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KoKo

(84,711 posts) Tue Apr 7, 2015, 08:14 PM Apr 2015

China-led Development Bank Challenges US Economic Interests--By John Perkins

China-led Development Bank Challenges US Economic Interests

By John Perkins

April 06, 2015 "ICH" - CCTV America

Germany, France and Italy follow Britain’s lead in announcing plans to join a new, $50 billion China-led development institution that could rival the World Bank. Despite pressure from Washington, major U.S. allies have agreed to join the Asian Infrastructure Investment Bank, known as AIIB.

John Perkins "Confessions of an Economic Hit Man" explains how this could actually be good for the World Economy if we have learned our lessons from the past.

http://www.informationclearinghouse.info/article41461.htm

6 replies

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Highlight:

China-led Development Bank Challenges US Economic Interests--By John Perkins (Original Post) KoKo Apr 2015 OP

Whatever will the US do? misterhighwasted Apr 2015 #1

K & R nt mother earth Apr 2015 #2

Paradigm shift. DeSwiss Apr 2015 #3

Yup. n/t 2naSalit Apr 2015 #4

WHAT ? father founding Apr 2015 #5

! DeSwiss Apr 2015 #6

misterhighwasted

(9,148 posts)

1. Whatever will the US do?

Reply to KoKo (Original post)

Tue Apr 7, 2015, 08:25 PM

Apr 2015

Considering overseas money & investments at this point, why do I see the American people with their middle class bank accounts being the losers in such a huge monetary shift.
I'm not really sure how to predict this outcome & what it may do to us.

mother earth

(6,002 posts)

2. K & R nt

Reply to KoKo (Original post)

Tue Apr 7, 2015, 08:33 PM

Apr 2015

DeSwiss

(27,137 posts)

3. Paradigm shift.

Reply to KoKo (Original post)

Tue Apr 7, 2015, 08:34 PM

Apr 2015

- Nothing less than that will ever change anything for the better. To continue to pick at the existing system with the belief that it can be mollified or restrained from doing what it is designed to do, is illogical. And it does not in any way address the underlying reality that the current design and operation of the capitalist system is making the planet uninhabitable.

K&R

Alternative to Chaos - 01:13 ~ Current system & poverty