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Soros: World Financial System on Brink of Collapse
The world financial system not only isn’t functioning, it’s on the brink of collapse, according to investor George Soros. The Hungarian-born philanthropist, who recently spent time in countries where his charities are active, such as Africa, said he sees a growing bifurcation between emerging and developed countries – and he’s more confident about prospects for the emerging ones. Despite their assorted problems, including corruption, weak infrastructure and shaky government, developing countries are relatively unscathed by the “deflationary debt trap that the developed world is falling into,” Mr. Soros ... (full story)
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