Article

2016-06-22 Britain

Billionaire Open Borders Funder Soros Tells Britain To Stay In EU ‐ Or Else

[Breitbart] George Soros, the billionaire who earned fame by betting against the pound in 1992, said that a British vote on Thursday to leave the European Union would trigger a bigger and more disruptive sterling devaluation than the fall on Black Wednesday.

Soros used Quantum Fund in 1992 to bet successfully that sterling was overvalued against the Deutsche Mark, forcing then-Prime Minister John Major to pull the pound out of the European Exchange Rate Mechanism (ERM).

Soros, in an opinion piece in the Guardian newspaper, said that in the event of a British exit, or Brexit, 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.
That's not a prediction, that's a plan of operation...
"The value of the pound would decline precipitously. It would also have an immediate and dramatic impact on financial markets, investment, prices and jobs," Soros, who is 85, said in the Guardian.

Posted by Besoeker 2016-06-22 02:36|| || Front Page|| [11129 views ] Top

#1 I wonder how much he's betting this time?

Posted by Raj 2016-06-22 11:29|| 2016-06-22 11:29|| Front Page Top

#2 Straight from the Oligarch's mouth.

Posted by Anguper Hupomosing9418 2016-06-22 11:43|| 2016-06-22 11:43|| Front Page Top

#3 So if he ever sets foot in Britain they should arrest him and charge him with blackmail.

Posted by Ebbang Uluque6305 2016-06-22 11:48|| 2016-06-22 11:48|| Front Page Top

#4 Reason enough to support Brexit.

Posted by Thravimp Lover of the Antelope7006 2016-06-22 12:12|| 2016-06-22 12:12|| Front Page Top

#5 I was for the exit... now I'm ecstatic about it.

Posted by DarthVader 2016-06-22 12:23|| 2016-06-22 12:23|| Front Page Top

#6 You know, if the SAS picked up their old anti-IRA habit of making people attacking England 'vanish', the world would be a better place.

Posted by Silentbrick 2016-06-22 14:23|| 2016-06-22 14:23|| Front Page Top

09:11 Mercutio
09:07 AlmostAnonymous5839
08:52 Matt
08:24 Matt
08:20 SteveS
07:43 Procopius2k
07:42 BrerRabbit
07:42 Procopius2k
07:39 Procopius2k
07:36 Procopius2k
07:35 Procopius2k
07:34 trailing wife
07:31 Procopius2k
07:30 NN2N1
07:22 NN2N1
07:18 trailing wife
07:14 Richard Aubrey
07:10 NN2N1
07:09 Besoeker
07:03 NN2N1
06:58 NN2N1
06:58 Besoeker
05:28 Whiskey Mike
05:23 Whiskey Mike