The U.S. economy could be headed for a disaster as a result of President Donald Trump’s pro-business approach and stock prices ahead of the 2020 general elections, according to liberal billionaire investor George Soros.
Soros, an 89-year-old Democratic megadonor, was talking to guests in January at an informal dinner at the World Economic Forum meeting in Davos — known for featuring elite business and political leaders — in the Swiss Alps.
“The stock market, already celebrating Trump’s military success, is breaking out to reach new heights,” Soros said. “But an overheated economy cannot be kept boiling for too long. If all this had happened closer to the elections, it would have assured his re-election”
His remarks came after a heel of fresh record highs in the U.S. stock market. The surge is accredited to the Trump administration’s policies, according to economists.
Soros is known on Wall Street for his trading prowess and a $1 billion bet against the British pound that saw him and Stanley Druckenmiller record a big win in an event known as Black Wednesday in 1992.
Although the Investor has been saying for years that he is retired, he is known to make occasional bets and he also helped his firm through the financial crisis.
Listen to GHOGH with Jamarlin Martin | Episode 69: Jamarlin Martin
Jamarlin goes solo to unpack the question: Was Barack Obama the first political anti-Christ to rise in Black America? To understand the question, we have to revisit Rev. Wright and Obama’s decision to bring on political disciples David Plouffe, Joe Biden and Eric Holder.
Soros said that he thinks Trump is a narcissist and a con man who wants the world to revolve around him.
“When his fantasy to become president became a reality,” the narcissism dialed up, Soros said. “This has turned his narcissism into a malignant disease.”
