Soros Calls for World Currency and New World Architecture

In a Op-Ed piece published Thursday on project-syndicate.org, globalist financier George Soros calls for a “New World Architecture”
“The dollar no longer enjoys the trust and confidence that it once did… The US ought not to shy away from wider use of IMF Special Drawing Rights. Because SDRs are denominated in several national currencies, no single currency would enjoy an unfair advantage.” Soros said
“Reorganizing the world order will need to extend beyond the financial system and involve the United Nations, especially membership of the Security Council. That process needs to be initiated by the US, but China and other developing countries ought to participate as equals…The system cannot survive in its present form, and the US has more to lose by not being in the forefront of reforming it.”
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World s Currency Setup Fraught With Danger says Soros

Billionaire investor and philanthropist George Soros said on Thursday that the world's current "currency arrangements" are fraught with danger and that the world needs global regulation.

Eugene Hoshiko / AP

Soros, who runs hedge fund firm Soros Fund Management and has made his reputation with bold currency bets, said the U.S. dollar ought to be falling in value against the Chinese currency to allow the United States to contain its current account deficit.

However, Soros said because the renminbi is tied to the greenback, the Chinese currency is constantly undervalued leaving the dollar to sink against the world's other major currencies.
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Soros to invest $1bn in green technology

By Justin Baer in New York

Published: October 11 2009 12:27 | Last updated: October 11 2009 21:49

George Soros, the billionaire investor, philanthropist and political activist, has now trained his eye on a challenge that will draw on his expertise in all three arenas.

Mr Soros announced on Saturday plans to invest as much as $1bn in clean-energy technologies while forming a new climate-policy arm to combat global warming.
”Global warming is a political problem,” he said during a speech in Copenhagen. “The science is clear, what is less clear is whether world leaders will demonstrate the political will necessary to solve the problem. ”
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