Meet James D. Wolfensohn, the 9th president of the World Bank
China in 2009 and 2010 made new loans amounting to a total of 20 trillion yuan ($3.1 trillion), with estimates of how many would go bad in a range from 25% to 30%….the scale of such a rescue is staggering—at about 7% of gross domestic product making the China banking problem bigger than the U.S. TARP bailout. Source>>>WSJ
THE FORMER PRESIDENT OF THE WORLD BANK, JAMES WOLFENSOHN, MAKES STUNNING CONFESSIONS AS HE ADDRESSES GRADUATE STUDENTS AT STANFORD UNIVERSITY. HE REVEALS THE INSIDE HAND OF WORLD DOMINATION FROM PAST, TO THE PRESENT AND INTO THE FUTURE. THE SPEECH WAS MAS MADE JANUARY 11TH, 2010. THE NEXT 19 MINUTES MAY OPEN YOUR MIND TO A VERY DELIBERATE WORLD.
HE TELLS THE GRAD STUDENTS WHAT’S COMING, A “TECTONIC SHIFT” IN WEALTH FROM THE WEST TO THE EAST. BUT HE DOESN’T TELL THE STUDENTS THAT IT IS HIS INSTITUTION, THE WORLD BANK, THAT’S DIRECTING AND CHANNELING THESE CHANGES.
WOLFENSOHN’S OWN INVESTMENT FIRM IS IN CHINA, POISED TO PROFIT FROM THIS “IMMINENT SHIFT” IN GLOBAL WEALTH.