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World|politics|January 26, 2018 / 03:47 PM
George Soros says Trump administration is ‘Danger to the World’

AKIPRESS.COM - George Soros said President Donald Trump is risking a nuclear war with North Korea and predicts that the groundswell of opposition he’s generated will be his downfall, Bloomberg reported.

“I consider the Trump administration a danger to the world,” the billionaire investor said in a speech from Davos, Switzerland. “But I regard it as a purely temporary phenomenon that will disappear in 2020, or even sooner.” He expects a Democratic “landslide” in the 2018 elections.

Soros, the 87-year-old chairman of Soros Fund Management, said his Open Society Foundations are spending more than half of their budget “closer to home” rather than in the developing world, in an effort to protect democracy. While he said the strength of institutions will help prevent Trump from succeeding, Soros counted nuclear war and climate change as greater threats to civilization.

The billionaire former hedge fund manager, speaking Thursday at the World Economic Forum, also struck at social-media companies Facebook Inc. and Google in the speech, comparing them to gambling companies that foster addiction among users, and called cryptocurrencies a typical bubble.

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