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George Soros Warns China Of Global 'currency War'

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http://www.telegraph.co.uk/finance/currency/8052729/George-Soros-warns-China-of-global-currency-war.html

Mr Soros, the hedge fund manager best known as the man who broke the Bank of England” after he made a billion betting against the value of Sterling on Black Wednesday in 1992, said the China had created a “lopsided currency” system.

He criticised China for deliberately keeping the yuan - its currency - low in order to keep exports cheap, which is hurting US competitors.

Mr Soros told BBC Radio 4’s Today programme that China had a “huge advantage” over international competitors because it can control the value of its currency.

He said China could also influence the value of other world currencies because they have a “chronic trade surplus”, which means the Chinese have a lot of foreign currencies. “They control not only their own currency but actually the entire global currency system,” he said.

Writing in the Financial Times, Mr Soros added: “Whether it realizes it or not, China has emerged as a leader of the world. If it fails to live up to the responsibilities of leadership, the global currency system is liable to break down and take the global economy with it.”

I'm sure it will all end well....

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He doesnt care whether currencies are strong or weak.

This article could be written that he warns USA of a currency war it makes no odds.

As long as he is on the right side of the currency trade (making money) he is happy.

I'm not so sure it will all end well.

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But it is contained isn't it?

公平它的没有…我们对一个便宜的地方,然后所有我们的生产是在便宜的地方的它不公平出口所有我们的生产。

它不公平。

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公平它的没有…我们对一个便宜的地方,然后所有我们的生产是在便宜的地方的它不公平出口所有我们的生产。

它不公平。

interesting point but fundamentally Wong im afraid

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Of course it's contained, the structural crisis affecting the global economy is unlikely to impact any where else in the galactic empire.

I see what you did there. :lol:

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公平它的没有…我们对一个便宜的地方,然后所有我们的生产是在便宜的地方的它不公平出口所有我们的生产。

它不公平。

Yes, this may be true, but your grammar is appalling...

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Actually, Soro's writings (and leanings) are just a little bit too cold and amoral for my taste.

But that's probably why he's such a successful trader.

Let's hope that he never has any political successes.

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公平它的没有…我们对一个便宜的地方,然后所有我们的生产是在便宜的地方的它不公平出口所有我们的生产。

它不公平。

House Plice Clash?

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Actually, Soro's writings (and leanings) are just a little bit too cold and amoral for my taste.

But that's probably why he's such a successful trader.

Let's hope that he never has any political successes.

Barack Obama in the White House is his biggest political success so far.

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公平它的没有…我们对一个便宜的地方,然后所有我们的生产是在便宜的地方的它不公平出口所有我们的生产。

它不公平。

Did you use Google translate to write that? Hard to understand what you are saying - it is severely mangled. Something about injustice, inexpensive manufacturing and exports.

House Plice Clash?

<pedant>

The r and l confusion is a Korean and Japanese problem mainly, though I believe there can be a problem with Southern Chinese dialects. Standard Mandarin distinguishes between the r and l sound.

</pedant>

:P

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Did you use Google translate to write that? Hard to understand what you are saying - it is severely mangled. Something about injustice, inexpensive manufacturing and exports.

<pedant>

The r and l confusion is a Korean and Japanese problem mainly, though I believe there can be a problem with Southern Chinese dialects. Standard Mandarin distinguishes between the r and l sound.

</pedant>

:P

So I was correct about the grammer? Lucky guess! B)

Actually, from my physics studies days, I remember our Chinese physics instructors having the greatest trouble with their v's. phonetically:

v = we

This played havoc when he taught the math behind velocity, 'we' this and 'we' that. Thankfully the equations were on the chalkboard.

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Did you use Google translate to write that? Hard to understand what you are saying - it is severely mangled. Something about injustice, inexpensive manufacturing and exports.

<pedant>

The r and l confusion is a Korean and Japanese problem mainly, though I believe there can be a problem with Southern Chinese dialects. Standard Mandarin distinguishes between the r and l sound.

</pedant>

:P

bablefish.

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公平它的没有…我们对一个便宜的地方,然后所有我们的生产是在便宜的地方的它不公平出口所有我们的生产。

它不公平。

對不起,我不跟你阿格雷斯

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對不起,我不跟你阿格雷斯

阿格雷斯 ?

You mean this company?

http://www.auglos.com/

Your reply means "Sorry I don't Auglos with you", or it appears to be the name of a Japanese computer games translated into Chinese :blink:

http://www.gamespot.com.cn/news/2010/0428/131705.shtml

http://en.wikipedia.org/wiki/Record_of_Agarest_War

Confused.....

Edited by FaFa!

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阿格雷斯 ?

You mean this company?

http://www.auglos.com/

Your reply means "Sorry I don't Auglos with you", or it appears to be the name of a Japanese computer games translated into Chinese :blink:

http://www.gamespot....28/131705.shtml

http://en.wikipedia...._of_Agarest_War

Confused.....

bablefish translated that as:

Sorry, I do not argue the race with you.

Lets hope our politicians use better translators.

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
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      • Even
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      • up 5%



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