Iran has been accepted as a founding member of the new Asia Infrastructure Investment Bank (article link). China emphasized that the decision was made by existing members including Britain, France, India and Italy. I find it interesting that former staunch political/economic allies of the U.S. – especially Britain and India – supported the decision to include Iran as a founding member of the AIIB. The AIIB is quickly advancing as a significant ecnomic/geopolitical rival to the U.S.-controlled World Bank.
The United States had openly “discouraged” several of its western European/UK allies from joining the AIIB. Even Japan, which is the United States’ most loyal lapdog country, is considering joining the AIIB.
The U.S. is becoming increasingly isolated both geopolitically and economically from the rest of the world. Its overt attempts to overthrow the current Syrian Government was bluntly rejected by Russia – with the implicit “background” support of China.
And now several European allies, specifically Germany and France, have been reluctant to further support
NATO U.S. efforts to militarize Ukraine with weapons which can be used to attack Russian.
For myself, and many others, the rapid emergence of the AIIB is symbolic of the historic power shift in the global balance of power – economic, political, military – from west to east. The linchpin of this shift is the massive and ongoing transfer of physical gold from western Central Bank vaults to Asia, primarily China.
As this power shift advances, it further erodes any legitimacy of the reserve status of the U.S. dollar. As the viability and acceptance of a global economic system based on the U.S. dollar erodes, so does U.S. political hegemony.
History tells us that when a global superpower loses economic and political hegemony, it seeks to maintain its grip on power through military force. I would suggest that this is what we have been seeing with U.S. military campaigns in the Middle East and Ukraine. I would also suggest that as the U.S. loses its global power, it will become more dangerous as a global nuclear weapons power…