This Year England, France, Germany, Italy, Luxemgourg and New Zealand Joined the Asian Infrastructure Investment Bank (AIIB) Turning Their Backs on the Dollar
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These “Allies” joined Brazil, Russia, India, China and South Africa, the so-called ‘Emerging Nations” toward which global economic power jis shifting, particularly toward China.
“….THE U.S. is now officially head of the No Friends Left Club as the control of gold is now shifting as even more control, power and U.S. [dollar] global influence is lost” – Treasury Secretary Jack Lew Admitting US International Credibility & Influence Is Being Threatened.
MORE U.S. allies are jumping ship to BRICS, and now lew is even begging congress to pass IMF reforms to give the emerging markets counties voting power
by tyler durden
“While we try to our patriotic duty every day, Jack Lew’s comment that: u.s. ECONOMIC RECOVERY WELL ESTABLISHED, was too much to bear… so we provide the following 3 charts for guidance in comprehending the propaganda. Why would he blatantly lie in the face of unequivocally bad data? Simple, they are desperate to spin US economic strength as the world comes to realize it no longer needs to rely on a unipolar US-based model… [with a rapidly declining GDP growth and a Debt-to-GDP Ratio of over 100%.]
Why would anyone simply lie about unequivocally bad data? Again, Simple – 4 letters – A I I B!!The Asian Infrastructure Investment Bank .
AIIB is regarded by some as a rival for the IMF, the World Bank and the Asian Development Bank(ADB),to provide finance to infrastructure projects in the Asia region.which are regarded as dominated by developed countries like the United States
The Obama administration warned on Tuesday that rising powers were challenging U.S. leadership in global financial institutions, and urged Congress to approve a deal it says would help preserve U.S. influence.
“New players are challenging U.S. leadership in the multilateral system,”
Treasury Secretary Jack Lew said in prepared remarks.
Lew urged lawmakers to sign off on a reform of the International Monetary Fund that would give emerging markets a bigger say in global economic policy while also preserving U.S. veto power in the institution.The U.S. and other countries agreed to a deal in 2010, but the U.S. Congress has yet to approve it.
Lew said that “is causing other countries, including some of our allies, to question our commitment to the IMF and other multilateral institutions.”
“Our international credibility and influence are being threatened,” he said.
http://www.zerohedge.com/news/2015-03-17/dont-show-treasury-secretary-lew-these-3-charts
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