(Source: NPR)

 

 

Billionaire investor, philanthropist, and political player George Soros made his fortune riding the winds of high finance.

Now, he says, the global economy is blowing out of a tremendous bubble. Not a normal bubble, but a "superbubble" that's coming apart in a superbust.

Soros was there for the dawn of the hedge fund and the high-leverage finance that's now coming back to bite — in housing and oil and debt and a credit crunch. We're in for financial destruction and a breakdown of world order, he says. Oh, great.

 

Listen to the interview here.