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Guest Haydentiff

The World Bank has competition -AIIB

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2 hours ago, Haydentiff said:

There's a good chance the US will end up joining AIIB.

The US was against it first.....and tried to block it........but now that no one listened to them, they might join it?

This is what leading from BEHIND looks like.....and what losing your POWER and INFLUENCE looks like.

The next few months will be interesting to say the least.....

 

China Creates a World Bank of Its Own, and the U.S. Balks

In setting up the Asian Infrastructure Investment Bank, China enlisted American allies, including Britain, even as Washington expressed skepticism.

By JANE PERLEZ - DEC. 4, 2015

QUOTE

A Skeptical Washington

"By the time Mr. Jin arrived in Washington in September 2014, the administration was already wary of the bank.

The deputy national security adviser for international economics, Caroline Atkinson, who headed a series of high-level meetings on the bank, was known as a strong defender of the existing system. A graduate of Oxford and a former journalist, Ms. Atkinson had worked at the I.M.F., the Bank of England and the United States Treasury.

Although Washington recognized the bank would go ahead, Ms. Atkinson and others wanted to influence the membership, according to a participant in the meetings. Important allies — Australia and South Korea, in particular — were discouraged from signing up, and G-7 countries were advised that the United States wanted a united front."

End of Quote

Only Japan and South Korea have listened......every other country joined.

Edited by TPM

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Guest Haydentiff
1 hour ago, TPM said:

but now that no one listened to them, they might join it?

Sure, why not?

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Guest Haydentiff

@TPM, I thought you would appreciate this. A Chinese construction firm builds a 57-storey skyscraper in 19 days.  Meanwhile, in Flint, Michigan, the government estimates that it will take  50 years to replace the pipes that it destroyed (water).

It's a Mini Sky City!

https://www.theguardian.com/world/2015/apr/30/chinese-construction-firm-erects-57-storey-skyscraper-in-19-days

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@Haydentiff - Holy Hell.....lol

Not sure I would want to LIVE in that building.....

I guess that is what NO REGULATIONS can do for the builders......while here in the US we SLOW WALK everything with regulations, delays and excuses why we can't take care of our infrastructure(Flint is great example) but we had 6 Trillion to invade the middle east.

Sounds like something Rome did.....lol Didn't really work out for them either.

Thanks for sharing! Great video.....wow!

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@Haydentiff - Speaking of China.....well, kind of.....lol Hong Kong

We need ASIA and most importantly China(Russia) to implement Ripple.....then, we cover all of our bets!

WHAT’S GOOD FOR HONG KONG.....WILL HOPEFULLY BE GOOD FOR CHINA?

 

Key Strengths of Distributed Ledger Tech from the Hong Kong Monetary Authority

Dec 14, 2016 | Meghan Elison

In a recent white paper commissioned by the Hong Kong Monetary Authority (HKMA), distributed ledger technology got yet another affirmation that the financial world is ready to accept the unique benefits and engage with the unique challenges of blockchain-based solutions for cross-border payments and other use cases.

Echoing sentiments from the recent U.S. Federal Reserve report on the same subject, the HKMA report pointed out the key strengths of distributed ledger technology (DLT), highlighting the potential cost savings, complete traceability of records and transactions, and resiliency of the technology that could fundamentally change the banking and payments industries.

https://ripple.com/insights/key-strengths-distributed-ledger-tech-hong-kong-monetary-authority/

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4 hours ago, Haydentiff said:

@TPM, I thought you would appreciate this. A Chinese construction firm builds a 57-storey skyscraper in 19 days.  Meanwhile, in Flint, Michigan, the government estimates that it will take  50 years to replace the pipes that it destroyed (water).

It's a Mini Sky City!

https://www.theguardian.com/world/2015/apr/30/chinese-construction-firm-erects-57-storey-skyscraper-in-19-days

Amazing, thanks for sharing.

Quote

“With the traditional method they have to build a skyscraper brick by brick, but with our method we just need to assemble the blocks,” the company engineer Chen Xiangqian said.

Just wait until the geopolymer revolution replaces our horribly wasteful industrial cements and concretes. Add to that 3d printing molds and template sharing. The world will undergo a complete transformation in terms of how and where we live.

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Posted (edited)
On 12/17/2016 at 11:54 AM, rippledigital said:

How do you retroactively "back" something with gold though? Genuine question. When you have trillions in notes everywhere. Is it just that the government holds a few hundreds tons of the shiny stuff?

Via the AIIB the Chinese can push XRP and back it with gold. 'Game set and match' to the US dollar which will loose a significant amount of it's world reserve currency status.

As far as I can see only the USA is not a member. Everyone else (Europeans, BRICS countries, middle & far east) is! Isn't that very interesting.

Edited by cryptoxrp

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On 5/11/2019 at 8:11 AM, cryptoxrp said:

Via the AIIB the Chinese can push XRP and back it with gold. 'Game set and martch' to the US dollar which will loose a significant amount of it's world reserve currency status.

As far as I can see only the USA is not a member. Everyone else (Europeans, BRICS countries, middle & far east) is! Isn't that very interesting.

 

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