Jan 16, 2011
George Soros in his own words about the "Orderly Decline Of The Dollar" and "Bringing China into the New World Order".
He also mentions "A new currency system" and "how you could Internationally create a currency through Special Drawing Rights" of the IMF.
Mr Soros, arguably the most famous hedge fund manager in history, warned that with interest rates low around the world, policymakers were risking generating new bubbles which could cause crashes in the future. In comments delivered on the fringe of the World Economic Forum, Mr Soros said: "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold."
He also mentions "A new currency system" and "how you could Internationally create a currency through Special Drawing Rights" of the IMF.
Mr Soros, arguably the most famous hedge fund manager in history, warned that with interest rates low around the world, policymakers were risking generating new bubbles which could cause crashes in the future. In comments delivered on the fringe of the World Economic Forum, Mr Soros said: "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold."
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