In a vote heard ‘round the world, Britain chose to declare its own sovereignty and leave the European Union.
Prior to the vote, liberal billionaire George Soros spoke out against Britain leaving the EU, but MarketWatch reported on Friday that the his recent investments have been based on “wagers that stocks will tumble.” That was the likely short-term aftermath of Brexit (CNBC’s Rick Santelli explained the British economy will need time for “recalculating” after getting on “the right road”).
While Soros wrote in The Guardian on June 20, “The Brexit Crash Will Make All Of You Poorer -- Be Warned,” he himself is set to make bank now that Brexit has passed. And this isn’t the first time he’s benefited from a change in Britain’s financial situation.
“Soros is famous for breaking the Bank of England -- and lining his pockets -- in 1992 with his bet against the British pound,” MarketWatch markets editor, Mark DeCambre wrote on June 24.
That time, Soros had bet against the pound to the tune of $1.5 billion, which he then pocketed in just one month, Forbes Magazine recounted in June 2015. Soros reportedly instructed his hedge fund minions to “go for the jugular” and sell off the pound until the Bank of England all but collapsed, and interest rates spiked by 2 percent in one day.
Soros, of course, it not just known for meddling in Britain’s politics. He and his foundations were banned from Russia a second time in December, 2015 for being a “threat to the foundations of the constitutional system.”
In the United States, Soros’ influence can be found everywhere from the FCC, to the Black Lives Matter protest movement, and even in President Obama’s most recent Supreme Court nominee.
Media organizations in the United States and abroad have also gotten over $52 million from Soros to advance his liberal policies, and his influence is woven throughout Columbia University’s Graduate School of Journalism, one of the most prominent journalism schools in America.
