NEW YORK: Investor George Soros is predicting a bloody riot in the US. And given his deep connection throughout the economic and political fabric of the US, it would wise to heed his words.
Soros is quick to claim that economic and social divisions in the U.S. will deepen, too. He sympathizes with the Occupy movement, which articulates a widespread disillusionment with capitalism that he shares. People “have reason to be frustrated and angry” at the cost of rescuing the banking system, a cost largely borne by taxpayers rather than shareholders or bondholders.
As anger rises, riots on the streets of American cities are inevitable. “Yes, yes, yes,” he says, almost gleefully. The response to the unrest could be more damaging than the violence itself. “It 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”
With regard to the upcoming elections, Soros believes that Barack Obama may infact surprise the public and go on to win his next presidency.
Full article at thedailybeast
