Asian summit nations reject President Obama And US Dollar, create new economic partnership.(Examiner).By Kenneth Schortgen Jr. On Dec.4, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, and future trends reporter on economic and financial issues, announced on the Just Measures Radio Pathfinder program of a new economic partnership created at the recent Asian summit, which bypasses the United States and the dollar.
In fact, Pastor Williams noted that President Obama was left out of the new partnership agreement, and told during his recent visit that he, and the United States, were not welcome to participate.
Lindsey Williams: You saw it, it was in the newspapers just the other day. The President went over to negotiate with the Southeast Asia countries... there were 15 Asian nations comprising half of the world's population. When he went over to see if he could get them to include America in their regional economic partnership, they said go home Mr. President, we don't want anything to do with you... we are going to form our own partnership. - Lindsey William, Pathfinder Radio Show, Dec. 4
One validation of this new partnership bypassing the United States and the dollar was in the creation of a developmental bank to challenge the IMF, using currencies other than the U.S. dollar. This new bank, comprised of $240 billion from primarily BRIC nations in the partnership, will open access to sovereign loans for countries, and may soon be backed by a gold based currency China is working on.
To understand the enormity of what took place at the Asian summit, one must look at the 15 nations who signed this agreement to form a comprehensive economic partnership. which is comprised of over three billion people from developing economies.
LW: They are going to form their own regional comprehensive economic partnership, and this is who the nations are: China, India, Japan, South Korea, Australia, and New Zealand... three billion Asians, along with those in that 15 nation Asian summit, will use their own currencies, or the Chinese currencies, for complete trade of all of their products, and will not use the American dollar any longer. - Lindsey William, Pathfinder Radio Show, Dec. 4
The ramifications of what China has done to the dollar, petro-dollar, and U.S. hegemony over the world's reserve currency, as well as their offensive against the IMF, the SWIFT system and BIS, and in regards to U.N. sanctions against Iran in just the past three months is staggering. In September alone, China, through a partnership agreement with Russia to purchase all the oil they desire, became a global wholesaler of the world's primary energy source, and now allows nations to purchase the commodity in currencies other than the dollar. And along with new trade agreements in Iraq and Afghanistan for their resources, the Asian superpower is going all in to offer a full replacement to the United States, and its stranglehold over the primary currency and petro-currency that the world has relied upon for over 40 years.
Since the United States began sending their manufacturing base offshore to find cheaper labor, and imports far more goods than it exports, the only industry that has sustained the economic superpower has been control over the world's reserve currency, and their ability to print dollars at will. However, those days are quickly becoming scarce as Asian bloc nations, led by China and developing economies that comprise half of the world's population, reject U.S. authority and dominion over the economic landscape, and add several nails to the coffin of a currency whose days are numbered.
For more on finance and economics, you can follow Ken Schortgen Jr on Twitter, and listen to the weekly economic roundup segment of the Angel Clark radio show from 6-7 p.m. EST on Friday evenings.
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