China and Russia Dumping IMF

What does the Shanghai Cooperation Organization (SCO) and the Asian Infrastructure Investment Bank (AIIB) have in common? In different ways they are attempts by China to become economically self-sufficient. They are investing in their own regions and what is especially alarming to the IMF about this is that both China and Russia are using their own currencies to do it.

Michael Hudson always writes long articles, but you get the gist of it from the first five pages.

Read what Michael Hudson has to say

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