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Categorized | Financial

Soros to Economic World: we’re totally screwed

George Soros is considered by most accounts as a brilliant man. If you don’t know who he is then you haven’t been watching the news or financial markets.

Mr. Soros is one of the wealthiest men in the world. He’s a hedge fund billionaire, philanthropist and all around financial genius. When this guy makes moves, world markets hold their breath. One of his most storied accomplishments is breaking the bank of England. Don’t ask me to explain how he did that, but it did happen.

What could this person possibly have to do with emergency preparations?

Well it seems that George Soros has recently made some pretty grim predictions concerning the health and fate of the world’s economy. In a recent interview for The Daily Beast (Jan 24, 2012) Mr. Soros warned of some dark times that are coming. Below are some excerpts taken from the article.

Europe is confronting a descent into chaos and conflict. In America [Soros] predicts riots in the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties [emphases added]. The global economic system could even collapse altogether.

We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.

At times like these, survival is the most important thing.

Take the time to find this article and read it in its entirety, it’s an eye opener for sure. Regardless of the type of disaster we can expect, now is the time to get ready. Making proper preparations now will likely mitigate the possible impact of these hard times, if they do come to pass.

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