The dollar has survived at least four decades-worth of predictions of its demise. Yet...
Yet Druckenmiller’s views on currencies should not be cavalierly dismissed.
This is the man, after all, who with George Soros “broke” the Bank of England when he made a hugely profitable bet back in 1992 on sterling leaving the European exchange rate mechanism.
The question then is are there circumstances in which what still amounts to dollar dominance suddenly could turn into a dollar rout?
John Plender FT 25 May 2021
https://www.ft.com/content/408d4065-f66d-4368-9095-c6a8743b0d01
Kronkursförsvaret 1992
https://internetional.se/iccab92.htm
Former chancellor Norman Lamont speaks out, 25 years after the UK crashed out of the ERM
He predicted Brexit as far back as the 1990s because he was alarmed at talk of a single currency and political union.
‘My friends said it was just rhetoric, but I realised there was a significant element among European countries that were deadly serious about creating a state called Europe. I personally find that not something I want to live in.
‘I don’t believe you can operate democracy over a multi-lingual, multi-cultural entity, you don’t have the cohesion of society there. I felt this would end in disaster.’
Lord Lamont was UK chancellor of the exchequer 1990-93
Han höll ett anförande inför folkomröstningen 2003, inbjuden av Medborgare mot EMU
http://www.nejtillemu.com/normanlamont.htm
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