It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The vast build up of military assets in the Asia-Pacific signals a fundamental change in U.S. policy towards China. Washington no longer believes that China can be integrated into the existing US-led system. Recent actions taken by China– particularly the announcement that it planned to launch an Asian Infrastructure Investment Bank (AIIB) that would compete head-to-head with the World Bank and IMF— have set off alarms in the Capital where behind-the-scenes powerbrokers and think tank pundits agree that a more “robust” policy is needed to slow China’s ascendency. The current confrontation in the South China Sea–where the US has demanded that China immediately cease all land reclamation activities–indicates that the new policy has already been activated increasing the prospects of a conflagration between the two nuclear-armed adversaries.
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. (Washington Post)
originally posted by: FlyInTheOintment
Usually it takes about two weeks for the UK media to catch up to ATS stories - I sometimes wonder if this is a 'scepticism laboratory', where our collective paranoia & suspicion is aimed at a new problem/strategy/injustice, and our opinions studied to 'close the loop' where any potential gap in the story can be plugged before being rolled out to the masses. Responding to the criticism of conspiracy theorists probably makes for good preparation to sell BS across a wider platform.
originally posted by: Greathouse
Couple corrections from your OP. Nope Russia is still enemy number one in the US's eyes. But I will give RT excellent points in their attempted deflection with more vilification of the US .
The build up in southeast Asia has nothing to do with new banks. It is solely due to China overstepping their bounds and claiming territory far beyond the limits of international law . It also has something to do with these things called "treaties" that US tends to recognize, unlike Russia and the Budapest memorandum .
originally posted by: FamCore
a reply to: wasaka
Anything that challenges the IMF and World Bank will be met with strong opposition. I just read "Confessions of an Economic Hitman", which describes how IMF, World Bank and covert participants use the system itself to throw developing countries into debt and use their influence to get UN votes.