China, 21 other countries initiate new Asian bank opposed by US as rival to existing lenders
Oct 24, 2014.
"U.S. objections dwell mainly on worries the new infrastructure bank could lower international lending standards and work against existing multinational lenders by offering laxer environmental, labor and other safeguards for loans that are intended to prevent abuses and protect vulnerable populations."
Hahahahahahahahahahahhahaha !!!!
As if there's NOTHING worse than having the whole monetary system sitting on 2000+ TRILLION dollars of FAKE derivatives and securities that HUGELY supercede all the resources and productivity on Planet Earth many times over !!!!!
"U.S. objections dwell mainly on worries the new infrastructure bank could lower international lending standards and work against existing multinational lenders by offering laxer environmental, labor and other safeguards for loans that are intended to prevent abuses and protect vulnerable populations."
Hahahahahahahahahahahhahaha !!!!
As if there's NOTHING worse than having the whole monetary system sitting on 2000+ TRILLION dollars of FAKE derivatives and securities that HUGELY supercede all the resources and productivity on Planet Earth many times over !!!!!
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