George Soros on Economic Collapse and Occupy Wall Street

Billionaire investor and liberal philanthopist George Soros, “the man who broke the bank of England,” has exuded his doom-and-gloom scenario for the United States, attributing America’s demise to both economic apocalypse and Occupy Wall Street.

For the first time in his life, the 81-year-old admits his own investment advice may have turned to mush: “It’s very hard to know how you can be right, given the damage that was done during the boom years.”  So the man who holds the record for raking in more dough in a single day’s trading is going soft and sentimental?

Sitting in his 33rd-floor corner office high above Seventh Avenue in New York, preparing for his trip to Davos, he is more concerned with surviving than staying rich…. As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.” Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether.

The Occupy Wall Street movement will not be growing.  If economic growth remains stagnant, and particularly if it deteriorates, there will be protests, but they will be organized and they will have a sensible message – like, say, the Tea Party movement?

Well, if President Obama or the upcoming 2012 GOP candidate don’t get a serious hold on our federal deficit, we will be using are greenbacks as kindling, just like the Germans after World War II.  So insofar as the “fall of the American empire,” in that sense, he is correct.  The rest is a bunch of Hollywood fluff.