Seeing Economic Troubles On Horizon, George Soros Becomes a Bear

This is not the first time billionaire investor, political activist, and worldwide philanthropist George Soros has profited from his worries over economic doom. He made well over a billion dollars in the 1980s, selling the British currency short. He saw the handwriting on the wall and invested accordingly. Now he is predicting a global recession, based on China’s economic downturn and expansion slowdown.

It has been several years since Soros did any major investing. Now he is guying gold mines and gold itself, the most bearish investment of all. It might be smart to heed his warning. Time will tell, but for now, analysts are sounding the alarm. He has made public comments, which having made their way into the Wall Street trade press, indicating his new stance as an investment bear. His significant sales of long-held equities and turning around and buying gold is quite telling. He is rumored to be worth in the neighborhood of $30 million.

Read more:
A Bearish George Soros Is Trading Again

Here’s How George Soros’s Latest Predictions Have Played Out

It is the fluctuations in China’s market that seems to have Soros for concerned. He has made statements to the effect that he believes their weakened political machinery, coupled with rampant corruption, will soon result in their financial picture being flushed down the toilet. George Soros likens the current situation, which he believes will result in worldwide depression or at least a very bad recession, to that of Europe when Greece defaulted on its loan to the European Union. But that problem only basically affected Europe in the West. The problems in China will certainly deeply disturb all of Asia, and probably also the rest of the world.

Learn more about his profile at forbes.com

George Soros in a smart businessman who was once a very poor immigrant from Hungary, where he was born in the year 1930. He survived the Nazi atrocities in his home country during their occupation in World War II. He escaped to England during the Cold War and later, in the 1950s, graduated from London’s School of Economics. After that he immigrated to the United States and worked hard to build his fortunes from absolutely nothing. He has always held very strong views on social justice and human rights. to this end he founded the Open Society Foundations (OSF) to help spread democracy and pervasive human rights to all countries of the world. Most of this information came from this Wall Street Journal article.

Learn more about George Soros:
http://www.businessinsider.com/george-soros-trading-again-2016-6

http://www.cnbc.com/2016/06/09/cramer-investing-like-george-soros-will-never-make-you-rich.html

Venezuela Food Crisis – A Recipe for Disaster

Citizens of San Felix, Venezuela ransack a food truck that was transporting eggs, some bottles of sauces and flour packages. This incident was caused by the emotional breakdown of this Latin-American country. The question? What does it take to bring a community to this? The Venezuelan food crisis is the result of an economic crisis that is about to become a human crisis. The statistics show this crisis has increased 22% since December of last year.
The statistics from El Venezolano also show that the food crisis is due to the contracting economy. Over the last three years, the economy has receded to the point where there is barely any medical care, citizens have no luxury goods, and basic supplies like personal products, milk and flour are almost impossible to obtain.

More recently, the nation has begun facing an electric emergency. Nicolas Maduro President of Venezuela decree that malls could open more than 4 hours daily, there is no nutritional explanation for the horrible lapse Venezuela is going through and besides that the increase of the child and neonatal mortality and the whole national food chain, almost the 87% of Venezuelan cannot afford everyday food. 9 out of 10 people in Venezuela cannot manage to pay for their basic needs.

The fiscal deficit has reached 80% in regard to gross domestic product, and the external debt has increased four times since Hugo Chavez stopped international sales of petroleum, stopped international investment, nationalized of most of the companies and the leak of national funds when the petroleum prices dramatically increased.

The new policies of the government of Venezuela are not a strategy on the behalf of citizens like David. They are a selfishly involved ideological vision. Instead of changing the view, governments are elected for the people by the people. As a minimum the people should be guaranteed wellbeing and basic necessities.

References:
https://dolartoday.com/el-pueblo-pasando-hambre-venezuela-al-borde-de-la-crisis-humanitaria/
http://www.maduradas.com/en-estado-de-pobreza-9-de-cada-diez-personas-no-pueden-comprar-todos-los-alimentos/
http://www.infobae.com/2016/05/29/1814894-hambre-venezuela-asi-saquearon-un-camion-que-transportaba-alimentos
http://edition.cnn.com/2014/02/20/world/americas/venezuela-qa/