Posted On: 03/20/2015 10:30:56 AM
Post# of 17653
regarding predictions, I wonder if the following has anything to do with the effort of China and others to move away from the US $ as a reserve currency
Despite strong objections from the U.S., Australia has signaled its readiness to join the new China-led Asian Infrastructure Investment Bank, following Japan which said it would consider becoming a member. South Korea, Britain and major EU nations also announced this month they would join the AIIB, breaking ranks with the U.S., which has urged countries to think twice before joining due to lax governance and environmental safeguards.
Seeking Alpha
...the flow of $$ will impact business consortiums
Despite strong objections from the U.S., Australia has signaled its readiness to join the new China-led Asian Infrastructure Investment Bank, following Japan which said it would consider becoming a member. South Korea, Britain and major EU nations also announced this month they would join the AIIB, breaking ranks with the U.S., which has urged countries to think twice before joining due to lax governance and environmental safeguards.
Seeking Alpha
...the flow of $$ will impact business consortiums
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