World Bank rival launched in Beijing (Video)

 Rand Paul is correct when he says our debt is the biggest threat to our national security. I wish he would mention the Chinese and the new banking system they are building. With an explanation on how it will crush our economy once it gets a major foothold.

"The Chinese President Xi Jinping launched a new international development bank on Saturday in Beijing that is being seen as a rival to the US-led World Bank.

US opposition has failed to deter its allies from signing up to the Asian Infrastructure Investment Bank, including Australia, Britain, Germany and South Korea.

The AIIB is expected to lend between 10 and 15 billion dollars annually for the first few years and will concentrate on infrastructure projects.

“It is critical to address this need because good infrastructure is a foundation for robust economic growth and expands economic opportunities and improves the quality of life for everyone,” said Jin Liqun, President of AIIB."

More with video on link: http://www.euronews.com/2016/01/17/world-bank-rival-launched-in-beijing/