George Soros and the Lookout for a Crisis

If there is one thing that some people learned from the crisis of 2008, it is to look for signs of another crisis and to prepare for the coming crisis. This is what George Soros has done. He has found plenty of signs of an upcoming crisis that can be as bad as the crisis of 2008 if not worse. All of the world markets are in a downfall which can result in another financial downturn that could be worse than the one that the world was devastated by in 2008. George Soros is doing the best he can to provide influence to the ones that are the most able to handle the crisis and keep it from reaching catastrophic levels.

During the first week of the year, the markets of currency on, commodity and stocks have already seen a lot of trouble. China’s economy has also shown signs of crumbling and falling with the yuan currency sinking. As a matter of fact, there were times when the trades in china had to be halted due to plunges in Chinese equity. George Soros has taken note of the problem that China has with adjusting. George Soros has then proceeded to compare the emerging challenges to the challenges of 2008.

George Soros has been giving out warnings of another major catastrophe on coming to the world since 2011. He sees a problem that has started in Greece. The crisis has been mishandled in a way that has resulted in the overall problem getting worse instead of getting better. There is also the problem with the EU and the attacks on the Ukraine from Russia. The global economies are faced with something very tough to navigate. This is one crisis that could grow into something major if proper action is not taken to prevent this from turning out like that.