Image: Cristiano Betta, Flickr.
Fear and mass panic are known to among the most dangerous threats we face…
And absolute chaos could ensue for currency markets, if the warnings hold true.
Tomorrow is the much feared Brexit vote, and on the eve of such a momentous referendum that could lead to the dissolution of the European Union, there is a great deal of worry as investors feverishly exchanged ‘safe’ currency in case of a destabilization of the British pound or the Euro.
As RT reports:
Thousands of Brits have rushed to buy foreign currency during the last week over fears the pound will drop more than 20 percent if the UK votes to leave the EU.
The Post Office reports sales of currencies are 74 percent higher this week than they were during the same week last year [note: where about 25% of foreign currency exchanges are done in the Britain].
[…]
While many Brits have been steadily buying more foreign currency since the start of May, others have been investing in gold bars and bullion coins.
[…]
Market jitters over a potential Brexit have prompted some online money transfer companies to suspend services temporarily on polling day…
The Post Office has allayed fears of a ‘run on the bank’, reassuring Brits it is well stocked and will not run out of foreign cash.
The global basket of major currencies is already in a phase of potentially major losses, as the dollar faces challenges by a rising yuan and the era of the petrodollar could be coming to an end.
Major players from the banking and elite billionaire world have been chiming in, warning of financial destruction if Brexit should succeed.
For his part, George Soros penned an op-ed eerily titled: “The Brexit crash will make all of you poorer – be warned.“
24 years later Soros is back, and this time he is warning against the kind of devaluation that made him a billionaire and which he believes will be unleashed by Brexit, when in a Guardian Op-Ed he wrote that U.K. voters are “grossly underestimating” the true costs of a vote to leave the EU, saying that there would be an “immediate and dramatic impact on financial markets, investment, prices and jobs.”
He predicts that the pound would decline “precipitously”, seeing a gargantuan drop of at least 15% and possibly >20% to below $1.15. Considering it has now become trendy for analysts to come up with ever “doomier” forecasts of just how low cable would plunge in case of Brexit, we are surprised Soros stopped there.
[…]
It is notable that Soros’ warning comes just days after that of Jacob Rothschild himself who said in another Op-Ed, this time for The Times, that leaving the EU could lead to a “damaging and disorderly situation” in the UK as he urged Britons to vote ‘remain’. Just like Soros, Lord Rothschild, suddenly exhibiting a rare strain of humanitarian concern, said readers should not “risk the wellbeing of our country”and European countries are “better off together”.
He said that “at present we enjoy being a permanent member of the UN security council and we are essential to the G8 and Commonwealth. But diplomacy, defence, the environment and our values of being a liberal democracy will all be at risk” adding that “I can see no good reason why we should accept our playing a diminished role on the world stage,” especially if his own personal fortune would be jeopardized.
Though they are clearly biased, and almost certainly casting fear and doubt in the hopes of preserving the elite-crafted EU structure, they are poised to make new fortunes by exploiting such a split at the expense of the people caught in the middle.
The referendum polls for the Brexit vote are very close, and it is being considered to close to call.
Better prepare your holdings just in case there is an upset in currency stability.
Read more:
Bankers Threaten Brexit “Chaos, Fear and Emergency Measures” But Threat of Collapse Already Exists
Bilderberg’s Elite Worried About Disintegrating EU: “Brexit Possibility Extremely High”
Sensational Murder of MP Leads to Suspension of Brexit Campaign, “Vote in Limbo”
Is Silver Really “Poised to Catch Up To Gold” As Economic Crisis Looms?
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Let it come.
Hey! I have an idea, lets put all our countries together and then elect people *not* from our country to rule us. (EU)
What could possibly go wrong?
Seems to be a race to the bottom in fiat currencies…
Seems to be a race to the bottom in fiat currencies…
A race we can lose.
Not if our criminal government has any say in the matter.
Let The SHIT Fly!
Soros reminds me of the gangsters threatening the honest businessman, “do what we tell you or pay the price”. Soros is a criminal with the ethics of a criminal.
Soros is pure evil incarnate. It would not surprise me if he were a pedophile satanist like so many globalists. (Just google: EU Pedophiles Brussels) The fact that he supports the “Remain” side tells us how good and evil divide on this issue.
The Globalist Currency Manipulator Criminal George Soros is investing in GOLD, not the British Pound. So what does that tell ya??
~WWTI…
I doubt the vote will pass. I can’t imagine votes there are any less of a facade then they are here.
The money powers that be have an interest in keeping this failed experiment called the EU together so that they have control over a single monetary region rather than attempting to control 25-30 smaller regions.
I think Brexit has to happen. I think either allowed or forced. It is a great black swan event for cover. Greg Mannarino thinks everything is getting bought up by central banks through dark pools. If dark pools are needed to cover up how bad it is, then this may be the perfect event for “it wasn’t us, it was Brexit.”
Brexit represents a chance for the Brits to be free from foreign bureaucrats. If only we in America had the same rights to be free from Democrat bureaucrats. Imagine how much wealth many states would have if they could tell the EPA to shove it. How much money could Texas, Arizona, and New Mexico save if they could tell DHS to shove it and closed their borders. I could go on. America is being throttled by big city Democrats who think they think most rural states don’t own their own lands and that the DOI does.
Pound joke???
He puts a dollar in the slot and enters. There is a jogging track with a beautiful naked woman wearing jogging shoes. “Better start running” she says, beckoning him. Excited, he chases her around the track for an hour. Finally he catches her, she… ahem… rewards him… then he steps on the scale. He lost 1 pound!
As he leaves he sees a new sign next door. “Lose 2 pounds for $2”. He pays, enters. This time there are two gorgeous naked women in running shoes. They say “Better start running.” He does, chasing them around the track. Two hours later he catches them. He is doubly… rewarded. On his way out the scale shows he lost 2 pounds!
The man leaves. Sure enough, next door there is a final sign: “Lose 3 pounds for $3.” By now the fat man is exhausted and can barely walk… but he cannot resist. He pays and enters. The door slams shut behind him and locks.
Alone on the running track is a 6’4″ muscular male body builder, naked except for running shoes. The naked athlete points down at his enormous erection, smiles at the fat man and says…
“Better start running.”
Be ready for the HUNGER GAMES as they approach fast!!
The LIBERTY TREE will soon be watered!!
So, Soros is worried about the British exiting the EU? Make it happen, if for no other reason.
Off topic, news, democratic sit in on gun legislation, call (202) 224-3121 to voice your opinion.
Even if it would pass, they won’t “let it” pass. Here is a recent article by Martin Armstrong.
https://www.armstrongeconomics.com/international-news/europes-current-economy/brexit-unexpected-consequences/
Obullshitter spoke there. I think the Brexit will fail, fixed.
The internationalists bankers will punish the UK for breaking with the one world program in an attempt to teach other nations a lesson.
Never forget anything out of that satanic bastard soro’s mouth is pure shit. This is the individual that declared himself to be God, and he acts like he truly believes it. UK for your own national interest get the hell out of the eu.
Every time I see the word Soros I want to puke.
Get ’em, boys!
Let’s hope this passes. The EU can break up once a BREXIT happens, and that would be good for the citizens who live there.
The outlook for the EU in the next decade is serious migration issues, even worse than now. The only way to reverse the trend is to break up the EU and it’s control over the continent. In the long run, the people will benefit.
Leave now, Britain and take your medicine. You will recover in just a bit.
If Greece had left the EU back a few years ago, they would already be past the low point… and on the way to recovery. Instead, they just continue to have their blood sucked.
BRITS ARE NOT BUYING FOREIGN CURRENCY DUE TO BREXIT RISKS!
I know as im in UK NOW!
Things are calm, prices remain the same. Petrol is slightly higher, however that is due to HIGH UK TAX!
what i thought was funny was one of the rothschild are telling people what to do and people dont automatically do the opposite?
Go Britain!
Don’t blame the brits when you hear the results, it’s not that we are that stupid or anything but it’s not us who will be counting the votes.
This 50/50 Bullshit in the polls is not what i am seeing on the ground or in small on-line polls so it’s all a bit of a farce anyway but people can smell the bullshit, it wakes them up
Use fear to make them stay in the Eu it’s the same fear crap the globalists sling. They will be fine if they exit. They need to look at the long term for themselves.
Hope the Brits have the balls to make the break away!Pay the price now.Like we should have done in 2008 Told my brother than it would cost us,let the market correct its self,or it will be worse later!I hate being right.
I wish someone would get rid of Soro,s
If the British Pound or the Euro were to crash, we would already know long ago. Markets move ahead of events, not after the events.
If nothing happened so far, nothing will happen in a few days from now… ABSOLUTELY NOTHING.
If Brexit does happen it is the perfect excuse for the system to crash. The elites are not stupid. They would use this to blame anything and everything that happens next on Brexit. Not the theft of everyone’s wealth that we all know has occurred.
If it does not happen it is because the elites are not ready. In any case the clock is still ticking.
I think they have it covered on both ends. Essentially, the debt has to be burned off one way or another. It is either crash the pound now, or join the Euro and crash the Euro. The escalator goes down either way.
As for the Muslim invasion, ironically that could be better dealt with if there were a pro-European civilization EU, rather than the current corporate lobbying cocktail club. The Brexit guys have already said they would turn to migration from non-European countries, so pick your poison: some Abdul and Mohammed mixed in with hot blondes, French honnies, Eastern European hot boxes, or no Europeans, and lots and lots of people from South Asia, China and Africa. Somehow, I think the angry, white losers would end up regretting what they did one way or another.
if the pound dropping is the price of getting out of the EU then i will be happy to see it.
These horror stories we are reading are not needed because the vote will be fixed when it’s counted anyway and they are just trying to make it not look quite so obvious.
Wages were higher when we were not in the EU and young working class people could buy houses and we had this place called London and not Londonstan so i want out as do a lot more people than the offical polls are sugesting
Congratulations on your victory!
Sorry, I just do not think it will be that significant. It may be blown up and hyped. It may be used to promote another issue.
this is al BS to me, not a single country is allowed to leave.
this is treated written, art 50 is empty.
it’s all bullish for stocks and fuckers in city.
What a load of baloney and hyperbole this article is! Panic buying of foreign currency? Most people find it hard to pay their bills, let alone stockpile EURO notes! Whoever wrote this article couldn’t be bothered to check his facts.
It’s Thursday morning and I’ve just been to vote in the referendum. The polling station had, as usual, more officials than voters in it.
A short walk to the post office revealed the normal quota of old people waiting to buy stamps and such like. The counter clerk said the last couple of days had been no busier than normal. Panic? Methinks not. American hyperbole and scaremongering? Definitely.
Last night, in my local (pub), 3 wide screen TV sets were pumping out government propaganda. The publican had muted them at the request of his regulars. Two were eventually switched over to watch the European football matches (the only interest in Europe most working class British people have).
A quick straw poll revealed more people wishing out of the EU than remain in. Most of my family and friends are for exit. And yet, somehow, I fear we’ll have an American result (rigged like Al Gore’s was). And rigged like your forthcoming election will be.
A nation of muppets and losers: I have lost count how many times the English have ruined their economy by their own hands (world wars, 1970s, 1980s, 1992, 2008 etc.). Have a pint, wait for the bennies to arrive in the post (or by direct debit these days).
The overwhelming fact is this: the economy grew rapidly after opening up to the EU in 1999. Everything got better and more modern. Food is better, service is better, the gene pool has been improved. There has not been a ‘glory’ period in post-war Britain: people fled the place in every year after WWII up until Europeans started coming in and rebuilding the economy. All the people whining are the same bunch of losers who rotted on benefits, or who brawl in the streets drunk.
Frankie you old wrinkly, you’re so out of step, even with your own folk! No one takes you seriously you old pervert. Obviously your own bennies are not working. Go and see nursie, she might give you a quick feel if you don’t dribble too much!
The Globalists and Marxists are using every scare tactic and extortion tactic in the books. If they vote to stay, the English are doomed. It’s over for them. Scotland, Wales and Ireland are in the same boat. They’re voting to continue the extinction event. Continue to flood England with non Europeans and get assimilated by the migrants.
Well we are out of the EU (well coming out) so it looks like the “Out” vote was just too high to be fixed.
The £pound agaist the Euro is doing OK but people will be out on the streets of Europe today and demanding that they too get a vote on leaving.
Turkey can you please hold back them 2 million economic migrant slaves please, just for another 2 weeks so we can put the borders back up or my wages will be falling in the coming months.
My prison cell just got a little bigger, feels good to be out regardless of any panic in the markets or the value of the pound.
Al-Qaeda and the ISIS terror group are the evolved methods of operation that were created by Kermit Roosevelt to overthrow Iranian Ayatollah Khomeini in 1953. The British oil wells were in jeopardy of being nationalized. Kermit used the CIA to organize, fund, and arm the threatened British oil field workers and local political dissidents. Kermit then installed the oppressive Shah. Wall Street obtained partial ownship of the wells for their assistance in funding Kermit.
John Perkins mentions the CIA’s profuse use of the tactic to overthrow nations that will not “go along” in his CONFESSIONS OF ECONOMIC HIT MAN as the accepted MO of the CIA.