BOOKS THAT PREDICTED THE FUTURE

George Orwell’s famous 1984 described an all-seeing state capable of watching our every move – of course, this would be some far-off dystopian vision of the future, right?

Well, old George’s prediction is very much in evidence now, with security cameras, internet tracking and the like – and a surprising amount of other writers have been able to predict the future with unerring accuracy.

This brilliant infographic, made by printerinks.com, shows various fictional predictions that ended up coming true, and the time that lapsed between forecast and reality – click on it to see a bigger version.

Having said all this – if they were that good at predicting the future, they could have made a fortune on the football pools, so maybe they were using their talents in the wrong area.

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Market news week 20-23 May 2014

 

Australia Monday, May 20, 2014 03:30    

AUD RBA Meeting’s Minutes
United Kingdom

 

Tuesday, May 20, 2014 10:30

 

 
    GBP Core Consumer Price Index (YoY) (Apr)
 United Kingdom

 

 

Tuesday, May 20, 2014

 

10:30

 

 
 
  GBP Consumer Price Index (YoY) (Apr)
 Japan

 

Wednesday, May 21, 2014 05:00

 

 
     JPY BoJ Monetary Policy Statement
 

Japan

Wednesday, May 21, 2014

 

05:00

 

 
 
JPY BoJ Interest Rate Decision

 

 

 Japan Wednesday, May 21, 2014 n/a

 

 
   JPY BoJ Press Conference
United Kingdom

 

Wednesday, May 21, 2014 10:30

 

 
   GBP Bank of England Minutes
United Kingdom  

Wednesday, May 21, 2014

10:30

 

 
   GBP BOE MPC Vote Cut
 United Kingdom  

Wednesday, May 21, 2014

10:30

 

 
   GBP BOE MPC Vote Hike
 United Kingdom Wednesday, May 21, 2014  10:30

 

 
   GBP  BOE MPC Vote Unchanged
United Kingdom Wednesday, May 21, 2014 10:30  
GBP Retail Sales (YoY) (Apr)
United States  Wednesday, May 21, 2014

 

20:00  
USD FOMC Minutes
China Thursday, May 22, 2014

 

03:45    

CNY HSBC Manufacturing PMI (May)Preliminar
Germany Thursday, May 22, 2014

 

09:30    

EUR Markit Services PMI (May)Preliminar
United Kingdom Thursday, May 22, 2014

 

10:30  
GBP Gross Domestic Product (YoY) (Q1)Preliminar
United Kingdom Thursday, May 22, 2014

 

 10:30  
GBP Gross Domestic Product (QoQ) (Q1)Preliminar
United Kingdom Thursday, May 22, 2014

 

10:30    

GBP Gross Domestic Product (QoQ) (Q1)Preliminar
Canada Thursday, May 22, 2014

 

14:30    

CAD Retail Sales (MoM) (Mar)
United States Thursday, May 22, 2014

 

16:00  
USD New Home Sales (MoM) (Apr)
Germany Friday, May 23, 2014 10:00    

EUR IFO – Business Climate (May)
 Canada Friday, May 23, 2014

 

14:30  
CAD Consumer Price Index (YoY) (Apr)
 Canada Friday, May 23, 2014

 

 14:30  
CAD Consumer Price Index (MoM) (Apr)
United States Friday, May 23, 2014 16:00  
USD New Home Sales Change (MoM) (Apr)

 

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When George Soros Broke the British Pound

In 1992, George Soros brought the Bank of England to its knees. In the process, he pocketed over a billion dollars. Making a billion dollars is by all accounts pretty cool. But demolishing the monetary system of Great Britain in a single day with an elegantly constructed bet against its currency? That’s the stuff of legends.

Though just two decades ago, Soros made his nation-shaking bet in a very different time. Back then, hedge funds hadn’t yet entered the public consciousness, restrictions on capital flowing from one country to another were just lifted, and the era of the 24 hours a day news cycle had just begun.

To appreciate how Soros made a fortune betting against the British pound requires some knowledge of how exchange rates between countries work, the macroeconomic tools governments use to stimulate economies, and how hedge funds make money. Our readers are invited to correct us if we stumble in explaining any of these concepts.

And so onwards with the story of how George Soros led a group of traders to break the entire foreign currency system of Great Britain and profit handsomely at the expense of British taxpayers and others who were on the wrong side of the greatest financial bet of the 20th century.

Read more here : http://priceonomics.com

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Watch them on http://www.vox.com/

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