GBP-USD ATTENTION!!!!

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RuGO
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Postby RuGO » Sun Apr 22, 2007 12:07 am

Luschile, I can help you with Septembe 1992 :twisted:

Do a search on George Soros (the man who brought down the Bank of England)!

I don't believe the circumstances are even close to being the same :!: However, it will be time well spent as the story is a cliffhanger.

...and since we're all on the path to enlightenment, there's a series of articles here that could offer a perspective.

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Gert Frobe
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Postby Gert Frobe » Mon Apr 23, 2007 2:57 pm

1981 was a peak in oil prices and the US drove down the dollar the only thing we are missing is paul volker running the fed and pushing up intrest rates to crush the inflation. but hay, the us goverment says we dont really have that much inflation in the core cpi (save oil) on a basket of products that people havent bought as staples in 30 years. instead of looking at the cost of butter they need to look at the cost of fast food and eating out for household inflation.

sorry about that, im really not a doom and glummer type of guy.

airball

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Patch
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Postby Patch » Tue Apr 24, 2007 2:30 am

Luischile

Per ReGO, definitely look up Soros. On September 16, 1992, George made over one billion dollars, one source said 1.2 billion. Either is a grand sum. He was shorting the GBP while the Bank of England was propping it up and blew out their reserves. The pound and England were out of the European Common Market while Soros made a trillion and history.

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