George Soros is much maligned for "breaking the Bank of
England". But most ignore the more important fact, that he forced the UK to exit the
European Exchange Rate Mechanism and keep the British Pound, rather than
adopting the Euro. The UK
has enjoyed relative prosperity since then. It was the artificial manipulation
by the Bank of England to conform to the EERM that gave Soros the opportunity to
short the Pound in the first place.
The same thing has been happening in recent months with the
Japanese Yen, allowing Soros to walk away with another 1 billion dollars.
Soros has been a voice in the wilderness attempting to point
out the Central Banks misdeeds that decimate the middle classes, but he has
been successfully vilified by right-wing pundits and politicians whose main
interest is protecting the Central Banks and their Corporate accomplices.
However you feel or have been taught about the man, it would
be wise to listen to his financial advise. He has been right in a big way, time
after time after time.
