- Text smaller
- Text bigger
Billionaire George Soros is predicting protests by Occupy Wall Street will turn violent, while warning the U.S. financial system may collapse.
In an interview with Newsweek writer John Arlidge, Soros reportedly said riots on the streets of American cities are inevitable.
“‘Yes, yes, yes,’ he says, almost gleefully,” when asked about the prospect of Occupy turning violent, writes Arlidge.
Soros claimed the riots 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.”
“At times like these, survival is the most important thing,” Soros continued.
“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros said.
“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,” he said.
“The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
In the interview, Soros claimed the Occupy Wall Street movement “is an inchoate, leaderless manifestation of protest.”
However, WND has repeatedly documented the billionaire’s many ties to Occupy, including how the group’s reported nerve center is staffed by professional agitators deeply linked to organizations funded by Soros.
Those groups, most prominent among them being the Tides Center, have been involved with Occupy since the anti-Wall Street movement’s inception.
Tides functions as a money tunnel in which major leftist donors provide large sums that are channeled to hundreds of radical groups.
The Tides-funded Adbusters magazine is reported to have come up with the Occupy Wall Street idea after Arab Spring protests toppled governments in Egypt, Libya and Tunisia. The Adbusters website serves as a central hub for Occupy’s planning.
The Tides-funded Ruckus Society has been providing direct-action training to Occupy protesters as well as official training resources, including manuals, to Occupy training groups. Ruckus, which helped spark the 1999 World Trade Organization riots in Seattle, was also listed as a “friend and partner” of the “Occupy Days of Action” in October.
Another grantee of Tides is MoveOn.org, which has joined Occupy.