George Soros is a billionaire hedge fund manager that is currently based in the United States of America. He was born in Hungary, but he fled his original country to look for greener pastures. He went for his education in Britain, and after completing, he relocated to the America, and this is where he has earned most of his wealth.
George Soros has become very popular over the years due to the amount of power and knowledge he has. He is an advocate of an open society, and he has even opened a charitable organization to help people. Due to the amount of power and wealth he has, he has managed to become a very influential person in the world. His views on Twitter on economic and political issues are highly respected by everyone in the world.
In 2008, the world experienced a big blow due to a financial crisis on nytimes.com that originated from the developed countries. The effects of the crisis were quite huge, and many countries had a tough time trying to get back their original state. Most of the developing countries have however not been able to recover completely from the crisis.
Since then, most investors have been careful with their investments, because they do not want to get the problems experienced in 2008. Not long ago, the Hungarian investor announced that there will be a financial crisis that resembles the one that took place years ago. This time, the financial crisis will, however, not be originating from the developed western nations. According to George Soros, the crisis is likely to come due to the economic problems experienced by China.
China has not been doing well in the recent times. George Soros says that at the moment, the debts experienced by China resemble that of the US in the year 2008. According to him, this is likely to spur a global recession.
George Soros has warned all investors to be very keen because there are signs of an upcoming crisis. The country has not been getting any positive interests for some time, and according to George Soros, it will be very difficult for the country to move back to its original state because it is still developing. Although the China government is doing all it can to ensure that everything gets back to normal, George still warns people to be extremely careful.
This is not the first time the billionaire is warning investors. Before the financial crisis that happened in 2008, George had warned everyone about it, this time, it will very important for everyone to go for his advice. He also recently warned about the ongoing crisis that is happening in the European Union. The international community will benefit a lot if they take his advice about China positively.