The U.S. could be poised for a third world war with China and one key to avoiding it could be found in currency accommodation, George Soros said in a recent speech to the Bretton Woods Committee in Washington D.C.
Addressing an issue closely watched by certain hedge fund insiders, Soros bench-marked the declining U.S. role in the world, the rise of China's currency as competitive to the U.S. dollar and the potential inclusion of the renminbi (RMB) in the International Monetary Fund’s Special Drawing Rights (SDR) currency basket, a topic ValueWalk has been following.
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