Billionaire hedge fund founder George Soros is back … and he’s betting big on a stock market collapse.
After stepping back from active investing to focus on his philanthropy work for many years, negative developments both in the U.S. and around the globe have drawn this macro-investing guru back in.
Clearly, he sees an opportunity to make fortunes with his $30 billion hedge fund.
Soros hasn’t been shy about stating the European Union is facing potential collapse under the weight of the migrant crisis, continuing issues in Greece and the U.K.’s potential Brexit. Add China’s struggle with internal conflict within political leadership, and we could have a global economic crisis on our hands.
And he thinks the United States is in just as bad, if not worse, shape.
This is not the first time Soros has taken a significantly bearish stance.
In 1992, he correctly took a bearish position against the British pound, resulting in profits of $1 billion.
And in 2007, he was worried over the housing sector and made bearish bets. Over the next two years, he made more than $1 billion in gains.
Soros isn’t alone in his grim outlook…
A month ago, billionaire activist investor Carl Icahn moved the next exposure of hedge fund Icahn Enterprises from a net 25% short to a net 149% short.
Famed trader Stanley Druckenmiller recently warned: “The bull market is exhausting itself.” In fact, he sees a crisis worse than 2008 brewing.
Bond king Bill Gross is calling for tougher times ahead for investors that will bring high volatility and lower returns. In fact, he believes a “short of a lifetime” is directly ahead.
International investor Jim Rogers has also warned that the “next bear market is going to be worse than most us have experienced.”
And our very own James Dale Davidson, editor of Strategic Investment, and his team have been warning Main Street Americans of this impending collapse.
He believes this next collapse will be unlike any other. If you are on the wrong side of things, you could see your portfolio fall by 70% within weeks…
But if you are on the right side of things … and position yourself in the same way as Soros, Icahn, Druckenmiller, Gross, Rogers … then fortunes can be made.
To help investors do this, James is holding a special webinar called the Crisis Investment Summit. For details on how to attend for free, click here.
Sr. Managing Editor, Sovereign Investor Daily