Pax Sinica replaces Pax Americana

U.S. financial control of world economy lies moribund as AIIB moves in to fill vacuum.

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"The mass rush of America’s allies to sign up for the AIIB resulted in U.S. Treasury Secretary Jacob Lew making a beeline for Beijing" HaHaHa


 Wayne Madsen
President Barack Obama’s much-heralded «Pivot to Asia» lies in tatters as European and Asian «allies» of the United States march away from the heavily U.S.-influenced Asian Development Bank (ADB) and International Monetary Fund (IMF), as well as the American-led World Bank, to join China’s Asian Infrastructure Investment Bank (AIIB). The latest U.S. «ally» to ignore warnings from Washington about Beijing’s intentions in establishing the bank is South Korea. Previously, the United Kingdom shocked Washington by announcing that it would join the AIIB, the first of America’s NATO partners to announce such a move. The British were soon followed by France, Italy, Spain, Netherlands, and Germany in signing up for the AIIB. 

Even the hopeless and hapless neo-conservative prime minister of Australia, Tony Abbott, expressed a willingness to abandon his friends in Washington and join the Chinese-led bank. Although Abbott threw a sop to Washington by saying he wanted to know more about Chinese governance policy over the AIIB, where China is to invest some $50 billion and have a 30 percent voting share, it was clear that Australia would be the latest American ally to pivot to China.

The mass rush of America’s allies to sign up for the AIIB resulted in U.S. Treasury Secretary Jacob Lew making a beeline for Beijing. Lew has been unsuccessful, along with his Japanese counterpart, in leaning on countries, particularly Australia and South Korea, to avoid the AIIB and recommit to the World Bank , IMF, and ADB. Officially, Lew was in Beijing to urge the Chinese to increase the value of the yuan in order to «help the world economy». However, it is clear that Lew, in an act of desperation, was trying to curb the clout of not only the AIIB but the New Development Bank, established in Shanghai with a $50 billion Chinese investment, by the BRICS bloc – Brazil, Russia, India, China, and South Africa.



 As unwanted as it is by Washington, the transfer of global financial control from Wall Street and City of London to the new development banks and funds of Beijing and Shanghai is a «fait accompli». in a recent article in «Global Times,» Cambridge University Senior Fellow Martin Jacques succinctly summed up Washington’s new dilemma, not only in Asia, but worldwide: «The Americans have boxed themselves into a corner, increasingly deserted by all and sundry.


 As has been pointed out, they would have been better off joining the AIIB, but this was never a serious option because such a move would have been rejected by the US Congress . The AIIB is a classic manifestation of China’s economic power in the region and the kind of influence that it now exercises. The United States cannot compete with this: its offer in the region is military strength.


 But in the longer run, economic power trumps military strength, as we have seen so clearly demonstrated over the last two decades».

The world is recognizing that the era of «Pax Americana» is now over. Taking its place is a new «Pax Sinica» bolstered by support from the BRICS alliance and China’s new partners in the AIIB and New Development Bank.

2 comments:

  1. truth is the most powerful weapon on Earth....John 8:44

    even the Chinese have to admit that

    http://careandwashingofthebrain.blogspot.com/2015/07/letter-to-editor-on-brucie-jenner-is.html

    the issue is when will "Europeans" with Grandchildren admit that...

    SIX MILLION MORE = GLOBAL POGROM 2015

    sincerely

    Davy

    ReplyDelete
  2. Sounds too good to be true but anyone knows that something's gotta give and why would other sane leaders go along with the Rothschild's NWO?

    ReplyDelete

If you sit by a river long enough, you'll see the body of your enemy float by.
Old Japanese proverb