Becoming a billionaire in the modern times is not an easy task. One must ensure that they have invested at least one billion dollars in a profitable business. Getting one billion for investment is a hard task for many on http://www.bloomberg.com/news/articles/2016-04-20/soros-says-china-s-debt-fueled-economy-resembles-u-s-in-2007-08, so people have to look for other ways of earning and becoming successful people. The other way is by watching and carefully doing what the billionaires do. This way, you will make good amounts of money and invest in the right areas, where you earn good profits. These people have good knowledge in investments, and watching them will be of great help.
George Soros is one of the wealthy people should look out for. The Hungarian billionaire who is based in the United States of America is very wealthy, and all the years, he has managed to earn an important place in the hearts of many people due to the decisions he makes in his investments. He is the founder of Open Society, an international organization on http://www.forbes.com/profile/george-soros/ that has helped many people from different nations in the world. He is also the founder of the Soros Foundation, one of the most successful companies in the United States.
Recently, during a financial conference, George Soros warned investors about an upcoming financial crisis. He asked all investor to be very keen and make their decisions wisely because a financial crisis that resembled the one that took place over eight years ago might be on the way. Due to the amount of respect and expertise the billionaire has acquired over the years, investors should take the advice seriously.
The 2008 financial crisis on https://www.project-syndicate.org/columnist/george-soros originated from the developed nations then later on spread to the other countries that depended on them for their economic survival. The crisis was so bad, and up to date, some of the countries were not able to fully recover. Since then, many investors have been on the look out to avoid getting the problems experienced during the crisis.
This year, George Soros is warning investors that the financial crisis will not be coming from the developed nations like the United States. According to him, China, a developing country will be the result of the crisis. For some years now, China has been experiencing economic problems, and these problems are being transferred to the rest of the world. The current situation in the country resembles what happened years ago.
The currency of the nation has lost value in the past moths, worsening the situation. The interest rates from China are also negative, and according to the famous billionaire, this will have a serious impact on the economy of the whole world. The country will take several take several years before it can resume its original state.
Read more: George Soros Predicts a Financial Crisis