Soros Says Europe, U.S. Turmoil Reminds Him of Soviet Collapse
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Billionaire investor George Soros said the disruption to global financial markets since 2008 has implications for Europe and the U.S. that remind him of the final years of the Soviet Union.
“Something similar is happening in the West,” Soros, 81, said in an interview on Bloomberg Television’s “Eye to Eye with Francine Lacqua,” airing today. “You had a financial crisis where the market did actually collapse, but it was kept alive by the authorities. People don’t realize that the system has actually collapsed.”