Currency speculators will lose. I dont remember the details but the Goldmanites tried this crap with some Eastern European currencies a while back and lost their shirts. I think the Euros slowed down trading due to computer 'glitches' or 'power outage at the exchange' and only satisfied small orders by hand. All the high frequency orders were shafted lol. If someone remembers the detail please chime in. Might have been Hungary and or Poland.
From what I remember I think Goldman had taken out large loans in the local currency and then tried to dump the cash to devalue the currency so they could buy back when it went far lower than what they sold at in the beginning of trying to trigger a panic. But these loans had high rates and the slowdown prevented them from causing a substantial dip or cashing out of their positions and well they lost a lot of money.
I think the local banks had notified the finance ministry of these large loans taken in the local currency and then they set the trap for the Goldmanites. I think this is because they had gotten burned badly before in the beginning with the fall of the Wall and had learned how the schmucks operate. The Asian tigers learned also.
In reply to They're going to seek… by GlassHouse101
Hope he is smart the way the play happened in Eastern Europe is...
Goldman went in and say took out a loan of 1 billion Forint (Hungarian currency). Lets say 1 Forint = 1 US dollar to make it simple. Now say Goldman dumps the 1 billion forints on the markets on 'day one' and of course gets back 1 billion dollars. But the panic they triggered now sees 1 dollar buy 10 forints on 'day two', because the Forints have lost value/depreciated vs the USA dollar due to the panicked Hungarians trying to cash their Forints ('kept in mattresses') in for USA dollars. Goldman goes in at this trough and for one hundred million dollars buy one billion Forints and pays off its loan plus interest etc. But it now has made 900 million dollars in profit.
Triggering panics is an old game and was done by the Schmuck Rothschild when he knew Napoleon had lost at Waterloo before everyone else in the UK and did his little evil deed.
This is why the schmucks control all the big media and feed you their information. Also because it allows them to feature their candidates for political office (who once elected will privatize and sell state assets for pennies on the dollar to the schmucks). No wonder Ronald Lauder former head of World Jewish Congress created Central European Media Group.
"CME is a media and entertainment company continuing to operate leading businesses in primarily four Central and Eastern European markets: Bulgaria, the Czech Republic, Romania and the Slovak Republic. These operations include 26 television channels broadcasting to more than 40 million people across our four markets. We develop and produce content for our television channels, and our content is also consumed through subscription- and advertising-based platforms online."