This Is Why The US Just Lost Its Superpower Status According To Larry Summers

Monday, April 6, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
04/06/2015

“This past month may be remembered as the moment the United States lost its role as the underwriter of the global economic system… With US commitments unhonoured and US-backed policies blocking the kinds of finance other countries want to provide or receive through the existing institutions, the way was clear for China to establish the Asian Infrastructure Investment Bank,” the former Treasury Secretary says, in a sharp rebuke of US foreign policy.

The Rest…HERE

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