The New American: The many establishment analysts who portrayed the Communist Chinese dictatorship’s new Asian Infrastructure Investment Bank (AIIB) as a supposed “rival” to the Western globalist-led international economic order must be awfully embarrassed right now.
And those who believed them, hoping the brutal Beijing regime’s bank was going to stand up to the World Bank-International Monetary Fund axis in particular, must be sorely disappointed. It turns out the scandal-plagued World Bank and the Communist Party of China-controlled AIIB are going to be proud partners in globalism.
Together, the organizations will seek to promote the dangerous agenda known as “sustainable development” while undermining national sovereignty across Asia by bankrolling regional integration.”
Opinion: China’s Asian Infrastructure Investment Bank (AIIB), is financing investment in Asian and emerging-market economies like Brazil , Russia, and India, as well as major European economies of France, Germany, and the UK, leaving the US left with a dwindling group of economic allies (Japan & Canada) protesting the AIIB.
Let’s follow China’s moves to establish financial dominance against the US dollar as the world reserve currency:
June 2014 China proposed doubling the registered capital of the Asian Infrastructure Investment Bank (AIIB), from $50 to $100 billion.
On March 28, 2015, Australia joined 56 nations in the AIIB, a gigantic blow to US prestige.
April 2015, Larry Summers, former Obama economic advisor: “I can think of no event since Bretton Woods comparable to the combination of China’s effort to establish a major new institution and the failure of the US to persuade dozens of its traditional allies, starting with Britain, to stay out of it.”
Summers added: “This past month may be remembered as the moment the United States lost its role as the underwriter of the global economic system.”
- December 2015, the AIIB articles of agreement are approved/Paris Climate Summit agreements on sustainable development are drafted
- January 2016, the AIIB is open for business
April 19, 2016, during the days of aggression highlighted in last Saturdays post, China launched the yuan gold fix challenging the role of the US dollar as the world reserve currency, and yesterday April 20, the World Bank announced a partnership with China’s AIIB on sustainable development.
The UN climate change agreement backed by China and the World Bank has new globalist clout. What is interesting is that China is exempt from CO2 peak mandates until 2030.
“The fourth beast shall be A fourth kingdom on earth, Which shall be different from all other kingdoms, And shall devour the whole earth, Trample it and break it in pieces.” Daniel 7:23