Any leftists/socialists/communists here?

TimeFlipper

Senior Member
Messages
13,705
The UK should thank Soros for what he did in 1992 when he brought the Bank Of England down to its knees and made a few billions of pounds (£) for himself in the process...The UK had entered what was called the Exchange Rate Mechanism (ERM), where every country in Europe decided to align their own currencies along with each other, and it was called the fixed rate exchange..(the precursor to the fascist EU!!)

That system worked very well for 18 months, until recession hit Europe... Soros had used the fixed rate exchange to his advantage which cost the Bank Of England several billion pounds of taxpayers money because we could not let our "£" adjust itself to market conditions as it was fixed...Then our "wonderful" Prime Minister at the time suddenly realised that he had to leave the ERM and allow the "£" to "float" on the markets, as it had done previously...
 

TimeFlipper

Senior Member
Messages
13,705
@TimeFlipper - When you say your country should "thank" Soros, you really mean blame, don't you? Sarcasm?
No, i really meant we should thank him for ensuring that we never dropped our own £ in favour of that Mickey Mouse money they call the euro, because that was where it was leading to..Our whole economic stability has been built around our own floating currency, (£) if we had adopted the euro, it would have meant economic disaster for the UK..
 

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