Archive for January 26th, 2016

The Doomsday Prediction of George Soros: Collapse of the European Union01.26.16

In 2015, Europe faced a migrant crisis that saw millions of refugees flooding into its countries. According to an interview by billionaire hedge fund manager George Soros, the mismanagement of this situation has led the European Union towards a collapse.
In an interview published in the New York Review of Books, Soros expands on his doomsday prediction. He cites the German Chancellor Angela Merkel as the potential solution to, but also partiall cause of, the crisis. Soros states that Merkel saw how the migrants would cause the previous open border system to change and wind up undermining the common market. Though she attempted to head off the problem before it grew out of control, her actions only ended up exacerbating the issue.
But, Soros says, the refugee influx is not the sole reason behind the problems Europe is encountering. Soros equates the European way of dealing with issues to kicking a ball up a hill: it seems like a solution, but the relief is only temporary. And when the ball returns it carries more weight with it. The Europeans have let their issues accumulate, and with five or six crises in front of them at the moment, the likelihood of them being able to bounce back and recover fully is slim. Thus explains Soros’ negative perspective on the situation.
George Soros has spent his life acquiring knowledge of the financial and business industries, eventually founding his own company, Soros Fund Management. After being renamed the Quantum Fund, it went on to net $5.5 billion in 2013, making it the most successful hedge fund in history. It’s revenue continues to grow, as does Soros’ esteem and standing. He is not only one of the richest people in the world, but also a respected philanthropist, contributing large sums to furthering education around the world, among other causes.
In Soros’ opinion, it is the German people who have the opportunity to do the most good and affect change in Europe. Though her actions in 2015 did not result in the improvement she had hoped, Soros believes Chancellor Merkel will be able to help her people, and the rest of the EU, conquer the challenges ahead of the and emerge a stronger nation.

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