If you don’t know who George Soros is, he is one of the richest men in the world, racking up his staggering net worth of just over twenty seven billion dollars on http://www.nytimes.com/topic/person/george-soros through wise investments and his hedge fund firm. His hedge fund firm grew at a solid twenty percent throughout the majority of his career, and his solid understanding of the economy has made him a truly wealthy man. However, the bulk of George Soros’ success has really come from analyzing the current economies and monetary systems in the World, and using that developed skill to make a lot of money. He made a cool billion dollars by predicting that the United Kingdom was going to have no choice other than to devalue their pound. This prediction and decision is important when it comes to talking to George Soros, because he not only predicted that the UK was going to have to devalue the pound, but he put a huge amount of money on the line to back that prediction.
George Soros came out before the 2008 economic disaster that has caused so many problems in the United States, as well as other areas of the World. At the current moment on https://www.facebook.com/breakingpolitical/posts/1562000144097945, China is facing major problems economically, as they are struggling to figure out a way to expand and is seeking out a growth model that will rectify their situation, but things are not looking good for them. They are devaluing their currency, which is directly going to affect the economies of countries all over the World. China exports massive amounts of products to the entire Western World and the fact that a huge amount of countries do business with China, coupled with their devaluation of currency and economic growth problems, there very well may be catastrophic events in the future.
George Soros has stated that after analyzing the current situation in China and the rest of the World that it is very reminiscent of what took place in 2008. Because of this, he asserts that it really does appear to be a crisis and has warned investors to really think hard about any type of investments that they may make during this time. Soros also warned in 2011 that there was a bigger threat of crisis than in 2008, which was rooted in Europe, but things did not end up being as bad as they could have been. In essence, there was a greater problem in 2008, but a major crisis ended up being for the most part avoided, but that does not take away from the fact that George Soros was right about the potential of a disaster. The current situation in China is absolutely troublesome, and without approaching it the right way, there is no question that we could end up ultimately experiencing a disaster as big, or potentially bigger than in 2008. When it comes to accurate predictions, Soros has been on point, so it may be a great idea to keep an open ear out to what he has to say.
For a long time, the European Union has been the cream of the world trade and regional unity. The Euro, the currency of the European Union, has been stronger than most of the currencies of the first world countries for quite some time now. But soon this might not be the case anymore. The European Union is caught up with numerous crisis at the moment that is threatening its unity and the strength if the Euro. The major problem that the union is facing is the Ukrainian crisis, where Russia is attacking the country. The existence of this crisis means that the European Union has lost control of its member states. This crisis threatens to divide the union into two factions. One faction supporting Ukraine and the other supporting Russia. There is also the current economic crisis that is affecting the world.
The current economic crisis is caused by China’s change in its economic growth model. China’ s currently relies on the manufacturing and production industries for it’s economic growth. The country is attempting to move on to a new model that relies on the services and consumption industries. This change has a very bad effect on the global markets as it has lead to instability of Chinese equities. Europe, which is badly affected by other crisis, will not be stable enough to go through the crisis if it does not act fast to resolve its internal crisis according to George Soros. He advises that the European Union works on the internal issues affecting it like the Ukrainian crisis, the Syrian crisis, the Greece debt problem and the British referendum if it wants to survive the crisis. Read his profile at Forbes.
George Soros is a very successful investor, entrepreneur, business person and philanthropist who is worth over $27 billion. This is the worth he has been able to acquire from his business enterprise, Soros Fund Management, one of the best hedge fund firms in the world. George Soros was born in Hungary, but later moved to the United Kingdom and later settled in the United States. He is one of the most prolific investors who has made billions of dollars through his investments. He is also a philanthropist who is concerned with promoting a democratic world. He founded the Open Society Foundation, an organization that supports democratic movements all over the world.
George Soros is also an economic analyst and a critic of poor economic policies.
George Soros says on Bloomberg that from his long-term experience in the business field, he can confuse that the current economic crisis and the 2008 crisis are similar. There is an increase in rates of interest in developing countries, and there are instabilities in the global stock markets. He asks investors to invest with extreme caution during this period of crisis.