{"id":362934,"date":"2018-05-26T21:55:49","date_gmt":"2018-05-26T20:55:49","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/abolish-the-imf-and-world-bank\/"},"modified":"2018-05-26T21:55:49","modified_gmt":"2018-05-26T20:55:49","slug":"abolish-the-imf-and-world-bank","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/abolish-the-imf-and-world-bank\/","title":{"rendered":"Abolish the IMF and World Bank"},"content":{"rendered":"
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The US dollar is becoming less appealing for investors as American debt continues to soar and the greenback is printed to cover it, investor Jim Rogers said at the St. Petersburg International Economic Forum (SPIEF).<\/p>\n

The American currency will lose the status of main reserve currency much sooner than 2030, Rogers said at the Valdai Club\u2019s discussion session, held as part of SPIEF.<\/p>\n

\u201cDollar is going to be higher than now because the turmoil is coming. Then, it is going to be overpriced and people will look around and say, \u2018America\u2019s got the largest debt in the history of the world. It\u2019s printing money as fast as it can,\u2019\u201d<\/em>\u00a0the investor said.<\/p>\n


\n\"\"<\/a><\/span><\/span>
\nInvestment Biker: Arou…<\/a><\/span><\/span>
\nJim Rogers<\/span>
\nBest Price: <\/span>$11.15<\/span><\/span>
\nBuy New <\/span>$6.85<\/span><\/span>
\n(as of 05:15 EDT – Details<\/span>)<\/span><\/span>
\n<\/a><\/span>
\n<\/span>People will look at what Brazil, Russia, China, India, Iran and other developing countries are doing, Rogers said.\u00a0\u201cThey are forming a competing currency right now,\u201d<\/em>\u00a0he added. So, the dollar alternative will come from the countries that\u00a0\u201chave been bossed by the US, and they don\u2019t like it, but have enough power to do something about it.\u201d<\/em><\/p>\n

Rogers went on to say that organizations such as the International Monetary Fund and the World Bank\u00a0\u201chave never been right about anything\u201d<\/em>\u00a0and should be abolished, since they have been politically dependent on the United States for decades.<\/p>\n

Speaking separately to RT, the businessman said that sanctions and trade wars are the biggest threat to the world\u2019s economic stability.\u00a0\u201cThe world has learned throughout history that closing off is not good, opening up is good,\u201d<\/em>\u00a0Rogers said.<\/p>\n

Reprinted from RT News<\/a>.<\/em><\/p>\n<\/p><\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The US dollar is becoming less appealing for investors as American debt continues to soar and the greenback is printed to cover it, investor Jim Rogers said at the St. Petersburg International Economic Forum (SPIEF). The American currency will lose the status of main reserve currency much sooner than 2030, Rogers said at the Valdai […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-362934","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/362934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=362934"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/362934\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=362934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=362934"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=362934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}