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Although it stood apart from European currencies, the British pound had shadowed the German mark in the period leading up to the 1990s. Unfortunately, the desire to "keep up with the Joneses" left Britain with low interest rates and high inflation. Britain entered the ERM with the express desire to keep its currency above 2.7 marks to the pound. This was fundamentally unsound because Britain's inflation rate was many times that of Germany's.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
Soros just took advantage of incompetence of the British Govt which led to overvalued currency, he was totally legald in what he did, very different situation here - clear fraud
Oh dear Mk II... someone can't be bothered with facts. In the opening statement of appended video the story teller says 'Bitfinex the top trading volume of Bitcoin'
Oh dear Mk II... someone can't be bothered with facts. In the opening statement of appended video the story teller says 'Bitfinex the top trading volume of Bitcoin'
1. They are fraudsters themselves
2. They stuck a large amount of real money into this scam market and are trying to talk it back up
3. They are on the cretinous side of the stupid spectrum
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