“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. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
More recently, noting the ensuing currency wars between China and the United States, Soros predicted that we are on the threshold of a Third World War as well:
“If there is conflict between China and a military ally of the United States, like Japan, then it is not an exaggeration to say that we are on the threshold of a third world war,” Soros said.
“One crumb of comfort could be the 10-year period between the 1998 Asian crisis and the 2008 credit crisis. If the pattern is repeated, it should at least mean we have another 8 years to go before the next crash,” Soros stated.
There are many important things happening in the world right now. Perhaps it is much more than any one of us can keep track of, but they are worth paying attention to.
Our entire way of life is slipping out from under us, and the architects of world finance and rearranging the pieces to play for keeps.
This article is brought to you courtesy of Mac Slavo.