Monday, April 20, 2015

Obama denies China’s right to determine laws for future of global economy

Despite the resounding rejection of the U.S. and the West’s monetary institutions by 57 major economies earlier this month, President Obama is choosing to double down on the failing empire by stating that it is America, not China, who should determine the future of the global economic system and write the laws that will function in the next monetary system.  In fact, the President’s strong words come at a time when his administration is trying to push through a new Trans-Pacific Partnership (TPP) that will give unprecedented power to multi-national corporations, and seek to put sovereign economies under the authority of private institutions.

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