Soros Talks China, Dollar, Inflation

Hedge fund guru George Soros says inflation in China is a serious concern, and says the Asian power made a mistake in not letting its currency appreciate in value. Soros also tells Bloomberg that the U.S. dollar has lost its place as the world’s reserve currency, with other currencies like the Euro and even commodities like oil and gold cutting into the greenback’s dominant position.

[youtube=http://www.youtube.com/watch?v=z_ajJmAF2aU]

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