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China and the Asian Infrastructure Investment Bank

serfserf Member Posts: 7,526 ✭✭✭
edited March 2015 in Politics
Another nail in the coffin for The hegemony The USA had over most of players in international banking after WW II and even Britain has joined as the first G-7 Representative! http://www.ft.com/intl/cms/s/0/31c4880a-c8d2-11e4-bc64-00144feab7de.html

The day of the dollar for being a reserve currency is coming to an end soon. The petrol- dollar will be next after Iran gets a deal for nuclear expansion too!

serf

http://www.borgenmagazine.com/china-asian-infrastructure-investment-bank/

If China has its way, the entire global monetary landscape will be shook to the core. The establishment of China's proposed Asian Infrastructure Investment Bank (AIIB) would threaten the very existence of the International Monetary Fund (IMF), the Asian Development Bank (ADB) and possibly alter the role of the World Bank, according to an Asia News report.

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