George Soros is Warning the Investors about the Similar Characteristics of China’s Debt-Fueled Economy and the U.S. Economy before 2007-08

George Soros had warned investors against the China’s debt-fueled economy which resembles the U.S. in 2007-08 before the build-up led to the global financial crisis. The credit growth figures recorded in March according to George Soros is a warning sign. Soros revealed his prediction when he attended the Asia Society event in New York saying that China surpassed the projection estimated by Bloomberg that the credit growth would hit 1.4 trillion yuan but instead China’s new lending reached 2.34 trillion yuan. It is a clear signal that the government of China was only committed to growth and not controlling the level of debt. Visit Project Syndicate to learn more about George.

Soros is an experienced manager of a successful hedge fund company who made his $24 billion fortune through savvy wagers on markets. Due to his statements on about the state of the China’s economy, he has been involved in a war of words with the Chinese government. Soros has revealed in the World Economic Forum that he has already placed a bet against the Asia currencies in the event China economy worsens and further devaluation of the currency. In response, the China’s state media Xinhua news agency countered the statement as an assertion without basis saying that George Soros had made similar predictions several times in the past.

Soros has added that the banking system of China has more loans than deposits and situation could get complicated because of the continued inter-bank lending thus becoming a source of uncertainty and instability. The recent intervention by the Chinese government on has controlled the problem at least for this year and probably next year, but the credit market is growing at an exponential rate.

Other people worried about the future of the China’s economy include Andrew Colquhoun, who said that everything driving the economic recovery in China could end up derailing it. According to Colquhoun, China could be adding a debt burden to an economy that is already unsustainable.
Read more: George Soros is Warning the Investors about the Similar Characteristics of China’s Debt-Fueled Economy and the U.S. Economy before 2007-08

George Soros and Colquhoun believe that it is better for China’s economy to slow down than the government trying to stabilize it. Whatever the government actions are right now are only making investors feel less confident in the government’s commitment to reforms. Soros was born in Budapest, Hungary and became famous when he broke the Bank of England in 1992 and made $1 billion with a bet that the UK would devalue its currency. Under his leadership, George Soros managed Soros Fund Management that posted average annual gains of about 20 percent from 1969 to 2011.

Soros is also the founder and chairperson of Open Society Foundation, a network of foundations in more than 100 countries committed to promoting the objective of accountable government, open society and a society where rights are respected. After being successful in the financial markets, Soros took the opportunity to give back to the society through the Open Society Foundation. Learn more on Biography about George

All you need to know about Precious Metals

Gold coins possess a lot of value, and so does silver coins. For many years, they have been used to measure the wealth of different countries. However, after the introduction of money as a form of currency, these precious metals started being ignored by many people. Before then, they were valuable means of exchange, especially during the trade.

In order to safeguard the value of the precious coins, the veterans in the market started an organization on that will only focus of the coins. The veterans were wise enough to start a company and put in place the right measures to ensure that the consumers can have a trustworthy and reliable place where they can buy or sell their precious coins.

The organization started by the veterans is known as U.S Money Reserve, and it serves a large group of people in the United States. The company is known for its customer care service that has all the qualities a customer needs. US Money Reserve has a reliable team of employees who are very knowledgeable in the coins industry, and this has made it among the top companies in the United States of America.

The U.S. Money Reserve deals with the government accredited coins, and when a customer visits the company, they are advised well on the type of coins to purchase. The company advises the public hen a certain coin losses value, and it advises the customers to avoid owning it. Many of the clients from the company who own the coins say that they make good profits at the end of the day.

The U.S Money Reserve is managed by Philip Diehl, the former president of the U.S.Mint. The company also deals with precious metals, and this means that he is an expert in gold and silver coins. Since he took charge of the company, Philip has brought major changes, and more people have started to own the coins due to their profitability.

To make sure that the internet community gets information and appreciates gold and silver coins, the CEO of the US Money Reserve, Mr. Philip decided to start an online face to represent the company in the online community. This was a great idea, and it has received a lot of positive responses from the consumers. Many people now understand why it is important to own government issued coins, and many of them have embraced the idea very well.