Since the first week of January 2016, George Soros has been warning of an investment crisis in the global market. He has been creating concern for Bloomberg investors to watch over investing in the global market because of the world most dominant economy China is having a challenge in the market too. That China Yuan is sinking and China is having a challenge in adjusting to the situation. The move by China to try investment and services rather than manufacturing is not working well, and many Chinese traders are pausing on investing with the Asian market trade. Soros related this crisis to have some similarities with the crises that happened in 2008 and affected all the global markets.
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The most area affected by the move by China and he devalued Yuan is Asia. Most Asian countries have lost a lot in the market, and the global equities lost about $2.5 trillion from the market. China trying to lower interest rates according to Soros is not helping the country because more money in the market means there are careless lending and borrowing. These warnings from George Soros are not his first because in 2011 he warned of the Greece and European debt that it would lead to a crisis. Soros never goes wrong when it comes to market decisions, and he possibly saw the situation getting worse and not only has it affected China but the oil market is not doing very well.
George Soros is an independently wealthy Hungarian-born investor, his open-mindedness comes from the fact that he gained his wealth independently from his hedge fund. Soros hedge fund has a net worth of $27.3 billion and according to Forbes magazine he is in the top 25 list of the highest hedge fund earning managers. He also as a liberal thinker practices the values of open society with his open society foundations. Soros open society foundations have even worked for democracy in South Africa. He was against the rule of apartheid policy, and he has also been working with youths in Russia. However Russian government banned the foundation there with a reason that it was propagating soft violence.
However, one can relate the ban from George Soros saying that Russian President was breaking the rules of public democracy with the Ukraine ban. The situation was worsening the state of European Union and could lead to a crisis. His Open Society Foundations, however, have been of great help to those whose rights were violated. He has supported lawyers to help thousands of people who were being unlawfully held. Soros also gives scholarships to students, and he founded Central European University with the purpose of promoting critical thinking. He has been a great influence, especially in the investment world.