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

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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.

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Chinese president launches new AIIB development bank as power balance shifts

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Jin Liqun, the first president of the Asian Infrastructure Investment Bank, speaks during the bank’s opening ceremony in Beijing on Jan. 16. (AP Photo)

 

 

BEIJING–Chinese President Xi Jinping launched a new international development bank seen as a rival to the U.S.-led World Bank at a lavish ceremony on Jan. 16, as Beijing seeks to change the unwritten rules of global development finance.

Despite opposition from Washington, U.S. allies including Australia, Britain, German, Italy, the Philippines and South Korea have agreed to join the Asian Infrastructure Investment Bank (AIIB) in recognition of China’s growing economic clout.

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AIIB Gaining Momentum Into 2016

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Caption: Chinese President Xi Jinping (front center) poses with the delegates attending the signing ceremony for the Articles of Agreement of the AIIB on June 29, 2015. (WANG ZHAO/AFP/Getty Images)

 

China’s latest economic weapon

Entering 2016, the Asian Infrastructure Investment Bank (aiib) is preparing to take leaps and bounds. The rise of this bank should have the world, and particularly the United States, on high alert. The success of the aiib heralds the dawn of a new era in Asia—one increasingly influenced by China.

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The IMF Just Entered The Cold War, Forgives Ukraine’s Debt To Russia

Since 1947 when it really started operations, the World Bank has acted as a branch of the U.S. Defense Department, from its first major chairman John J. McCloy through Robert McNamara to Robert Zoellick and neocon Paul Wolfowitz. From the outset, it has promoted U.S. exports – especially farm exports – by steering Third World countries to produce plantation crops rather than feeding their own populations. (They are to import U.S. grain.) But it has felt obliged to wrap its U.S. export promotion and support for the dollar area in an ostensibly internationalist rhetoric, as if what’s good for the United States is good for the world. Continue reading

Consistencies in Western Hegemonic Policy

DAMASCUS/MOSCOW/WASHINGTON/BERLIN (Own report) – Berlin has sharply criticized Russian bombing raids in Syria. In a joint declaration with governments of several allied countries, including Turkey and Saudi Arabia, the German government claims the Russian Air Force did not target the “Islamic State” (IS) but the “Syrian opposition and civilians,” and calls on Moscow to “immediately cease” these attacks. Russian bombers, however, have not only hit bases of the IS and other jihadi militias, but also the facilities of western-armed combatants, participating in the al-Nusra Front’s offensive. Al-Nusra is the Syrian branch of al Qaeda, the primary target in the West’s post 9/11 “War on Terror.” The Russian air raids highlight a significant increase of Moscow’s influence in the Middle East and the growing influence of non-Western powers in world affairs. They are another blow to western global hegemony.

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China to Rearrange World Financial System – German Media

With the establishment of the Asian Infrastructure Investment Bank (AIIB), China has started to reorganize the world’s financial system. Asian countries are no longer solely dependent on the IMF and the World Bank and able to have a major influence on world’s financial markets, DWN reported.

The establishment of the bank is one of the biggest geopolitical successes of China in recent years, the newspaper wrote. It would help the country to counterbalance the IMF and the World Bank, which are dominated by the US.

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Renminbi could overtake US dollar in a decade: economist

The renminbi could overtake the leadership of the US dollar as an international trade currency with China’s creation of the Asian Infrastructure Investment Bank (AIIB) and its energy alliance with Russia, writes the Beijing-based Reference News. Continue reading

Australia to Become 6th Largest Shareholder in AIIB

Australia says it will become a founding member of a Chinese-led Asian regional bank and its sixth largest shareholder. Continue reading

Debt, War and Empire By Other Means

This is how the Fourth Reich is coming to be. If you’re still looking for Nazis, you’re 70 years too late. The German hegemony is conquering through other means.

You have not anchored Germany to Europe,… You have anchored Europe to a newly dominant, unified Germany. In the end, my friends, you’ll find it will not work.

– Margaret Thatcher

 How right she was.

 

 

This video below may help one to understand some of the seemingly obtuse demands from the Troika with regard to Greece.

The video is a bit dated, but the debt scheme it describes remains largely unchanged. The primary development has been the creation of an experiment called the European Union and the character of the targets.   One might also look to the wars of ‘preventative intervention’ and ‘colour revolutions’ that raise up puppet regimes for examples of more contemporary economic spoliation.

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“Obama Is Destroying Europe”, “Dragging It Into A Crusade Against Russia” Says Former French PM

Für deutsche Leser die Ihre Nachrichten auf Deutsch lesen möchten oder Leute, die Deutsch verstehen kann, klicken Sie bitte den Link ganz unten auf.

A large portion of the English translated version will remain here.

 

While on the surface the European leaders of G-7 nations are all smiles in their photo-ops next to US president Barack Obama, there is an unmistakable tension and simmering resentment at the US for forcing Europe into America’s personal crusades.

Today, Europe is not independent… The US is drawing us [the EU] into a crusade against Russia, which contradicts the interests of Europe,” said the former French Prime Minister Fillon while the chief economist at Bremer Landesbank adds that as a result of US policies “unmeasurable damage lies in an elevated geopolitical risk situation for the people in the EU.” Continue reading

Claims to Western Superiority

ELMAU/MOSCOW (Own report) – On the occasion of the G7 summit in Elmau, Bavaria, German government advisors are discussing the significance of the cohesion among the leading western powers. For quite a while, the G7 and G8 have been a sort of global policy “steering committee,” according to a recent analysis published by the German Council on Foreign Relations (DGAP). For the first time in 2008, the global financial crisis compelled the G8 to include other industrial and emerging countries in global consultations in the framework of the G20. By setting the agenda for the G20, the G7 seeks to safeguard its “leadership role” in global policy. At the same time, in Berlin one hears that Russia’s exclusion cannot be permanently advantageous. Since its exclusion, Moscow has become even more engaged in the BRICS alliance. Commenting on BRICS’ aims, experts write that its members are striving to “pit their collective political clout against the North’s claims of its superiority.” In a few weeks, BRICS will decide on operative steps in establishing a New Development Bank. As an alternative to the World Bank, it should become operational by the end of the year. Steps are also planned to undermine the US Dollar’s hegemony.

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Deathblow to the Dollar

The future is sealed, and it’s not a matter of ‘if’ but ‘when’. If you’ve been paying attention to the news of lately, you will have noticed a lot of predictions for September, 2015. Could the experts be on to something? As far as a specified date is concerned, we’ll soon see.

 

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The world is entering a new economic era—one that won’t be defined by America.

This past March marked a radical turning point for the global economy, particularly the United States’ economic dominance.

China proposed the launch of the Asian Infrastructure Investment Bank (aiib)—a new, Chinese-run international bank specifically designed to challenge U.S. global economic leadership. America tried to convince other nations not to agree to join. But it failed—even with its closest allies.

For the U.S., it was an unmitigated disaster.

It should be a “wake-up call,” to a “new economic era,” wrote former Treasury Secretary Larry Summers.

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Greece to Escape West’s Chokehold by Joining BRICS Bank – European Lawmaker

Last week, Russia invited Greece to become the sixth member of the BRICS New Development Bank.

MOSCOW (Sputnik), Daria Chernyshova — Greece could climb out of the debt hole created for it by International Monetary Fund (IMF) and the World Bank if it accepts Russia’s proposal to join the BRICS New Development Bank (NDB), Sofia Sakorafa, a member of the European Parliament from the Greek ruling Syriza party, told Sputnik on Monday. Continue reading

Putin undeterred by $32 billion in capital flight, continues assault on dollar’s role

Fearing the collapse of the Russian financial system and burdensome Western sanctions in the aftermath of the Ukraine crisis, investors and businesses moved more than $32.6 billion in assets outside of Russia, primarily to offshore accounts, in the first quarter of 2015, according to reports.

Capital flight has several negative effects on the Russian economy, including the loss of tax revenue and the reduction in funding available for investment.

Lack of investment funding also delays attempts to modernize the economy. The Center for Macroeconomic Analysis and short-term forecasts assesses that investment activity is down 20 percent since 2013. Continue reading

The Decline & Fall of the United States on Schedule

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QUESTION: Mr. Armstrong;

I read your essay on the 224 year cycle and the peak in the United States would occur April 22, 2013. That was the start of Obama’s Syrian invasion argument. I must say, I am blown away with the accuracy of your work. I read an article in the newspaper here that highlighted this event as the decline of America as a world power. Can you explain how or why your models are so refined? From that target all you read about now outside the United States is how America is collapsing as a world power on every front from China, Europe, and Russia.

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