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>>> Unfortunately President Obama, the world does want China to now write the rules



Examiner.com

May 8, 2015



http://www.examiner.com/article/unfortunately-president-obama-the-world-does-want-china-to-now-write-the-rules



On May 8, President Barack Obama traveled to Nike headquarters in Beaverton, OR to speak upon, and attempt to sell the idea of the Trans-Pacific Partnership (TPP) to both the American people, and to Congress. Yet during his speech, the President completely masked the real objectives of the TPP trade agreement by distilling the issue into an us vs. them conflict, where his message came down to whether China would be the one to write the rules of the new financial system, or whether the United States would be able to continue into another century as the singular authority over the global economy.

The Trans-Pacific Partnership is a treaty that for the past year has been written in secret, and outside most of the confines of Congress. At its core, which was revealed a few months back by the whistleblower organization known as Wikileaks, the TPP is a treaty that moves sovereign and financial power over to private corporations, and removes many of the protections that people, municipalities, and governments have in regulating private companies.

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President Barack Obama argued forcefully Friday for a pending international trade agreement, saying the U.S. must write the rules for global commerce now, while it's in a position of economic strength, or lose out.

"If we don't write the rules for trade around the world, guess what? China will," Obama said, making his case at the Oregon headquarters of the athletic apparel and footwear company Nike. "And they'll write those rules in a way that gives Chinese workers and Chinese businesses the upper hand." - Associated Press

At stake right now is the ability for the U.S. to continue on as the sole global authority over the world's reserve currency and financial system. And for years the West, under the direction of Washington and the Federal Reserve, have controlled monetary policy through a combination of structures such as the petro-dollar, economic sanctions, and military force. And as country after country begins to move away from the dollar and into a financial system governed by a basket of global currencies, nation's such as Iraq and Libya have seen their leaders assassinated, and their people crushed solely because they wanted to create their own hegemonies outside the dollar and U.S. control.

When China established the Asian Infrastructure Investment Bank earlier this year, the writing was on the wall for the dollar and U.S. authority to wane and decline within the global financial system. To date, 57 countries, which include many long time allies to the U.S. such as Britian and France, have signed on with China to become founding members of a bank that not only rivals the International Monetary Fund (IMF), but will soon be introducing its own gold backed trade currency along the new Belt and Road Initiative (Silk Road) that will encompass 65 countries and over 4.4 billion people.

President Obama correctly recognizes the threat that China brings to its hold over the global financial system, but fails in believing the world wants to sign a trade agreement that gives up their sovereignty to multi-national corporations. And as China continues to bring online new and capitalistic infrastructures that promote free trade, bi-lateral trade, and soon, a gold backed form of money, the world is choosing which side it wants to write the new rules, and it is not from the office of the President.

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