| The Next President of the World Bank? |
U.S. Secretary of State Hillary Clinton and former White House economic adviser Lawrence Summers are two leading candidates to succeed World Bank President Robert Zoellick when he leaves in June, said two people familiar with Obama administration discussions.
The U.S. promised a candidate “in the coming weeks” for the post that has always been held by one of its citizens, while officials from Brazil and Mexico vowed to make the selection process open to emerging markets.
“It is very important that we continue to have strong, effective leadership in this important institution,” Treasury Secretary Timothy F. Geithner said in an e-mail yesterday, four hours after Zoellick, 58, announced he will leave at the end of his five-year term. The U.S. choice will have “the experience and requisite qualities to take this institution forward,” Geithner said.
While Summers has expressed interest in the position and has supporters inside the administration, the position would be Clinton’s if she sought it, according to the people, who spoke on condition of anonymity about the private conversations.
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And for those who don't remember (or didn't write it down) Jim Sinclair's prediction on the replacement of the US dollar this June:
Dear Friends,
Here is my New Years gift to you, my extended family.
There is no way that the CONSEQUENCES of the largest creation of paper money since it was invented can be avoided or even modified. Odds now favor Alf Field’s price objective.
January 14th 2011 to June 21st, 2012:
The best part of this gift is not the one you already know, which is January 14th 2011, but rather the date that a new currency form will replace the form of the US dollar as you know it today which is the third week of June 2012.
Don’t laugh! Write this down and do not forget about it!
Happy (sort of) New Year,
Jim
