Soros: Economic Meltdown Ahead — Again

Friday, June 27, 2008 11:35 AM

Hedge fund legend George Soros is like the boy who cried wolf, repeatedly predicting financial and economic crisis.

The question is, is he right this time?

In 1987, he wrote a book saying the world had to dump the dollar and replace it with a new currency system to avoid “financial turmoil, beggar-thy-neighbor policies leading to worldwide depression and perhaps even war.â€