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octopus prime

Soros Capitalizing on Brexit

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http://www.fool.com/amp/investing/2016/06/25/brexit-proves-yet-again-that-george-soros-is-a-bri.aspx

Billionaire investor George Soros' most famous trade involved betting against the U.K.'s pound sterling in 1992. Shorting Britain's currency netted Soros a billion dollars in profit and cemented him atop the investing elite. Now it appears the iconic hedge fund manager has done it again.

Earlier this month, Soros revealed he's betting heavily against markets because of rising economic uncertainty, and earlier this week, he went on record against the U.K. leaving the European Union because of the potential financial fallout. Now that Britons have officially voted for an exit from the EU, or "Brexit," Soros' bearish bets appear to be incredibly savvy once again.

The planet's best prognosticator gets back to business

On June 9, the Wall Street Journal revealed that Soros had emerged from retirement to take a more active role at his multibillion-dollar Soros Fund Management.

Soros' return to day-to-day operations, it was reported, was to capitalize on what he called "opportunities to profit from what he sees as coming economic troubles." Those economic troubles appear to be rearing their ugly heads following this Brexit vote to separate the U.K. from the EU's regulations. Britain's decision begins a multiyear process to unwind itself from decades of EU rule.

(Cut)

Follow the money.  Always. 

 

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6 hours ago, octopus prime said:

On June 9, the Wall Street Journal revealed that Soros had emerged from retirement to take a more active role at his multibillion-dollar Soros Fund Management.

Soros emerged from retirement? I don't buy it. He has been very active behind the scenes during the last few years. He is obviously a central figure behind the refugee crisis in Europe, furthermore he seems to be one of Obama's handlers.

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Soros has a history of attacking currencies and then profiting from the ensuing chaos.  China still remembers 1997-98.  The attack began on the Thai bhat, and before it was done it had almost taken down every chinese aligned economy  in Asia and almost got Russia as well.

Soros was the architect of that crash as well.

 

1997 Asian financial crisis - Timeline Of The Crash

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