While the world is becoming a chaotic place for the financial realm, it is about to become far more complex. At least, that is what George Soros is preaching and he is hoping that those in charge are listening. While the British powers are preparing for a vote to possibly exit, many top individuals including George Soros are hoping that Britain votes to stay in the European Union and is predicting doom and gloom if they do in fact decide to leave. While there may not be full evidence of what could happen regardless of their upcoming decision, it is imperative to listen to those such as Soros who have had significant insight into these types of issues in the past.
George Soros is an individual who has had considerable success in the markets. However, when you think about the reason that Soros has been so successful, it has not been for a given strategy, a big bet, or even that he has significant understanding of financial formulas and has access to proprietary information. George Soros has found himself making significant moves that pay off simply because he combines common sense with an understanding of economics and then takes a position based upon what can happen.
George Soros is now trying to tell individuals everywhere that there is a very strong chance the markets could take a significant tumble if Britain exits the the market. There could not only be major ramifications that could be bad for Britain and for the European Union, but many individuals including David Beckham are calling for Britain to stay because the effects could be felt all around the globe. When you imagine the power of Great Britain and the influence that the European Union has in general, it could be a major problem if this situation isn’t handled correctly. That’s exactly why Soros and others are so worried and are calling for this situation be remedied in a way that won’t result in a financial catastrophe.
Regardless of whether your believe George Soros or not, and regardless of whether you think this move will effect the markets as greatly as he is saying, you do need to pay attention to what could happen. After all, if the world is about to be in the middle of another financial crisis there could be a major problem on the horizon for the unforeseeable future. If there is even a hint of a chance that Soros is correct, now is the time to start making plans for the worst case and now is the time that you would want to put yourself in position to get ahead. George Soros may not be a fortune teller, but there is a realistic possibility he could be very right on the impending doom and gloom.
Learn more about George Soros: http://www.nybooks.com/articles/2016/02/11/europe-verge-collapse-interview/No Comments on George Soros Giving Warnings on the Brexit