wpr
  • wpr
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9 years ago
In case you missed it George Soros was vocal in his wanting the UK to stay in the EU but he still comes out wealthier than ever before.


Soros looks set to make a killing on Brexit result 


Soros is famous for breaking the Bank of England — and lining his pockets — in 1992 with a bet against the British pound, which resulted in sterling’s ejection from the European exchange-rate mechanism.

Soros Fund Management, which manages some $30 billion for Soros and his family, has been scooping up gold assets and placing wagers that stocks will tumble, according to a Wall Street Journal report earlier this month.



The Puppet Master: Soros Emerges as Key Driver of E.U. ‘Remain’ Campaign 

Soros developed a financial theory called “reflexivity” to make $30 billion trading on the markets, and now employs the same theory in a quest to use social change to undermine and eventually destroy the idea of the “nation-state.”

His theory argues that the “brain is bombarded by millions of sensory impulses but consciousness can process only seven or eight subjects concurrently. The impulses need to be condensed, ordered and interpreted under immense time pressure, and mistakes and distortions can’t be avoided.”

Understanding that people have the most difficulty in making decisions during a crisis, Soros learned how to manipulate investors by taking actions to make an economic crisis seem much more intense to the investors’ consciousness. This is essentially the equivalent of “shouting fire in a crowded theater” to panic the crowd into racing for the doors and leaving their valuables behind.

Soros famously made over a $1 billion on “Black Wednesday” as the European Union was being formed in 1992 by shorting the British pound currency so intensely he caused millions of other investors to sell the pound in a panic. As a result, the United Kingdom was forced to devalue its currency by about 10 percent overnight.

He applies the same type of “never let a good crisis pass you by” tactics to engage in global political action through his Open Society Institute, Institute for New Economic Thinking and Democracy Alliance — as traced by OpenSecrets, which tracks campaign and political action committee (PAC) cash.


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