Diplomacy: Hu And Wen Roll Out Red Carpet For Putin
The US has become quite addicted to all the world trade flowing to the US while we pay for this via a massive mountain of trillions in debts. Few people know this but ‘dollars’ and any paper money are actually DEBT promises. Way back before the Great Depression, all paper money printed in the US had words to this sort, that first, paper money can be handed over for gold and then later, silver. Then this was dumped after Nixon cut the metal connection to paper money and debt took off like a rocket. As did inflation which the government fixed via letting in a flood of foreign exports which drove down prices somewhat.
Britain says in ‘national interest’ to join China-backed bank because London is the banking center of the world and the Queen runs many offshore banks at various islands that swear fealty to her and the government of London, not the ‘country’ of Britain. Immediately, the Obama administration hits out at UK after Britain signs up to $50bn Beijing bank :