Over the past couple weeks, large western countries led by the United Kingdom have rushed to join the China-run Asian Infrastructure Investment Bank. March 31st is the deadline for founding members and at least 35 countries, most of them in Asia, have joined. Germany, France, and Italy have followed Britain in saying that they would also join the bank. The eager European applicants have certainly annoyed the United States. Erin weighs in.
Then, Erin is joined by Eswar Prasad – professor at Cornell University and senior fellow at the Brookings Institution. Eswar tells us how much the Chinese economy is slowing and explains why the US is against European countries joining AIIB. His overall view is that China can hit its 7.0% 2015 GDP growth target but the question is what kind of economic policy mix gets them there. China is trying to move away from manufacturing and this is a significant difference from a few years ago.
After the break, Erin sits down with Ann Pettifor – director of PRIME Economics and author of “Just Money: How Society Can Break the Despotic Power of Finance.” Ann tells us how much political constraints in Greece, Germany, and elsewhere play into whether we get an equitable outcome in Greek debt negotiations and gives us her take on how Europe is doing economically.
And in The Big Deal, Erin and Edward discuss recent numbers out of the Eurozone and China. The numbers were generally upbeat in Europe but they were weak in China.
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Calm down, kids. RT is no better in terms of bias versus American mainstream media. Every news station has it's master. They all take their orders when it comes to what to report and what to leave out. Russian bullshit. Today, Russians and Americans are now more similar in the sense they're controlled virtually by a group of oligarchs.
Congratulations on these videos!!!! The China currency system is giving an alternative and new hope for those countries who are going through hard time economically. They have been looking for a new,better and more efficient way to do international trades and investments so that they could improve their countries' economy. The china's economy is impressive enough to attract more countries in Europe and they already are doing good business in china. These economical relationships with those countries will intertwine with international politics for improving new cultural exchanges, innovations, new business niches and true international investments.
every transactions china do, there's always a hidden agenda for their own benefits.. they are very wise in sales talk to convince everyone...their products made in china will tell the truth about who they truly are and what they're up to ..good luck AIIB members...
The 21st century will be the 'buy up' of the 3rd world countries. China is very clever to try to befriend 3rd world. They will be the new source of cheap labor for the elite's profit machine. No EPA regulations, no O.S.H.A. , no labor unions. Very profitable and they won't even know that working with radioactive components is why they are going sterile.
Looking at flags is part of the illusion. It is not China vs. Russia vs. USA. It is a small little sliver of a fragment of the people of Earth, the wealthy owners, vs. the rest of us, the commoners. They move their money (power) from one nation to the next and people don't see what they are doing. As the new power, let's say China, takes control away from the imperialist bad guy, the USA the people cry "hurrah it is a new day and liberty will prevail" .. oops maybe not. The paradigm that has to be broken is to allow individuals to achieve gigantic massive wealth/power compared to the commoners. We should have the opportunity to reap rewards from our efforts. The hard working and diligent should be able to acquire more than those who are satisfied to live on welfare, but to allow the rift between the rich and poor to reach this level is the basic problem that the world has.
America is the world's largest terrorist stop 。He in the world war, led to the emergence of more terrorist organization. USA did not give local bring stability and peace and development .But the state of war, the destruction of homes and the people in the disaster .USA for their own interests, sacrificing the interests of all countries .USA did not bring peace to the world economic development, but the war and suffering.
I think china is on the right path to their goal which their minted leader outlined in his inauguration two years ago ,Most of the common people live in china empathized with this idea about the theory of focusing on economical development even at some extent of cost of human freedom and environmental damage ,after all ,liberty and idealism can not uplift our actual live standard which the people have seeked for hundreds of years, they know what they really want.
Good move by China. Now what Chinashould do is to make sure they share the benefits with other members and not be greedy in bidding for projects for Chinese companies only. It needs to allow other companies from other ctries have a fair share in development of projects too. This is a very good way to improve its soft power too.
it is an exaggeration to say China is "cooling off" or "slowing down".
If you earn 7% this year, add that to the total, and next year you earn at 6.5%, you are still earning more than you did last year.
The US sound like a bunch of jealous punks telling other countries not to join. WTF is their problem? The U.S. is going to take a look at this 5 years from now and way, fuck, we should have joined too.
+SuperDeluxe80 unless you share a land border with china, its very unlikely china will ever do anything to a debter country. China doesn't have a global military apparatus that destabilises and invades countries on the other side of the planet like the US.
+coojsta69 Exactly. And especially for countries with OIL who decides to drop the dollar. They get bombed the fuck out. Like Iraq who wanted to drop the Dollar.
Look what happened to them. Entire country butt raped and their national treasures / cultural heritage stolen and shipped to Israel.
What the US / Israel / Europe did was hella fucked up.
+Y Liu We're more awake than ever, it's just that nobody can hear us. We know our govt wants us sick, dead or dying. We know they are sociopaths gone rogue. We know they have us in their crosshairs. We also want the rest of the world to know that our govt does not represent the American people anymore. We do not support them, we want this lunacy to end with justice being served. We want them exposed, arrested and punished to the fullest extent of the law allowable. The few good men that can make a difference…aren't.
China enjoys with its economical development not only itself, but also together with other countries while USA is busy with making the trouble or wars everywhere. It is clear that the clever people always like who has the right direction.
USA's dramatically decline is nothing to do with China, Russia or other countries, and even China has been trying hard to help USA because both are bounding together closely in economical fields since long, China lends a lot of money to USA. USA's enemy is itself. USA's long time greedy and selfish national and international policies is the main cause of its failure.
+Ezekiel 25:17 I'm going along with that. Looking at national flags is an illusion. Y Liu makes it sound like the American people are the villain. The American people don't run the USA. The USA government is owned by the elites. Those elites move their base of operations from one nation to the next as profit margins change. .. If we went to a communist country, a republic, a dictatorship and a monarchy, we would see the same thing in all countries. The common people who just want a decent home to live in and enough food to feed their family are being raped by the wealthy owners who run the show. .. Funny how one of the original curses placed on mankind (the creation of money as a tool for greed) will play a large role in this, the climax of the play. .. Man ruling man and using money as his government has almost failed. We should allow God to be the king.
+Ezekiel 25:17 Agree with you and like your user name:- "And I will execute great vengeance upon them with furious rebukes; and they shall know that I am the LORD, when I shall lay my vengeance upon them".
What really stinks in the US is, that the lowest paid people, has to fork out the highest amount on taxes. While billion dollar profit companies get subsidies and hardly pay any tax at all.
Regarding health care, the US is worse than any 3rd world country. Most other developed nations look after its citizen with health care. So that nobody has to die, because they can't pay for a doctors visit or medications.
US economy benefits are mostly reaped by the financiers and unfortunately its the jews that has infiltrated US into its core administration and they know they need some drastic steps to reverse their decline. Having ally pacts was the right way during the cold war but who gives a shit about so called capitalist vs communist, its another propaganda cook up by the people that wants control and its really irrelevant now. I for one would like to clean my country of those greedy bastards once and for all and then rebuild by the true sons of America
The US is bankrupt with over 18 trillion dollars debt and every one knows it. Why support a warmonger like the states, that spend 100 times more on weapons then any other nation? If the US thinks the rest of the world should pay for pompous spending and endless money printing, they very wrong. The rest of the world had enough of US corruption and dictatorship!
WTF? Erin, did your idiot guest _with that ridiculous accent_ ... Mr. Eswar Putput Prasad Babaloo ... a err _Professor_ (of pseudo economics) at Cornell University and _Senior Fellow_ (I.e. ZOG bootlicker) at the Brookings Institution ... just claim *that the USA's concern regarding the Asian Infrastructure Investment Bank (AIIB) is environmental in nature*????? Haah hahaha ha ha that is the funniest and most retarded thing any bobblehead has ever said regarding the AIIB. Is this 3rd world clown in a suit for real? He should wear a huge red bulbous nose when he says shit like that.
Hilarious RT ... I didn't know "Boom Bust" was a comedy.
the biggest bully in the play ground [ usa ] is losing its grip on those who dislike its company ,the irony is they didnt have to be like this , and so life will be good again one day when force is replaced with respect , and this is what i see happening now.
Sound Heads, good wise leadership. They created the mess, not the Greeks, These "Sound Heads" they want their blood money. So those inexperience Greeks at least have a hint of morality, caring about the suffering of Honest People. Keep to your sound heads, your neo liberals and watched as the their heads begin to roll in Greece, Italy Spain, Ireland etc. Jail those Bankster Basters and the politicians and media they own.Rid us of these psychopaths who only no greed any nothing of human kindness.Maybe we can prevent total economic collapse and blood in the streets.
Not to sound sexist, but in my humble opinion, Merkel is the best woman leader in the European political landscape since the time of Maggie Thatcher. It is absolutely senseless to blame her for the Greek tragedy where the government promised things far beyond its means, borrowed recklessly and then the Greek population elected the socialist thugs hoping to get a free ride. Only a Keynesian like Pettifor can lay the blame on Merkel. The problem with Keynesianism is debtors feel entitled to bailout and as if it is a great thing to borrow and spend.
just wandering i think they did the new zealand join the bank i think they did but yet EU countries joined the club i guess you could say but of course te US wasn't happy cos it puts a bit of a hole in the US based power structure, i guess for once i would agree with Eswar Prasad on the fact that beijing could get the growth target how ever they want really but Ed is right is saying that that could end up with quote "mel investment" which isn't good.
i guess my question to you guys is how do you see china getting growth and how with the growth is obtained each year which is a flow on from Eswar Prasad point
i totally agree with you. political corruption leads to financial corruption leads to monetary corruption leads to economic, political and financial collapse.
it always has and it always will.
my personal interests are in monetary integrity. once this is achieved political and economic integrity will HAVE to follow.
but as the adage goes, once you idiot proof something, some one will become a better idiot. ;)
especially in the field of the political arts.
hopefully monetary integrity can by pass the need for the lame ass, self delusional moochers altogether.
peer to peer trade and interaction without the need for parasitic third party intervention is the natural mode of "human" progress and evolution. :)
Why is Europe stampeding to get into China's AIIB?
Because the way the E.U. is going they all may need a handout!
They are joining out of fear of the unknown. China is rising and they are falling.
AIIB is a lifeline at this point.
+Gregory Maillis +Lisa Yuen . Some people are mentally and intellectually inferior, hence, they depend on vulgarity, threat and violence to put up their arguments. We should sympathize with these type of people.
Without reforms in finance sector (Wall Street) USD will collapse because international crisis was caused by Wall Street and everyone know that without reform which Congress will not allow reforms USD will collapse. It is just matter of time when USD will collapse. Only this bank will save the world from catastrofe because it is not in Wall Street hands and everyone knows that even U.S. and that is why most of the world joined and U.S. will join there is no question about it! China is acting responsible because they know if USD collapse they will collapse as well and they are creating this new bank as safeguard from collapse of world economy.
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