The fight going on in Britain about whether to stay within the European Union (EU) or to leave is nearing an end. The polls for Brexit are about evenly split, but David Beckham, Jeremy Clarkson, and George Soros favor remaining and the undecided voters will make the difference. Soros claims that if Britain leaves the EU, the British Sterling Pound will lose significant value, not unlike 1992 when Soros wisely made more than $1 billion by betting the pound would devalue. Soros has been right before about the pound, and his economic wisdom is listened to by the cognizant of the financial world. The foreign exchange market (Forex) is getting ready for a possible flash crash depending on the outcome of the vote. If the United Kingdom leaves the EU, most Forex investors will flood the market taking positions on currencies traded against the pound. The Euro, the Yen, and the American dollar all trade against the pound and the day in the Forex marketplace will be wild and adventurous.
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There is a 5-hour difference between the time in London and the time on the east coast of the states. The next few days will be exciting for all things British and especially for the Forex market in trading against the pound.
The only way to be prepared to face the events which are unraveling before our eyes in the real world is to have read and remembered the history of the world. Past events are often repeated in the future and those who do not know history are forced to repeat it. George Soros has seen both the evil and the good during his lifetime. He knows of fascism, communism, free enterprise, and the rule of kings and queens. He survived the Second World War while being an actual participant during that horrendous time in Europe. After Soros had made his $ billions he turned to philanthropy and started a foundation, the Open Society Foundations. It was intended to help overcome adverse despotic regimes. He has been a proponent of progressive political policy, which has separated him from the many barons of industry supporting the political right wing in America. He has earned the ire of many on the right wing who have criticized and condemned his valiant efforts for world freedom. Soros has let his action speak as loudly as his words; he has donated $ millions to the election of Hillary Clinton and has offered his help in any economic matter facing the future president.
Soros, Beckham, Clarkson and many others on the side on remaining within the European Union should sway the thinking of those residents in the British Isles for this pivotal vote.
Learn more about George Soros: http://www.biography.com/people/george-soros-20926527