Economics tides are changing. The world is feeling financial waves that many describe as similar to past, destructive events. No other voice but George Soros leads the conviction that world economies are in peril. A voice many would be wise to heed. The imminent threat suggests an international collapse to world markets.
The reliance of world markets with each other will be the key factor to “it all” falling apart.
Soros, the billionaire investor sees current economic conditions on http://www.investopedia.com/university/greatest/georgesoros.asp resembling signs of financial turbulence as once seen in 2008. Those seen in the American system. The financial mogul blames China’s rapidly declining trade as a lead factor to today’s expected catastrophe.
But is this simply doomsday prophecies designed to compel widespread interest?
That potential is unlikely coming from the mouth of George. George Soros’ been known to take actions in the political and financial world with gusto. Those actions, in these latter years, could be categorized under the umbrella of philanthropy.
Though professed as birthing the down times to come, the Chinese economy boasted of expansion and fast modernization only months ago. Expansion that led this Asian power to an economic platform rating it as second worldwide. Today, that same rapidity and prosperity has come to a near halt.
A sudden shock stops the flow of cash.
Not much can be done, so it seems.
This translates to a country without the ingenuity necessary to reignite economic growth. And such is the tale that Soros tells.
But there are other factors at play.
Europe remains in stalemate as it deals with a prior debt crisis. More time is needed to manage its circumstance. Soros also saw that crisis. The same prophetic voice warned of an inevitable unveiling that would expose Europe’s true financial condition.
George Soros holds a reputation for accurate forecasts in stocks and in defining economic conditions. His net worth of over $35 billion is proof of these convictions and the weight they should hold by world markets. This story comes as the industrial investor spoke to his recent public audience in Sri Lanka’s capitol city, Colombo.
The ex-hedge fund manager was a WWII survivor on http://www.forbes.com/profile/george-soros/ who escaped Hungry during a brutal Nazi occupation. The lad was at the tender age of 13. He fled to Europe where he found refuge in London. There he began to take lowly work in the train yards. He eventually became a restaurant server before joining the London School of Economics.
Here George Soros earned his degree in finance and later started managing a fund of his own. It eventually made him riches beyond men’s wildest dreams. He became a force to be reckoned with. That is the same force and prowess he is now.
And today, George Soros has a searing message scarring hearts in the investing industry.
The world markets are positioned to collapse without defense. China’s inability to spur new growth will put a strain on the entire international market.
And now, we can only wait to see what will come of this one investor’s word.