The Great Flight from the Dollar Continues: Australia and Denmark Join Chinese Created AIIB

By John Galt
March 29, 2015 20:45 ET

As the world turns, these are the days of our Federal Reserve’s lives….

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Unfortunately for Janet Yellen, the shareholders of the Federal Reserve, and the Caddyshack in Chief the world is rapidly preparing for the ultimate collapse of our fiat funny money as we go deeper into debt and threaten those nations that do not support it with our robotic weapons and CIA covert overthrow squad. Today two more nations officially and quietly said screw you guys, we’re going elsewhere because they are tired of being forced to deal with the only game in town, the insolvent insanity known as the United States as Australia and Japan officially announced they are looking forward to joining the newly created Chinese Asian Infrastructure Investment Bank (AIIB) much to the displeasure of the Obama administration. From Xinhua today:

China welcomes Denmark, Australia to AIIB

BEIJING, March 29 (Xinhua) — China’s Ministry of Finance on Sunday welcomed the decisions of Denmark and Australia to apply to join the Asian Infrastructure Investment Bank (AIIB).

Denmark filed its application letter on Saturday, while Australia followed on Sunday, the ministry said in a statement.

Should all existing members approve the applications, Denmark will become a founding member of the AIIB on April 12 and Australia on April 13, according to the statement.

The AIIB, which will support infrastructure projects in Asia, is expected to be established by the end of this year.

The application deadline is March 31 and the founding members will be confirmed on April 15.

Oops. This was not supposed to happen. Everyone was supposed to buy US Treasuries that they could never redeem and shut up and enjoy them under the protection of America’s undermanned and overworked military. Sadly this is just another indication that the day of reckoning is soon upon my fellow Americans who are so clueless as to the future reality television show titled:

“What happened to the money in my bank account?”

Don’t worry. Get a chip and you’ll be made whole. Or into Soylent Green but definitely one of the two.

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