In a recent article I discovered on the Project Syndicate Website by George Soros the hedge fund manager impressed me by talking some sense about the goals of Russia in entering the Syrian conflict. I have spent much time trying to uncover the reasons behind the willingness of Russia to bomb areas of Syria, but in the writing of hedge fund legend Soros I found a theory both believable and backed by fact.
George Soros believes world leaders should be wary of the assistance being provided to them by Russian president Vladimir Putin for the fight against ISIS in Syria. I agree with Soros that ISIS is playing on the fear of death that dominates the majority of western society, but a much more powerful enemy is making its way into the conflict in the form of Russia. Putin has led Russia through a period of economic growth that has left his personal popularity higher than ever before, but the economic sanctions Russia faces along with a maturing debt will see this growth end in 2017.
Forbes billionaire George Soros has recently seen his own philanthropic work in Russia with the Open Society Foundations end after his group was seen as a security threat because of the democratic ideology being taught. I was shocked to discover George Soros was born in Hungary and survived the Holocaust of World War II before completing a journey as a refugee to London, and later to New York to start his financial career. Soros has gained a personal fortune of over $20 billion based upon his hedge fund, which averaged 20 percent growth each year between 1969 and 2011.
I found myself agreeing with much of the Project Syndicate article written by George Soros regarding the position Russia is undertaking, and how western leaders are doing little to avert the path towards total European Union collapse. Soros believes the initial entry into the Syrian conflict was misjudged by President Putin, but has now been seized upon by the Russian leader as a way of avoiding a recession in Russia. Economic sanctions have caused issues since the Russian invasion of Ukraine, but will take even more effect when the nation must start repaying its debts in 2017.
The bombing of Syrian cities and the backing of government forces retaking areas of Syria have combined to push refugees into Turkey and on into nations within the European Union. I agree with Soros that Putin lacks long term vision, but his short term approach has seized upon the refugee crisis as a way of bringing an end to the European Union. The weak leadership of German Chancellor Angela Merkel may see the refugee crisis finally bring collapse to the EU, which has been threatened since the 2008 economic meltdown. The economic sanctions of the European Union will be removed should the community collapse, leaving Russia free to at least put off the collapse that is threatened in 2017.