Soros Predicted World War III

• 05.22.2015, 16:30
•  America,  Asia,  World

During World Bank conference George Soros, a billionaire investor, stated that the analysis of the data on the Chinese economy causes concerns on the possibility of World War III, Sputnik News reports.

The prediction of the billionaire is based on fact that China is rising its spending on military. There is shift of the economy from export strategy to domestics-demand-led type. He also noted that there is a conflict between China and a military ally of the U.S., so according to him it is not an exaggeration to say that the likelihood of war is very high.

Soros proposed U.S. to go for compromises with China allowing Yuan to join the IMF’s basket of currencies. Although the Chinese Yuan be rival to the dollar, China would have to go to compromises to reform its economy tus accepting the rule of law.