Alert: China Launches New World Bank Rival, Russia Prepares To Challenge Dollar By Creating Alternative Swift System In 2015

Wednesday, November 12, 2014
By Paul Martin

Investmentwatchblog.com
November 12th, 2014

CHINA LAUNCHES NEW WORLD BANK RIVAL …were getting real close people…3rd world USA

China and India are backing a 21 country $100 billion Asian Infrastructure Investment Bank (AIIB) to challenge to the World Bank and Asian Development Bank.

Memorandum of understanding were signed with 21 Asian countries in Beijing Friday. Australia, Indonesia and South Korea were absent following hidden pressure from Washington…..

….India will be the second largest bank shareholder though Kuwait, Qatar, Mongolia, Kazakhstan, Pakistan, Nepal, Oman, and all the countries of the Association of Southeast Asia, except Indonesia are involved.

Australia, Indonesia and South Korea did not participate following US claims of ‘concerns’ about a rival to Western-dominated multilateral lenders.

Japan, China’s main rival in Asia, which dominates the Asian Development Bank along with the United States, did not attend but had not been expected to do so.

http://rt.com/business/198928-china-world-bank-rival/

Russia prepares to challenge dollar by creating alternative SWIFT system in 2015

The Rest…HERE

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