Everyone is using the term Brexit to talk about the UK leaving the EU, but George Soros is very concerned about how this will happen. He knows that a lot of people are going to be voting on this issue without all the information they need, and it is very important for people to remember that there could be a major economic issue if this problem is not solved in the right way. A USA Today piece talks about what George Soros believes the issue is, and he makes good points for everyone in the UK to read.
The problem with the UK leaving the EU for George Soros is that trade and commerce will slow down. He made his billions speculating on currency, but he is still very concerned about how people are going to make money if the UK is cut off from the rest of the EU. He can see currency speculation change completely, and he also thinks that it is possible that all the people who are going to be voting to leave do not know how much their own jobs will be impacted.
Brexit wound: UK vote makes EU decline ‘practically irreversible’, Soros says
George Soros – Project Syndicate
George Soros is one of the richest people in the world, and he wants to make sure that other people can hold onto their wealth in just the same way that he would. He believes that he would be in much better position if the UK stayed in the EU. He is investing his money just like everyone else, and he is also someone who would be investing a small amount of money does not want to lose it just because this Brexit went through. The vote could change the lives of millions of people, and it has just as much to do with commerce as it does with anything else.
George Soros is begging the people of the world to make their way to a place where they can accept that their voting choices have an impact on the economy. He is hoping that the people of the UK will listen as he asks them to not make choices that would make it hard for them to stay in the EU. They do not have time to mess around with their economy at such a crucial time.
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George soros is predicting on a catastrophe that will hit the financial world as well as the economics of the globe this year that resembles the one we experienced in the year 2008. He predicts that the world of economics will be hit by a crisis that will affect the entire world and the source will be from specifically china that does not know how to handle such crisis and is now set to achieve a crisis through means that will harm the economy of the world at large and that they have a great determination and will as well as the means to achieve that which is in their power.
China is now on a way that is assumed to help it find that old model that will help it achieve redemption to their devaluating and depreciating yuan Chinas currency. They will therefore transfer that problem to the rest of the world to bear it together with it. There is a great challenge that they will face when they want to return to their usual positive rates in interests and this is a major challenge that is being faced by the developing worlds and this will really add up top the great general similarities as well as the in depth similarities to the crisis that we had in 2008.
Commodity, new stock as well as the new currency in the market today is all under total fire and blaze in the very first week of the beginning of this year. This was realized as the Chinas yuan currency was sinking and depreciating. More than the two point five trillion in shillings were added to the trade markets and now relaxed in more in the entire world. The money was slashed from the economy of china throught Wednesday.
China has one big problem that they need to manage and that is to adjust vividly to their problems as it was explained by George Soros. This will therefore amount to a big crisis as it is put forward by the liberal billionaire and philanthropist. When he has a great look and keen look at this crisis he says that it is a clear indication that it is very similar to what we had in the year 2008 financial and economic crisis.
Soros has warned of a catastrophe that will hit the world that is similar to the one that we experienced in the year 2008. In 2011, he remembers to have said these words in a panel that was organized by investors in Washington. He even said that the crisis will be more serious than the one the world experienced in the year 2008.