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thecrashingisles

Reuters Declares Soros Dead Prematurely

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http://www.reuters.com/article/2013/04/18/soros-george-b-aug-idUSL2N0CR1TF20130418

George Soros, enigmatic financier, liberal philanthropist dies at XX

By Todd Eastham

WASHINGTON, XXX | Thu Apr 18, 2013 5:41pm EDT

(Reuters) - George Soros, who died XXX at age XXX, was a predatory and hugely successful financier and investor, who argued paradoxically for years against the same sort of free-wheeling capitalism that made him billions.

He was known as "the man who broke the Bank of England" for selling short the British pound in 1992 and helping force the United Kingdom to withdraw from the European Exchange Rate Mechanism, which devalued the pound and earned Soros more than $1 billion.

And his Soros Fund Management was widely blamed for helping trigger the Asian financial crisis of 1997, by selling short the Thai baht and Malaysian ringgit.

"Subsequently, Prime Minister Mahatir of Malaysia accused me of causing the crisis, a wholly unfounded accusation," Soros wrote in The Crisis of Global Capitalism: Open Society Endangered," in 1998.

"We were not sellers of the currency during or several months before the crisis; on the contrary ... we were purchasing ringgits to realize profits on our earlier speculation."

Edited by thecrashingisles

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  • 242 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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