Currency wrecker, convicted felon and ‘philanthropist’ George Soros would know because he’s in that network circle.
Much depends on Chinese economy
WASHINGTON (MarketWatch) — Billionaire investor George Soros said flatly that he’s concerned about the possibility of another world war
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.
“If there is conflict between China and a military ally of the United States, like Japan, then it is not an exaggeration to say that we are on the threshold of a third world war,” Soros said.
Military spending is on the rise in Russia and China, he said.
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.
Full article: Soros sees risk of another world war (MarketWatch)