China-led Development Bank Challenges US Economic Interests

By John Perkins

April 06, 2015 “ICH” – Germany, France and Italy follow Britain’s lead in announcing plans to join a new, $50 billion China-led development institution that could rival the World Bank. Despite pressure from Washington, major U.S. allies have agreed to join the Asian Infrastructure Investment Bank, known as AIIB.

http://www.informationclearinghouse.info/article41461.htm

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