The Briefing Room
General Category => Economy/Business => Topic started by: DCPatriot on April 03, 2015, 09:06:56 pm
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America's European "Allies" Desert Obama, Join China-led Infrastructure Bank
Tyler Durden
It appears the sea of de-dollarization has reached the shores of Europe. With Australia and UK having already moved in the direction of joining the China-led AIIB, The FT reports that France, Germany, and Italy have now all agreed to join the development bank as 'pivot to Asia' appears to be Plan B for Europe.
As Greg Sheridan previously noted, "the saga of the China Bank is almost a textbook case of the failure of Obama’s foreign policy," but as The FT concludes, the European decisions represent a significant setback for the Obama administration, which has argued that western countries could have more influence over the workings of the new bank if they stayed together on the outside. As Forbes notes, this leaves Obama with 3 uncomfortable options...
more at: http://www.zerohedge.com/news/2015-03-17/plan-b-major-european-allies-desert-obama-join-china-led-infrastructure-bank (http://www.zerohedge.com/news/2015-03-17/plan-b-major-european-allies-desert-obama-join-china-led-infrastructure-bank)
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Two hundred and thirty-three years and millions of lives to build it up, six years and one Muslim bleep to tear it down.
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Do we really have allies anymore (apart from Iran)?
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Obama has No allies. Even the people close to him, are all one minute away, if that is how he feels in the moment.
No trust.
No confidence.
No faith
Equals no allies. Personally and internationaly.