China should step up to the plate as the leader of a new global economic order, and the US shouldn't fear the establishment of a global currency because it would help the economy, billionaire investor George Soros says.
In a recent interview with the Financial Times, Soros said that China hasn't been pulling its weight in reorganizing the global economy after last year's economic collapse, and the way to convince China to lead is to allow it to "own" the reorganization of the global financial system that is underway.
"You really need to bring China into the creation of a new world order, a financial world order," Soros told FT. "They are kind of reluctant members of the IMF. They play along, but they don’t make much of a contribution because it’s not their institution. ... They have to own it the same way as, let’s say, the United States owns the Washington consensus, the current order, and I think this would be a more stable one where you would have co-ordinated policies. I think the makings of it are already there because the G20, in agreeing to peer reviews, effectively is moving in that direction."
Peer reviews are a mechanism by which members of the G20 club of economic powers can review other members' economic performance and warn those members of dangers to their economies.
Soros also advocated for the creation of at least a limited global currency, which he says would help reduce the imbalances in the global economic structure and would actually benefit the United States, whose dollar currently acts as a de facto global currency.
http://www.youtube.com/watch?v=TOjckJWqb0A
Read more, source:
http://rawstory.com/2009/2009/10/soros-china-world-order/
Read Also:
John Pomfret, “China’s leader blames U.S. for bilateral tensions, rejects call to adjust currency”
Commentary on the above:
What this hebrewmongol hate-hellenist George Soros didn’t calculate is that maybe he and his friends can “kill” the dollar for the sake of the Global Currency of the New World Order, ….BUT…. CHINA through the supreme Hyperlodge HONG is planning in the final phases of World War III of the Chinese “Armageddon” to KILL-EXTERMINATE-ANIHILATE Everybody, AND George Soros AND his buddies in financial crimes Mongols-Hebrews-Saxons by claiming strict criteria of racial purity of the Yellow Race (China+Korea) and NO-FURTHER-INTERMARRIAGE and CO-EXISTING with the bastard white-yellow products of the White Race Ancient and Historic Genocides, into the NEW CHINESE WORLD ORDER, STATUS-QUO (namely: of total Global Chinese Dragonian Hegemony) and because besides other reasons, diachronically the Chinese were essentially considered Enemies the white-yellow Mongolian intermarriage Hordes that sometimes attacked and against them (because of schizoid-racial anthropological Doberman Syndrome, read studies of French Anthropologists 1920) and that was also the reason for the construction of the Great Sinic Wall (of the Lunar Dragonian Sin-Sina-Zion-China) in order to protect the Choosen Childs -Genetics product- of the Lunar Elohim Sin, and to push towards the West the hebrew-mongolian and turanian-mongolian Genociders Hordes for additional corruption and destruction of the White Pelasgian and Black Sirian Races, from the already back in ancient years corrupted from Hebrew-mongolian Hordes former powerful Pelasgian Empires of Babylon, Assyria, Egypt, Metropolitan Hellas.
Saturday, March 20, 2010
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