Video: Is The Dollar Done As The World's Reserve Currency? (Bloomberg Interview With World Bank President Robert Zoellick)
Oct 2, 2009 at 5:32 PM
DailyBail in currencies, economic video, euro, federal reserve, federal reserve, financial crisis, financial crisis, robert zoellick, us dollar, video, world bank, yuan

Nicely-done 2 part sit-down from Tuesday with Bloomberg's Peter Cook and Robert Zoellick, President of The World Bank.  Summarized, Zoellick supports a strong U.S. Dollar (big shock), but warns that for many reasons the global markets need to work towards an alternative reserve currency.  Will it be the Euro (fat chance), the Yuan-Remninbi, or something entirely new? 

Zoellick also places himself into the debate on new financial regulation saying the Treasury and not the Federal Reserve should be granted greater power.  He takes a clean shot at the Fed, labeling the cabal a group of too-powerful technocrats.  Take that Bernanke.

Watch

Two-minute summary of Zoellick's speech at Johns Hopkins from Tuesday.

 

(Part 1) Bloomberg

 

(Part 2) Exclusive - Zoellick Speaks Out on Economic Recovery, and the Future of the World Bank (Bloomberg News)

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