Liberal Forum

righteous » 22 Dec 2024, 11:30 pm » wrote: ↑

22 Dec 2024, 11:30 pm

IT WAS THE PSYCHOTIC KHAZARIAN JEW COCKSUCKER GEORGE SOROS THAT MADE POPULAR THE TERM "BLACK WEDNESDAY". ON SEPTEMBER 16, 1992.
     THE "ERM" OR EXCHANGE RATE MECHANISM WAS INTRODUCED IN THE 1970'S TO STABILIZE EUROPEAN CURRENCIES BEFORE THE INTRODUCTION OF THE EURO. AT THE TIME THE POUND WAS DEPRECIATING AND THE GOVERNMENT TOOK STEPS TO BOLSTER IT. SOROS BELIEVED IT WOULD FAIL AND ACCUMULATED A LARGE SHORT POSITION AGAINST THE BRITISH CURRENCY. SOROS SPOKE OUT PUBLICLY CAUSING SPECULATORS TO BET AGAINST THE POUND. 
    THE DAY BEFORE BLACK WEDNESDAY, SOROS' QUANTUM FUND BEGAN SELLING LARGE AMOUNTS OF POUNDS ON THE MARKET, CAUSING THE PRICE TO PLUMMET FURTHER. ALTHOUGH THE BANK OF ENGLAND TOOK STEPS TO STEM THE SELL-OFF, IT WAS UNSUCCESSFUL.     ON BLACK WEDNESDAY, THE BANK OF ENGLAND DECLARED THAT THE UK WOULD LEAVE THE EUROPEAN ERM.BECAUSE OF HIS ROLE IN BLACK WEDNESDAY, GEORGE SOROS BECAME KNOWN FOR "BREAKING THE BANK OF ENGLAND". IT HAS BEEN REPORTED HE MADE A $1 BILLION THAT DAY

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