China leads to reduce America's dominance in the global financial system efforts

[k98nights]

China leads to reduce America's dominance in the global financial system efforts

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20-04-2015 10:40 AM

 

 

China is leading the project through to establish a giant investment bank in Asia and ambitions associated with its currency, countries that want to get rid of the global financial system dominated by the Americans. 
And paid the spring meetings in Washington of the IMF and the World Bank, and the heirs of the Bretton Woods agreements in 1944 which was attended by finance ministers and central bank governors, great attention to this Chinese move. 

World Bank President Jim Yong Kim said he wanted to "congratulate China on the big step toward pluralism" is represented by the establishment of infrastructure financing by the Bank, expressed his hope "to deal with him closely." Contrary to what was hoped for Washington, which has custody of such Japan on this project, this institution has received the next welcome a large number of countries. So far, 57 states declared their interest in him. 

This contrasts with the decline "Brix bank" project, which was launched with great fanfare the summer of 2014 by the major emerging countries and her only. 

This political project is clearly incompatible with the two organizations of the International Monetary Fund, which lends to the crisis, the World Bank, which provides development assistance, and share the Americans and Europeans managed for a long time. 

Christophe d'Este researcher at the French Research Centre for International Economics believes that China's offer of greater pragmatism and allows each one to find its place. 

He believed that China is looking for a "port of the industry," characterized by excessively in its capabilities, taking into account "the interests of diplomacy is to weaken American influence." 

He said US Treasury Secretary Jack Liu, "even if the new institutions have emerged, I stress that the IMF remains a reference institution to enhance the stability of the global economy." 

Said John Stiglitz, Nobel Economics The hostility to the project ADB to invest in infrastructure investment "reflects the concern of the United States at the international influence." 

Commends the administration constantly work Monetary Fund, but Congress put impedes reform in 2010, to give greater weight to emerging countries in the inside. She emphasized the Fund director Kirsten Lagarde it is ready to work to convince Congress reforms.

 

 

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[leanonme]

The result of overpowering, over reaching, totalalitarian control of the the IRS, AKA the cabal.

[new york kevin]

I encourage The BRIC Nations to invest billions and billions in this endeavor, even borrowing to do so, just before the

Chinese economic bubble bursts. This way there will be a even more spectular splash when they hit rock bottom for each of them. The coup de gras will be a further devaluation of each BRIC member nations currency since other nations will not want to do trade with their currencies, lowering their economy's supply times velocity. Further increasing the supply times velocity of the US currency, increasing our market share of reserve currencies, and thus maintaining the value of our USD in the end. I love it when a plan comes together.