US Warns Allies Not to Join China-led Development BankEric Blair Western allies are flocking to join the new China-ledAsian Infrastructure Investment Bank (AIIB),while the United States and World Bank sit on the sidelines and lecture them about appropriate financial governance. Reuters reports: The United States has urged countries to think twice before signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank, afterGermany, France and Italy followed Britain in saying they would join. The concerted move by U.S. allies to participate in Beijings flagship economic outreach project is a diplomatic blow to the United States and its efforts to counter the fast-growing economic and diplomatic influence of China. Europes participation reflects the eagerness to partner with Chinas economy, the worlds second largest, and comes amid prickly trade negotiations between Brussels and Washington. I hope before the final commitments are made anyone who lends their name to this organization will make sure that the governance is appropriate, Treasury Secretary Jack Lew told U.S. lawmakers. It seems many countries are growing tired of the U.S.s arbitrary economic sanctions, playing politics with the SWIFT system, dollar manipulation of commodities, strangling IMF and World Bank debt with unequal representation in those institutions. Not to mention the ruthless violence used to protect this racket. China is tired of waiting to be granted more power in international banks so theyre creating their own opportunities around the world. Theyre involved in creating the BRICS development bank, an alternative to SWIFT, building a canal in Nicaragua to rival the Panama Canal, and now this newAsian Infrastructure Investment Bank (AIIB). In other words, its on. If you try to fight the rising powers peaceful ascent you sow big problems in the future, Fred Bergsten, a former official at the U.S. Treasury and currently a fellow at the Peterson Institute in Washington told Reuters. Over the last few years US-imposed sanctions have had less and less effect as nations find ways around them. These new systems will make sanctions essentially worthless, and the biggest losers of sanctions may end up being US companies whore prohibited from trading in certain parts of the world. Despite the corporate medias best efforts to drum up conflict with Russia, sanctions havent worked, leading some Western hawks to promote cutting off Russian banks from SWIFT. This was met by Russia threatening retaliationwhich resulted in Russia beingawarded a seat on SWIFTs board for the first time. Can you smell the desperation? American dominance in the world economy is clearly waning. The US dollar is also slowly being diluted as the world reserve currency and all the key players know it. In fact, its now happening by design. The dollar is currently enjoying record spending strength in the global economy for no fundamental reason except that oil is measured in dollars. The oil price crash feels like a last-ditch effort to boost demand for dollars. Yet national debt levels, endless wars, and the fake paper economy ensures that this facade will eventually collapse, probably as fast as it was created. This new alternative system may limit the contagion of a dollar collapse. Its basically a good thing that the world will have more choice in how it moves money. But, be warned, it is no different than the current fractional-reserve debt-based parasite that currently leeches off most of the planet, save for slightly different board members. Nevertheless, I bet the establishment will hail them as saviors when the US economy can no longer bail itself out. Tick tock. Eric Blair writes and curates news for selfnews Post. This article is free to repost in full with attribution. Recently byEric Blair All the more reason to join If the US banking cartel says its bad, then it must be otherwise.. I dont trust either side but the end is near. Yup. Could be more like going from the frying pan into the fire. All fiat based currencies are going to croak. There will be a reset(ugly). Those with tangible assets will fare far better than those with paper. Indeed. As long as you have guns to protect them. Guns are the #1 tangible asset. Without them your other tangible assets are up for grabs. Yup. All this is is a giant band-aid. What would the punishment for joining AIIB be? Losing access to high debt levels, endless wars, and a fake paper economy? Its a no brainer Am I the only one who thinks this is a scam ? The same people who are responsible for the mess the central banks have got us all into are now jumping on the BRICS bank. It is a sure fire way to make sure this new challenge to the Rothschild run empire of usury based banks continues. If you cant beat them infiltrate them and destroy them from the inside, like a cancer. no you are not the only one HELLO USSA GOVT!! NO ONE IS LISTENING ANYMORE!! TO THE DIKTATS OF THE OUTTA CONTROL PSYCHOPATHS WHO RUN THE IMPERIALIST FASCIST CORPORATE COLLECTIVE STATE OF USSA!! The caps lock key is half way up the LHS of the keyboard, PG. thks! This new alternative system may limit the contagion of a dollar This sums it up nicely. Its good to be able to bring down the US-UK bankster scam. It is good to get rid of one evil. That does not mean any other entity is that much better. The real solution of course, is a global free market in hard money, not fiat currency of any kind. Our relationship with China is complicated. The fact that much of the World has denounced this Fascist cabals petrol paper is a good sign. I think they (US/NATO/EU) are starting to panic. Their influence in finance and banking is threatened, Saudi oilfields are in decline, they are losing access to Iraqi oil, it doesnt look like they will easily gain control of Russian, Syrian or Iranian resources, and Chinese industry is surging out of their reach. Stop feeding the corporations! There are NO countries anymore, only corporations. The Corporations are ALL in China. The last to go is the petro dollar and the oil companies are already operating out of Singapore / Hong Kong http://www.exxonmobil.com.sg/AP-English/default.aspx The petro dollar will more than happily become the SDR (basket Currency) petro dollar when the big boys say its time to pull the US plug. This is a US dog and pony show meets foregone conclusion. USA. The NWO is through with you. Look! Hiding in the wings! Is it a rinbin? Is it a ruble? No, its super-amero; here to save them from ourselves. Posing as a currency for the (currently non-existent North American Union) oppressed peoples of Mexico, Canada and the US; the Amero will lead us all to Freedom! (Cue music) Rinse and repeat until they come at us with guns. 