George Soros – Powerful Figure In The Political Landscape Of the United States

George Soros is an influential figure in the political sphere of the United States, and a staunch Democrat as well. Over the years, George Soros has spent millions in support of Democratic causes and supporting democratic leaders who are aligned with the same social and political causes as himself. In the last U.S. Presidential Election, Soros donated over $25 million to support the campaign of Hillary Clinton, even though he substantially did pull back his political spending after losing over $27 million earlier on to ensure defeat former President George Bush in 2004.

George Soros, 86 years old businessman, is the 20th richest person on the planet and one of the most successful hedge funders to live in the world. His company, Soros Fund Management, is known to consistently give out one of the highest returns to its clients, and the firm is known to manage the funds and assets of some of the richest persons on the planet.

George Soros is a Hungarian-born Jew who witnessed and survived both the World Wars, including the Nazi’s Holocaust in Budapest, when he was in the same city. George Soros, having seen the transformation of the world over the years and knowing the dynamics of politics well, have understood what needs to be done politically to bring social and political stability world over. And, it is where the importance of his Foundation, Open Society Foundation Comes in.

Open Society Foundation is funded by George Soros and is aimed at helping the organizations and causes that are consistent with that of George Soros. Thanks to the connections of his father in the Hungarian government, George Soros was able to flee the Holocaust and move to London, where he studied business at the London School of Economics. It was during this time that he harbored the dream and passion for achieving and making his mark in the most famous financial district in the world, the Wall Street. Thus, Soros moved to the United States after his studied completed in London.

George Soros is also one of the most passionate and generous philanthropists in the United States today and donates personally as well as through his Foundation, OSF, to multiple organizations. The primary focus of George Soros is to eliminate racial disparity in the country and make reforms with immigration policies and justice system, which he thinks are not aligned well to promote social harmony. Soros recently pledged $500 million to help the businesses started by refugees and immigrants to support their livelihood and give them a fair chance to grow as well in the country, where he believe everyone has the right to equal opportunities. George Soros doesn’t approve of President Trump’s policies and is on a mission to stop many of his policies from realizing. Read more on CNBC about George Soros.

Former Star Continues Dire Predictions

In an April interview with Fox Business Network’s Wall Street Week, prominent hedge fund principal Kyle Bass, originally covered by UsefulStooges,  predicted a major financial crash in China resulting in a “brief, minor recession” for 2017. He explained that China’s declining GDP growth and reverse urban migration are harbingers of an enormous credit bubble about to burst.

He highlighted the enormous gap between real GDP compared with assets claimed in China’s banking system – a $23 trillion difference, and compared it to the U.S. real estate bubble in 2006. The big difference, though, is that Kyle Bass believes China’s economy is not globally interconnected enough to cause a “Lehman moment.”

When asked about the best presidential candidate for the economy, the economic conservative expressed support for Hillary Clinton. “I think she’s the most sane actor of them all.”

Kyle Bass’ reputation rests on his accurate prediction of the imminence of the U.S. real estate and credit bubble bursting in 2007. Since then his image has taken a considerable hit. He’s been accused of profiting from anti-patent litigation against pharmaceutical firms. While he claimed to want reduced prices on powerful drugs by removing patent restrictions, the results have sometimes been critical drugs held from the market, and he profited handsomely through shorting the targeted companies’ stock before bringing suit.

He has been charged with extortion, which caused the Patent Trial and Appeals Board (PTAB) to deny two of his patent challenges recently. Bass has also been criticized for defending General Motors’ during its power-steering and airbag safety troubles, as well as supporting Argentina’s autocratic leader Cristina Fernández de Kirchner when she declared a second default on her nation’s debt.

He even recommends conversion of monetary financial instruments to gold, fearing a bank run. Based on his recent track record, I think I’ll trust the banks and leave the gold for Fort Knox.