The Global Market Might Face Another Financial Crisis
George Soros is a billionaire who was born in Hungary. He studied in the London when he had migrated in to. After completing his education, he decided to move to America, and this is where he worked hard to start his own company. George Soros started by being employed in some big companies in the country before he managed to start his own companies.
George Soros is the founder of one of the biggest companies in the United States today. The company is known a Soros Foundation on Politico, and he has invested in several other companies. Due to the success of the company, George Soros emerged to become one of the most influential and wealthiest people in the United States. He has earned a special and independent place in the society, and he has taken the decision to speak for the people who cannot do it in the American society and also in the world.
George Soros is an advocate of an open society, and due to this, he has started an organization to implement his objectives. The organization is known as Open Society, and it has spread like wildfire since it was started several years ago. The society helps many people across the world, especially individual who are weak and need support. The organization has helped students in South Africa to acquire education when the black people were being discriminated in the country during the apartheid.
Over the years, George Soros has acquired a lot of knowledge and expertise in the finance and political matters of most nations and his opinions not taken lightly. He was the person who predicted the financial crisis that occurred in 2008, leaving many investors in trouble. He also talked about the collapse of the European Union on marketwatch.com, and several months later, the migration crisis started affected in.
Recently, George Soros told the press that the global markets in the world are facing a serious crisis, and the investors must be very careful in order to avoid getting serious losses. George Soros said this during an economic forum that was held in Sri Lanka.
In the economic forum, George noted that china, one of the developing economies was in the process of creating a new model of currency, and in the process, there was currency devaluation which was bringing problems to the rest of the nations in the world. Getting a positive interest rate in the developing world is not a walk in the park. He also added the current economic climate in the country is similar to the one that occurred in 2008.
When the year was starting, the international currency, commodity markets and stock were under attacks, and the yuan also proved to be sinking bringing more trouble in the world economy.