Attrition
Attrition
Part 1
The well established financial institutions in place currently, such as The World Bank, International Monetary Fund (IMF) and Asian Development bank (ADB) lending to Asia for infrastructural development has been a challenge for many countries, for it is primarily the good old’ Bretton Woods system of the West. The Western conditions are unfair to other countries because they don’t have a say just where the money from these organization can be applied. China and India for years have tried to negotiate with U.S. congress for more voting power than the four percent China has, while America and Japan is a little over fifteen percent. U.S. congress has denied the shift in voting power even when China is now the second largest economy in the world. China along with many other countries see this as truly disabling economic growth and unfair. Many countries are looking at the Western decisions made so far and the repercussion of forced manipulation by the FED and blatantly see how well that is working for the west and Japan as well as Europe.
This set the stage for the shocking announcement from China's President Xi Jinping that he will open a new investment bank, The Asia Infrastructure Investment Bank (AIIB) to create a new equality and strengthen cooperation and correlation in the international multilateral mechanisms. Asian developing countries needs are unfulfilled by the current situation and are in desperate need of such a bank. This would boost the Yuan and boost China's employment securing contracts from Chinese firms along with investing some of the $3.9 trillion in foreign reserves in commercial firms, most of all it would boost China's influence and power. This has made the U.S. and Japan uneasy China has invited many countries to sign the memorandum of understanding (MOU) they have till April 30 but opens April 15. I just wonder if it a coincidence it is on the U.S. tax day.
This move by China of course is to veer from the heavily U.S. influenced Asian Development bank (ADB) and The World Bank and International Monetary Fund (IMF). The system SWIFT has been the FEDs and U.S. Treasury’s money GPS system in Brussels, like when the U.S. government seized Japanese bonds worth over $134 billion, or tracked down and blocked $100 billion belonging to Iran. Since the U.S. levied the SWIFT sanctions and cut Iran off from the USD, the U.S. lost its leverage it didn’t matter to Iran. When the U.S. did it to Russia Putin went to China, truly anything he could have gained from the States China can fulfill. Over one hundred and thirty nations have major deals on using an alternative currency other than the dollar now. China and Russia have more in common than one would imagine regards to belief and history both leaders being very neologistic has gotten the attention from the Saudi empire they are enticed with the idea of a non-USD arrangement since drifting apart over Israeli settlements and conflict with the nuclear deal in Iran. The U.S. is dependent on Saudi oil and it holds the alliance together because the Saudi Kingdom needs (needed) U.S. security. The reduction in need for oil from America combined with profound disagreements on foreign policies has crumbled the alliance and friendship that served the two countries for many years. Since WW2 the two countries have had overlapping interests and the allies grew through the Cold War against the Soviet backed Egyptian force, the U.S. helped arm them though the 1960s civil war and again in the 1980’s against the soviets. The U.S. support for Israel with an oil embargo upset the Saudis in the 1970’s the Kingdom remained loyal to its alliance with the U.S. in fact pre Iran, it was Saudi money alone that funded Regan’s congressional ban ageist the rebels in Nicaragua. In the 1990’s Saudi Arabia welcomed over 500,000 U.S. troops inside their country to fight in the first war against Iraq. The former King of Saudi Arabia Riyadh not only lifted sanctions, then when rising prices in oil threatened the American economy he increased oil production for Washington. Why this is important? Because Riyadlh had lost confidence in the U.S. “security guarantee” Riyadlh showed his disdain by withdrawing the U.S. military air space used over Saudi Arabia forcing them to have to go around the Arabian Peninsula. After nine-eleven, the U.S. questioned the empires involvement and the rift between them didn’t stop with George Bush. Obama’s deal with Iran caused more conflict, adding the Palestine peace plan conflict between the two didn’t help. Obama embracing Mohammed Morsi the leader of the Muslim Brotherhood after turning his back on his American ally Hosni Mubarak infuriated Riyadh, so much so that he gave $12 billion to Abdel-Fattah El-Sissi for overthrowing Morsi and changed the relationship America had with Egypt for good. This has caused the Saudis to look elsewhere for a new alliance and China has welcomed them with open arms for the biggest oil producer in the world. China being the new chief customer for Saudi Arabia may have ensured the ideal place and time to move into the Petro-Yuan. The new King Salman bin Abdulaziz Al Saud has stated they want to punish Iran and Russia along with the U.S. trough the drop in purchasing price of their oil. This new found independence of Salman has extended in to world trade, he is on the market for new commercial relations and charting their very own policy path despite what the U.S. wants. The Saudi empire has enough cash reserves to do just about anything they want to. This is critical for the USD because of the Petrodollar agreement with Saudi Arabia and the U.S. free trade agreement with China. Good old Nixon was so eager to get involved in both situations. Now America could lose all allies and leverage for the now artificially propped up USD that was fought so hard for.
The reality that our world’s reserve currency is now debt based, the system we have implemented is not working on so many levels. The world’s reserve currency needs to be backed up by a real productive economy like China. The U.S. was warned by so many advisers that our Keynesian approach will fail and the debt based economic decisions will ruin the U.S. If the U.S. is judged by the company it keeps, what does it say when forty-six other countries are signed up and ready to go with AIIB except North Korea and the U.S. not saying that there is much in common, except both are run by delusional self absorbs governments. Others are jumping on board, the United Kingdom was the first NATO partners to announce they will be joining the AIIB and this sent shock waves through Washington as Spain France and Italy along with the Netherlands joined. Even Germany who is inching towards exiting out of the Euro has joined. The US, Japan along with North Korea is the only ones that stated that they have no intention or were rejected. North Korea was rejected and it is uncertain if the U.S. was as well, along with Japan it is said they refused. It seems that Russia is not so isolated anymore but the U.S. is. They are not invited to the party. Is this what happens when community organizer becomes president? I am sure he personally is not really making the decisions, but who then is the true puppet masters and why?
China along with the world has seen the empire of debt that the U.S. has created, sovereignty of client counties abused, disrespect to allies and the selfish nature of the U.S. Washington has not made too many friends along the way to global debt. Other countries would rather gamble on the historically corrupt Chinese empire and join a new unknown investment bank than deal with the reality of what our monetary system created. This move may not benefit the average Chinese citizen. However, the one percent of rich Chinese control more than a third of the country's wealth, and in 2012 real estate accounted for 70 percent of all household wealth, and now the Chinese are buying massive amounts of land worldwide. A few years ago, the U.S. would have never even assumed that any country would trust the Chinese central communist party for a reserve currency. I have a feeling this plan China is showing has been in the works for sometime now. China has been buying up assets in the U.S. and all over the world; they even wanted and offered to buy out Canada’s oil. China’s anti corruption and transparency campaign is starting to make sense now paving the way for other countries trust. Many are disgusted with the secrecy and manipulating the U.S. government and Federal Reserve have been doing for so long. Anything the U.S. can offer another country China believes they can too. China wouldn’t mind helping Iran out with a few war toys, since the U.S. would intervene any weapons shipped to Iran but turn a cheek to a Chinese warship destroyer passing through. Let us not overlook the multitude of sanctions surrounding Iran, they would be fools not to join this new and intriguing entity. On the other hand, possibly the U.S. overlooked the Joint military exercises these countries have been partaking in, doubting there advancements towards new alliances is Washington’s big mistake
Attrition
Part 1
The well established financial institutions in place currently, such as The World Bank, International Monetary Fund (IMF) and Asian Development bank (ADB) lending to Asia for infrastructural development has been a challenge for many countries, for it is primarily the good old’ Bretton Woods system of the West. The Western conditions are unfair to other countries because they don’t have a say just where the money from these organization can be applied. China and India for years have tried to negotiate with U.S. congress for more voting power than the four percent China has, while America and Japan is a little over fifteen percent. U.S. congress has denied the shift in voting power even when China is now the second largest economy in the world. China along with many other countries see this as truly disabling economic growth and unfair. Many countries are looking at the Western decisions made so far and the repercussion of forced manipulation by the FED and blatantly see how well that is working for the west and Japan as well as Europe.
This set the stage for the shocking announcement from China's President Xi Jinping that he will open a new investment bank, The Asia Infrastructure Investment Bank (AIIB) to create a new equality and strengthen cooperation and correlation in the international multilateral mechanisms. Asian developing countries needs are unfulfilled by the current situation and are in desperate need of such a bank. This would boost the Yuan and boost China's employment securing contracts from Chinese firms along with investing some of the $3.9 trillion in foreign reserves in commercial firms, most of all it would boost China's influence and power. This has made the U.S. and Japan uneasy China has invited many countries to sign the memorandum of understanding (MOU) they have till April 30 but opens April 15. I just wonder if it a coincidence it is on the U.S. tax day.
This move by China of course is to veer from the heavily U.S. influenced Asian Development bank (ADB) and The World Bank and International Monetary Fund (IMF). The system SWIFT has been the FEDs and U.S. Treasury’s money GPS system in Brussels, like when the U.S. government seized Japanese bonds worth over $134 billion, or tracked down and blocked $100 billion belonging to Iran. Since the U.S. levied the SWIFT sanctions and cut Iran off from the USD, the U.S. lost its leverage it didn’t matter to Iran. When the U.S. did it to Russia Putin went to China, truly anything he could have gained from the States China can fulfill. Over one hundred and thirty nations have major deals on using an alternative currency other than the dollar now. China and Russia have more in common than one would imagine regards to belief and history both leaders being very neologistic has gotten the attention from the Saudi empire they are enticed with the idea of a non-USD arrangement since drifting apart over Israeli settlements and conflict with the nuclear deal in Iran. The U.S. is dependent on Saudi oil and it holds the alliance together because the Saudi Kingdom needs (needed) U.S. security. The reduction in need for oil from America combined with profound disagreements on foreign policies has crumbled the alliance and friendship that served the two countries for many years. Since WW2 the two countries have had overlapping interests and the allies grew through the Cold War against the Soviet backed Egyptian force, the U.S. helped arm them though the 1960s civil war and again in the 1980’s against the soviets. The U.S. support for Israel with an oil embargo upset the Saudis in the 1970’s the Kingdom remained loyal to its alliance with the U.S. in fact pre Iran, it was Saudi money alone that funded Regan’s congressional ban ageist the rebels in Nicaragua. In the 1990’s Saudi Arabia welcomed over 500,000 U.S. troops inside their country to fight in the first war against Iraq. The former King of Saudi Arabia Riyadh not only lifted sanctions, then when rising prices in oil threatened the American economy he increased oil production for Washington. Why this is important? Because Riyadlh had lost confidence in the U.S. “security guarantee” Riyadlh showed his disdain by withdrawing the U.S. military air space used over Saudi Arabia forcing them to have to go around the Arabian Peninsula. After nine-eleven, the U.S. questioned the empires involvement and the rift between them didn’t stop with George Bush. Obama’s deal with Iran caused more conflict, adding the Palestine peace plan conflict between the two didn’t help. Obama embracing Mohammed Morsi the leader of the Muslim Brotherhood after turning his back on his American ally Hosni Mubarak infuriated Riyadh, so much so that he gave $12 billion to Abdel-Fattah El-Sissi for overthrowing Morsi and changed the relationship America had with Egypt for good. This has caused the Saudis to look elsewhere for a new alliance and China has welcomed them with open arms for the biggest oil producer in the world. China being the new chief customer for Saudi Arabia may have ensured the ideal place and time to move into the Petro-Yuan. The new King Salman bin Abdulaziz Al Saud has stated they want to punish Iran and Russia along with the U.S. trough the drop in purchasing price of their oil. This new found independence of Salman has extended in to world trade, he is on the market for new commercial relations and charting their very own policy path despite what the U.S. wants. The Saudi empire has enough cash reserves to do just about anything they want to. This is critical for the USD because of the Petrodollar agreement with Saudi Arabia and the U.S. free trade agreement with China. Good old Nixon was so eager to get involved in both situations. Now America could lose all allies and leverage for the now artificially propped up USD that was fought so hard for.
The reality that our world’s reserve currency is now debt based, the system we have implemented is not working on so many levels. The world’s reserve currency needs to be backed up by a real productive economy like China. The U.S. was warned by so many advisers that our Keynesian approach will fail and the debt based economic decisions will ruin the U.S. If the U.S. is judged by the company it keeps, what does it say when forty-six other countries are signed up and ready to go with AIIB except North Korea and the U.S. not saying that there is much in common, except both are run by delusional self absorbs governments. Others are jumping on board, the United Kingdom was the first NATO partners to announce they will be joining the AIIB and this sent shock waves through Washington as Spain France and Italy along with the Netherlands joined. Even Germany who is inching towards exiting out of the Euro has joined. The US, Japan along with North Korea is the only ones that stated that they have no intention or were rejected. North Korea was rejected and it is uncertain if the U.S. was as well, along with Japan it is said they refused. It seems that Russia is not so isolated anymore but the U.S. is. They are not invited to the party. Is this what happens when community organizer becomes president? I am sure he personally is not really making the decisions, but who then is the true puppet masters and why?
China along with the world has seen the empire of debt that the U.S. has created, sovereignty of client counties abused, disrespect to allies and the selfish nature of the U.S. Washington has not made too many friends along the way to global debt. Other countries would rather gamble on the historically corrupt Chinese empire and join a new unknown investment bank than deal with the reality of what our monetary system created. This move may not benefit the average Chinese citizen. However, the one percent of rich Chinese control more than a third of the country's wealth, and in 2012 real estate accounted for 70 percent of all household wealth, and now the Chinese are buying massive amounts of land worldwide. A few years ago, the U.S. would have never even assumed that any country would trust the Chinese central communist party for a reserve currency. I have a feeling this plan China is showing has been in the works for sometime now. China has been buying up assets in the U.S. and all over the world; they even wanted and offered to buy out Canada’s oil. China’s anti corruption and transparency campaign is starting to make sense now paving the way for other countries trust. Many are disgusted with the secrecy and manipulating the U.S. government and Federal Reserve have been doing for so long. Anything the U.S. can offer another country China believes they can too. China wouldn’t mind helping Iran out with a few war toys, since the U.S. would intervene any weapons shipped to Iran but turn a cheek to a Chinese warship destroyer passing through. Let us not overlook the multitude of sanctions surrounding Iran, they would be fools not to join this new and intriguing entity. On the other hand, possibly the U.S. overlooked the Joint military exercises these countries have been partaking in, doubting there advancements towards new alliances is Washington’s big mistake