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US Officially Loses Battle Over China-Led Investment Bank
Add the IMF to the (now long) list of those who apparently share the UK’s view that joining the China-led Asian Infrastructure Investment Bank is an “unrivaled opportunity,” as Christine Largarde says her institution not only sees a “massive” opportunity for cooperation with the AIIB but is also “delighted” to explore the possibilities. Here’s more from BBC:
International Monetary Fund chief Christine Lagarde has said the IMF would be "delighted" to co-operate with the China-led Asian Infrastructure Investment Bank...
Mrs Lagarde said there was "massive" room for IMF co-operation with the AIIB on infrastructure financing.
Mrs Lagarde, speaking at the opening of the China Development Forum in Beijing, also said she believed that the World Bank would co-operate with the AIIB.
Meanwhile, Switzerland is now on board and India, Indonesia, and New Zealand are reportedly set to follow. As a reminder, the deadline for applications is the end of this month and it appears that the UK’s move to become a founding member has suddenly made the AIIB the coolest club on the block. Australia is expected to tender a “qualified yes” tomorrow.
From The Australian Financial Review:
The Asian Infrastructure Investment Bank is expected to receive, in principle, endorsement from Federal Cabinet on Monday but the government will continue to make Australia's full participation dependent on the adoption of appropriate governance standards.
The government is set to maintain a common front with Japan and South Korea on how the bank will be run despite backing away from its previous opposition to joining last October, amid divisions in Cabinet.
"There will be a decision – but with caveats around governance," a government source said emphasising that no one country should dominate the bank.
All three countries are under pressure to join the AIIB by the end of the month deadline set by China for foundation membership status that will allow the original countries to decide on future membership.
Despite being opposed to the AIIB, the Japanese government appeared to split over joining on Friday when Finance Minister Taro Aso said Japan could join if the conditions were right while other officials said the position had not changed.
The bank’s secretary general Jin Liqun says he expects 35 countries to apply for membership by the deadline but does note that the US has nothing to fear from the institution which he explains is not a competitor the ADB but rather an unassuming “lean, clean, and green” multinational talent scout backed by the support of everyone but Washington. Nothing threatening about that.
From Bloomberg:
- AIIB is complementary to the Asian Development Bank, Jin says at forum in Beijing today
- AIIB founding countries to exceed 35 at end of this month, Jin says
- China will dilute its own share in AIIB as more countries join, Jin says
- China will act as a multilateral partner in AIIB, Jin says
- China will respect international standards in setting up AIIB, Jin says
- AIIB will recruit talented people from all over the world, Jin says
- AIIB will be lean, clean and green, Jin says
Jin’s conciliatory (and unmistakenly patronizing) remarks notwithstanding, it’s impossible to not see this for exactly what it is: a shift away from US hegemony. Here’s The Economist to explain exactly what we’ve been saying for months:
The AIIB is but one of a number of new institutions launched by China, apparently in frustration at the failure of the existing international order to accommodate its astonishing rise. Efforts to reform the International Monetary Fund are stalled in the American Congress. America retains its traditional grip on the management of the World Bank. The Manila-based Asian Development Bank (ADB) is always directed by a Japanese official. Partly for that reason—that the AIIB would amount to a diminution of Japanese influence in favour of China at a time when their relations are fraught—Japan is sniffy about the new bank. Its cabinet secretary, Yoshihide Suga, this week repeated that Japan will “carefully study” the AIIB’s governance standards…
China, flush with the world’s biggest foreign-exchange reserves and anxious to convert them into “soft power”, is building an alternative architecture. It has proposed not just the AIIB, but a New Development Bank with its “BRICS” partners—Brazil, Russia, India and South Africa—and a Silk Road development fund to boost “connectivity” with its Central Asian neighbours…
Despite the obvious need, America has, either by design or ineptitude, turned the AIIB into a test of diplomatic strength. That has proved a disaster. Its officials have, anonymously, rebuked Britain for its “constant accommodation” of China—and many observers would agree that they have a point. But that its closest allies have proved so keen to court China’s favour and so willing to flout American views suggests America picked the wrong fight.
* * *
So there you have it. Washington picked a completely unnecessary fight with China over the ostensibly non-contentious topic of infrastructure development because the US can’t stand the fact that traditionally US-dominated multinational institutions are on the verge of being supplanted by sinocentric ambition — and lost. Apparently though, the White House is now out to prove that if it can’t win a war fought with infrastructure development dollars it can still win a war fought with bullets, as evidenced by the “line” of soldiers and armed vehicles in place on or near the Russian border.
And for any country that’s still on the fence with regard to joining the standardless abomination seeking to undermine the ADB, Jack Lew has a tough question for you:
"Will it protect the rights of workers, the environment, will it deal with corruption issues appropriately?"
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I think I just heard the dollar collapse!
That was a bag of cocaine you heard, the dollars been a rising.
The dollar and all fiat currency are worthless debt intruments.
if a dollar collapses in the woods....does it still make a sound....
"Will it protect the workers and the environment?"
Great question Jack Lew! and the Answer is no, because no government organization does! Now do everyone a favor and kill yourself.
Losing the UK hurt the US Dollar dominance. Losing Australia and Japan will be the end of the trans-Pacific hegemony. But losing Switzerland means the bankers are sick and tired of the nonsense our government and the Fed are playing on a daily basis. This divorce will be fugly.
De-Dollarization Accelerates as Switzerland Quietly Wields a Big Bank Stick by Joining the Chinese Founded AIIBReally, Zero Hedge? Really? THIS is what passes for news and analysis on this Domestic Extremists' favorite Website these days? This is what's important to you? And you wonder why you're not taken seriously like the great Huffington Post and DailyKos?
This shit doesn't matter, you Domestic Extremists. Do you want to know what matters?
Black lives matter! Hundreds and thousands of brave souls who risk their lives crossing our border everyday hoping not to get caught by a bunch of racial profiling racist agents matter! Millions of undocumented human beings who just want to be left alone and get their free healthcare and free education and free food matter! Millions and millions more Americans and public employees and their families who are fighting day and night for their right to live their lives luxuriously off of your tax dollars matter! Millions of innocent womyn who just want you to pay for their birth control pills so that they can enjoy their God-given right to fuck without getting knocked up matter! Gay lives matter! Transvestites' lives matter! Lesbians' lives matter! Our government and their right to spend your money and run your lives matters!
I weep for you Domestic Extremists. Trayvon Martin didn't die for this. Michael Brown didn't die for this. Do yourself a favor and, as Howard Schultz of Starbucks suggested, go talk to your baristas about racism. You will be enlightened. I can only hope.
Oh whoops! You forgot the tag! Here, I will loan you one of mine ---> SARCASM
Of course the USSA hates the China Led Invesment Bank, they cannot control it, steal it, extort or threaten it. Criminals hate competition.
You can have empathy and still understand the current economic and fiscal policy is irrational. Try not to be such a dick.
Man who tell someone to blow it out ass need to first make sure that ass not pointed at face.
Neoconfucious
MDB should give you some pointers.
He is the master of sarcastic buffoonery.
I dunno, bulldog, he made me laugh. And, judging by the downvotes, some of us were successfully trolled!
mdb is funny.
this guy is just annoying.
all those shiny dollaz usa regime used in bribing aka lobbying south korea and australia were wasted .
~ Thug Life
In addition to all the lives and dollars wasted in Afghanistan and Iraq. The US is worse than a venture capitalist before dot com bust. Throwing money all over the place. Its kinda like malinvestment gone wild. With ZIRP, anything is possible
Jack Lew..., are you shitting us?
somebody page John Perkins...
Jacob Jew is a son of a bitch
Just like all the other slave owning AIPAC members.
Foward progressive soldier! We can't have a middle class now, can we? Couldn't have done it without you useful idiots. Thanks again!
-Marx from the grave
The stupidset thing you can to yourself, is put cocaine up your nose, the second stupidest thing you can do to yourself, is put cocaine in your belly, and thirdly, i'm scared to death of needles.
I can hardly wait until there's a black market for rubles and yuan in front of our banks ... just like there is for the dollar in Russia and China. I can see it now... some guy coming up to me in the subway asking me if I want to buy RMB's or rubles, and if not, 'How about a genuine APPL wrist watch?" as he slides his sleeve up dispalying his dozen or so 'authentic' APPL igoods for sale.
Best of all, he'll only accept gold or silver coins!
what would really really really be scary is if Bitcoin becomes more sought after currency than the USD
why would that be scary at all?
it's a currency that's not printed at will by a central bank.
if the dollar goes away and is replaced by bitcoin, that means no more funding for wars and military aggression, no funding for the nsa, irs, fbi, atf, no funding for the cia (except what they earn from coke and herion smuggling), etc.
sounds pretty nice to me.
At nearly the same time Russia linked the RUB to RMB which further negates west attack on Ruble, since RMB close peg to dollar. In order to maintain import prices. LOL.
Chinese have saying "easy to break one chopstick, but not easy to break five together".
Bye bye USD
TeamObama really needs a win right about now, it's been 6 years and I can't think of any. Looks like we also really dodged a bullet in 2004 when Kerry lost his presidential bid, I mean that guy is like the George Costanza of diplomacy...just do the opposite, Vandelay Industries territory
No, Team O'Dicktaster is looking for another LOSS right now!
Countries are looking out for their own sovereign interests.
I take the the USSA's argument was threats that if you join they will fuck you up.
The US dollar as unlimited credit card is coming to an end.
I think I just heard the dollar collapse!
Thank you. You just answered this question: If the dollar falls and no one is around to hear it, does it make a sound?
nice.
i think the full question is:
if the dollar falls in bretton woods and no one is around to hear it, does it make a sound?
which would mean that the Euro would rocket - this in the face of Europe's NIRP move
Gold will change everything, including NIRP...
Euro was designed to be gold-backed. There will come some significant changes to the euro community, maybe even some splitting up, but I agree with you that the result will be a stronger euro in the end.
Yes! It sounded to me like a toilet flushing.
Gold is sure to 'soar' to $1190 on the news.
I have no interest in the pog expressed in USD at this point, its transitory.
It has as much relevance as all the gold in Ft.Knox.
The same applies to any notional winning in the 'market' denominated in USD.
Gold has dominated all other currency for the last six months. Pitting it against the dollar is like comparing a supermodel to a sorority girl. The co-ed looks good late night with beer goggles. The model is always hot.
You miss my point.All new hegemons start with sound money while failing ones
resort to money adulteration.
That supermodel is a fifty year old meth addicted hooker with no teeth.Carry on pimping
though.
China's checkbook diplomacy is coming of age http://www.businessinsider.com/r-how-europe-and-us-stumbled-into-spat-ov...
Lagarde, for one, completely welcomes her new Asian overlords.
It's an Orange Revolution
What does Boehner have to do with it?
Can you imagine the hue of their children? Sunrise could not emit such a tawny, tangerine brilliance!
Lagarde is to money as flies are to __________
Of course the IMF wants to be involved, they are a fucking vampire, they shouldn't allow the IMF to be a part of it.
Score another major victory for the Nobel Prize Winner:
When Xi Jinping, then the newly minted Chinese leader, first broached the idea of a new Asian development bank in a public speech in 2013, few in Washington paid it much heed.
But as Beijing systematically recruited longtime American allies to help fund and oversee the new bank, it became clear that the push was more than a public relations gesture to China’s Asian neighbors. It was also a direct threat to the post-World War II financial institutions led primarily by the United States, and to President Obama’s pledges to make a “pivot” to Asia in American foreign policy.
Now with Britain, France, Germany and Italy signing up to join the new bank, despite direct pleas from Washington to steer clear, the question is whether the Obama administration mishandled a significant challenge from China, and what it might have done differently.
“The administration made a major mistake in its opposition. It was a very shortsighted,” said Paul Haenle, director of the Carnegie-Tsinghua Center in Beijing. “The bank was going to go ahead whether we supported it or not.”
http://www.nytimes.com/2015/03/20/world/asia/hostility-from-us-as-china-...
Obunghole's delusions of grandeur and messiah complex got in the way of common sense again.
O'Dictator did NOT make a mistake!
Every.Single.Thing. He does is directed towards the destruction of America!!
So if you can't stop it, pretend it was a good idea all along.
The king is dead, long live fiat hahaha
Disagree that new trading block will stick with fiat for long... many of the countries in this new group have been buying up gold, and I bet it wasn't b/c they were short on paperweights...
"I killed some Dollarz!"
--Miss Barrie
USA!USA!USA!
WE'RE #1!
COLLEGE BASKETBALL!!!
Now more exemplary than ever:
USlessA's! USlessA's !USlessA's!
oowt, oowt, oowt
You're not worthy of my comments.
Young fools.
Tell that fucking orange hooker to piss off please Chinaand take her corrupt IMF with her and shove it up her arid arse, and she would be last piece of shit they need if there are to be any standards whatsoever
Up arrowed for "fucking orange hooker"...
Additionally up-arrowed for "arid ass".
So Beijing says to Washington, "Go fuck yourself."
I have been watching this all from India. Key point....THEY FUNDED THE BANK WITH US DOLLARS! So, please explain the dollar collapse part.
I don't see where it is funded in USD. Do you have a link to confrim?
Was it funded with dollars or dollar backed debt instruments?
There-in lies a world of difference.
Which was it?
we each need to research that.
if the Yuan keeps its value vs. the USD, then China needs to open banks here, so we can use Yuan and dollars.
Back in Andrew Jackson's time, Spanish, British and other specie circulated. If the US is not going to follow the Constitution and issue its own money, then we should be able to bank in Yuan.
England has Euros and Pounds, why can't we have Yuan??????
There is NO doubt the FRN is going down! The Fed will lose primacy. Everyone should get out of as many dollars they can and into other, solid instruments!
"...heap big trouble in the land of plenty".
https://www.youtube.com/watch?v=hUOqTIaau3o
We are currently seeing the last of fiat currencies and as new international organizations are established to isolate the use of the US dollar for commercial trade.There will be growing demand from the Brics for gold backed trade settlement as no currency will have the full faith of the remaining participants in regard to valuation or stored value.
The new system will require a new anchor - gold....why do you think the Chinese Russians and easterm countries have been buying up physical gold???? Because its been money for 6000 years that cannot be debased or printed into existence at the will of politicians. Its growth is stable at 2% per year.
In one stroke Comex will disappear as its paper based and massively over leveraged in naked shorts.....
Then foreign central banks will start dumping their US treasuries and US dollar en mass as both will no longer be needed in reserve for trade...
The rest of the world is sick to death of being dictated to by Washington at the point of a gun with asymmetrical trade deals that only benefit the US and not the counterparty...Sorry NSA all your commercial spying isnt going to stop this coming Tsunami....
Checkmate.
We are currently seeing the last of fiat currencies and as new international organizations are established to isolate the use of the US dollar for commercial trade.There will be growing demand from the Brics for gold backed trade settlement as no currency will have the full faith of the remaining participants in regard to valuation or stored value.
The new system will require a new anchor - gold....why do you think the Chinese Russians and easterm countries have been buying up physical gold???? Because its been money for 6000 years that cannot be debased or printed into existence at the will of politicians. Its growth is stable at 2% per year.
In one stroke Comex will disappear as its paper based and massively over leveraged in naked shorts.....
Then foreign central banks will start dumping their US treasuries and US dollar en mass as both will no longer be needed in reserve for trade...
The rest of the world is sick to death of being dictated to by Washington at the point of a gun with asymmetrical trade deals that only benefit the US and not the counterparty...Sorry NSA all your commercial spying isnt going to stop this coming Tsunami....
Checkmate.
"foreign central banks will start dumping their US treasuries and US dollar en mass as both will no longer be needed in reserve for trade..."
Once the dumping also of Criminal FRUAD US Assets occurs as well. Then it will be:
Checkmate.
The International Monetary Fund (IMF) has agreed on a scheme of war financing for Ukraine.
For the first time, according to Fund sources, the IMF is not only violating its loan repayment conditions, but also the purposes and safeguards of the IMF’s original charter.
http://johnhelmer.net/?p=12920
First those banks have to stop buying those US T Bills and bonds.
Jim Willie keps saying the Au standard will return thru the Trade Window.
The Criminal Fraud UNITED STATES, CORP. INC. has been Bankrupted again since The Banking Emergency Act of 1933. Thus, making Americans squatters / tenants & labeling them as Enemies of the Criminal State.
Not to mention putting the FRUAD US in receivership to the IMF, World Bank & BIS plus de facto 14th Amendment Citizen owned Slaves via their securitized bonded birth certificates.
The AIiB is the final nail in a Criminal system of Debt Bondage & Enslavement.
We are now officially a Fascist Militarized Totalitarian Authoritatrian Police State Tyranny.
That's state can only exist with the consent of the citizens. When the USD collapses, let see how many citizens will continue to support the fascist governing body when they no longer get their regular EBT rations.
That's state can only exist with the consent of the citizens. When the USD collapses, let see how many citizens will continue to support the fascist governing body when they no longer get their regular EBT rations.
You'll see ouright rejection from outside and inside the country. Technology will be their only possibility at saving the fascist structure, but the denizens of this planet will pile on and overcome this atrocious structure. There will be nowhere to flee.
it is always darkest before the dawn.
@Chupacabra - you're right, of course.
But there are laws put together by money grubbing lawyer/liar/politicians secretly behind closed doors, approved by their bankster masters, -
and there is Universal Law, . . . Cosmic Law.
No one has the right to own another human being. No one has the right to steal from another human being. No one has the right to commit violence against another human being . . . only to use the force necessary to defend ones self.
There will be consequences to those actions & the pieces of paper they try to use to 'justify' their criminality are nothing but GD pieces of paper.
By ZH own admission China is nothing more than a giant ponzi scheme/bubble ready to burst, so why worry about a China led bank? I mean if sucker nations want to trust China with their money...let them. The US losing the reserve currency status would be the best thing ever to happen to the real US economy IMO.
Uh, Physz, if the dollar goes to shit, the US goes Brazil or Italy or Argentina or Greece or Venezuela .... which explains why Obama is smiling and not a word is mentioned on MSM.
US has already gone Greece, not will go to...
Who sent you? Obama?
Because China is communist country and runs under two types of accounting. The bubblers can't run with most of their assets.
Met the new boss. JUST LIKE THE OLD BOSS. Still old, fat and grumpy. They never have enough...
Which serfs elected the new boss? Ok, I will sit down and shut up.
The IMF would like to be involved, ergo the "sweet talk", but with a BRICS bank, the IMF is likely to find itself on the outside. This is all about commerce and economic opportunity, and the U.S. can't do a damn thing to stop it. They can, however, hasten the perception that the hegemon status of the U.S. is irreversibly crumbling.
9 months to go before end of year... Can this be less painful?
When the US has to reach up to touch the bottom of international ethics it can't come as a surprise surely. They had it all and could have kept hold of it if it weren't for successive administrations arrogance and complacency. Fools.
How do we make deposits into the China Bank?
"So there you have it. Washington picked a completely unnecessary fight with China over the ostensibly non-contentious topic of infrastructure development because the US can’t stand the fact that traditionally US-dominated multinational institutions are on the verge of being supplanted by sinocentric ambition — and lost."
No kidding. This is all the US does anymore. Pick fights, and lose them. And it it will continue until the neocons are banished from US policy circles.
"No kidding. This is all the US does any more. Pick fights, and lose them. And it it will continue until the neocons are banished from US policy circles."
Lads, please! Give up on the Neocon meme. Manifest Destiny is much, much older than the Bush family and its circle of friends; it goes all the way back to at least the c16th and c17th Puritans and their City on a Hill rhetoric. This is where the Chosen People problem comes from (a problem exacerbated by the influx from eastern Europe in the late c19th of yet another group of Chosen People with whom the first group found they had a lot in common).
We'll get nowhere solving the problem if we can't first identify it correctly.
The nations that are joining makes an interesting list and leads to great discussions. The real question is what influence the Rothschild family of bankers will have.
Are the Rothschilds simply pulling up their Chautauqua tent and moving on to new lands?
I have a sort of mini-hobby of trying to follow the Bloody Shield. They are secretive and shadowy, and it isn't easy to find reliable info about them. (Why should it be? It's not like they RUN OUR ENTIRE BANKING SYSTEM or anything...) You wind up reading a lot of 'conspiracy' sites which may or may not be relating facts, but due to the intimidation of our press by powerful interests and their consiglieri, most Bloody Shield info resides in the realm of rumour, and conjecture mixed with possible fact.
Essentially you pretty much have to follow what's going on with their system of central banks (and of course, it isn't only the Rothschilds who own those). Rothschild, from what I understand, is powerful within the City, which has authority over the Queen. London's inclusion in the AIIB means the Rothschilds would not be excluded, but it is not at all a given that they will have much power within it.
Several countries either have or may be in the process of 'kicking out' the Rothschilds. (Hungary, for example, makes an interesting story.)
There's a real story here, but it will take a big reduction in their power before it can be told. Overall, it looks like the grip of Rothschild is weakening around the world, as more and more populations wake up to the destruction on economies of their banking system. But they are still and probably always will be a very rich and powerful family. I think I'd be happy if they just minded their business, and let me mind mine, without interfering in any way with my local economy that should have little or nothing to do with them.
If you're interested, here are some links to read. Please do not take them as fact. I cannot verify the reliability of these articles and sources, so take them for what they are worth...
http://politicalvelcraft.org/2014/03/03/rothschilds-federal-reserve-the-...
http://www.abovetopsecret.com/forum/thread1060295/pg1
http://www.bibliotecapleyades.net/esp_sociopol_rothschild.htm
http://www.independent.co.uk/news/business/analysis-and-features/is-this...
http://www.silverdoctors.com/us-pillaged-rothschilds-turn-sights-on-the-...
http://americanfreepress.net/?p=12418
http://rt.com/business/hungary-bailout-loan-imf-170
http://www.bibliotecapleyades.net/sociopolitica/sociopol_fulford120.htm
http://politicalvelcraft.org/2013/11/22/rothschild-zionists-are-a-fifth-...
http://politicalvelcraft.org/2011/12/24/rothschild-pawn-gorbachev-lies-p...
http://www.bibliotecapleyades.net/sociopolitica/sociopol_fulford120.htm
My best advice to Obama is to extend the NCAA Tournament until yearend so the sheep will not notice when the Empire collapses.
I don't watch basketball, college or NBA. Nor do I watch stupid baseball and golf.
I like football only (not stupid English soccer).
Extend NFL and college football seasons please.
Ok! Let me see what I can do.
I dont get you people. You bash US and it's IMF for being evil and that they should be destroyed. And now you praise an Asian IMF led by China, which is even worse than US. Wth is wrong with you? Looks to me that 99% of people here exert peasant like thinking. The dragon is dead long live the dragon
China is engaged in commerce, the USA is engaged in war.
Which one did you say was worst?
Peasant On
Even if the Chinese one does turn out as bad as or worse than the the one we've got, it will still be nice to see the Anglo-American Axis of Evil get the brutal kicking it deserves.
Hey pay load, You have been here only a few weeks. You need to study the archinves so you will understand. This has gone on for years. A short comment will not help you.
This is all about what Michael Hudson calls the "Washington Consensus" and the financial imperium.
While the rest of the world still plays along with it, they do not like it and are tired of the hollow claptrap constantly spewed from Vichy DC.
The global suspension of disbelief is wearing very thin.
FED might come out with a gold backed currency
LOL. You mean a PAPER-gold backed currency as fraudulent as the USD?
Hey, if China has indeed acquired a controlling stake in the FED, it might happen with cooperation from another big gold-holding giant - Russia, though I doubt that it's going to benefit the sheeples in the states.
lmao
with what gold? It's gone.
to China of all places.
Ahh...I get it now...you were being sarcastic.
blame Obama when its WS pushing him. only to hold back the ROW while they try to end-run everyone. If the
Chinese are doing this now; things must be worse over there than i thought. already know how bad it is here but anyway
Christine Lagarde, IMF, World Bank...if they're on board, this is "merely" a gigantic extension of world banking power. Does anyone believe that those in the big club are being excluded? That really would be news.
'Does anyone believe that those in the big club are being excluded? That really would be news.'
I believe you're bringing up a valid concern.
Of course LaGarde says the IMF is tickled pink about the AIIB. It exists now and it's pointless to oppose it. Better, for the IMF, to cooperate, undermine, and subsume it.
I am sure the Chinease can create just as toxic instruments as any western bank or bankster.
The big difference being China EXECUTES criminals.
Hell hath no fury like (a woman's) US's scorn.
Hell hath no fury like a woman scorned.
The US may be scorned now because the ROW no longer wants to deal with its fury...
I think Freddie Mercury said it best. https://www.youtube.com/watch?v=rY0WxgSXdEE
It looks as though one 5000 year-old civilization has sorta done an end-run (for now anyway) around another 5000 year-old civilization. At least until the latter tribe finds a way to appropriate the construct (and its ¥¥¥profits) unto itself, like a certain squid.
Ha! Ha! All the threats failed! America can't get away with bombing the UK. If you take away America's ability to bomb, the USA becomes the paper tiger the old communists claimed.
And now you know why the UK builts its own MIRVS and bus for their American missiles.
If I look at a world map, I just can't help thinking that neither Russia nor China are isolated. Looking at the North American continent however ...
No problem,Murikans mostly can't read maps.
west minus 115
east plus 100
Just cause 'Tyler' views this as a move away from US hegemony does not make it a fact. ZH has an axe to grind.
Lots of axes to grind here.
Won't you join the club?
Christine Lagarde's reaction examplies a typical Wall Street wisdom - "either beat them or get in bed with them"