George Soros Recent Interviews

George Soros recently gave two interviews where he discussed his view on the global economic situation. He relates that Europe is that last bastion of orthodoxy and they are racing towards a situation that is similar to what Japan has been trying to escape for the past 25 years. He then goes on to discuss the Japanese situation and gives a warning that the Japanese better watch out since if they are successful in stimulating inflation he is not entirely sure they can stop it once it gets started. As the Yen begins to fall, which it already has, the people in Japan will start to realize that it is liable to continue and that they will quickly try to move their money abroad in order to protect their purchasing power - this exodus can quickly turn the fall of the Yen into an avalanche. INET: CNBC: