Billionaire warns U.S. financial system faces collapse
Billionaire George Soros is predicting protests by Occupy Wall Street will turn violent, while warning the U.S. financial system may collapse.
In an interview with Newsweek writer John Arlidge, Soros reportedly said riots on the streets of American cities are inevitable.
“‘Yes, yes, yes,’ he says, almost gleefully,” when asked about the prospect of Occupy turning violent, writes Arlidge.
Soros claimed the riots will “be an excuse for cracking down and using strong-arm tactics to maintain law and order, which, carried to an extreme, could bring about a repressive political system, a society where individual liberty is much more constrained, which would be a break with the tradition of the United States.”
“At times like these, survival is the most important thing,” Soros continued.
“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros said.
“We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse,” he said.
“The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
In the interview, Soros claimed the Occupy Wall Street movement “is an inchoate, leaderless manifestation of protest.”
However, WND has repeatedly documented the billionaire’s many ties to Occupy, including how the group’s reported nerve center is staffed by professional agitators deeply linked to organizations funded by Soros.
Those groups, most prominent among them being the Tides Center, have been involved with Occupy since the anti-Wall Street movement’s inception.
Tides functions as a money tunnel in which major leftist donors provide large sums that are channeled to hundreds of radical groups.
Read More about the Left’s agenda………………..
So what if Soros is indirectly tied to the Occupy movement? He’s a billionaire who knows that the present political system and tax codes benefit the RICH FAT CATS.
He’s not a self-serving asshole, unlike the monied individuals who want to enrich themselves further at the expense of the working classes.
Frank
Frank, You’re Brainwashed.
Read More on Soros and Figure it out, Otherwise Your excuses are baseless and uninformed.
RG
Oh…by the way Richard…..the RICH paid higher taxes back in the good ole 1950s. The Koch brothers don’t want to let empty-headed rightwing nutjob supporters like yourself to know these facts.
Here’s a video that may help explain the Koch brothers, who happen to finance a Capitalist Utopia for the RICH FAT CATS.
Oh…by the way Richard…..the RICH paid higher taxes back in the good ole 1950s.
Yeah Frank, And their aws More Loop wholes then than Carter had pills>
Failure!