America Approaches Rapid Decline Phase

European nations sign up for the Asian Infrastructure Investment Bank: Germany, France, Italy to join Chinese-led Asian bank

Australia decided it wants to sign on to the AIIB after all:
"Colossal Defeat" For Obama As Australia Joins China's Regional Bank

Actually, it is a win for Obama because he does not want an American dominated world. His goal was to end American dominance and usher in a multi-lateral world. He is succeeding. If he's able to solidify the decline, natural forces may take over. The Chinese alternative to the World Bank, the AIIB, will allow the U.S. Congress to defund the World Bank entirely. For every multilateral institution China sets up, the U.S. will be able to abandon the original and abdicate its position of global leadership to focus on national concerns, which remains a popular position among the public. Isolationism isn't dead, it's just sleeping.

Here's a look at all the replacement institutions being built by China:

A recognition of the decline probably won't begin until after the U.S. dollar peaks.