Tuesday, March 30, 2010
Profit from the coming crash of the euro!
When world famous speculator George Soros made one billion dollars back in 1992 he bet that the British Pound would plummet. He knew that Britain would be forced to pull out of the Exchange Rate Mechanism, a system of fixed exchange rates that existed in Europe at the time. Pressures had been mounting in the British economy and it was forced to de-peg its currency from the other European currencies and allow it to float freely in order to avoid skyrocketing interest rates and an economic crash.
Soros shorted the Pound and cleaned up to the tune of ONE BILLION DOLLARS!
A similar thing is about to happen with the euro, only much, much, bigger!