It was recently reported any news article by Fortune magazine, George Soros Open Society Foundations has been banned from Russia and deemed a security threat. The Russian Federation has released a statement about the situation that reads as follows;
““It was found that the activity of the Open Society Foundations and the Open Society Institute Assistance Foundation represents a threat to the foundations of the constitutional system of the Russian Federation and the security of the state.” Instead of taking the help from the Hungarian born philanthropist, the Russian state claims it feels threatened both constitutionally and also as a security risk. Perhaps it is the pro-democracy aspect of the Open Society Foundation that the Russians find so intimidating. Mr. Soros may have fallen out of the good graces of the Russian Government earlier this year when he proposed that the West should try to step up its aid in Ukraine. He was proposing a $50 billion financial package that was seen by the Russians as aggravating the situation there. The Russian offenses in that area of the world have seen Russia openly criticized by the West. The money may have also been seen as a tool to help the opposition.
Mr. George Soros founded the open Society foundations in 1979. When his personal wealth 25 million decided to semiretired and he began his philanthropic activities by helping students in South Africa during apartheid. Mr. Soros was quoted by fortune.com as saying ““We are confident that this move is a temporary aberration; the aspirations of the Russian people for a better future cannot be suppressed and will ultimately succeed.”
The Open Society Foundations has been doing very important charitable work in the world for over 35 years. With programs in over 110 countries and millions of people as beneficiaries, this philanthropic institution is well recognized for all the good it does produce globally.
George Soros was born in Budapest Hungary. He and his family were forced to migrate by the Nazis when he was only 15. He graduated from the London School of Economics. In 1992 Mr. Soros made $1 billion by betting that the English pound would not be able to stay within the European monetary system. He was 100% correct and made his money when the United Kingdom was forced to devalue a its currency. Mr. Storos is also an accomplished author with 14 bestsellers to his name. He has written many essays and has been quoted in articles and interviews making amazingly accurate predictions for the financial markets.
Mr. Soros has expressed the opinion that this year we may be seeing a market crash reminiscent of the crash of 2008. He is also very concerned about the European Union and its reaction or should I say it’s the lack of a unified reaction and policy towards the Syrian Middle Eastern migration crisis. Mr. Soros has also been quoted as letting investors know that this is a very cautious time and to be very prudent with their investments. He has been amazingly on point with his financial predictions and in his political opinions. Mr. Soros has even gone on to formulate a comprehensive plan to help with the migration crisis that he believes could actually derail the entire European Union and caused its collapse.