Soros says current situation similar to demise of the Soviet Union

The Bank of England is finally recognising that things are worse than it thought, Taleb is saying the economic collapse will be worse than the Great Depression, and now according to Reuters so is George Soros who goes a step further:

turbulence is more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union

Which adds a grain of authority to Orlov’s thesis, that he’s been publishing since June 2005. It is no surprise he is building up quite an audience at his recent speeches, and I think best summary so far was his “5 stages of collapse” slides.

5 stages


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