Triggers…” The fiat Ponzi scheme will fail on its own and without any help”
By Bill Holter
GoldSeek.com
Tuesday, 7 April 2015
The big story regarding the Asian Infrastructure Investment Bank was the application by the Israelis. This came just prior to the deadline and of course at the displeasure once again to Washington. Britain was the early defector followed by Germany, France and Italy. Eyebrows were raised when Saudi Arabia made their announcement but I believe what was truly missed was the application by Taiwan.
If you are old enough to remember, Taiwan was “recognized China” in the eyes of the U.S.. Mainland China was “Red” China and not officially recognized by the U.S., the application by Taiwan slipped by with little to no comment. I believe Taiwan’s application holds great significance because it means the “elder families” are on board and have given their approval. This is truly big news yet not even spoken of in the West? As I understand it, the application must now be approved, a potential sticking point is the name “Taiwan”, this will be very interesting to watch!
Why is the AIIB such a big deal? There are several reasons but I believe the biggest is because it is a very public piece to the bigger picture. Not only has the bank attracted the Asian countries one would expect, it has attracted many Western countries and even those closest to the U.S.. Going one step further, ALL of these applications came against U.S. lobbying and were followed by public rebukes from Washington. This was the first instance where the world collectively (including long time U.S. allies) has expressly denied Washington’s wishes.
The AIIB is only one piece to the puzzle. Another is the clearing system set to directly compete with SWIFT. Yet another is the BRICS bank, and let’s not forget the Shanghai physical metals exchange set to go live shortly. Can you see the picture these pieces are putting together? China, Russia and the rest of the world could see what is coming but they have not been ready for it…yet. Each one of these pieces amounts to preparation for what is to come. When I say “preparation”, much of it has been put into place to buffer the East (and rest of the world) from the financial collapse of the West.
The clearing system for instance will allow and aid trade to continue between nations should the Western financial system close because of insolvencies or bankruptcies. Call it contingency planning and they know what the contingencies are. Another way to look at these plans is to see the U.S. becoming isolated. The U.S. has been trying to isolate Russia and cut them off from liquidity and trade, China (and Russia) have been isolating the U.S. little by little with each new deal signed but have not pulled any triggers along the way.
The Rest…HERE
