Six Western economies apply to join AIIB – People’s Daily Online

English: Logo of the People's Daily 中文: 人民日报题字

English: Logo of the People’s Daily 中文: 人民日报题字 (Photo credit: Wikipedia)

This story remains top news in China’s media. See this article from People’s Daily Online, citing China’s Finance Minister. It’s an important read. Check it out!

via Six Western economies apply to join AIIB – People’s Daily Online.

Again the Chinese media is stressing that the UK was the first major Western country to sign up, against the advice of the US. It recognized that Australia joining the group is a geopolitical shift.

Let me give you a flavor:

The United States considers the AIIB to be a rival to the Western-dominated World Bank, but Lou said the newcomer is not aiming to replace the World Bank, the International Monetary Fund or the Asian Development Bank.

It will be interesting to see if competition from the AIIB provides any challenge to the neoliberal orthodoxy of the IMF?


Opinion – The U.S.-Israel Relationship Arrives at a Moment of Reckoning – Foreign Policy – John Gelmini

English: Flag of Israel with the Mediterranean...

English: Flag of Israel with the Mediterranean sea in the background, in Rishon LeZion. עברית: דגל ישראל בראשון לציון (Photo credit: Wikipedia)

Israel is, in many ways, a country which to put it delicately could do more to help its own cause and engage in cleverer PR.

That said, President Obama and his muddled foreign policy, is as Dr Alf says, creating conditions in the Middle East and elsewhere which are designed to stir up trouble for America, for Israel and for the global supply of food, raw materials and energy.

This will suit those who control these things but will cause the rest of us and Israel economic problems that all of us can do without.

ISIS as I pointed out in a different post needs to be completely removed in short order, yet Obama agonizes over limited air strikes. This allows ISIS time to grow the Caliphate and radicalize more Muslims, who will not be sympathetic to Israel, nor for that matter to the rest of the “unbelievers”.

Israel does need to reach out to other countries outside of the USA and the West because power is shifting to the BRICS and MINTS, who will in the long run be the people that Israel has to engage with constructively, in a way that it doesn’t have to in America where it has strong influence, access to the media and other forms of communication.

John Gelmini