George Soros says what we all fear most

For anyone and everyone remotely following the EU, their debt and the Euro countries, with their financial messes, this George Soros quote sums it up for us, likely: "Global Financial System In 'Self-Reinforcing Process Of Disintegration.'" He says "Developed countries are falling into a 'deflationary debt trap,' in which consumer spending falls, products become more expensive, tax revenues drop, and sovereign debt grows..." and we fear he's right but hope--against hope?--he's wrong. Link: http://www.huffingtonpost.com/2011/12/05/george-soros-global-financial-system_n_1129210.html