excerpt> With 32 countries on board and more expected in the coming days, Chinese state media have begun to gloat about the failure of the Obama administration to rally even its closest allies and trading partners to shun the Asian Infrastructure Investment Bank. They noted that U.S. officials have long lectured China, now the world’s second-largest economy, to take a more active “stakeholder” role in global economic affairs, but then tried to undermine the investment bank almost from the time Chinese President Xi Jinping floated the idea of an Asian development fund during a trip to Indonesia in October 2013.
To start with, so far the total amount of lending by these banks is $0. There is a long list of international institutions that were created with much fanfare only to be relegated to the footnotes of world history (if that). UPenn political scientist Julia Gray estimates that of formally existing international economic organizations 10 percent are essentially dead and 38 percent are “comatose.” I suspect that the AIIB will not fall into either category in the near future (I am less confident about the BRICS bank). But the jury is still out on just how important a player it will be. AIIB lending may replace some World Bank lending but it will also replace some Chinese bilateral aid and some Asian Development Bank lending. It is not really clear at all why modest shifts in the distribution of where aid comes from will have seismic geopolitical consequences.
Blah, blah, blah crayons... Your right wing-nut Bush was no better..
same to you jack, but the writing is on the wall, thanks to all the failed obozo nationbuilding/destruction this is what you reap. Now on the other hand we were signed on to all of this junk,derivative debt by the fed by both parties who have no interest period in what we have to say about it, Incremental destruction in overdrive is the name of this tune, Know It?
DedovixBig Place, Central Serbia Serbia5,492 posts
Taken from an article; "It seems many countries are growing tired of the U.S.'s arbitrary economic sanctions, playing politics with the SWIFT system, dollar manipulation of commodities, strangling IMF and World Bank debt with unequal representation in those institutions. Not to mention the ruthless violence used to protect this racket.
China is tired of waiting to be granted more power in international banks so they're creating their own opportunities around the world. They're involved in creating the BRICS development bank"
and the response to that article ,one that I agree with; "Am I the only one who thinks this is a scam ? The same people who are responsible for the mess the central banks have got us all into are now jumping on the BRICS bank. It is a sure fire way to make sure this new challenge to the Rothschild run empire of usury based banks continues."
Dedovix: Taken from an article; "It seems many countries are growing tired of the U.S.'s arbitrary economic sanctions, playing politics with the SWIFT system, dollar manipulation of commodities, strangling IMF and World Bank debt with unequal representation in those institutions. Not to mention the ruthless violence used to protect this racket.
China is tired of waiting to be granted more power in international banks so they're creating their own opportunities around the world. They're involved in creating the BRICS development bank"
and the response to that article ,one that I agree with; "Am I the only one who thinks this is a scam ? The same people who are responsible for the mess the central banks have got us all into are now jumping on the BRICS bank. It is a sure fire way to make sure this new challenge to the Rothschild run empire of usury based banks continues."
absolutely correct and since this is an international site maybe others will see this.
Harryonline: Is this a recipe for more - Fractional reserve banking ? (i.e printing money out of air)
from what I read about this over the last 2 years china has been taking the fiat dollar buying up all our gold and silver, Harvey organ was pointing this out for several years now & got booted from google, its supposed to be a gold backed currency, and we could have done that and played nice, but the lucy's got greedy, floating bad debt, derivatives etc, like it was worth something, throw in market rigging , laundering drug money, over the top corruption, zero interest rates, bailins, bailouts,bribing congress over cromnibus, on and on and on.
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March 18,2015
excerpt>
With 32 countries on board and more expected in the coming days, Chinese state media have begun to gloat about the failure of the Obama administration to rally even its closest allies and trading partners to shun the Asian Infrastructure Investment Bank. They noted that U.S. officials have long lectured China, now the world’s second-largest economy, to take a more active “stakeholder” role in global economic affairs, but then tried to undermine the investment bank almost from the time Chinese President Xi Jinping floated the idea of an Asian development fund during a trip to Indonesia in October 2013.