George Soros really doesn’t like Donald Trump. The billionaire Jewish investor has been a donor to Democratic political campaigns and a supporter of liberal causes for decades.
However, when it comes to Donald Trump, George Soros has always been a critic. And he did not hold back when speaking with Bloomberg Television’s Francine Lacqua at the World Economic Forum in Davos.
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George Soros says markets will slump and calls Donald Trump a "con man" https://t.co/N44tpbZ0Gs pic.twitter.com/knhJfE4TkE
— Bloomberg (@business) January 21, 2017
So what did George Soros say? “I personally am convinced that [ Donald Trump] is going to fail. Not because of people like me who would like him to fail, but because the ideas that guide him are inherently self-contradictory and the contradictions are actually already embodied by his advisers and his Cabinet.”
And his harshest comments for the new President came when he stated that Trump “would be a dictator if he could get away with it.”
George Soros also spoke about the future of Britain’s economy in the wake of the Brexit as well as his belief that its current government will not last for much longer.
“In my opinion it is unlikely that [British] Prime Minister [Theresa] May is actually going to remain in power. Already she has a very divided cabinet, a very small majority in Parliament. And I think she will not last. And for good measure Soros added, “At the moment the people in the UK are in denial.”
On the economy in general George Soros said, “The current economic situation is not as bad as was predicted and they live in hope. But as the currency depreciates, and inflation will be the driving force, this will lead to declining living standards. This is going to take some time, but when it does happen they’ll realize that they are earning less than before because wages won’t rise as fast as the cost of living.”
George Soros says uncertainty over Trump will cause markets to falter https://t.co/lqpGoEtuAM pic.twitter.com/C6rM4cDbkf
— Reuters (@Reuters) January 19, 2017
So George Soros thinks that this will lead to a reversal of the Brexit saying, “The divorce is going to take a very long time. It’s much harder to divorce than to get married, so I think the desire for rapprochement will develop, and in theory or maybe even in practice you could have a situation in 2019 or 2020 when Britain will leave the EU, because it does have to take place, but they could leave on a Friday but join over the weekend and have the new arrangement in place on Monday morning.”
George Soros on Donald Trump's election and why he's convinced Trump will fail https://t.co/AwFGVVmGTG #wef17 pic.twitter.com/nQMii78FHR
— Bloomberg (@business) January 19, 2017
On China George Soros said, “China has not actually succeeded yet in changing its growth model and probably won’t do it in the next two years because Xi Jinping wants to maintain an unsustainable rate of growth. [Chinese leader Xi] is doing that by rekindling the furnaces and producing more goods that are already in supply.”
