China’s Shocking Move Toward World Domination And An Ominous Warning
May 21, 2016
With so much focus on the West’s massive money printing schemes, China has made a shocking move toward world domination. There is also an ominous warning as the Chinese move to dominate the world.
Stephen Leeb: “This past Tuesday, May 17, the Financial Times carried a story headlined ‘China Becomes Global Leader in Development Finance.’ And even I – who have been keenly following China’s progress, which relates directly to prospects of a big bull market in gold – was caught by surprise. After all, what about the World Bank, financed by the wealthy nations of the West? What about the Asian Development Bank, similarly controlled by Western countries? How could these venerable institutions, each of them charged with financing development in the less developed part of the world, have been overtaken by China?…
In Volatile Markets, Is Wealth Preservation King?
In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering losses and that the Fed would also experience massive losses that will destabilize the global financial system! His company is the only one in the world offering a precious metals investment service outside the banking system, with direct ownership and full control by the investor. He has also become legendary for his predictions on QE, historic moves in currencies, and major global events. To find out what he and his company can do to help answer that age old question for you CLICK HERE.
Stephen Leeb continues: “And the article didn’t even focus on the newly launched Asian Infrastructure Development Bank (AIIB), which China inaugurated with much fanfare in January. To the chagrin of the U.S., many of our supposedly staunchest allies, including Great Britain, Germany, and the Philippines, rushed to join. The U.S. saw the bank as a frontal assault on the Western development banks mentioned above. Indeed on January 27, Reuters noted that ‘a successful AIIB that sets itself apart from the World Bank…would be a diplomatic triumph for China, which opposes a global financial order it says is dominated by the United States and does not adequately represent developing nations.‘
The implication of the Reuters article was that the AIIB was a potential threat, not an immediate one. After all, the AIIB is expected to lend only about $15 billion a year for the first five or six years of its existence. Those sums aren’t big enough to challenge the alleged hegemony U.S.-led institutions have in development lending.
But the Financial Times article doesn’t even mention the AIIB. Instead, it says that two other China-controlled banks, China Development Bank and the Export-Import Bank of China, rank first and third in development lending; the World Bank ranks second. But the combined lending by just these two Chinese banks is roughly equal to all Western lending to developing economies.
China’s Stealthy Move To Dominate The World
Further, if you include about 15 much smaller China-backed banks including the AIIB, China’s lending to developing countries far exceeds that of the West. Even more striking, while many of the Western institutions have been around since the end of WWII – more than 70 years – the Chinese banks started their lending only about a decade ago.
The Financial Times articles concludes: ‘If outstanding loans to domestic borrowers from the two Chinese policy banks are included in calculations, then China’s dominance in global development finance becomes even more unequivocal. The CDB and Ex-Im Bank have well over $2 trillion in total combined assets both inside and outside China.’
The inescapable conclusion is that to a large extent, China is now controlling world development, something that has happened right under our noses while Western pundits were fuming about China’s debt and other supposed problems that in actuality China has well under control.
An Ominous Warning
It’s important to realize that development of the undeveloped world will be central to many unfolding narratives as the decade proceeds. Chief among these will be the issue of how to allocate scarce resources. Just consider that the developed world represents 17 percent of the world’s population but has roughly five times the material goods of undeveloped countries. This means that, assuming no growth whatsoever in the developed world, for the developing world to catch up, worldwide material goods will have to increase fivefold. This would result in massive scarcities of virtually every commodity you can think of from copper to heavy rare earths to lithium to hydrocarbons.
China’s Move To A Gold-Backed Yuan
With China already trading in the yuan with some of these developing countries, like Russia, and preparing to set up an oil benchmark denominated in yuan, I will conclude by saying that the yuan, or more precisely a yuan that is backed by gold, will be the only way to ration the enormous amount of materials needed for worldwide development that China is well on its way to controlling. The actionable message is that while gold and silver could dip a bit in the face of a tougher-talking Fed, you should use any weakness to buy. Owning gold and silver will be your best – and possibly only – defense against China’s stealthy end run around an ever complacent West.”
http://kingworldnews.com/chinas-shocking-move-toward-world-domination-and-an-ominous-warning/
May 21, 2016
With so much focus on the West’s massive money printing schemes, China has made a shocking move toward world domination. There is also an ominous warning as the Chinese move to dominate the world.
Stephen Leeb: “This past Tuesday, May 17, the Financial Times carried a story headlined ‘China Becomes Global Leader in Development Finance.’ And even I – who have been keenly following China’s progress, which relates directly to prospects of a big bull market in gold – was caught by surprise. After all, what about the World Bank, financed by the wealthy nations of the West? What about the Asian Development Bank, similarly controlled by Western countries? How could these venerable institutions, each of them charged with financing development in the less developed part of the world, have been overtaken by China?…
In Volatile Markets, Is Wealth Preservation King?
In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering losses and that the Fed would also experience massive losses that will destabilize the global financial system! His company is the only one in the world offering a precious metals investment service outside the banking system, with direct ownership and full control by the investor. He has also become legendary for his predictions on QE, historic moves in currencies, and major global events. To find out what he and his company can do to help answer that age old question for you CLICK HERE.
Sponsored
Stephen Leeb continues: “And the article didn’t even focus on the newly launched Asian Infrastructure Development Bank (AIIB), which China inaugurated with much fanfare in January. To the chagrin of the U.S., many of our supposedly staunchest allies, including Great Britain, Germany, and the Philippines, rushed to join. The U.S. saw the bank as a frontal assault on the Western development banks mentioned above. Indeed on January 27, Reuters noted that ‘a successful AIIB that sets itself apart from the World Bank…would be a diplomatic triumph for China, which opposes a global financial order it says is dominated by the United States and does not adequately represent developing nations.‘
The implication of the Reuters article was that the AIIB was a potential threat, not an immediate one. After all, the AIIB is expected to lend only about $15 billion a year for the first five or six years of its existence. Those sums aren’t big enough to challenge the alleged hegemony U.S.-led institutions have in development lending.
But the Financial Times article doesn’t even mention the AIIB. Instead, it says that two other China-controlled banks, China Development Bank and the Export-Import Bank of China, rank first and third in development lending; the World Bank ranks second. But the combined lending by just these two Chinese banks is roughly equal to all Western lending to developing economies.
China’s Stealthy Move To Dominate The World
Further, if you include about 15 much smaller China-backed banks including the AIIB, China’s lending to developing countries far exceeds that of the West. Even more striking, while many of the Western institutions have been around since the end of WWII – more than 70 years – the Chinese banks started their lending only about a decade ago.
The Financial Times articles concludes: ‘If outstanding loans to domestic borrowers from the two Chinese policy banks are included in calculations, then China’s dominance in global development finance becomes even more unequivocal. The CDB and Ex-Im Bank have well over $2 trillion in total combined assets both inside and outside China.’
The inescapable conclusion is that to a large extent, China is now controlling world development, something that has happened right under our noses while Western pundits were fuming about China’s debt and other supposed problems that in actuality China has well under control.
An Ominous Warning
It’s important to realize that development of the undeveloped world will be central to many unfolding narratives as the decade proceeds. Chief among these will be the issue of how to allocate scarce resources. Just consider that the developed world represents 17 percent of the world’s population but has roughly five times the material goods of undeveloped countries. This means that, assuming no growth whatsoever in the developed world, for the developing world to catch up, worldwide material goods will have to increase fivefold. This would result in massive scarcities of virtually every commodity you can think of from copper to heavy rare earths to lithium to hydrocarbons.
China’s Move To A Gold-Backed Yuan
With China already trading in the yuan with some of these developing countries, like Russia, and preparing to set up an oil benchmark denominated in yuan, I will conclude by saying that the yuan, or more precisely a yuan that is backed by gold, will be the only way to ration the enormous amount of materials needed for worldwide development that China is well on its way to controlling. The actionable message is that while gold and silver could dip a bit in the face of a tougher-talking Fed, you should use any weakness to buy. Owning gold and silver will be your best – and possibly only – defense against China’s stealthy end run around an ever complacent West.”
http://kingworldnews.com/chinas-shocking-move-toward-world-domination-and-an-ominous-warning/
Today at 5:38 am by Rocky
» Al-Sudani asks the American Baker Institute for assistance in preparing studies related to the oil m
Today at 5:36 am by Rocky
» The Interior Ministry denies the occurrence of explosions inside Iraqi territory and diagnoses “the
Today at 5:35 am by Rocky
» Tensions between Najaf and Baghdad over the airport... the rule of law over “military force” and the
Today at 5:34 am by Rocky
» Al-Sudani from Washington: We agreed with Abu Dhabi on joint management of Al-Faw Port
Today at 5:33 am by Rocky
» "Al-Party" talks about the region's elections and reveals the reason for refusing to pay salaries di
Today at 5:31 am by Rocky
» Russia's oil is taking more of the Middle East's shares in the Indian market.. How much has Iraq los
Today at 5:29 am by Rocky
» Early next month.. Traffic confirms that the electronic payment system is working only
Today at 5:27 am by Rocky
» The Service Council accuses state departments of refraining from disbursing bonuses because of the m
Today at 5:25 am by Rocky
» Electricity: The Baghdad street lighting campaign will be completed before the middle of this year
Today at 5:24 am by Rocky
» Oil poses two conditions for moving the Doura refinery to an alternative location
Today at 5:23 am by Rocky
» The Foreign Minister reveals the truth about his resignation and the reason for his departure to Erb
Today at 5:22 am by Rocky
» Progress: Al-Halbousi’s acquittal has become conclusive, and his return to the presidency of Parliam
Today at 5:20 am by Rocky
» Disagreements strike Al-Maliki's coalition over choosing the governor of Diyala
Today at 5:19 am by Rocky
» The Union accuses Türkiye of exploiting the political situation for a ground incursion into Iraq
Today at 5:18 am by Rocky
» The Democratic Party: Barzani is eagerly awaiting the results of Al-Sudani’s visit to Washington
Today at 5:17 am by Rocky
» Frame: Al-Halbousi in the news and his return has become a pipe dream
Today at 5:16 am by Rocky
» A parliamentary request to capitalize on Erdogan’s visit to Baghdad to end the water crisis
Today at 5:15 am by Rocky
» utube 4/18/24 Iraq: Over 14 Agreements Signed Between Iraq and US BREAKING NEWS from Congress.
Yesterday at 6:28 pm by Rocky
» utube MM&C 4/16/24 IQD Update - Iraq Dinar - America - Activate - Massive Economic Deals -
Yesterday at 6:24 pm by Rocky
» Al-Sudani urges the US corporation Honeywell to help finish the Basra refinery
Yesterday at 3:48 pm by Rocky
» Al-Sudani Meets with Representatives of Western Media Outlets in Washington
Yesterday at 3:46 pm by Rocky
» Chairman of the Investment Authority signs the United Nations Convention on International Mediation
Yesterday at 3:44 pm by Rocky
» PM: We will sign a contract to establish the Al-Faw refinery with a Chinese company
Yesterday at 3:42 pm by Rocky
» PM arrives in Houston as part of his visit to USA
Yesterday at 3:41 pm by Rocky
» Militia Man & Crew 4/18/24 Bush signed it and all presidents implemented it. Iraq’s funds have been
Yesterday at 2:46 pm by Rocky
» Association of Iraqi Private Banks: The suspension of some electronic payment services yesterday was
Yesterday at 8:14 am by Rocky
» Iraq is close to launching the electronic signature
Yesterday at 8:12 am by Rocky
» The Basra government discusses with an international oil company the implementation of social benefi
Yesterday at 8:11 am by Rocky
» The Prime Minister confirms to an American company: Gas projects in Iraq are a priority for the gove
Yesterday at 8:10 am by Rocky
» The Minister of Planning discusses with the World Bank mechanisms for scheduling external loans
Yesterday at 8:09 am by Rocky
» Oil sets the twenty-seventh of this month as the date for opening contracts for the fifth complement
Yesterday at 8:08 am by Rocky
» “Electronic begging”...professionalism and fabrication of stories” generates millions of dinars dail
Yesterday at 8:05 am by Rocky
» Al-Sudani calls on the American company Hanwell to contribute to the completion of the Basra refiner
Yesterday at 8:03 am by Rocky
» An American company expresses its willingness to establish LED lighting production lines in Iraq
Yesterday at 8:02 am by Rocky
» Including Iraq.. Iran announces the possibility of exporting 300 megawatts of “renewable electricity
Yesterday at 8:01 am by Rocky
» Political forces present two options to find an alternative to Al-Halbousi
Yesterday at 7:58 am by Rocky
» Parliament is awaiting the arrival of the budget schedules and the government is studying higher spe
Yesterday at 7:56 am by Rocky
» The International Monetary Fund adjusts its expectations for the development of the world’s economie
Yesterday at 7:54 am by Rocky
» A representative talks about the difficulty of finalizing the file of “electing the Speaker of Parli
Yesterday at 7:50 am by Rocky
» Work on preparing a law for diplomatic passports
Yesterday at 7:49 am by Rocky
» A female representative accuses the Ministry of Immigration of corruption
Yesterday at 7:47 am by Rocky
» Minister: Solving the Kurdistan salaries problem is the beginning of addressing other disputes betwe
Yesterday at 7:45 am by Rocky
» About 270 million dollars were sold by the Central Bank of Iraq in the currency auction
Yesterday at 7:42 am by Rocky
» The volume of trade exchange between Jordan and Iraq will exceed 800 million dinars in 2023
Yesterday at 7:41 am by Rocky
» Iraq signs memorandums of understanding with American companies in the fields of electricity, oil an
Yesterday at 6:31 am by Rocky
» The American company that manufactures the F16 expresses its readiness to implement the terms of con
Yesterday at 6:30 am by Rocky
» The volume of expected Qatari investments for the Iraq Fund for Development exceeds $3.5 billion
Yesterday at 6:29 am by Rocky
» Decrease in dollar prices in Baghdad and Erbil
Yesterday at 6:27 am by Rocky
» The President of the Region brings together the Kurdish parties to resolve the election file
Yesterday at 6:26 am by Rocky
» Al-Sudani receives in Washington the Chairman of JPMorgan
Yesterday at 6:25 am by Rocky
» Transport is starting to transform its ports into smart ones
Yesterday at 6:23 am by Rocky
» Sudanese reveals the volume of exchange with America
Yesterday at 6:22 am by Rocky
» "Al-Eqtisad News" publishes the memorandums of understanding signed between the Iraqi delegation and
Yesterday at 6:21 am by Rocky
» Al-Sudani urges an American company to contribute to establishing a chemical materials factory
Yesterday at 6:20 am by Rocky
» Iraq stresses the importance of Lockheed Martin's commitment to opening military aircraft maintenanc
Yesterday at 6:19 am by Rocky
» Iraq is on the verge of a “water disaster” by 2035
Yesterday at 6:18 am by Rocky
» Great satisfaction and optimism with the results of Sudanese’s visit to Washington
Yesterday at 6:16 am by Rocky
» Transport is beginning to adopt a plan to transform its ports into smart ones
Yesterday at 6:15 am by Rocky
» Completed 8,000 loan transactions at the Housing Bank
Yesterday at 6:14 am by Rocky
» Prime Minister: We plan to invest production capacities for export
Yesterday at 6:12 am by Rocky
» Transformation and partnership...a new horizon in Iraqi-American relations
Yesterday at 6:10 am by Rocky
» What is new in the economic dimension of the Washington visit?
Yesterday at 6:09 am by Rocky
» Two letters to the future
Yesterday at 6:08 am by Rocky
» National interests first
Yesterday at 6:06 am by Rocky
» Iraqi-American rapprochement...a national necessity
Yesterday at 6:05 am by Rocky
» Al-Sudani’s visit to Washington and the course of Iraqi-American relations
Yesterday at 6:04 am by Rocky
» Sudanese carries security, economic and development files to Washington
Yesterday at 6:03 am by Rocky
» Armament and military development... features of a sustainable partnership
Yesterday at 6:02 am by Rocky
» Analysts: Sudanese's visit to Washington will achieve excellent results in the future
Yesterday at 6:01 am by Rocky
» Iraqi-American relations...the legacy of the past and the aspirations of partnership
Yesterday at 6:00 am by Rocky
» Sudanese and external necessities
Yesterday at 5:59 am by Rocky
» The Strategic Framework Agreement... 7 important provisions
Yesterday at 5:58 am by Rocky
» Joint statement of the Iraqi-American discussions
Yesterday at 5:56 am by Rocky
» Supreme Coordinating Committee: Iraq's role is vital to the security and prosperity of the region
Yesterday at 5:55 am by Rocky
» Towards an effective bilateral economic relationship between Baghdad and Washington
Yesterday at 5:53 am by Rocky
» She saw it as a new, different chapter in Iraqi-American relations... Al-Sudani’s visit to Washingto
Yesterday at 5:52 am by Rocky
» Al-Sudani’s visit to Washington.. Implications and results
Yesterday at 5:51 am by Rocky
» Advisor to the Prime Minister: The relationship with America has moved to the stage of cooperation
Yesterday at 5:50 am by Rocky
» Sudanese sponsors the signing ceremony of memorandums of understanding in America
Yesterday at 5:47 am by Rocky
» Al-Sudani: The volume of exchange between Iraq and the United States does not exceed 10 billion doll
Yesterday at 5:46 am by Rocky
» During Erdogan's visit on Monday, Iraq seeks to sign the "Water Protocol" with Türkiye
Yesterday at 5:45 am by Rocky
» With the escalation of tension between Tehran and Tel Aviv...an expert reveals the secrets of Sudane
Yesterday at 5:43 am by Rocky
» There are 150 draft laws on the parliament table waiting to be voted on... and the debates require c
Yesterday at 5:42 am by Rocky
» Al-Sudani stresses the necessity of continuing the dialogue with the US Treasury, the Federal Reserv
Yesterday at 5:41 am by Rocky
» Deputy: We reject the term sanctions, and Iraq is financially independent
Yesterday at 5:38 am by Rocky
» Warnings of a “political impasse” after Barzani’s boycott of the elections... Al-Sadr raises questio
Yesterday at 5:37 am by Rocky
» The head of the Kurdistan Regional Government’s representative office in Baghdad visits the external
Yesterday at 5:36 am by Rocky
» Al-Sudani: There are no combat forces in Iraq to withdraw.. The Iraqi Prime Minister confirmed in Wa
Yesterday at 5:34 am by Rocky
» Do the Iraqi political blocs really intend to hold the second early elections?
Yesterday at 5:33 am by Rocky
» Baghdad is not aware of the factions’ participation in the attack on Israel, and Washington is revie
Yesterday at 5:32 am by Rocky
» Progress: Al-Halbousi may return to the presidency of Parliament
Yesterday at 5:30 am by Rocky
» Al-Sudani: Iraq has distinguished relations with Iran and America
Yesterday at 5:30 am by Rocky
» Minister of Industry: Iraq is not a rich country and the electricity problem will not be solved even
Yesterday at 5:29 am by Rocky
» A prospective law to employ prisoners and detainees... job and retirement opportunities similar to E
Yesterday at 5:27 am by Rocky
» Sako in Baghdad.. Three possible scenarios for his return after the “withdrawal of the decree” crisi
Yesterday at 5:26 am by Rocky
» Parliamentary Integrity reveals a move with the judiciary to recover TBI Bank’s funds
Yesterday at 5:24 am by Rocky
» Iraq signs 18 memorandums of understanding with Washington
Yesterday at 5:22 am by Rocky
» An Iraqi judicial delegation arrives in Syria to discuss terrorism files and document ISIS crimes
Yesterday at 5:21 am by Rocky