The Wold Bank is a global financial institution (a very big bank) that lends money to countries in return for a repayment plus interest.

The stated goal of the World Bank is to enable countries to develop through the use of low interest loands and interest free credits which would appear noble enough, but neither of these things comes without a price.

The organisation was first cooked up at the Bretton Woods conference of 1944 which was a gathering of Allied nations at the close of World War 2, whereby they decided upon the methods of regulating international monetary systems.

Of course on the face of things this seems like a great idea, everyone clubs some money together to lend to needy friends so they can get back on their feet again and then repay the cash. The downside here is that despite the honourable clothing there lurks a wolf inside. The World Bank being largely funded by imaginary money - digital money from the fixed gambling dens of the stock exchange. In short people take a bet with the World Bank on the poor countries making money and repaying their loans and their reward is profit. So lets be clear about that, this is a non elected financial institution funded by gamblers seeking to make a profit. Now that is not a recipe for bonafide social development.

This of course places a huge burden on the countries who they have taken a punt on, and often in order to leverage the maximum return these countries are subjected to some coercion when it comes to how the money is spent and who with. Oddly this often means they are loaned money but then forced to hire foreign firms - from countries who are gambling members of the world bank.

It seems an absolute oddity for people who deny the existence of a new world order to openly talk about a 'world bank' - hello? World Bank, Bank of the World, could it be more out in the open than that?

On May 30, 2007, US President George W. Bush nominated former deputy secretary of state Robert Zoellick to succeed Paul Wolfowitz as President of the World Bank Group. The Executive Directors unanimously approved Zoellick, effective July 1, 2007, as the 11th President of the Bank for a five-year term. Robert Zoellick is the former Deputy Secretary of the U.S. State Department and the former Chairman of Goldman Sachs' Board of International Advisors. He graduated magna cum laude from Harvard Law School and Phi Beta Kappa from Swarthmore College.

The connection bewteen Goldman Sachs, the US government, and world institutions such as the World Bank can be explored and time and time again you will see the same organisational connections between them all.

A Brief Overview of the World Bank and IMF - John Pilger