Totally agree with your comments on the new China Bank. Australia is in smack bang in the Asia region. We should be working our way into making the best of all the trading opportunities with Asia, but not stupidly. The Asian market is just enormous and our US/UK controlled PM along with Julie Bishop are just going to follow the US into whatever disasters both Financial and Militarily that they tell us we should be in. I include the PFTA in that because it will be a disaster for Australia.
News out of the EU
The EU has told the UK it has to cough up another 2billion or so for its share of the Environmental fund.
The UK PM has said on TV that there is no way he will pay the money at all ever.
The EU banks stress testing finished recently and they need another 10 or 20 billion in reserves so Im guessing the EU is trying to squeeze for money out of the UK.
The relationship between the EU and the UK is not going so well recently.
BRICS
China and the rest still have the BRICS bank. The WORLD BANK/IMF approached BRICS about doing a deal and the BRICS said of course but on our terms.
