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Originally posted by SpaceMonkeys
Found an interesting article on Gordon Brown's budget announcement on the 24th. Brown is warning that the economic storm is not over which is interesting because he's always harping on about how he's saved the economy.
news.bbc.co.uk...
[edit on 10-3-2010 by SpaceMonkeys]
Obamanomics a re-run of the crash of 1345?
Are we about to see a re-run of 1345AD, the biggest banking crash in history?
The bankers from Venice and Florence built up a banking system that went quasi-global, encompassing banking from England to China and involving large scale manipulation to destroy national Governments and create a new one-world Government based on the equivalent of Credit Default Swaps and paper-based credit.
By 1342, many of the smaller banks collapsed and were shored up with public funds as they were considered "Too bug to fail"
Finally, in 1345AD, the Bardi and Peruzzi banks failed spectacularly after England who had been running a super-costly occupation of France went spectacularly bankrupt and defaulted on it vast debt under King Edward III.
Soros was thirteen years old in March 1944 when Nazi Germany took military control over Hungary.[15] Soros worked for the Jewish Council,[8] which had been established during the Nazi occupation of Hungary to forcibly carry out Nazi and Hungarian government anti-Jewish measures. Soros later described this time to writer Michael Lewis:
The Jewish Council asked the little kids to hand out the deportation notices. I was told to go to the Jewish Council. And there I was given these small slips of paper...It said report to the rabbi seminary at 9 a.m....And I was given this list of names. I took this piece of paper to my father. He instantly recognized it. This was a list of Hungarian Jewish lawyers. He said, "You deliver the slips of paper and tell the people that if they report they will be deported.[16]
To avoid his son's being apprehended by the Nazis, Soros's father paid a Ministry of Agriculture employee to have Soros spend the summer of 1944 living with him and posing as the godson. Young Soros had to hide his Jewishness even as the official was overseeing the confiscation of Jewish property.[17]
In the following year, Soros survived the battle of Budapest in which Soviet and German forces fought house-to-house through the city. Soros first traded currencies and jewelry during the Hungarian hyperinflation of 1945–1946.
Soros emigrated to England in 1947 and graduated from the London School of Economics in 1952. While a student of the philosopher Karl Popper, Soros worked as a railway porter and as a waiter. A university tutor requested aid for Soros, and he received 40 pounds from a Quaker charity.[18] He eventually secured an entry-level position with London merchant bank Singer & Friedlander.
[
Business
Soros is the founder of Soros Fund Management. In 1970 he co-founded the Quantum Fund with Jim Rogers, which created the bulk of the Soros fortune. Rogers retired from the fund in 1980. Other partners have included Victor Niederhoffer and Stanley Druckenmiller.
In 2007, the Quantum Fund returned almost 32%, netting Soros $2.9 billion.[20]
Currency speculation
On Black Wednesday (September 16, 1992), Soros's fund sold short more than $10 billion worth of pounds sterling[citation needed], profiting from the Bank of England's reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.
Finally, the Bank of England withdrew the currency from the European Exchange Rate Mechanism, devaluing the pound sterling, and Soros earned an estimated US$ 1.1 billion in the process. He was dubbed "the man who broke the Bank of England." In 1997, the UK Treasury estimated the cost of Black Wednesday at £3.4 billion.
Originally posted by themagoo
reply to post by aristocrat2
Text
So what, it has happened before and it will happen again.
In twenty years time the world economy will have doubled to what is was pre-crash, nobody will care, im sick of caring, all im going to do is look out for me and my loved ones and to heck with everybody else, let the crash come.
Originally posted by aristocrat2
24th March 2010 - Start of a massive worldwide Stock and Bond market crash worldwide.
Originally posted by sm403
i would also like a link to a source or some references but for the most part i do agree with you and me and my family have been preparing for something to happen just dont know if it will be that soon though