Comments from George Soros saying China and the US could be on the threshold of a war!

Soros was speaking on Tuesday at a Bretton Woods conference at the World Bank

  • He called on the U.S. to make the "major concession" & allow China's currency to join the International Monetary Fund's basket of currencies
  • This would make the yuan a rival to the dollar as a global reserve currency
  • In return, China would also have to make concessions to reform its economy

OK, so far so good. He went on:

  • Said it was not an exaggeration to say the world could be on the threshold of a third world war, especially if China's economy falters
  • Said if China is unsuccessful at making the transition from an export-led economy to domestic-demand-led growth, the ruling party might resort to external conflict to keep the country together and stay in power

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