U.S. Allies, Lured by China’s Bank – NYTimes.com

English: US President Barack Obama and British...

English: US President Barack Obama and British Prime Minister David Cameron trade bottles of beer to settle a bet they made on the U.S. vs. England World Cup Soccer game (which ended in a tie), during a bilateral meeting at the G20 Summit in Toronto, Canada, Saturday, June 26, 2010. (Photo credit: Wikipedia)

The NYT admits that Obama has made mistakes in letting US allies get lured by China’s new investment bank. It’s a must-read. Check it out!

via U.S. Allies, Lured by China’s Bank – NYTimes.com.

If you’re a regular follower of this blog, you will have noticed that I’ve been re-blogging major news stories from China’s media. China can’t believe her luck that first the UK, then France, Germany and Italy have rejected Obama ‘advice’. Australia is about to support China too and even Japan is wavering.

Is this more a coup for China or just a disaster for Obama’s America?

Thoughts?

 

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