Posted on 03/31/2015 6:10:37 AM PDT by blam
Mike Bird
March 31, 2015
China's new development bank, which was announced just five months ago, is becoming a massive headache for the US.
Try as it might, the US government can't convince its allies to stop joining the Asian Infrastructure Investment Bank (AIIB).
The bank will be a bit like the World Bank, providing loans to developing countries in Asia for infrastructure projects.
Unlike the World Bank, China will hold the reins of the AIIB. The US administration is publicly worried that the institution won't meet high governance standards, but really seems opposed to the move because it signals a growing Chinese influence in the region, and in global politics.
The US has already endured a series of embarrassments over the bank. It might have been expected that some of the European countries with a cooler relationship with the US would join (which they did). India and Singapore were quick to sign up despite having decent relationships with the US.
But a series of much more embarrassing countries have started to join, leaving the US pretty much totally isolated in its position.
(snip)
(Excerpt) Read more at businessinsider.com ...
Everything is a massive embarassment for Cretinbama.
QE is not free money, it does have its costs.
Obama IS a massive embarrasment
B.O. is too dumb and narcissistic to be embarrassed.
He intends to make the U.S. a secondary player and a diminished nation on the world scene. This is all fine with him.
Well done Obama! You managed to piss off the whole world including our closest allies. You get a Standing O, Bro!
I didn’t read the whole article, with that being said, how can any company or country not want to look at alternatives to the U.S. Export/Import bank.
Look at how this administration treats our enemies versus how this administration’s treats our long-term friends and allies. Look at how this administration is working to destroy our country from the inside with regulations designed to hinder at best and destroy at worst whole sectors of the U.S. economy.
My fellow conservatives:
Are you against the concept of an Ex-Im Bank while at the same time angry that Obama has allowed the AIIB to take control?
Or do you support an Ex-Im bank that is more competitive than the AIIB?
Ha. He doesn’t care. It hurts colonizing white people.
Ergo, it is good.
Glenn Beck was just reading a list of friends and allies who no longer trust or respect us because of OBAMA.
That is apples and oranges.
The World Bank is the offset to AIIB.
The Ex-Im Bank is the offset to the China Development Bank.
There are probably some that recall that after the China Development Bank loaned Petrobras $10 billion in 2009, Obama had the Ex-Im Bank match to the $10 billion offer.
But as it was, Petrobras never utilized any of the Ex-Im loan guarantees.
As the USA continues on her plunge to a second tier country, 0bama and the Progressives smile with glee at the justice of it all.
How is someone who is litterly Hell bent on knocking this country down, embarrassed by this? He and is inner circle are wearing this like a badge of honor.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.