China Unveils a Dangerous New Economic Weapon During a Perfectly Timed Distraction

Caption: Representatives of the founding nations of the Asian Infrastructure Investment Bank applaud after Chinese President Xi Jinping unveiled a sculpture during the bank’s opening ceremony in Beijing on January 16. (MARK SCHIEFELBEIN/AFP/Getty Images)

 

China’s new Asian International Investment Bank could upset the balance of power in Asia.

On January 16, China inaugurated its new international investment bank. In a lavish, ribbon-cutting ceremony at the renowned Diaoyutai State Guesthouse in Beijing, Chinese President Xi Jinping told the assembled dignitaries that they were part of “a historical moment.”

Yet most people totally missed the significance.

While Xi was inaugurating the Asian Infrastructure Investment Bank (aiib)—a project that former United States Treasury Secretary Larry Summers earlier called a “wake-up call” for America and the most important economic event since America led the world off the gold standard in 1971—the world was focused on collapsing stock indexes.

And for good reason.

China may use microwave weapon against maritime rivals

The WB-1 microwave directed energy weapon mounted on a truck. (Internet photo)

 

China is likely to deploy its newly designed WB-1 microwave directed energy weapon against Philippine and Vietnamese vessels in the contested South China Sea, according to the state run Reference News on July 27.