Tectonic Shifts in the Global Order... Now going Mainstream

[Don1]

New World Order Chronicles, Boiling Frogs Edition CCXXV111

LARRY SUMMERS: The US may have lost its role as the world's economic leader
The Washington Post
LAWRENCE SUMMERS, THE WASHINGTON POST
APR. 6, 2015, 8:37 AM


obamaREUTERS/Jonathan Ernst
U.S. President Barack Obama delivers remarks on the economy at software development company InDatus in Louisville, Kentucky April 2, 2015. Obama is making the stop at Indatus to highlight his TechHire jobs initiative.

This past month may be remembered as the moment the United States lost its role as the underwriter of the global economic system.

True, there have been any number of periods of frustration for the United States before and multiple times when U.S. behavior was hardly multilateralist, such as the 1971 Nixon shock ending the convertibility of the dollar into gold.

But I can think of no event since Bretton Woods comparable to the combination of China's effort to establish a major new institution and the failure of the United States to persuade dozens of its traditional allies, starting with Britain, to stay out.



Read more: http://www.businessinsider.com/larry...#ixzz3WZmRf62l

[Don1]

Cyaan seh wi neva warn unnu...

...Now dat Babylon ah validate mi thesis unnu supposed to start know di deal... But most ah unnu waan si dat come pon TV fuss before unnu seh "wow..is choo"!!! ....
wooooiiieee mi claicle!!!


Larry Summers has a major warning for the US economy, and everyone should be paying attention


I can think of no event since Bretton Woods comparable to the combination of China's effort to establish a major new institution and the failure of the United States to persuade dozens of its traditional allies, starting with Britain, to stay out.

This failure of strategy and tactics was a long time coming, and it should lead to a comprehensive review of the U.S. approach to global economics. With China's economic size rivaling that of the United States and emerging markets accounting for at least half of world output, the global economic architecture needs substantial adjustment. Political pressures from all sides in the United States have rendered the architecture increasingly dysfunctional.

[Islandman]

Mek we see how IMF and World Bank respond to this likkle competition. Dem say dem like a free market so, dem should be pleased with this development

[Sir X]

Greece president just took a trip to russia,incidentally they chair the Brics for this year and are bullish on setting up that bank.hmmmm.

[Comment]

[QUOTE=Don1;515574]...Now dat Babylon ah validate mi thesis unnu supposed to start know di deal... But most ah unnu waan si dat come pon TV fuss before unnu seh "wow..is choo"!!! ....
wooooiiieee mi claicle!!!

You have been beating this drum for a decade. It is not even close to being true..so you need not worry... the blanket of freedom and protection you choose for cover will provide you warmth for many generations...

[Sir X]

Don 1 nuh juss join di forum , that said every year it seem like a reality , 2 international banks to challenge the IMF and world bank , all focused on developing trade links with the common link being China driven.

Deny it at your peril.

[Don1]

Wrong on all counts

Haven't been in the Bar for a decade

The blanket is getting more tattered year by year...and I'm not feeling comforted

Plan B must be engaged

[Comment]

Wrong on all counts

Haven't been in the Bar for a decade

The blanket is getting more tattered year by year...and I'm not feeling comforted

Plan B must be engaged

LOL

[Don1]

Mek we see how IMF and World Bank respond to this likkle competition. Dem say dem like a free market so, dem should be pleased with this development

LOL...fi reel

But what this portends is far bigger than just that.

One of the big levers the US/West have over other nations is sanctions based on restricting IMF/World Bank/IADB etc loans as well as barring private investors.
That's a main way how countries are forced to do their bidding.... the next step is bombing or regime change ops if dem stubborn

If credible alternative financing emerges that is not under Western domination...that's a HUGE problem in the West enforcing its policies on others

If that gathers steam in the next 15-20 years...That's a tectonic shift in the global order ..Which shift I've been advising the Bar about from 2008

[Don1]

yuhseeit

but nuh truss mi...truss Larry like ow im juss si di light

is like im ah read mi post dem

[Rudi]

I don't know why Larry Summers is saying that. Him must have grown tired of the comforts of Babylon. Crazy fellow. Kissteeth.

[Don1]

I don't know why Larry Summers is saying that. Him must have grown tired of the comforts of Babylon. Crazy fellow. Kissteeth.

LOL!

Larry need not worry... the blanket of freedom and protection he chose for cover will provide him with warmth for many generations...

Mi belly!!

[1of1]

New World Order Chronicles, Boiling Frogs Edition CCXXV111

LARRY SUMMERS: The US may have lost its role as the world's economic leader
The Washington Post
LAWRENCE SUMMERS, THE WASHINGTON POST
APR. 6, 2015, 8:37 AM


obamaREUTERS/Jonathan Ernst
U.S. President Barack Obama delivers remarks on the economy at software development company InDatus in Louisville, Kentucky April 2, 2015. Obama is making the stop at Indatus to highlight his TechHire jobs initiative.

This past month may be remembered as the moment the United States lost its role as the underwriter of the global economic system.

True, there have been any number of periods of frustration for the United States before and multiple times when U.S. behavior was hardly multilateralist, such as the 1971 Nixon shock ending the convertibility of the dollar into gold.

But I can think of no event since Bretton Woods comparable to the combination of China's effort to establish a major new institution and the failure of the United States to persuade dozens of its traditional allies, starting with Britain, to stay out.



Read more: http://www.businessinsider.com/larry...#ixzz3WZmRf62l

The only problem a bank is a bank, bank nuh war wid bank

[Jawge]

Yuh nuh tiad fi type foolishness bout yah.

[Don1]

Yuh nuh tiyad fi worship Babylon?? Tek up yuh complaint wid Larry Summers yute

Look like yuh inna di House Slave business