Women That Are Man Enough: Girls Who Run the World

Men have had their stab at making the world into what they wanted and they made a pretty poor show of it all we might say when we look at the economy. Except men being men, they think that they came out tops, most probably. Men still run the show for the moment, but it’s the women that are moving up the ranks and soon, the most influential women in the world be so because it’s women that either hold or look as if they will get to hold the real positions of authority in the world.

From running countries to controlling the money supply and dictating to governments about what they should do, the most influential organizations and institutions in the world are already run by women or will be most probably in the next few years.

But, do the women have what it takes to run the show and make a better hash of what the men have done?

So, who are or will most likely be the women that run the world tomorrow? What effect will they have rather than the Dominique Strauss-Kahn and Larry Summers types, the alpha testosterone-filled males, when it comes to dealing with a debt crisis in China, the housing bubble in the UK, the on-going Eurozone crisis and the vulnerability of the US economy and generalized stagnation of employment in the Western world? Will they have just what it takes?

1. Yellen

Power of Women

Power of Women

Larry Summers withdrew from the Federal-Reserve-chairmanship race just a few days ago amid screaming and shouting that he wasn’t the man that would be able to do the job. But, will Janet Yellen be man enough now that she looks as if she is a top contender?

If you fancy a bet, the odds stand at 7 to 1 chance of her being appointed. Some might argue that she is just damaged goods because she has been the Federal Reserve Vice-Chairman and must be partly (at least) responsible for the foul-ups that have taken place over the past few years working under Ben Bernanke. Nobody likes getting dished up left-overs and being forced fed them, do they?

Yellen might be the favorite of the stock market (according to recent polls because she is unlikely to implement tapering), but it has been reported that favoritism doesn’t wash with President Obama. Apparently, he hasn’t taken favorably to the fact that the people’s choice might have gone with Yellen. He may end up looking somewhere else to get the Federal Reserve hot-seat filled.

But, quite honestly, who would want the job? You are hardly going to redress the predicament that has been brought on by the Fed and by Bernanke, are you?

Yellen has been Vice-Chairman since October 2010 and if she does get appointed she will become the first No. 2 to get elevated to the ranks of No. 1 at the Federal Reserve for nearly 100 years. There has never been a single Vice Chairman of the Federal Reserve out of a total of 19 that has ever got to the top position. The Vice-Chairman have just been forgotten to collect dust like old books. Who remembers Ronald Ransom or C. Canby Balderston? Who will remember Janet Yellen, unless she gets appointed of course? Nice to keep on a shelf, but it’s only dirty books that don’t gather dust I heard it once said.

But, the chances look as if she will be appointed as the White House has started to gauge support for her and she looks as if she’s getting it. Senator Charles Schumer (No.3 Democrat in the Senate and member of the Banking Committee) stated that Yellen would be an ‘excellent choice’.

Whatever happens, the Chairman of the Federal Reserve has to be one of the most powerful economic positions in the world, doesn’t it?

2. Merkel

Angela Merkel is considered to be the most powerful women in the entire world as Chancellor of Germany. On Sunday September 22nd her fate will be sealed as the German people go to the polls. Germany is the European Union’s largest economy and the latest polls tip Angela Merkel to be reelected at the head of the country and retain her position as the most powerful woman in the world today. But she only has 38% of the votes in recent polls that were published today. If she is reelected for her third mandate then that in itself will be a historic sign of what the Germans actually think of her since the majority of leaders were ousted in the elections that followed the financial crisis. She does look as if she may have to share power with the Social Democrats (as she did during her first mandate in 2005-2009.

The question is not so much whether or not she will get in but with whom she will be running the country.

Merkel might well be able to boast the advantage of having one of the lowest levels of unemployment in the European Union (currently at around 6.8%), but she will have trouble defending the fact that there are 7 million people in Germany that earn less than 8.5 euros per hour and that is one of the lowest salaries in the EU today. She may be powerful, but when that power only means that people are reduced to positions of slavery to the state, that power is not worth giving to anyone.

Germany is one of the most-powerfully economic countries in the world. It exported more goods than any other country in the world except for China and it has a share of world trade that stands at 9% in the global rankings. China exports to the tune of about $1, 202 billion while Germany exports about $1, 121 billion of goods.

3. Lagarde

Christine Lagarde is considered the 7th most powerful woman in the world as the Managing Director of the International Monetary Fund. The International Monetary Fund must most certainly be one of the most powerful institutions in monetary terms on the global financial scene today.

The IMF is the third largest holder (officially) of gold in the world, with 90.5 million troy ounces (or 2, 814.1 metric tons). Although the use that it is able to make of that gold is limited. The IMF lent some $188 billion (with $40 billion going to Greece) in the immediate wake of the financial crisis (between 2008 and 2010) and that sum has increased enormously every year since then. The IMF was prepared to stand ready to dish out over $300 billion if needed.

4. Clinton

If Hilary Clinton, as the world’s 5th most-powerful women today, gets elected as President of the USA in 2016, then she is considerably likely to move up to position number one. Clinton is former US Secretary of State and now-retired Senator and could well be in the running for the Democrats to try her luck at the top job in the US.

Her popularity stood at over 60% in February 2013, but it has since declined by 10%. Although, if we are honest, it’s not hard to be popular, despite that fall in her ratings, when you are not in the public eye ready and willing to make a foul up to be caught by the cameras.

The only thing left to do is to get rid of Mario Draghi at the head of the European Central Bank and the plan will be fully complete.

If it’s not the robots that take over the futuristic modern society that has come of age today, then it’s the women that are being elevated to the highest and most powerful ranks in the world. The most powerful women this year are as follows:

  • Angela Merkel, Chancellor of Germany
  • Dilma Rousseff, President of Brazil
  • Melinda Gates, Co-Chairman of the Bill and Melinda Gates Foundation
  • Michelle Obama, First Lady of the USA
  • Hilary Clinton, Former 67th US Secretary of State
  • Sheryl Sandberg, Chief Operating Officer Facebook
  • Christine Lagarde, Managing Director International Monetary und
  • Janet Napolitano, Secretary of Department of Homeland Security
  • Sonia Gandhi, President of the Indian National Congress
  • Indra Nooyi, Chief Executive Officer PepsiCo

Who are we? What we run?! The world. Yes, even singer Beyonce comes in at position number 17. So, maybe the others are quite not as powerful as we might have once thought.

Some of them might well raise a few eyebrows and we might well ask why they are even in the list in the top ten as finding just what they do these days might be a time-consuming task.

But, he, or rather she who seeks might just well find. Keep looking!

About The Author

tothetick

Professional team of writers/analysts analyzing the financial markets.

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