Good to see you up so eary, Don. Feels like we are getting the band back together!
On Monday, March 30, 2015 at 7:00:22 AM UTC-4, Don Johnson wrote: > > I agree it's a possitive sign. We've been hosing China with monitary > easing for too long they finally did something about it. USA has some gut > checking to do that's for sure. I'll try to study up on it a little and > have more to say tomorrow. > > dj > > On Sunday, March 29, 2015 at 8:28:24 AM UTC-5, Molly wrote: >> >> The new Chinese bank established with a gold standard is gaining momentum >> on the international stage. How will this effect the world economy? These >> quotes from Bloomberg: >> >> *China’s clout has been expanding for decades, as its rapid growth >> allowed it to snap up a rising share of the world’s resources, its exports >> penetrated global markets, and its bulging financial assets gave it power >> to make big individual loans and purchases. Now, the creation of >> international lending institutions is leveraging that economic influence >> closer to the political and diplomatic arenas, as U.S. allies defy America >> to back China’s initiative.* >> >> >> >> *“This is the beginning of a bigger role for China in global affairs,” >> said Jim O’Neill, U.K.-based former chief economist at Goldman Sachs Group >> Inc., who coined the term BRICs in 2001 to highlight the rising economic >> power of Brazil, Russia, India and China…* >> >> >> >> *Chinese President Xi Jinping’s vision of achieving the same great-power >> status enjoyed by the U.S. received a major boost this month when the U.K., >> Germany, France and Italy signed on to the Asian Infrastructure Investment >> Bank. The AIIB will have authorized capital of $100 billion and starting >> funds of about $50 billion.* >> >> >> >> *Canada is considering joining, which would leave the U.S. and Japan as >> the only Group of Seven holdouts as they question the institution’s >> governance and environmental standards.* >> >> >> >> >> *China, flush with the world’s biggest foreign-exchange reserves and >> anxious to convert them into “soft power”, is building an alternative >> architecture. It has proposed not just the AIIB, but a New Development Bank >> with its “BRICS” partners—Brazil, Russia, India and South Africa—and a Silk >> Road development fund to boost “connectivity” with its Central Asian >> neighbours…* >> >> >> > -- --- You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
