He blames Republicans, of course, but what else did you expect from the billionaire responsible for countless extreme-left organizations? He certainly wasn’t going to cast the blame on Barack Obama or the party he effectively owns. So Republicans as a scapegoat it is.

Asked by CNBC if he believed the US risks falling into a double-dip recession , Soros said: “I think we are in it already.”

Soros also says the financial situation in Europe is even more dangerous than the collapse of Lehman Brothers. He also said a number of smaller European nations could default and leave the single-currency system, which would make sense.