Lipsky, said Thursday he’ll leave his position when his term expires in August — creating the first test of whether emerging-market nations will play a role in filling top posts at the fund. Emerging Markets have been claiming to have more power in IMF for a couple of years already. Most likely he was framed for his known weakness. Here is how the wayo played on: Chinese pays chambermaid. She helps bug the room. As the sound of shower goes off she enters the room. He comes out naked he goes back pick up towel. Beautiful chambermaid bends down to pick up paper clip. The weakness he is known for takes over. Chambermaid does the 'thing' on him. Wait until get the plane -everything right timed- so as to police act as he is on the plane bound to Paris to get as much publicity as possible. Strauss Khan career ends. Departure of IMF’s No. 2 Sets Off Shuffle By Sudeep Reddy The International Monetary Fund’s No. 2 official, John Lipsky, said Thursday he’ll leave his position when his term expires in August — creating the first test of whether emerging-market nations will play a role in filling top posts at the fund. Lipsky, a U.S. national, has served as the IMF’s first deputy managing director since September 2006 in a five-year term. Lipsky has agreed to serve as Special Advisor to IMF Managing Director Dominique Strauss-Kahn through the Group of 20 Summit in November “to ensure continuity,” the fund said in a statement. The No. 2 slot at the IMF has traditionally gone to an American, working under a managing director from a European nation. The fund has already taken steps to recognize the increasing power of emerging-market economies such as Brazil, China, India and Russia. Now those nations will see whether their citizens get a shot at the top jobs in Washington. The IMF managing director selects the No. 2 official with approval of the fund’s 24-member executive board. There’s widespread speculation that Strauss-Kahn, who took his post in 2007, will leave the IMF to run for president of France. That would create another opportunity to swing from tradition by putting a non-European into the post. Lipsky, 64, previously served as vice chairman of J.P. Morgan Investment Bank and also had been chief economist at J.P. Morgan and Salomon Brothers. Earlier in his career, he spent a decade in various positions at the IMF. “From my first days at the Fund, John has been a sincere friend to me, as well as an exemplary colleague, a tireless thinker, an instigator of debate, an influential proponent of multilateralism and deeper financial surveillance, and an outstanding communicator to a broad range of external constituencies,” Strauss-Kahn said in the statement.

To: Kona who wrote (74201)	5/15/2011 6:01:04 PM
From: TobagoJack	1 Recommendation Read Replies (4) \| Respond to of 217749

improper sex is expensive in america and africa. perhaps the cretin kahn was evil enough to pay and maid was foolish enough to accept payment, and if so, the case would be less clear. let us see what develops from the case. had kahn simply raped, very worrisome, for that would be the calibre of non-thinking ruling over imf, and the cretin was picked by his peers, after all is done and said. re what bankers do naturally, news re an ageless script, and a script we too are on newzimbabwe.com New Zimbabwe.Com :: The Zimbabwe News You Trust RBZ urges gold-backed Zim dollar by: Business Reporter THE central bank says the country must consider adopting a gold-backed Zimbabwean dollar warning that the US greenback’s days as the world’s reserve currency are numbered. Government ditched the Zimbabwe dollar in 2009 after it had been rendered worthless by record inflation levels and adopted multiple foreign currencies with the US dollar, the South African Rand and the Botswana being the most widely used. Finance minister Tendai Biti says the country needs at least six months import cover and a sustainable track-record of economic growth, inflation stability and above 60 percent capacity utilisation in industry before the Zim dollar can be brought back into circulation. However central bank chief, Dr Gideon Gono said the country should consider adopting a gold-backed currency. “There is a need for us to begin thinking seriously and urgently about introducing a Gold-backed Zimbabwe currency which will not only stable but internationally acceptable,” he said in an interview with state media. “We need to re-think our gold-mining strategy, our gold-liberalisation and marketing strategies as a country. The world needs to and will most certainly move to a gold standard and Zimbabwe must lead the way.” Gono said the inflationary effects of United States’ deficit financing of its budget was likely to impact other countries to leading to a resistance of the green back as a base currency. “The events of the 2008 Global Financial Crisis demand a new approach to self reliance and a stable mineral-backed currency and to me, Gold has proven over the years that it is a stable and most desired precious metal,” Gono said. “Zimbabwe is sitting on trillions worth of gold-reserves and it is time we start thinking outside the box, for our survival and prosperity.” Story from : NEWZIMBABWE.COM NEWS: Published On: Sunday, May 15, 2011 2:15 PM GMT newzimbabwe.com © New Zimbabwe News