Soros: China Will Lead New World Order

Billionaire globalist warns Americans against resisting new global financial system

Paul Joseph Watson
Prison Planet.com
Wednesday, October 28, 2009

Billionaire globalist George Soros told the Financial Times during an interview that China will supplant the United States as the leader of the new world order and that America should not resist
the country’s decline as the dollar weakens, living standards drop, and
a new global currency is introduced.

Asked what Obama should discuss when he visits China next month, Soros stated, “This would be the time because I think you really need to bring China into the creation of a new world order,
financial world order,” adding that China was a reluctant member of the
IMF who didn’t make enough of a contribution.

“I think you need a new world order that China has to be part of the process of creating it and they have to buy in, they have to own it in the same way as the United States owns…the current
order,” said Soros, adding that the G20 was a move in this direction.

Soros said that there was a flight from currencies across the board, and that this is why the price of commodities, notably gold and oil, were generally rising. He also stated that an orderly
decline of the dollar was “desirable” and that the entire system needed
to be reconstituted towards a global currency.

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“You need a new currency system and actually the Special Drawing Rights do give you the makings of a system and I think it’s ill-considered on the part of the United States to resist the
wider use of Special Drawing Rights, they could be very useful now when
you have a global shortfall of demand, you could actually
internationally create currency through Special Drawing Rights,” said
Soros, explaining that this was already in process after the
IMF injected an allocation of Special Drawing Rights (SDRs) equiva... into the global economy.

Soros also stated that richer countries were already transferring wealth to poorer countries via SDR’s, with the IMF paying for the half per cent transaction cost.

Soros said the world would have to go through a “painful adjustment” following the decline of the dollar and the introduction of a global currency. Reading between the lines, he
essentially threatened to kill the dollar completely if the United
States did not get on board with the global currency.

Soros predicted that China would become the new engine of the global economy, replacing the U.S., and that this would slow economic growth and reduce living standards. Soros characterized the
United States as a drag on the global economy because of the declining
dollar.

Watch the video interview below..