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"US officials have said they do not want to support an initiative Washington thinks is unlikely to promote good environmental, procurement and human rights standards in the way the World Bank and ADB are required to do."
This deserves a hearty LOL.
US promoting 'good environmentalism' while their military mad dogs destroy the planet and every country in existence they attack or invade for PROFIT of the Military Industrial Complex?
US or the World Bank promoting Human rights - while they thrive on the fiat extortion game and racketeering, while forcing bankruptcy of governments, and forcing starvation globally, even onto the people of the usa?
I'm really tired of Corporate USA lowlife criminals trying to tell the rest of the world what to do, how to think, and when to do what - when Corporate USA and all of it's tentacles are the lowest of the lowlife predators on the planet.
These criminal psychopaths don't have a leg to stand on.
I would would bet my last FRN that in the long term, China is no where near as ignorant as the psychopath predators of the West - unless China is infiltrated by the psychopath western predators - such as in the case of Hong Kong.
The Chinese may actually have some adults running the show.
Lion
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: Don't get me wrong, I'm all for doing away with the Fed but
: this is going to cause massive changes that I don't think
: we're ready for.. :-)
: Susoni
: **********************************************************
: Chinese President Xi Jinping (C) shows the way to the guests
: of the Asian Infrastructure Investment Bank at the Great
: Hall of the People in Beijing on October 24, 2014 (AFP
: Photo / Takaki Yajima)
: China and India are backing a 21 country $100 billion Asian
: Infrastructure Investment Bank (AIIB) to challenge to the
: World Bank and Asian Development Bank.
: Memorandum of understanding were signed with 21 Asian
: countries in Beijing Friday. Australia, Indonesia and South
: Korea were absent following hidden pressure from
: Washington.
: The development bank was proposed a year ago by Chinese
: President Xi Jinping, and is to offer financing for
: infrastructure projects in underdeveloped Asian countries.
: Headquartered in Beijing, former chairman of the China
: International Capital Corp investment bank Jim Liqun, is
: expected to take a leading role.
: The bank will initially be capitalized with $50 billion, most
: of it contributed by China. The country is planning to
: increase authorized capital to $100 billion. With that
: amount the AIIB would be two-thirds the size of the $175
: billion Asian Development Bank.
: India will be the second largest bank shareholder though
: Kuwait, Qatar, Mongolia, Kazakhstan, Pakistan, Nepal, Oman,
: and all the countries of the Association of Southeast Asia,
: except Indonesia are involved.
: Australia, Indonesia and South Korea did not participate
: following US claims of ‘concerns’ about a rival to
: Western-dominated multilateral lenders.
: Japan, China's main rival in Asia, which dominates the Asian
: Development Bank along with the United States, did not
: attend but had not been expected to do so.
: Indonesia refused to participate claiming it needs time to
: discuss China’s proposal.
: The Australian Financial Review said US Secretary of State
: John Kerry had personally asked Australian Prime Minister
: Tony Abbott to “steer clear” from joining AIIB.
: "Australia has been under pressure from the US for some
: time to not become a founding member of the bank and it is
: understood Mr. Kerry put the case directly to the prime
: minister when the pair met in Jakarta on Monday following
: the inauguration of Indonesian President Joko Widodo,"
: the paper said.
: South Korea, one of America’s closest allies in Asia, is alse
: prevaricating. Its finance ministry said it spoke with
: China to request more time to consider details such as the
: AIIB's governance and operational principles.
: US officials have said they do not want to support an
: initiative Washington thinks is unlikely to promote good
: environmental, procurement and human rights standards in
: the way the World Bank and ADB are required to do.
: But Chinese officials are convinced the American opposition is
: an attempt to contain the global rise of China and its
: ambition to remain the dominant power in Asia.
: “You could think of this as a basketball game in which the US
: wants to set the duration of the game, the size of the
: court, the height of the basket and everything else to suit
: itself,” Wei Jianguo, a former Chinese commerce minister,
: told the Financial Times.
: Matthew Goodman, scholar at the Center for Strategic and
: International Studies in Washington DC believes the
: initiatives of a BRICS Bank and AIIB“represent the first
: serious institutional challenge to the global economic
: order.”
: Chinese Finance Minister Lou Jiwei said the AIIB will set high
: standards, safeguard policies and improve on bureaucratic,
: unrealistic and irrelevant policies, according to the
: Xinhua news agency.
: http://rt.com/business/198928-china-world-bank-rival/