In 2008, stock markets around the globe declined very dramatically. The rapid and severe decline in markets around the globe led to serious losses of investors all over the world. There were many investors that lost millions of dollars in the crash. Additionally, the economic decline caused the housing bubble to burst. This led to drastic declines in home values, and it put many people “underwater”, owing more on their homes than their homes were worth. There were also many millions of people that were put out of work, due to the recession. Luckily, recent years have seen somewhat of a rebound in all of these things. Unemployment has gone down, the housing market is recovering, and stocks seem to be going back up again. Unfortunately, it appears that recovery might be very short lived. George Soros notices that there is still a danger of yet another economic catastrophe.
China went from being a country with a slow economy to one of the world’s biggest manufacturing nations in the world. Now, they appear to be losing their industrial backbone that made them such a powerful economy. Instead, China’s once powerful industrial sector looks like it’s on the decline. This decline seems like it could be the end of China’s growth. The economy of China seems to be more strongly consumerist oriented than industrial these days. However, the consumer economy of China lacks the size and strength that the industrial sector used to have.
There is some evidence of China’s weaker economy. The yuan is no longer increasing in value. Instead, the Chinese government was forced to lower the value of the yuan. This is very clearly a response to a weaker Chinese economy.
It may seem that a decline of the Chinese economy would only affect the Chinese. However, this simply isn’t the case. China has been a big player in the world economic system. Their economy taking a negative turn would put a strain on the entire world economic system. In fact, a crash of China’s economy could create a 2008-style crash throughout the world. It could mean numerous people being put out of work throughout the western world, in addition to the eastern world.
Economists and investors like George Soros make use of indexes to determine how unstable the economy is. These measurements are referred to as volatility indexes. One well known volatility index in the United States, the VIX, is showing more instability these days. This scale took an 13 percent swing upward. Another United States scale of instability also has risen, albeit by a smaller amount of less than six percent. In the eastern world, there is a scale of market volatility that is showing potentially dire changes in the economy. In Japan, a volatility scale has risen by 43 percent. This kind of sudden change warrants close attention and a high degree of caution.
New Study Indicates The Zika Virus May Cause Guillain-Barré Syndrome According To Brazilian Doctor Sergio Cortes
The Zika virus is turning out to be more than a bug that causes muscles aches, rash and fever. A study conducted by Professor Arnaud Fontanet, from the Institut Pasteur in Paris, said 42 patients who were infected during a previous outbreak of the Zika virus in French Polynesia were tested, and neurological problems surfaced around six days after they were infected. Sergio Cortes, the former Secretary of Health in Brazil said Professor Fontanet’s study is very compelling. Dr. Cortes has a great deal of information about the Zika virus on his website.
The Zika virus is a product of the Aedes aegypti mosquito. Brazil has been dealing with an outbreak of the virus since April 2015. The rapid spreading virus has found it way to other South American countries, the Caribbean Islands, Puerto Rico and the United States. Isolated cases of the virus have also been reported in Europe and Australia. The World Health Organization (WHO) declared a public health emergency in February.
Zika has also been suspected of playing a role in microcephaly in newborn babies, but the scientific evidence hasn’t confirmed that connection. The Fontanet study adds more fuel to mysteries that surround the virus. The neurological problems described in the study are symptoms of Guillain-Barré syndrome. Guillain-Barré syndrome leads to chronic muscle weakness and in some cases breathing becomes so difficult that intensive care is required, according to Dr. Cortes. Dr. Cortes tweeted the virus actually attacks peripheral nerves. Patients in the study deteriorated faster than the other cases of Guillain-Barré syndrome that were studied in the past. Dr. Cortes has posted several articles about Zika virus complications on his LinkedIn page.
Dr. Cortes said none of the 42 patients in the study died. But Professor Fontanet thinks the countries that have a Zika virus outbreak should be prepared to see more cases of Guillain-Barré syndrome. Cortes recently posted an article on his Facebook page that talked about the number of cases of microcephaly that have been reported in the same area in Brazil where the Zika virus was first reported. Adding this second threat will only exacerbate the fear that is already moving to panic mode in several countries.
The scale and the speed of the Zika outbreak has surprised medical researchers, and most of them say more information about the effects of the virus is being uncovered on a daily basis. Dr. Cortes and other medical professions think the Guillain-Barré syndrome and microcephaly are products of Zika, but not all infected people will get those diseases. But if researchers are right about the number of people that will be infected with the virus over the next six months, Guillain-Barré syndrome and microcephaly cases will increase.
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George Soros feels that he’s got a lot in common with the German Chancellor Angela Merkel. First, they both grew up under totalitarian regimes.
George Soros, as a Jewish boy, had hard time surviving in Nazi-occupied Hungary where he was born in 1930. Later on, he was able to move to the United Kingdom, where he finished the London School of Economics, and later to the United States where he became a multi-billionaire as a financial speculator and a hedge fund manager.
Merkel also experienced a totalitarian regime, but from a different perspective. She was raised in a Communist-run East Germany. That’s where she started her political career and eventually made it to the German political mainstream after the reunification, while staying true to her socialist background.
The second thing in common is the willingness to help the Middle Eastern refugees. More than a million migrants flocked to Germany in 2015, with more on the way, after encouraging statements from the Chancellor.
Meanwhile, Soros stated on Bloomberg.com that Europe needs to accept millions of migrants more. His foundations, indeed, encourage migration and seek to assist the migrants to get to Europe.
This has caused great controversies in Europe, with many blaming both Merkel and Soros for seeking to erode European culture and identity by letting culturally different migrants, some of whom don’t even come from Iraq or Syria, but rather present fake passports. What’s more, the terrorist state, ISIS, openly admitted it’s sending its fighters among the refugees.
The Hungarian leader, Victor Orban, openly criticized Soros. There’s also opposition coming from the Central European members of the EU when it comes to accepting the migrants. These countries refuse to accept migrant quotas that Merkel wanted to establish after more migrants than expects arrived in Germany.
Soros went on to criticize these formerly Communist countries and claimed that they’re not used to open societies. He went further to say that the European Union can collapse as a result of the crisis. With many countries closing borders and building fences, the Schengen Zone is about to become a history.
The other factor bringing on pressure is the potential Brexit. The UK voters will decide in June if they want their country to continue to be a member of the EU. In addition, there’s unresolved Greek debt crisis, which may weaken, or even destroy, then common currency, Euro.
With more migrants on the way, there surely will be more turmoil in Europe. No one knows for sure how the continent will look at the end of this year.