George Soros Warns “No Exaggeration” That China-US On “Threshold Of World War 3”!

• George Soros Warns “No Exaggeration” That China-US On “Threshold Of World War 3”!
  by Tyler Durden, http://www.zerohedge.com  
  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 – warned that unless 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.”
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  Much in global geopolitics depends on the health and trajectory of the Chinese economy, was the undertone of George Soros’ comments as he spoke this week, but as MarketWatch reports,  
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  Billionaire investor George Soros said flatly that he’s concerned about the possibility of another world war.
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  If China’s efforts to transition to a domestic-demand led economy from an export engine falter, there is a “likelihood” that China’s rulers would foster an external conflict to keep the country together and hold on to power.
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  To avoid this scenario, Soros called on the U.S. to make a “major concession” and allow China’s currency to join the International Monetary Fund’s basket of currencies. This would make the yuan a potential rival to the dollar as a global reserve currency.
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  In return, China would have to make similar major concessions to reform its economy, such as accepting the rule of law, Soros said.
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  Allowing China’s yuan to be a market currency would create “a binding connection” between the two systems. An agreement along these lines will be difficult to achieve, Soros said, but the alternative is so unpleasant.
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  “Without 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.”
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