U.S. Losing Philippine Allegiance To China?

Nov 09, 2014 10:35 PM EST

(Photo : REUTERS/LARRY DOWNING) U.S. President Barack Obama walks out to speak to military troops at the Fort Bonifacio Gymnasium in Manila, April 29, 2014. Obama said a new military pact signed with the Philippines on Monday granting a larger presence for U.S. forces would bolster the Southeast Asian country's maritime security, but was not aimed at countering China's growing military might.

Reports have surfaced that the United States might be losing the allegiance of ts longtime ally, the Philippines, to China as it has already signed up for the Asian Infrastructure Investment Bank (AIIB) last October 24 in a move that was dubbed as an unexpected development.

The head of the Philippine LaRouche Society, Antonio "Butch" Valdes, warned the citizens of the Philippines about the ploy of the U.S. He pressed that the country was being set up for destruction and that the war of the U.S. against China has something to do with the financial system of the West.

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Philippine media have also reported accusations against China, pressing that it would like to take over the country.

For these reasons, the move of the Philippines has come as a surprise as the U.S. President Barack Obama has pressed other nations to boycott the China-led AIIB. Obama also asked Aquino to reject the offer of China in setting aside territorial issues in order for them to have a joint development.

The AIIB, whose goal is to counter the refusal of the World Bank and the International Monetary Fund (IMF) in lending money to countries for long-term basic infrastructure, has 21 founding members. The group will be lending money to the other members without any strictness or conditions.

Political figures in the Philippines have noted that Obama is already losing control of the archipelage and predicted that Aquino will also be pulled down once Obama loses in the 2016 Presidential elections. They pointed out the progress of other Asian nations that are collaborating with China.

On October 29, former Philippine President Fidel Ramos gave a speech in Manila which touched on this issue. He urged the Philippines to restore its close relations with China because their economy will continue to collapse if the government will not do so.

Ramos also emphasized the importance of stability in the region, saying businesses will not be able to operate and help "produce wealth" without it.

TagsUS-Philippiness, us china, Philippines-China relations, AIIB, Barack Obama, Benigno Aquino, Noynoy Aquino