{"id":8350,"date":"2015-05-22T05:41:27","date_gmt":"2015-05-22T10:41:27","guid":{"rendered":"http:\/\/olduvai.ca\/?p=8350"},"modified":"2015-05-22T05:41:27","modified_gmt":"2015-05-22T10:41:27","slug":"george-soros-warns-no-exaggeration-that-china-us-on-threshold-of-world-war-3","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=8350","title":{"rendered":"George Soros Warns “No Exaggeration” That China-US On “Threshold Of World War 3”"},"content":{"rendered":"

George Soros Warns “No Exaggeration” That China-US On “Threshold Of World War 3”<\/a><\/h3>\n

While admitting that reaching agreement between the two countries will be difficult to achieve, George Soros –speaking at The World Bank’s Bretton Woods conference this week<\/a><\/em>\u00a0– warned that\u00a0unless the U.S. makes ‘major concessions’ and allows China’s currency to join the IMF’s basket of currencies, “there is a real danger China will align itself with Russia politically and militarily, and then the threat of world war becomes real.”<\/em><\/strong><\/p>\n

Much in global geopolitics depends on the health and trajectory of the Chinese economy,<\/strong>\u00a0was the undertone of George Soros’ comments as he spoke this week,\u00a0but as MarketWatch reports,<\/a><\/p>\n

\n
Billionaire investor\u00a0George Soros said flatly that he\u2019s concerned about the possibility of another world war.<\/strong><\/div>\n

…<\/p>\n

If China\u2019s efforts to transition to a domestic-demand led economy from an export engine falter,there is a \u201clikelihood\u201d that China\u2019s rulers would foster an external conflict to keep the country together and hold on to power.<\/strong><\/p>\n

…<\/p>\n

To avoid this scenario, Soros called on the U.S. to make a \u201cmajor concession\u201d and allow China\u2019s currency to join the International Monetary Fund\u2019s basket of currencies.<\/strong>\u00a0This would make the yuan a potential rival to the dollar as a global reserve currency.<\/p>\n

In return, China would have to make similar major concessions to reform its economy, such as accepting the rule of law, Soros said.<\/p>\n

Allowing China\u2019s yuan to be a market currency would create \u201ca binding connection\u201d between the two systems.<\/p>\n

An agreement along these lines will be difficult to achieve, Soros said, but the alternative is so unpleasant.<\/p>\n

\u201cWithout it, there is a real danger that China will align itself with Russia politically and militarily, and then the threat of third world war becomes real, so it is worth trying.\u201d<\/strong><\/p><\/blockquote>\n

And while on the topic, Soros also spoke recently,\u00a0as ValueWalk notes,<\/a>\u00a0on\u00a0the situation in Europe…<\/strong><\/p>\n

 <\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

George Soros Warns “No Exaggeration” That China-US On “Threshold Of World War 3” While admitting that reaching agreement between the two countries will be difficult to achieve, George Soros –speaking at The World Bank’s Bretton Woods conference this week\u00a0– warned that\u00a0unless the U.S. makes ‘major concessions’ and allows China’s currency to join the IMF’s basket […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[936,130,951,1098,418,434,679,834,862,891,1823,3985],"class_list":["post-8350","post","type-post","status-publish","format-standard","hentry","category-geopolitics","tag-bretton-woods","tag-china","tag-currency","tag-currency-wars","tag-imf","tag-international-monetary-fund","tag-reserve-currency","tag-us","tag-war","tag-world-war","tag-world-war-3","tag-world-war-iii"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8350"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8350\/revisions"}],"predecessor-version":[{"id":8351,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8350\/revisions\/8351"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}