The value of the pound would decline precipitously. It would 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

Categorized in : Business

She was using #MeToo to promote herself. by George Soros

She was using #MeToo to promote herself.

Today, there are speculative forces in the markets much bigger and more powerful. And they will be eager to exploit any miscalculations by the British government or British voters, brexit would make some people very rich – but most voters considerably poorer.

British voters are now grossly underestimating the true costs of Brexit, too many believe that a vote to leave the EU will have no effect on their personal financial position. This is wishful thinking.

A hard landing is practically unavoidable, i ’m not expecting it, I ’m observing it. China can manage it. It has resources and greater latitude in policies, with $ 3 trillion in reserves.

Unrestrained competition can drive people into actions that they... by George Soros

Unrestrained competition can drive people into actions that they would otherwise regret.

drive competition regret people

Increasingly, the Chinese will own a lot more of the world because they will be converting their dollar reserves and U.S. government bonds into real assets.

will government real world

Throughout the 19th century, when there was a laissez-faire mentality and insufficient regulation, you had one crisis after another. Each crisis brought about some reform. That is how central banking developed.

some how you banking

My foundations support people in the country who care about an open society. It's their work that I'm supporting. So it's not me doing it. But I can empower them. I can support them, and I can help them.

me society work people