h/t James Delingpole – The New York Times reports that the developing world is abandoning green tainted US backed global banking institutions, and is looking to China for infrastructure finance.
According to the New York Times;
American diplomats are upset that dozens of countries — including Nepal, Cambodia and Bangladesh — have flocked to join China’s new infrastructure investment bank, a potential rival to the World Bank and other financial institutions backed by the United States.
The reason for the defiance is not hard to find: The West’s environmental priorities are blocking their access to energy.
Support for the new Asian Infrastructure Investment Bank, and its agenda free brand of capitalism, extends well beyond the developing world. All Asian and major non-Asian countries, except Japan and America, have agreed to join the new bank, with countries like Australia being offered a leading role in the new institution.
The Law of Intended Consequences…..
Obama also turns to China in order hide green waste during recovery of environmentally unfriendly resources, and in America to JournoLists in order hide green disruption during distribution, operation, and recovery of non-renewable technologies.
“Green tainted US backed global banking institutions” ! No wonder “that the developing world is [now] looking to China for infrastructure finance” ! I’ve been talking for years about “Green nails in the coffin of Western ascendancy”, so this comes as no surprise to me !
Agree.
The World Bank and the IMF mandated EIA’s with standards that are far way above what is reasonable to the point one could argue “Blackmail” by those Banks (read the US and the UN). I believe the US and the UN have just been told where to peddle that BS. Entirely predictable given that nations need to develop, not listen to US LW rhetoric and do not need to be lectured.
+1 And it may be China’s turn to control the world’s monetary supply. May be a good thing but given their track record I don’t think so.
With all of this discussion of international trade and finance, I’m surprised no one raised the issue of the Trans-Pacific Partnership agreement secretly negotiated by the Obama administration. Ross Perot’s “giant sucking sound” has long since shifted from Mexico to Asia yet “free trade” is a rare instance of bipartisan agreement.
Progressivism is anti-growth. Apparently, China has figured out that strength is in growth and now only shares the progressive’s admiration for tyranny with Obama.
Look at the last graph on this webpage. http://pricedingold.com/dow-jones-industrials/ – The DJIA in terms of grams of gold instead of dollars. – It does not take a financial genus to determine that the money they you have after this phony recovery is still worth less than it was in 2007. You may have twice as much in the market but it is actually still not worth it was before this depression started.
Greenpeace will not be able to pressure the Chinese Government as it has been able to successfully pressure Western governments. New World Order indeed. Just not in the West.
Pakistan is to “get” $ 34 billion in energy projects from China, apart from 8 submarines: http://www.dawn.com/news/1176302/chinese-president-to-visit-pakistan-hammer-out-46-billion-deal
The Asia Infrustructure Investment Bank is a well needed paradigm changer for the world and China deserves respect on the world stage for this. Thank god we have nations willing to stand up to the fascism that is so in your face about killing you. It’s simple, we cooperate and prosper or die in a increasingly evident total economic collapse. Obama can’t finish his term, impeach.
From Patrick Moore’s speech in Las Vegas, Greenpeace managed to stop the World Bank financing of the 3 Gorges Dam on the Yangtze River, but China was able to build it with their own resources, and it produces 22,500 Megawatts which = 40 coal fired power plants, and they did it without the World Bank.
This is part of what we are talking about…