George Soros: China will be the NEW world revered currency

The billionaire financier George Soros says that China's economy will grow faster than people expect and so will its global economic influence.
http://money.cnn.com/2009/06/07/news/...

Soros calls Wall ST Profits gifts from state
http://www.ft.com/cms/s/0/79edee04-c0...


Soros said that there was a flight from currencies across the board, and that this is why the price of commodities, notably gold and oil, were generally rising. He also stated that an orderly decline of the dollar was desirable and that the entire system needed to be reconstituted towards a global currency.

You need a new currency system and actually the Special Drawing Rights do give you the makings of a system and I think its ill-considered on the part of the United States to resist the wider use of Special Drawing Rights, they could be very useful now when you have a global shortfall of demand, you could actually internationally create currency through Special Drawing Rights, said Soros, explaining that this was already in process after the IMF injected an allocation of Special Drawing Rights (SDRs) equivalent to $250 billion into the global economy

Soros said the world would have to go through a painful adjustment following the decline of the dollar and the introduction of a global currency. Reading between the lines, he essentially threatened to kill the dollar completely if the United States did not get on board with the global currency

Soros predicted that China would become the new engine of the global economy, replacing the U.S., and that this would slow economic growth and reduce living standards. Soros characterized the United States as a drag on the global economy because of the declining dollar
George Soros Says China Can Help Replace U.S. Consumer
http://www.newsmax.com/insidecover/so...

George Soros 30 October 2009
http://www.ft.com/indepth/soros-lectures

George Soros: China is recovering fast from crisis
http://www.chinadaily.com.cn/china/20...
George Soros Says He Feels No Remorse For Collaborating With Nazis During WWII to Send His Fellow Jews to the Death Camps, Steal Their Property
http://beforeitsnews.com/story/173/07...
GEORGE SOROS: That New Whirled Order 'Spooky Dude'
http://www.youtube.com/watch?v=6e7LGI...

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