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Looky what Britain has started… It is being reported that voters in France, Italy and the Netherlands, as well as others, are demanding their own votes on European Union membership and the euro, as the continent faces a “contagion” of referendums.
EU leaders fear a string of copycat polls could tear the organization apart, as leaders come under pressure to emulate David Cameron and hold votes.
I immediately hoped the Rothschilds and Soros might spontaneously combust! But, alas… it seems that George Soros may have “known” what to expect ahead of time…
Experts across the continent warned today that Brexit would lead to the entire break-up of Europe, as Italy, France, Denmark and the Netherlands are all now considering following suit. Perhaps the countries of the European Union are tired of the socialism that never has worked in the past and does not seem to be working now.
The Guardian reports that after Brexit, George Soros said the pound would fall by at least 15 percent, and possibly more than 20 percent, to below $1.15 from its current level of around $1.46. He further anticipated the value of the pound would decline precipitously.
“It will also have an immediate and dramatic impact on financial markets, investment, prices and jobs. I would expect this devaluation to be bigger and also more disruptive than the 15 percent devaluation that occurred in September 1992, when I was fortunate enough to make a substantial profit for my hedge fund investors.” -George Soros
It sounds like that would be bad for Soros… except… does anyone remember the article VL did a few months ago about Soros buying gold? Guess what is UP right now? See that article HERE
The landmark vote in the U.K. to leave the European Union has rocked global markets, sending the British pound to its lowest level in more than 30 years. Futures for the Dow Jones Industrial Average plunged as much as 700 points at one point, and Europe’s benchmark stock index was facing its worst one-day plunge since 1987.
Soros is famous for breaking the Bank of England — and lining his pockets with the carnage. In 1992, he bet against the British pound, which resulted in sterling’s ejection from the European exchange-rate mechanism.
It seems that Soros turned bearish on his stocks, thus getting rich on an implosion in British markets — again.