Epic Battle: Hedge Funds Versus China - By John Rubino (3/2/16) PDF Print E-mail
John Rubino   
Wednesday, 03 February 2016 07:43

Dollarcollapse.com

George Soros’ successful bet against the British pound back in 1992 remains one of financial history’s epic tales.

The short version of the story begins with Britain linking its currency, the pound, to the German deutschmark via the European Exchange Rate Mechanism (ERM). But Britain’s inflation rate was higher than Germany’s, which created a growing mismatch between the currencies’ real value.

In order to maintain the peg Britain raised interest rates and spent its foreign exchange reserves. But hedge funds, with Soros in the lead, sensed imminent failure and placed big bets against the pound. They were right: After some official bluster and shrill denials, Britain was in the end forced to withdraw from the ESM and devalue its currency, thus making fortunes for its hedge fund tormentors ($1 billion for Soros alone).

Now fast forward to 2016. China has pegged its currency, the yuan, to the US dollar, but as the dollar rises — taking the yuan along with it — China’s economy is slowing down and many believe the only way to stop the slide is to devalue. Some high-profile hedge funds (including an older but apparently still bold Soros) now view China as another Great Britain and are trying for a replay by shorting the yuan.



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S&P Just Downgraded 10 Of The Biggest US Energy Companies - By Tyler Durden (3/2/16) PDF Print E-mail
Tyler Durden   
Wednesday, 03 February 2016 07:42

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The End Of Plan A: The Big Reset & $8000 Gold - By Tyler Durden (2/2/16) PDF Print E-mail
Tyler Durden   
Tuesday, 02 February 2016 09:03

Zero Hedge

Willem Middlekoop, author of The Big Reset – The War On Gold And The Financial Endgame, believes the current international monetary system has entered its last term and is up for a reset.

Having predicted the collapse of the real estate market in 2006, (while Ben Bernanke didn't), see the first video below:





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Last Updated on Tuesday, 02 February 2016 09:10
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Market Swings Expose Central Banks' Limits - By Mohamed A. El-Erian (2/2/16) PDF Print E-mail
Mohamed A. El-Erian   
Tuesday, 02 February 2016 07:43

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Xi Extends Belt And Road To War-Torn Mideast - By William Jones (2/2/16) PDF Print E-mail
William Jones   
Tuesday, 02 February 2016 07:41

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