George Soros, the billionaire who 'broke' the Bank of England, wins big from Brexit

[DemMomma4Sanders]

Source: Independent

Although the exact amount Mr Soros has gained after Brexit is not known, public filings show he doubled his bets earlier this year that stocks would fall.


Mr Soros had also invested heavily in gold, which has soared in value following the Brexit vote to its highest level since March 2014, as investors sought safe assets.

Prior to the vote, the 85 year-old purchased $264m (£193m) of the world’s largest gold miner, Barrick Gold, and acqured options to buy the GLD exchange-traded fund, which tracks how much gold is worth.

Four days before the result of the referendum, Mr Soros wrote in The Guardian: “A vote for Brexit would make some people very rich – but most voters considerably poorer.

Read more: http://www.independent.co.uk/news/uk/home-news/brexit-latest-george-soros-wins-big-prediction-black-friday-a7102481.html

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We are witnessing calamatous failures of democracy. Fear TRUMPS all, facts and common sense are cast aside as you would useless garbage.

[Chevy]

1. The whole thing is a mess. n/t

[DemMomma4Sanders]

2. It surely is. Sad! Unity shattered!

Parties and drinks all around the Kremlin.

Meanwhile China prefered a United E.U.

[craigmatic]

3. It's not the first time he's profited from bad economic decisions by the Brits.

[lakercub]

5. Good on Soros

By giving the warning that many will get poorer as a result, he appears to be telling people this is bad. So he has a financial stake in things going bad, but he warns people that things are going to go bad all the same. If xenophobes and people dumb enough to fall for the lies of obviously lying right-wingers are dumb enough to shoot themselves in the foot, why not profit from it?

As long as it's not a disaster capitalism situation where he tries to move things along in a direction that benefits him at great cost to the rest of civilization then I have no problem with him making money on this. He bet on stupidity, always a safer bet than it should be.

[Lucky Luciano]

25. I don't think he specifically bet on Brexit.

He was generally bearish...but certainly the probability of Brexit was high enough to play a role in his bet.

[TexasBushwhacker]

6. I wonder how many older folks who voted to leave

to a hit top their retirement savings.

[MisterP]

7. good thing he's backing the Repu--ah, dangit!

[840high]

8. He is not and never will

be in my good book. Can't stand him.

[7962]

12. Me neither. I wont root for a bad guy just because he's "on my side"

Soros is and has been a bad guy from his teens forward. I dont give a shit HOW much he donates to liberal causes.

[840high]

13. I take it you're well aware

of his past history. Thank you.

[7962]

22. Of his methods to getting rich & his acts in war, yes.

Now if you're aware of other things, I'd like to know that as well.

[LiberalLovinLug]

18. I don't get it

If he is on your side and donates to liberal causes, what do you have against him?

Because he's rich? We can't make this a war between rich and poor, it has to more be a war against inequality, corruption, and institutionalized racism and sexism that is ingrained into the system.

[7962]

21. Him being rich has nothing to do with it. I dont WANT his support

Although some of his tactics to BECOMING rich are on my bad side. he's just like MArtin Shkreli in that respect. You know Bernie Sanders returned Shkreli's donations, right?
His excuses for his actions in WW2 are weak at best, and the fact that he doesnt feel any remorse after the fact is even worse.

No, I dont care that someone I find reprehensible donates money to causes I also support. WOuld you want your candidate for Congress to take money from a pedophile? convicted wife beater? Klansman?

[JI7]

20. how is he a bad guy ?

[romanic]

14. Same here.

Soros just strikes me as someone who throws money in the air to distract the masses from his misdeeds. I don't trust that man no matter how liberal he may be.

[840high]

16. Thank you. It goes even deeper for me.

[fleabiscuit]

10. LOL

[George II]

9. Since he gives millions to progressive causes and charities, this is a good thing....

....all the more to give to progressive causes and charities.

[Recursion]

11. Anybody with a gold ETF is happy. If you have a gold ETN... you're kind of screwed

Not surprising Soros called that right, either.

[alcibiades_mystery]

15. Soros argued vociferously against Brexit. That he anticipated the racism and idiocy of supporters

is not particularly surprising.

We do what we can, but the smart money's always on stupidity.

[leveymg]

17. That's why they're called hedge funds.

When he starts shorting US securities and debt, watch out.

[ReRe]

19. George took his tip from the phenomenon

... of Donald Trump over here. The baser instinct of bigotry is white hot over here and he bet on the public in UK to go for "Leave". So, the fear of "unlike persons" in their midst in the UK was more powerful than their own self welfare.

This is the kind of entertainment George likes. Why go to the horse races when you can bet from the comfort of you home, on the fate of people's lives instead of the positive or negative odds of horses or greyhounds or dog fights.

He is a disgusting, vile, evil, old, filthy rich man.

[7962]

23. Yes, he is. nt

[Sunlei]

24. So? this is your last chance to sell off gold and buy something else at 'todays' bargain price?

to late to invest in real estate unless there's a new mortgage bubble being built somewhere like Israel?

How about all the little people who need a bank savings account that pays 2 or 3%?

[Cryptoad]

26. Rich People Bad,,,,, uggh!

[ForgoTheConsequence]

27. KNEE JERK DEFENSE OF A BILLIONAIRE!

Won't somebody please think of the filthy rich?


Keep defending this kind of bullshit and someday it will trickle down to you kiddo!