China goes all in to undermine US dollar hegemony & the EU follows

Greetings,

With this latest move geopolitically and economically we see the dollar continuing on it’s downward spiral internationally as nations position themselves to the East following China’s economic lead.

This is one reason why America is causing a stink in the South China Sea. She is mad as hell that China would dare undermine her power base. This is driving other nations from her in ways unlike what she ever imagined.

It was wisely stated in prophecy that….”The beautiful and rich country of America, to which many people of Europe and Asia migrated, seeking refuge — in this country, as the prophecy is now coming into fulfillment…(“…in that day and time everyone will begin to go away from America, instead of coming to America!”)

As the Revelation (Bible) teaches us of the prophecy that “they will stand afar off and see the fire of her (America’s) burning and for fear of it they will lift up their hands and their voices. They will lament for her!”

America’s trade is cut off and all of her delicious and delicate things that she used to have in trade — it is all gone! In one hour (one day) it came to pass, here in the Western Hemisphere!”-Chp.60(tfoa)

Now look at the scramble out of the Western economic crisis towards the East.

Eurozone to set up constituency agreement for AIIB

The finance ministers from the eurozone countries have agreed to create a unified constituency at the Asian Infrastructure Investment Bank (AIIB), Eurogroup President Jeroen Dijsselbloem said on Monday.

“We’ve come to an agreement on the constituency for the AIIB,” Dijsselbloem told reporters after monthly eurozone finance ministers’ meeting, saying it is “very good news”.

The AIIB is a multilateral financial institution proposed by China. A number of 10 countries from the eurozone, namely Austria, Finland, France, Germany, Italy, Luxembourg, Malta, the Netherlands, Portugal, and Spain, have expressed their willingness to join the AIIB.

It is expected that the AIIB would be operational by the end of this year. Therefore, the eurozone countries have been making efforts towards an agreement in principle on the setting up of a constituency of the members participating in the AIIB in recent months.

“We discussed it last month, had a silent procedure; only Finland have said that they cannot enter the constituency at this point but the other countries will make a start with a eurozone constituency and we will now concentrate on setting up a constituency agreement,” Dijsselbloem introduced.

Dijsselbloem said the work on the agreement will be done by the Eurozone Working Group (EWG), which groups eurozone deputy finance ministers.

Source: Xinhua

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