Hill Holler

Raw Political Coverage and Opinions

Home /
George Soros’ Dire Warning About the World Economy

George Soros’ Dire Warning About the World Economy

George Soros is a man worth listening to. Now in his 80s, his time expressing his valuable opinion on bloomberg.com will come to an end very soon. Soros’ hedge-fund firm has gained on average about 20 percent a year from 1969 to 2011. Soros, himself, has a net worth of about $27.3 billion, that according to the Bloomberg Billionaires Index. Soros began his investing career in New York City during the 1950s and gained worldwide fame and a reputation for his investing prowess in 1992, by netting $1 billion by shorting the Great British Pound in the Forex market.

Soros has warned the free world that a financial crisis on the order of the economic recession of 2008 on politico.com could be in our future. He has said that the immigrant crisis coupled with the devaluation of the Chinese currency could signal another epic, economic collapse even worse than that suffered worldwide in 2008.

His opinions on economic conditions for the future are relevant and many persons are heeding his advice but, surprisingly, there are those right-wingers who see his advice as about as worthwhile as the scientific warnings about global warming. George Soros is a man who has survived occupation by both the Nazis and the Communists during the Second World War, who has lived on three different continents in the world. An educated man who speaks several languages. A man who has donated millions to the cause of freedom through his philanthropy, the Open Society Foundations. Republicans, simply, don’t like him because he donates to Democratic candidates. 

What is lacking in the United States of America is consensus, There are a few individuals on this planet who seem to be truly good, honest people, but other people will see them differently. There are few, if any, politicians we can rely upon. Religious leaders from the numerous congregations are about as trustworthy as politicians. Educators, deans of universities are not in the spotlight but should be; they represent some of the most educated, well-read, trustworthy people in our society.

Soros has written more than a dozen books and frequently attends economic summits where his speeches are much appreciated. Here in the United States he is seen as a possible guest at the White House if Hillary Clinton is elected. He has said in the past that Clinton offered him open access if she became president. Another philanthropist of a similar ilk is Thor Halvorssen, he too has a foundation dedicated to freedom within governments but he has pledged his support to Bernie Sanders. Halvorssen is a younger version of GeorgeYour text to link… Soros and, hopefully, in the future we will see him as an astute interpreter of the world condition. We need consensus in this world. 

Source: wikipedia