George Soros, the billionaire who earned fame by betting against the pound in 1992, said that a British vote on Thursday to leave the European Union would trigger a bigger and more disruptive sterling devaluation than the fall on Black Wednesday.Soros used Quantum Fund in 1992 to bet successfully that sterling was overvalued against the Deutsche Mark, forcing then-Prime Minister John Major to pull the pound out of the European Exchange Rate Mechanism (ERM). Soros, in an opinion piece in the Guardian newspaper, said that in the event of a British exit, or Brexit, the pound would fall by at least 15 percent, and possibly more than 20 percent, to below $1.15 from its current level of around $1.46. “The value of the pound would decline precipitously. It would also have an immediate and dramatic impact on financial markets, investment, prices and jobs,” Soros, who is 85, said in the Guardian. “I would expect this devaluation to be bigger and also more disruptive than the 15 percent devaluation that occurred in September 1992, when I was fortunate enough to make a substantial profit for my hedge fund investors.” Speculators, Soros said, would be eager to exploit a Brexit situation to profit. “Today, there are speculative forces in the markets much bigger and more powerful. And they will be eager to exploit any miscalculations by the British government or British voters,” Soros said. “Brexit would make some people very rich – but most voters considerably poorer,” Soros said. If Soros is against the Brexit, it would make it all the more reason to leave the EU. The global elite for the past week are starting to realize that Brexit would be a major deathblow to the plans of globalism. If the UK leaves that would mean perhaps trillions of dollars lost in the Britain Markets. The good thing is though that the UK it will mean that the United Kingdom would get back it's sovereignty, and it's not like the country will go broke since the UK is the only nation in the EU whose currency didn't collapse with the creation of the Euro. George Soros being against the Brexit, should only start to mean the world starts to support it in record numbers.