Breaking Bank of England in 1992 arguably set off wave of Euroscepticism that would engulf British politics
In the US, Soros is loathed by many Republicans. In part, that is because he has never had, but it is also because as a billionaire, Democrat-backing Jewish supporter of globalisation, he has become fodder for a host of increasingly wild antisemitic conspiracy theories.
Popper’s insight helped Soros develop a critique of financial markets known as reflexivity: that far from being perfectly rational, investors based their decisions on a perception of reality. These decisions then altered the reality through a feedback loop. Soros says his belief in reflexivity meant he was able to successfully predict the 2008 global financial crisis.
Britain had joined the ERM less than two years earlier and was committed to keeping the pound within a set band against the German mark. The orthodox way of supporting a currency is to raise interest rates, but they were already at 10% at a time when unemployment stood at more than 3 million.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
George Soros hands control of multi-billion foundation to sonGeorge Soros, 92, hands over reins of Open Society Foundations to ‘more political’ 37-year-old
Read more »
Police arrest British man free-climbing South Korean skyscraperMan identified locally as George King-Thompson, who was previously jailed after free-climbing London’s Shard
Read more »
‘Why is Bridgerton’s race twisting acceptable?’ The real problem with the show’s Black fantasyBridgerton’s Queen Charlotte and its imitators have been praised for bringing diversity to the very white world of historical drama. But could these Black fantasies actually be dangerous?
Read more »