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> so bankers could have their fun I don't think the Bank of England was having fun, they were under political pressure. > This is so evil on so many levels, t
by unmole 4y ago
> so bankers could have their fun
I don't think the Bank of England was having fun, they were under political pressure.
> This is so evil on so many levels, that few people in suits can have such an impact of whole country finances.
Absolutely, it's immoral for central banks to manipulate currency markets. It only strengthens the argument for central banks to have defined mandates and be free from political interference.
> We all believe in a dream that it’s competition and market prices that drive economy, and then this happens.
Well, the BoE tried to enforce its will on the market and predictably failed. Once the charade ended, inflation came down over the next years the British economy recovered from the recession it was in before the event.
Wait, you don't actually blame Soros for this, do you?
- sgt101 4y agoI think Soros did us a service. He also doesn't seem to be too terrible a person in terms of what has happened to the money he made (legitimately IMO) either.