Ever since its initial proposal by China as an alternative to the IMF and the World Bank, both of which are dominated by the United States, the proposed Asian Infrastructure Investment Bank (AIIB) has been a target of heavy lobbying by the US, which has been warning allies and client states it would be strongly in their best interests not to join.
The US effort is also becoming a colossal failure, as nations across the region, as well as European powers, are flocking to the China-led bank, and seemingly everyone of note on board at this point.
In recent weeks, Britain, France, Germany, Italy, and Australia all joined, over US objections. South Korea was then heavily lobbied by the US, warned to “think twice” about what it did, but has joined as well.
In the end, the AIIB seems set to become an international lender of no small influence, and much more than China even suggested when it first proposed it. The US lobbying seems not only to have failed, but had the opposite effect, and is getting almost everybody united behind the bank.
Russia has just announced they are joining as well.
China wants to have it all up and running by the end of 2015.
This is getting interesting.
The only thing that's surprising is that Russia waited so long to join. Second smallest of the BRICS countries, Russia, with its 145 million people, of whom 30 million conquered people who will sooner or later want their independence, is a small fish in today's world beside the mighty EU with its 500 million and the even mightier China with 1.3 billion. The idea that they would be even smaller fish in this bank than they are in BRICS may have made the oligarchs hesitate.
When it comes to money, there are no allies – watch as our best-friends-forever (Israel) and the UK try to join. AIIB would be wise to be a little selective in who they let in.
More proof of the declining US influence and image. The next step will of course be the shift from the dollar to another currency as the petro-currency. When that happens then perhaps the American people will understand that it's time to stop electing the idiots that we've been electing.
The world would be better off if we could move to a currency or currencies based on genuine value-added and not the contrived basis of being forced to use it for oil or other transactions. Even worse is a dollar based on the "good faith" of the US economy which increasingly consists of people in Wall Street moving funds from one pocket to another to settle bets that adds nothing of benefit anywhere.
The Putin effect! If the US wants to have influence, it must be willing to stand up for its friends. And with US necons striving might and main to destroy the EU and its currency, it's easy to see why the major EU Member States might be interested in Chinese protection!
The World is Getting Sick of ALL THE US GOVERNMENT LIES……From the Past History of the US Government and It's Leaders: When they say one thing — You can generally BELIEVE THE OPPOSITE IS TRUE. When they say it won't be good for anyone to join this, it really means it won't be good for THEM if OTHERS join it……….
The US Government Is Nothing More Than a Terrorist Organized Crime Syndicate run by Globalist Corporations, Government Contractors and the CIA.
FOR YEARS They have been rewarding and promoting CIA and military personnel from black sites, torture/detention facilities and special ops covert, elite criminal operations into Homeland Security Agencies and Law Enforcement Positions where they can politically target US citizens for covert targeted surveillance crimes and assassinations.
Many of these War Criminals from the military, and CIA, would have been tried and executed for war crimes if they were involved in Torture and War Crime activities in WWII, like what has been happening in the torture centers, detention facilities and black sites.
NOW THE US GOVERNMENT JUST PROMOTES THEM!!
Did Iran join? If so, will that allow them to circumvent the illegal sanctions (and threats of new sanctions by our Israeli-occupied legislature)?
Christian prophet predicted this in 1973, this is only the beginning. In his dream, he saw Europe as a bride in a marriage ceremony with groom Russia.
Isn't there more than enough religious idiocy around the world already? Why introduce irrationality on this forum?