George Soros: The Global Financial System is in a ‘Self-Reinforcing Process of Disintegration’

Simone Foxman Business Insider 12/1/2011

Image: Wikimedia Commons


Investor George Soros foretold doom in a recent speech in front of the International Senior Lawyers Project, according to the WSJ.

The financial system is collapsing, and the developed world is fast falling into a “deflationary debt trap.”

“The consequences could be quite disastrous,” […]