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Brexit

Someone explain to me: if the pound implodes

4 replies

Frownette · 01/02/2020 00:24

How does this benefit the likes of Rees Mogg, Johnson etc? I hear it mentioned a lot

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MrsTerryPratchett · 01/02/2020 03:21

There really isn't an easy way to explain how people play the international monetary system. If you are really interested, read about the Asian financial crisis of 1997 and a book called A Fate Worse Than Debt. Neither will tell you about Brexit, but you'll understand the concept of making money from poverty.

Which is why people shouldn't be given a yes/no vote on things that the average person knows nothing about.

MrsTerryPratchett · 01/02/2020 03:26

And make sure you check out George Soros' role in Brexit and the Asian crisis.

jjjnnnnnrrssss · 01/02/2020 04:26

Their investments aren't in pounds, and they can move their stronger foreign currency in when the pound drops to make themselves richer at home.

Frownette · 01/02/2020 06:27

Thanks - I read some articles on the Asian financial crisis and that wasn't very clear, then I read about George Soros and that was clear. I'll get hold of the book.

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