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George Soros Warns European Union is Going Down in 3 Months

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Soros understands the price movements of currencies better than anyone else. This is how he became a multi-billionaire. He has used massive leverage -- extremely high risk -- to speculate in the currency futures markets, often taking the opposite side of trades with central banks. When a man has enough wisdom to beat the currency futures markets, I give him credit. He knows something about currencies. In a recent essay, he points out that the 2008 crisis created a new realization that there is no consensus about economic theory. He insists that "economic theory has failed."

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