Prepare For Black Wednesday All Over Again As Europe Looks Like 1992

The Business Insider ^ | 2-5-2010 | Gregory White

[blam]

Prepare For Black Wednesday All Over Again As Europe Looks Like 1992

Gregory White
Feb. 5, 2010, 4:28 PM

This past week has seen Europe swing from one crisis to the next as attention shifted from a flailing Greek government to Portugal's bout with debt.

At the center of this storm is the European Central Bank which has to make key decisions about how it deals with its Euro member states and whether it is willing to bail them out.

Europe has not been faced with such a crisis since Black Wednesday, when the exchange rate mechanism which held together the continent's currencies was challenged by a cash rich Geoge Soros and his hedge fund.

His moves put Britain moments away from meltdown as he short sold the pound to the point where the UK had to exit the agreement or face massive devaluation.

Now with weak links along its southern underbelly, Europe is doing what it can to preserve countries like Greece and Spain amid sovereign debt crises within those states.

[snip]

[qam1]

We never had a black Wednesday here in the USA, so the odds are if a crash is coming, it will be on a Wednesday

[RobRoy]

You know, eventually what has been unwinding the last few years is gonna hit that “day of rekoning”. Is the world there. Is it next month - or next week?

[Frantzie]

Soros always has inside information from moles in govts. POS

[screaminsunshine]

The Plunge Protection Team had to work overtime this afternoon to stop the crash. If it starts sliding tomorrow look out they may not be able to stem the tide.

[TMA62]

What surprises me is that Soros is still around doing these things to other countries. Why he is not in prison is beyound me. Or if one of his targets hedge him instead.

The man is evil. What he has done to country’s currency is crimial. If he were right of center, the left hope make him a poster boy of the evils of capitalism and creed. But since he is a lefty, the dums stand there with their hands open. So much for principals.

[JDoutrider]

Mentioning Soros again...

The sooner that mothaeffer kicks off, the better it will be for all concerned!

[Vermont Lt]

These guys don’t mess around. He does this crap once too often, and he will have an “accident” or an “asthma attack”.

[Blonde]

Is it just me or does the”evil little man” look a little unhealthy? Must be hard trying to destroy the world.

[hennie pennie]

This thread may be of interest to you.

[Chode]

cause that ratfuq knows where the bodies are buried of those that can harm him, prolly still has the shovel for some of them, the rest are paid off/in his pocket...

[mojitojoe]

Damn right!

[SunkenCiv]

Thanks blam.

• "The Euro crisis will come to a head in 2010; total collapse will be headed off by OPEC regimes, which will also start to pick off weak members of the herd to undermine European unity... I agree on the gold price (will go so far as to suggest a price under $850) and will add that it is just another commodity... Crude oil is priced in Euros (this has been going on for years already), so a drop in the price of the Euro will mean a drop in the price of crude (as the dollar rises), necessitating OPEC intervention in the EU economy; that should mean a lift in the US economy, but the Demwits have poisoned it." -- Perdogg Predictions 2010 (msg 43)

[SunkenCiv]

I just hope there’s video of it, because I want to watch it over and over.

[hinckley buzzard]

Well the markets are closed tomorrow so they will take a breather till Monday. But you are right, the action today was transparently artificial. Dow 10,000 is clearly a fireline and it is about to be crossed. Time to put the Dow.

[hinckley buzzard]

Yes. In a manlier and simpler age some Patriot would have had a question and answer session with this worldwide druglord a long time ago.

[expatpat]

If it starts sliding on a Saturday, we’re really in trouble......