Soros: China should lead ?new world order? ~? China should step up to the plate as the leader of a new global economic order, and the US shouldn't fear the establishment of a global currency because it would help the economy, billionaire investor George Soros says. "the way to convince China to lead is to allow it to "own" the reorganization of the global financial system that is underway.Soros said the IMF's Special Drawing Rights -- a kind of currency that IMF member countries can use to transfer money between countries -- could be the backbone of a new global currency..
Soros said that while the US received "great benefits" from having the US dollar as the default global currency, that time is now past because the US "abused" its currency's power to create an imbalanced global trade system
