'There Will Be Riots on Streets of America': George Soros Predicts Class War in U.S. as Euro Triggers Collapse of Global Economy

MAIL ONLINE: Billionaire New York investor warns of impending economic meltdown / Backs euro and buys Italian bonds from Jon Corzine's failed MF Global / Warns it's 'difficult to know right decisions to make' after boom years / Supports Occupy Wall Street, Democrats and Obama re-election efforts

Billionaire investor George Soros has warned the global economic system could collapse and riots on the streets of America are on the way.

The 81-year-old said he’d rather survive than stay rich as the world faces an ‘evil’ period and Europe fights a ‘descent into chaos and conflict’.

He has backed the euro, bought $2billion in European bonds and insisted the economic climate is similar to the 1930s Great Depression.

‘The euro must survive because the alternative - a breakup - would cause a meltdown that Europe, the world, can’t afford,’ he told Newsweek.

‘The situation is about as serious and difficult as I’ve experienced in my career. We are facing now a general retrenchment in the developed world.’

His warnings came as U.S. stocks dipped on Tuesday, with talks to resolve Greece's debt crisis faltering and threatening a five-day winning streak. » | Mark Duell | Tuesday, January 24, 2012