China Bails Out Russia, and Belarus Sacks Prime Minister, Central Banker, and other Officials

Ronmamita's Blog

by William Pesek, Bloomberg View:
Thanks to China, Christine Lagarde of the International Monetary Fund, Jim Yong Kim of the World Bank and Takehiko Nakao of the Asian Development Bank may no longer have much meaningful work to do.

Beijing’s move to bail out Russia, on top of its recent aid for Venezuela and Argentina, signals the death of the post-war Bretton Woods world. It’s also marks the beginning of the end for America’s linchpin role in the global economy and Japan’s influence in Asia.

What is China’s new Asian Infrastructure Investment Bank if not an ADB killer? If Japan, ADB’s main benefactor, won’t share the presidency with Asian peers, Beijing will just use its deep pockets to overpower it. Lagarde’s and Kim’s shops also are looking at a future in which crisis-wracked governments call Beijing before Washington.

Read More: bloombergview.com

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Belarus President Alexander Lukashenko
President of Belarus, Alexander Lukashenko…

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One Response to “China Bails Out Russia, and Belarus Sacks Prime Minister, Central Banker, and other Officials”


  1. Published on Dec 27, 2014

    In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the ‘Give Us Back Our Gold’ movement across Europe as governments seek to have their gold held domestically as fear spreads about the integrity of our fiat and debt world. Max describes the de-fiatisation of the world as the American empire makes way for the emerging power of China.
    In the second half Max interviews Sandeep Jaitly of FeketeResearch.com about negative GOFO rates, earning free fiat with your gold and taking us back to the Dark Ages with Quantitative Easing.

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