The Global Monetary System Is Collapsing
By Sean Goldsmith
Growthstockwire.com
Thursday, June 30, 2016
We have just seen the first major domino fall in the shell game of fiat currency.
Last week, Great Britain voted to leave the European Union (“EU”). And the nation’s highest officeholder – Prime Minister David Cameron – resigned.
The EU, the world’s largest economy, has failed.
Hopefully you’ve heeded our multiple calls for you to raise cash and buy gold. If so, you’ve made a fortune in the past two months. If not, we will urge you once again. It’s not too late… At least, not yet.
In one of our many writings about the coming economic collapse, we highlighted the recent moves by billionaire hedge-fund manager George Soros.
The 85-year-old came out of retirement this January to direct his firm’s investments. According to the Wall Street Journal, he was “lured” back to the helm of Soros Fund Management “by opportunities to profit from what he sees as coming economic troubles.”
Soros bought hundreds of millions of dollars’ worth of gold and made a massive short bet on the S&P 500. Think about that for a moment…
One of the world’s wealthiest investors (who is famous for his understanding of financial markets) came out of retirement at 85 to go massively long gold and massively short stocks. Perhaps he thought the coming crash would be the “Big One.”
Ironically, Soros made a name for himself when he made $1 billion shorting the pound – and “breaking the Bank of England” – in a single day in 1992. Soros borrowed $10 billion to bet against the pound, which pushed down the value of the currency.
And despite the Bank of England’s best effort, it couldn’t stop the bloodshed. It unpegged the pound from the German Deutsche mark (a fixed-currency arrangement called the European Exchange Rate Mechanism).
The Rest…HERE
