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.