Our hedge funds prosper while inequality thrives

The biggest ever speculative raid on any currency was launched against the euro last Wednesday, according to the Financial Times.

13th February, 2010

The biggest ever speculative raid on any currency was launched against the euro last Wednesday, according to the Financial Times.

It was the kind of raid that George Soros undertook in 1992 against sterling, which precipitated the devaluation of that currency and its exit from the EU exchange rate mechanism.

Massive gains will be made by a few hedge fund operators in the next few months as the global financial crisis worsens. Huge profits will be...

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