(04-02-2023, 02:49 PM)The Real Marty Wrote: I've been reading up on Soros and his bet against the British pound, and I can't see where what he did was wrong.  He correctly perceived that the British pound was mis-priced against other currencies, he shorted the pound, and made a billion dollars.  I can't see anything he did in that case that was illegal or immoral.  Most articles I've read seem to think what he did was actually beneficial to the British economy. 

I don't agree with his political views at all, I will say that.

Let's see if I can explain this. One of the requirements of the European Exchange Rate Mechanism was that a country needed to keep their currency at a set value. Right? So, if a currency went under a certain value, the government had to do something about it. When GB got close to that mark, Soros and his cronies took up a MASSIVE short position against it, which led to rapid depreciation. Because England had to follow the rules, they used their foreign currency reserve to start buying pounds in markets where there was a sell-off (brought on by the huge short and rapid depreciation), and they raised their interest rates to 10% (affecting the British people). England had to remove itself from the European exchange or face a full collapse. 

This was an intentional crashing of the pound by billionaires so that they could get rich. It sent a whole country into a recession. From what I understand, Germany could have helped England by buying their currency, but chose not to (which is how China saved Hong Kong). However, the fault is with these billionaires who intentionally pushed it over the edge. Several people/firms had a short position against the pound in the off chance it failed, but none of them were big enough [BLEEP] to try to manipulate the market in such a way that would intentionally undermine the efforts of the government to resolve the issue. That was Soros and his buddy. And they did it for greed. 

What's ok about that, Marty? That it's not illegal? He manipulated markets and sent 15 different nations into massive recessions. How many people did that guy hurt for profit? Now he's "The Philanthropist?" Just because he buys the media and donated most of his money to non-profit charities, that just happen to be largely political? He's telling you what his policies are, and he's trying to make a global government, one in which he has massive amounts of influence. Who in their right mind would trust this guy? You think he wouldn't do the same thing to us?

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(04-02-2023, 11:57 AM)mikesez Wrote: Cool.
Now do Trump.
Now do Rockefellar.
Now do Bush.

I don't have to, dummy. I'm not the one that's pro billionaire.

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