_Historian - WB: a major banking change to watch - Feb 26, 2012
I want to bring your attention to a significant article that is in the GET Team forum, posted by Leo.
Here is an excerpt ::::: BRICS may challenge for top World Bank job ::::: The United States has said it will nominate a replacement candidate but has not yet said who it will be.
The world's major emerging economies on Saturday rejected the tradition that an American automatically is selected to head the World Bank and they will look at putting forward their own candidate for the open job.
Read More Link On Right
_Finance chiefs from the BRICS group of emerging market powerhouses - Brazil, Russia, India, China and South Africa - met on the sidelines of a G20 meeting in Mexico City and agreed the top World Bank job should be open to all countries...
The United States has said it will nominate a replacement candidate but has not yet said who it will be... The State Department has said Clinton would not be taking the job.
This is one of the banking changes we need to watch. This is not about politics between countries. IMO, this is an indicator of the global reset. A WB head from outside of the G5 (Germany, Italy, France, UK, USA) would indicate a move away from the old financial system and towards the new one.
The old regime is based within the G5 countries (but does not represent all parties within those countries.) JMHO
We have seen the first part of this event -- the current WB head has chosen not to seek a second term. Now the role is opened up, and the opportunity is there for it to shift away from the old regime. The deadline for nominations is March 23, with the new head likely chosen in April. Let's see what happens.