George Soros Predicts a Financial Crisis

George Soros was born in Hungary. He, however, flee from the nation and decided to settle in Britain. He went to school there for several years, and after graduating from the company, he managed to settle in the United States. In the new country on, he has managed to accumulate a lot of wealth over years, and he is currently one of the richest people in the world. He is a hedge fund manager who commands a lot of respect from different people in the world, and he has also managed to start several companies and foundations.

One of the organizations under his name is known as Open Society, started after George Soros accumulated a lot of money. The organization helps many people all over the world. During the apartheid in South Africa, the organization helped young African students acquire education, and it also helped other people in Africa get justice by offering free attorney services.

Due to his wealth and expertise in the finance department, George Soros always has a say in important issues whenever they happen. He is always warning people on whenever a problem is about to happen, and people who listen to him find themselves lucky and away from problems. The Hungarian investor is also famed for his political involvement in the United States of America. He gives a lot of money to support different candidates who he believes have the best interests of the country.

In the year 2007, the billionaire warned investors from the industrialized nations to be cautious because a crisis was going to happen. True to his words, the financial crisis took place on, and many people from different places in the world were affected. It took a lot of time for the countries to recover from the crisis, especially for the countries that were still developing.

It seems that investors have something to worry about in the year 2016. According to the Hungarian billionaire George Soros, another financial crisis might be happening very soon, and investors must be cautious in all their activities so that they do not get big losses like what happened in the year 2008.

The cause of the financial crisis, this time, is believed to be China, according to George Soros. China has been in the having financial issues for several months now, and it has done all it can to get a positive interest rate. All its efforts have not given any results, and the currency continues to lose value in the international markets. If nothing is done to control this, investors will be getting problems.

The financial climate at the moment resembles that of 2008 because these problems can easily be transferred to the rest of the world. Although China says that the billionaire is exaggerating things, it is important for investors to watch out. 

Read more: George Soros Predicts a Financial Crisis

Leave a Reply