Those few of us who were paying close objective attention to financial market developments over the past 10 years were able to see the 2008 financial crisis coming. We have also been fully aware that nothing was fixed in the aftermath of 2008 and that the extend and pretend policies orchestrated by central banks, regulators and the banking cartel since, have actually increased leverage and financial risk in world markets. ‘The Big Short’ is just one of many films and books over the past few years to effectively underline this point in a way that pretty much everyone can understand (provided one wishes to see truth, that is).
Hedge fund manager George Soros is one who has been raising the alarm. Speaking at an economic forum in Sri Lanka this week, he reiterated his concerns in plain language. For those still blindly holding over-valued assets with your savings, you have been amply warned…Hope is not protection or an intelligent investment strategy.
Billionaire financier George Soros is warning of an impending financial markets crisis as investors around the world were roiled by turmoil in China trade for the second time this week. Here is a direct video link.