Financial crisis in 1992
POPULARITY
Travis Pastrana joins the boys on the bus for one of the greatest interviews we've ever done. Travis talks getting on a motorcycle at 4 years old because football was too dangerous, blowing out every ligament at 10, Ricky Carmichael being the undisputed GOAT, Chad Reed kicking him off the podium, the double backflip at Staples Center that he thought killed him, how Nitro Circus was born in a foam pit, the loneliest moment of his life, his wife being a three time gold medalist, Black Wednesday with three medevacs in one day, breaking his wiener three times, Street Bike Tommy's legendary origin story, and the dollar bet that might actually end him. Plus the boys recap Nashville NASCAR, Will has a Nebraska sports meltdown, we meet the summer interns, Will gives a brain cyst update, and Texas Tech calls out Texas. Subscribe. Big hugs, tiny kisses. Leave comments. Timestamp Chapters: 0:00 Open 0:44 Travis Pastrana Is A Mount Rushmore Guest 6:15 Nashville NASCAR Was Unbelievable 14:19 Start Your Engines 16:22 Jared Curtis Ultimate Cool Guy Move 18:28 Racing With The Boys 19:15 Will's Nebraska Sports Meltdown 23:50 Is The Compton Curse Real 27:41 Nebraska's Football Schedule Is Terrifying 35:05 The Movie Theater Is Officially Back 38:45 Spooktober This Year 40:00 Debunking Oz The Mentalist 48:36 Will's Brain Cyst Update 51:34 Texas Tech Calls Out Texas 57:52 Meet The Summer Interns 1:30:49 Russell Wilson Going Into Media 1:31:39 Travis Pastrana Enters The Bus 1:34:12 Motorcycle At 4 Because Football Is Too Dangerous 1:36:08 Blowing Out Every Ligament At 10 Years Old 1:39:10 Ride That Train Till The Wheels Fall Off 1:45:35 Carson Hocevar 1:47:25 Ricky Carmichael Is The Undisputed GOAT 1:52:02 Running A Mile Every Day As A Kid 2:00:05 Carey Hart's Backflip Changed Freestyle Forever 2:02:34 Travis's Wife Is A Three Time Gold Medalist 2:07:15 Brian Deegan And The X Games 2:16:38 How Nitro Circus Was Born 2:19:01 Loneliest Moment Of Travis's Life 2:33:18 Pastrana Land 2:43:56 Street Bike Tommy's Origin Story 2:46:08 Three Medevacs In One Day 2:56:52 Travis's Daughters And The Fearless Gene 3:09:59 The Double Backflip At Staples Center 3:21:38 Haiden Deegan Trains Harder Than He Lets On 3:25:52 Grant Langston 3:41:56 Who Pooped Travis’ Pants 3:47:04 The Trick That Made Travis Say He's Done 3:57:46 Travis Has Broken His Wiener Three Times 4:04:30 Bud Light Question 4:06:30 Crown Vic Racing At Le Mullets See omnystudio.com/listener for privacy information.
This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comIt is always nice to be a national of a country that is leading the pack. It makes one proud to be a world leader.When it comes to cracking sovereign debt markets, however, you do not want to be leading the pack.But that is where we are in the UK.Even Mohamed El-Erian is tweeting about it.Yields on 30-year gilts, ie UK long-term government borrowing costs, hit 5.75% this week, the highest level since 1998, and the highest in the G7.It's local election day in the UK today, one of those events when we are kidded into thinking that a cross on a piece of paper is going to make the slightest iota of difference. This has barely been discussed as an issue, when it should be front and centre.The cost of servicing UK debt is now north of £100 billion, roughly 7% of annual expenditure.All you young folks grinding away at your desks to pay Income Tax, that's what much your effort is being expended on: servicing debt. It's not like you are contributing to anything new. As I say in Daylight Robbery, debt is a tax on the future. UK public spending is now £48,000 per household. That's how out of control things now are.This is only going to get worse. You have to own gold.One reason sterling has held together better than many expected is that UK interest rates remain high.Whether the Bank of England formally raises rates further or not, the market itself is already tightening financial conditions. Happy mortgage day, everyone. The post-2008 era of low rates is well and truly over.So-called yield curve control will have to come, to stop the government admitting they are insolvent. And that means further currency debasement.All the political turmoil that's coming as Labour tries to get rid of Keir Starmer after today's rout is not going to help. The next General Election is still three years away. Labour will put that off for as long as possible as half of them are going to lose their seats.If you live in a third world country such as the UK, I urge you to own gold or silver. The pound will be further devalued, as will the euro and dollar. The bullion dealer I use and recommend is The Pure Gold Company. They deliver to the UK, the US, Canada and Europe. More here.When the next General Election does come, the result is going to be, as they say in women's circles, “well hung”. No party has more than 25% of the vote. Reform is currently polling highest on 25% (next are the Tories and Labour on 19%), but thanks to our electoral system Reform's 25% will not necessarily translate into 25% of seats, unless deals are done. The most likely victor will be a coalition, probably RefCon, but don't discount the possibility of GreenLab.I should perhaps say this. 5.75% is not “instant crisis” serious, and the yield has come off a little amidst the latest potential for peace in Iran. Today it's 5.63%. We are now at the “the market is starting to ask questions” stage.For context, in 1992 long-dated yields went to 9% even while the base rate hit 15% on Black Wednesday itself.We can survive 5.75% for a little bit, but as you can see from the chart below: this is a upwards trend and it is going higher.The UK is uniquely vulnerable: large fiscal deficits, persistent current account deficits, high debt-to-GDP, high taxes, high energy costs, heavy state-spending commitments, no political appetite for belt-tightening, low growth, low productivity, a service-sector-led economy much of which can be replaced by AI, financial services suffocated by regulation, short average debt maturity rolling constantly into new rates, the Bank of England now selling gilts not buying. Then there are the demographic issues: an ageing population, the most productive leaving, and a reliance on foreign capital which, at present, is not coming but going.What does this all translate to? Higher mortgage rates, increased government refinancing costs, higher taxes as a result, forced spending cuts, pension funds and leveraged financial institutions coming under pressure, weaker growth and sterling vulnerability.If you are a reader from outside the UK, you can look at the UK and know what is likely coming to you soon after. The government itself will get into a terminal loop: higher yields → higher debt servicing → larger deficits → more issuance → higher yields.
This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comIt is always nice to be a national of a country that is leading the pack. It makes one proud to be a world leader.When it comes to cracking sovereign debt markets, however, you do not want to be leading the pack.But that is where we are in the UK.Even Mohamed El-Erian is tweeting about it.Yields on 30-year gilts, ie UK long-term government borrowing costs, hit 5.75% this week, the highest level since 1998, and the highest in the G7.It's local election day in the UK today, one of those events when we are kidded into thinking that a cross on a piece of paper is going to make the slightest iota of difference. This has barely been discussed as an issue, when it should be front and centre.The cost of servicing UK debt is now north of £100 billion, roughly 7% of annual expenditure.All you young folks grinding away at your desks to pay Income Tax, that's what much your effort is being expended on: servicing debt. It's not like you are contributing to anything new. As I say in Daylight Robbery, debt is a tax on the future. UK public spending is now £48,000 per household. That's how out of control things now are.This is only going to get worse. You have to own gold.One reason sterling has held together better than many expected is that UK interest rates remain high.Whether the Bank of England formally raises rates further or not, the market itself is already tightening financial conditions. Happy mortgage day, everyone. The post-2008 era of low rates is well and truly over.So-called yield curve control will have to come, to stop the government admitting they are insolvent. And that means further currency debasement.All the political turmoil that's coming as Labour tries to get rid of Keir Starmer after today's rout is not going to help. The next General Election is still three years away. Labour will put that off for as long as possible as half of them are going to lose their seats.If you live in a third world country such as the UK, I urge you to own gold or silver. The pound will be further devalued, as will the euro and dollar. The bullion dealer I use and recommend is The Pure Gold Company. They deliver to the UK, the US, Canada and Europe. More here.When the next General Election does come, the result is going to be, as they say in women's circles, “well hung”. No party has more than 25% of the vote. Reform is currently polling highest on 25% (next are the Tories and Labour on 19%), but thanks to our electoral system Reform's 25% will not necessarily translate into 25% of seats, unless deals are done. The most likely victor will be a coalition, probably RefCon, but don't discount the possibility of GreenLab.I should perhaps say this. 5.75% is not “instant crisis” serious, and the yield has come off a little amidst the latest potential for peace in Iran. Today it's 5.63%. We are now at the “the market is starting to ask questions” stage.For context, in 1992 long-dated yields went to 9% even while the base rate hit 15% on Black Wednesday itself.We can survive 5.75% for a little bit, but as you can see from the chart below: this is a upwards trend and it is going higher.The UK is uniquely vulnerable: large fiscal deficits, persistent current account deficits, high debt-to-GDP, high taxes, high energy costs, heavy state-spending commitments, no political appetite for belt-tightening, low growth, low productivity, a service-sector-led economy much of which can be replaced by AI, financial services suffocated by regulation, short average debt maturity rolling constantly into new rates, the Bank of England now selling gilts not buying. Then there are the demographic issues: an ageing population, the most productive leaving, and a reliance on foreign capital which, at present, is not coming but going.What does this all translate to? Higher mortgage rates, increased government refinancing costs, higher taxes as a result, forced spending cuts, pension funds and leveraged financial institutions coming under pressure, weaker growth and sterling vulnerability.If you are a reader from outside the UK, you can look at the UK and know what is likely coming to you soon after. The government itself will get into a terminal loop: higher yields → higher debt servicing → larger deficits → more issuance → higher yields.
One of wrestling's weirdest years saw WWE and AEW produce some shockers. Gareth Morgan presents the 25 Worst Wrestling Moments Of 2020...ENJOY!Follow us on Twitter:@GMorgan04@WhatCultureWWE Hosted on Acast. See acast.com/privacy for more information.
Tomorrow marks four weeks since the day known as "Black Wednesday" in Lebanon. The Israeli military, claiming to be targeting Hezbollah militants, unleashed an unprecedented aerial campaign on April 8 that killed more than 350 people in a matter of minutes. Special correspondent Simon Foltyn reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
Tomorrow marks four weeks since the day known as "Black Wednesday" in Lebanon. The Israeli military, claiming to be targeting Hezbollah militants, unleashed an unprecedented aerial campaign on April 8 that killed more than 350 people in a matter of minutes. Special correspondent Simon Foltyn reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
Headlines for April 10, 2026; “10 Minutes of Terror”: Lebanon Death Toll Tops 300 from Israel’s “Black Wednesday” Attack; Will the U.S. and Europe Break Up? Trump Says He May Pull Out of NATO as Iran War Criticism Mounts; Ahead of Hungary Election, JD Vance Campaigns with Orbán in Show of Support for Far Right in Europe
Headlines for April 10, 2026; “10 Minutes of Terror”: Lebanon Death Toll Tops 300 from Israel’s “Black Wednesday” Attack; Will the U.S. and Europe Break Up? Trump Says He May Pull Out of NATO as Iran War Criticism Mounts; Ahead of Hungary Election, JD Vance Campaigns with Orbán in Show of Support for Far Right in Europe
Now for a roundup of accessible arts events as RNIB Connect Radio's Toby Davey catches up with Jess Beal from VocalEyes, the national audio description charity providing access to the arts for blind and partially sighted people to share some of the accessible events that are featured in their regular email newsletter.Audio described shows and events included:The Play That Goes Wrong - Sunday 22 March, 3pm, touch tour 1.45pm, The Duchesss Theatre, Aldwych, LondonEvening All Afternoon - Saturday 28 March, 2.30pm,, Donmar Warehouse, LondonJersey Boys - Tuesday 7 April, 7.3pm, touch tour 6pm, Marlowe Theatre, CanterburyTuesday 21 April, 7.30pm, touch tour 6pm, Curve Theatre, LeicesterBlood Brothers - Wednesday 15 April, 7.30pm, Bournemouth PavilionThe Woman in Black - Wednesday 15 April, 2.30pm, touch tour 1.30pm, Yvonne Arnaud Theatre, GuildfordPriscilla Queen of the Desert - Saturday 25 April, 2.30pm Wales Millennium Centre, CardiffTo find out more about these and other up-coming described arts events as well as details on how to sign up to the regular VocalEyes What's On email newsletter do visit - https://vocaleyes.co.uk(Image shows the RNIB Connect Radio logo. On a white background ‘RNIB' written in bold black capital letters and underlined with a bold pink line. Underneath the line: ‘Connect Radio' is written in black in a smaller font)
Today on America in the MorningGuthrie's Plea For Kidnapped Mom The urgent search for Nancy Guthrie continues in Arizona, as her daughter, NBC Today Show host Savannah Guthrie released a plea on Instagram that whoever has taken the 84-year-old let her go, saying time is not on our side. Correspondent Julie Walker reports we are learning more about her health issues and her urgent need her medication, and that the FBI is sending additional personnel to help with the investigation. SCOTUS Rules On Proposition 50 For the second time, the U.S. Supreme Court has decided NOT to get involved in the fight over re-drawing Congressional Districts. Correspondent Rich Johnson reports that California's Proposition 50 that re-drew the California congressional map will stay as-is for now, heading back to a lower court. Fulton County Fights Back On Election Probe Officials in Atlanta's Fulton County said Wednesday they have asked a federal court to order the FBI to return ballots and other documents from the 2020 election that it seized last week, with more questions being raised about the involvement by Director of National Intelligence Tulsi Gabbard. Correspondent Lisa Dwyer reports. Trump-Xi Call President Trump held a phone meeting with China's President yesterday (Wednesday). Correspondent Clayton Neville has details. Post Purge It was Black Wednesday at one of the world's most legendary newspapers. Correspondent Donna Warder reports on a day at the Washington Post where widespread layoffs will lead to sharply scaled back news coverage. No Ice At Olympics It may be the Winter Olympics, but don't say the word “ice.” Correspondent Ed Donahue reports on a politically inspired name change at the Winter Games. US-Iran Meeting Preview Representatives from the Trump administration are scheduled to sit down with Iranian leaders for nuclear talks set for Friday, but ahead of those discussions, the President had a strong warning for Supreme Leader Ayatollah Khamenei. John Stolnis has more from Washington. Minneapolis Drawdown The Trump administration confirmed they will be initiating a drawdown in federal officers immediately on the streets of Minneapolis, and those who remain will be outfitted with body cameras. Washington correspondent Sagar Meghani reports this comes as Congress will be spending the next two weeks grappling with funding for the Department of Homeland Security. Bessent On The Hot Seat Treasury Secretary Scott Bessent was pressed by lawmakers on Capitol Hill on Wednesday during a hearing on the state of our nation's finances. Correspondent Clayton Neville reports. Would-Be Assassin To Prison The man found guilty of trying to assassinate then-candidate Donald Trump at his Florida golf course in 2024 will spend the rest of his life behind bars. Correspondent Jennifer King reports. Democrats Plan Oversight Revenge Facing the threat of being held in contempt of Congress, Bill and Hillary Clinton both agreed to testify before the House Oversight Committee about their knowledge of convicted sex offender Jeffrey Epstein. Hush Money Re-Do President Trump's hush money conviction was back before a New York judge. Correspondent Ed Donahue reports. Learn more about your ad choices. Visit podcastchoices.com/adchoices
What if the Brexit vote was flipped? Would George Osborne actually be our… former Prime Minister? And what would have happened during the Covid-19 outbreak in that case?George Osborne and Ed Balls are back with another ‘What if' episode, thinking about some of the most consequential sliding doors moments in modern politics. Looking further back, what if it was actually Neil Kinnock who had won the 1992 election? How might Black Wednesday have played out under a Labour government? Finally, they imagine a showdown between Obama and Trump for a third term in 2028. Can Trump really stand constitutionally? Would it be wise for the Democrats to run Obama or is there a better candidate to beat Trump? Thanks for listening. Remember Kitchen Cabinet members get exclusive access to live EMQs recordings, briefings from the team, and an exclusive Political Currency mug.
Welcome to The Daily Wrap Up, an in-depth investigatory show dedicated to bringing you the most relevant independent news, as we see it, from the last 24 hours (11/15/25). As always, take the information discussed in the video below and research it for yourself, and come to your own conclusions. Anyone telling you what the truth is, or claiming they have the answer, is likely leading you astray, for one reason or another. Stay Vigilant. !function(r,u,m,b,l,e){r._Rumble=b,r[b]||(r[b]=function(){(r[b]._=r[b]._||[]).push(arguments);if(r[b]._.length==1){l=u.createElement(m),e=u.getElementsByTagName(m)[0],l.async=1,l.src="https://rumble.com/embedJS/u2q643"+(arguments[1].video?'.'+arguments[1].video:'')+"/?url="+encodeURIComponent(location.href)+"&args="+encodeURIComponent(JSON.stringify([].slice.apply(arguments))),e.parentNode.insertBefore(l,e)}})}(window, document, "script", "Rumble"); Rumble("play", {"video":"v6zkqjq","div":"rumble_v6zkqjq"}); Video Source Links (In Chronological Order): (12) tinfoilhatgirl82 on X: "@TLAVagabond They don't just own apartments they are 5 divisions. One is apartments, single family homes, hotel and hospitality, loan origination and guarantee, and private equity. Blackstone is one of their investors. I looked it up
George Soros's calculated takedown of the Bank of England wasn't just a financial move—it was a seismic event that exposed the fragility of global finance and the power of strategic manipulation. In this insightful episode of The Jeremy Ryan Slate Show, we take a deep dive into the infamous Black Wednesday of 1992, unraveling how Soros shorted the British pound, pocketed over $1 billion, and forever cemented his reputation as "the man who broke the Bank of England." Was this a masterstroke of financial savvy or a deliberate step in a broader campaign of global disruption? Join us as we deliver a critical examination of Soros's rise to power, from his early days in war-torn Hungary to his immense influence over markets and political systems. This episode uncovers the intersection of finance, politics, and shadowy agendas, offering a unique perspective on how these forces shape the world we live in. We explore the European Exchange Rate Mechanism, Britain's economic missteps, and the role of elite networks in orchestrating chaos—all through the lens of historical facts and plausible speculation.As a podcaster who's interviewed leading experts on everything from ancient conspiracies to modern manipulations, I bring an unfiltered, thought-provoking take on Soros's legacy and its implications for sovereignty, national pride, and America's future. This must-watch episode will leave you questioning the true motives behind global upheavals and the hidden hands pulling the strings.Let's continue the conversation—comment your thoughts below! Do you see Soros as a market destroyer, a global puppet master, or something else entirely? If this deep dive fired you up, make sure to like, subscribe, and share. Together, we'll uncover the truths that mainstream narratives overlook. For more exclusive content and behind-the-scenes insights, stay tuned to The Jeremy Ryan Slate Show. Let's rewrite the story, one critical conversation at a time.#financialheistsanalysis #bankofengland #marketspeculation #currencymarketcollapse #financialhistory___________________________________________________________________________⇩ SUPPORT OUR SPONSORS ⇩BRAVE TV HEALTH: Parasites are one of the main reasons that so many of our health problems happen! Guess what? They're more active around the full moon. That's why friend of the Show, Dr. Jason Dean, developed the Full Moon Parasite Protocol. Get 15% off now by using our link: https://bravetv.store/JRSCOMMAND YOUR BRAND: Legacy Media is dying, we fight for the free speech of our clients by placing them on top-rated podcasts as guests. We also have the go-to podcast production team. We are your premier podcast agency. Book a call with our team https://www.commandyourbrand.com/book-a-call MY PILLOW: By FAR one of my favorite products I own for the best night's sleep in the world, unless my four year old jumps on my, the My Pillow. Get up to 66% off select products, including the My Pillow Classic or the new My Pillow 2.0, go to https://www.mypillow.com/cyol or use PROMO CODE: CYOL________________________________________________________________⇩ GET MY BEST SELLING BOOK ⇩Unremarkable to Extraordinary: Ignite Your Passion to Go From Passive Observer to Creator of Your Own Lifehttps://getextraordinarybook.com/________________________________________________________________DOWNLOAD AUDIO PODCAST & GIVE A 5 STAR RATING!:APPLE: https://podcasts.apple.com/us/podcast/the-create-your-own-life-show/id1059619918SPOTIFY: https://open.spotify.com/show/5UFFtmJqBUJHTU6iFch3QU(also available Google Podcasts & wherever else podcasts are streamed_________________________________________________________________⇩ SOCIAL MEDIA ⇩➤ X: https://twitter.com/jeremyryanslate➤ INSTAGRAM https://www.instagram.com/jeremyryanslate➤ FACEBOOK: https://www.facebook.com/jeremyryanslate_________________________________________________________________➤ CONTACT: JEREMY@COMMANDYOURBRAND.COM
By winning the 1992 general election, John Major had his own mandate to form a government, instead of imply inheriting Margaret Thatcher's. He'd shown himself capable of leading the Conservative Party to success, as he took it to its fourth election win in a row. He'd emerged somewhat from the shadow of his Iron Lady predecessor. And then things immediately started going wrong. Black Wednesday, when a major run on the pound turned George Soros into ‘the man who broke the Bank of England' and drove Britain out of the European Exchange Rate Mechanism. Major's positive poll ratings collapsed overnight and never entirely recovered.Then his own party began to creak as its seams, as a growing group began to emerge and express an increasingly strident Euroscepticism. It mounted a rebellion against the government's proposal to ratify what came to be known as the Maastricht Treaty, which converted the European Economic Community into the European Union, with more ambitious aims towards integration (from some of which Major obtained British opt-outs). Though eventually the sceptics voted with their own party's government to avoid bringing it down, their behaviour had been so objectionable to Major that, in an unguarded moment with a journalist, he referred to them as ‘bastards'.Meanwhile, in the Labour Party, John Smith, the well-respected leader who'd replaced Neil Kinnock after the general election defeat, died suddenly of a heart attack. There were two frontrunners to take over from him, Gordon Brown and Tony Blair. It seems clear that they came to a deal whereby Brown would stand down as a candidate for the leadership to give Blair a clear run, in return for a big role in a future Labour government.Blair took over from Smith. He'd be leading Labour against Major's Conservatives at the next general election. Our subject for next week.Illustration: promotional image for Stephen Frears' The Deal, showing David Morrissey as Gordon Brown and Michael Sheen as Tony BlairMusic: Bach Partita #2c by J Bu licensed under an Attribution-NonCommercial-No Derivatives (aka Music Sharing) 3.0 International License
Uncover the secret plot behind Black Wednesday in this insightful episode as we take a deep dive into George Soros's calculated takedown of the Bank of England and its far-reaching consequences. Join me, Jeremy Ryan Slate, host of the Jeremy Ryan Slate Show and co-founder of Command Your Brand, as I deliver a critical examination of one of history's most infamous financial heists. Through a unique perspective, we explore Soros's rise, his manipulation of markets, and the shadowy forces at play, questioning the true power behind global disruptions.From Soros's early life in war-torn Europe to his ruthless assault on Britain's economy, this must-watch analysis combines 60% verifiable facts with 40% speculative theories to keep it real. Was Black Wednesday a mere trade or a step toward a broader agenda of eroding sovereignty and fueling global division? Let's discuss how this financial blitz exposed the fragility of banks, the chaos of the European Exchange Rate Mechanism (ERM), and the cunning strategies of powerful elites. What's your take? Is Soros a market destroyer, a global puppet master, or something else entirely? Comment below and join the conversation about America's future, national pride, and the state of sovereignty in a world shaped by manipulation. Don't forget to like this video, subscribe for more unfiltered history and conspiracy analysis, and share your thoughts as we build a community exploring the stories that shape our world. Let's keep the discussion going—together, we can uncover the truth.#sorosphilanthropy #quantitativefinance #politicaldonations #philanthropyandfinance #economics___________________________________________________________________________⇩ SUPPORT OUR SPONSORS ⇩BRAVE TV HEALTH: Parasites are one of the main reasons that so many of our health problems happen! Guess what? They're more active around the full moon. That's why friend of the Show, Dr. Jason Dean, developed the Full Moon Parasite Protocol. Get 15% off now by using our link: https://bravetv.store/JRSCOMMAND YOUR BRAND: Legacy Media is dying, we fight for the free speech of our clients by placing them on top-rated podcasts as guests. We also have the go-to podcast production team. We are your premier podcast agency. Book a call with our team https://www.commandyourbrand.com/book-a-call MY PILLOW: By FAR one of my favorite products I own for the best night's sleep in the world, unless my four year old jumps on my, the My Pillow. Get up to 66% off select products, including the My Pillow Classic or the new My Pillow 2.0, go to https://www.mypillow.com/cyol or use PROMO CODE: CYOL________________________________________________________________⇩ GET MY BEST SELLING BOOK ⇩Unremarkable to Extraordinary: Ignite Your Passion to Go From Passive Observer to Creator of Your Own Lifehttps://getextraordinarybook.com/________________________________________________________________DOWNLOAD AUDIO PODCAST & GIVE A 5 STAR RATING!:APPLE: https://podcasts.apple.com/us/podcast/the-create-your-own-life-show/id1059619918SPOTIFY: https://open.spotify.com/show/5UFFtmJqBUJHTU6iFch3QU(also available Google Podcasts & wherever else podcasts are streamed_________________________________________________________________⇩ SOCIAL MEDIA ⇩➤ X: https://twitter.com/jeremyryanslate➤ INSTAGRAM https://www.instagram.com/jeremyryanslate➤ FACEBOOK: https://www.facebook.com/jeremyryanslate_________________________________________________________________➤ CONTACT: JEREMY@COMMANDYOURBRAND.COM
On April 15, 2020, WWE's infamous Black Wednesday saw the sudden release of dozens of wrestlers and staff as part of sweeping pandemic-era budget cuts — but where are they now? In this video, we track the post-WWE careers of major names like Rusev, Zack Ryder (Matt Cardona), EC3, and Drake Maverick, exploring how these former WWE stars rebuilt their legacies across AEW, Impact Wrestling, and the independent scene. Join us as we revisit Black Wednesday and uncover what happened to the wrestlers who were let go.ENJOY!Follow us on Twitter:@SimonMiller316@WhatCultureWWEFor more awesome content, check out: whatculture.com/wwe Hosted on Acast. See acast.com/privacy for more information.
With Keir Starmer recently forced to promise his Chancellor, Rachel Reeves, would stay on until the next election, Westminster Insider Host Sascha O'Sullivan talks to former Chancellors and advisors who have worked in No 10 and No 11 Downing Street over the last 30 years to find out how to survive one of the toughest gigs in politics. She talks to former Chancellor Norman Lamont about the aftermath of the Black Wednesday financial crisis in 1992 and what lead to John Major sacking him less than a year later. Former advisor to Blair and Brown Theo Bertram tells Sascha the Chancellor-turned-PM Gordon Brown struggled to relinquish control over the Treasury to his new neighbour in No11, Alistair Darling. Sam White, who worked for Darling during his time as Chancellor, explains how an ideological wedge pulled the two apart before and after the 2008 financial crash. George Osborne, former Chancellor and now host of the Political Currency podcast, explains his unusual closeness with David Cameron through their shared belief in the merits of austerity. But he tells Sascha how their closeness may have risked a form of 'groupthink' during their time in office. Osborne also sets out why he thinks Rachel Reeves current economic plans have more in common with his economic agenda in the 2010s that people might realise. Learn more about your ad choices. Visit megaphone.fm/adchoices
Hubo soldados españoles en varios de los ejércitos contendientes, y de ambos bandos, en la Segunda Guerra Mundial. Sin embargo, la mayor participación española en el conflicto, y con diferencia, fue la de los soldados que sirvieron en la 250 División de Infantería de la Wehrmacht, más conocida como la División Azul. Durante los dos años que participó la división en la guerra, estuvo formando parte de las fuerzas del Eje que mantuvieron el durísimo cerco de Leningrado. La prueba más sangrienta a la que se enfrentó la División fue la batalla de Krasni Bor, en febrero de 1943. Una batalla despiadada, del estilo de las más cruentas del frente del Este, en la que ambos bandos pagaron un altísimo coste en vidas humanas. En este episodio trataremos un módulo del sistema Tactical Combat Series de The Gamers: Black Wednesday, que simula la batalla de Krasni Bor, y realizaremos la correspondiente introducción histórica a cargo de Enrique Cadenas (profesor de Historia y escritor) y de Paco Ronco. Para el análisis del juego y del sistema, contaremos con Agustí Barrio y con Paco Ronco y, además, con la de nuevo generosa participación de Lee Forester, el responsable del sistema TCS dentro de The Gamers, quien nos contará cosas muy interesantes sobre el pasado, presente y futuro de la serie. Partes: 00:00:00 Presentación del sistema TCS 00:43:00 Intervención de Lee Forester 00:53:00 Primera parte histórica: génesis de la División Azul 02:16:00 Segunda parte histórica: la batalla de Krasni Bor 03:03:00 Análisis del juego 04:46:00 Conclusiones Tal y como se indica al final del episodio, los audios de terceros se incluyen bajo los acuerdos de ivoox con la SGAE.
This week, we examine the Victorian political event known as Black Wednesday, as well as a year of political chaos and strife for New South Wales. In addition, we discuss the first-ever Australian and English test cricket match.
On today's free swim we are joined by Chief, Danny, and White Sox Dave. We get into the traditions of Thanksgiving eve/Black Wednesday, what Eddie and Dave are most nervous for their trip and hair transplants in Turkey, and get into a discussion of body scans.You can find every episode of this show on Apple Podcasts, Spotify or YouTube. Prime Members can listen ad-free on Amazon Music. For more, visit barstool.link/thedogwalk
It's BLACK WEDNESDAY, and if you're back home with your family, you're probably drunk and looking for some fun! Come hang out with the Onions and get your goo gobbled! Aaron Imholte can't stop talking about Kayla Rekieta apparently. Patrick reviews the tape to see if the rumors are true. If Aaron violated the court order, and if she decides to tell the court, he could actually be facing jail time. Kino Casino has survived their recent scandal. Or have they? PPP is striking things left and right and the breakdown of Andy Warski is unreal to watch. This guy is a complete mental midwit! Bob Levy is trashing The Shuli Network, and we are left to wonder if the bad blood is real, or this is just another work by the boys over at TSN. ...
Titan Owner and CEO John Tsikouris answers live questions from our live stream audience on fitness, health, and our brand new Titan Medical Center GLP-1 weight loss therapies and specials! Introducing our NEW Titan Slim Weight Loss Package! This is a NEW WAY to combat WEIGHT GAIN during the holidays and all year long! Get $25 OFF this paired therapy package using the Discount code (#titanslim) ends 11/29/2024! This package includes: AOD 9604 + ECA STACK PLUS * Boost your energy & focus while losing fat! This amazing combination of Titan Medical therapies will help you lose weight and feel great!
Titan Medical Center CEO and Founder John Tsikouris talk about our Weight Loss specials! GLP-1s (Semaglutide and Tirzepatide) are on discount right now with Titan Medical Center! We are also getting ready for our Black Wednesday discounts on Titan gear and therapies! Therapy of the Week:
Burnie and Ashley discuss early Black Friday deals, waiting in line, Deal Mathematics, Scotland's weather warnings, Sexiest Man Alive 2024, Quiet Place, Emily Blunt, Stanley Tucci, James Cameron, Rambo, Piranha II, Scarlet J. Hanson, Transformers One, Hot Frosty and Ashley's upcoming book dilemma. Support our podcast at: https://www.patreon.com/morningsomewhere For the link dump visit: http://www.morningsomewhere.com
Do not miss Cleve and Joe recap Crown Jewel, WWE storylines, and all things AEW. They just purchased tickets for the annual Black Wednesday show.
Black Wednesday วันพุธอันดำมืดของชาวอังกฤษ เกิดจากการโจมตีค่าเงินปอนด์อย่างรุนแรงจากฝีมือของพ่อมดนักลงทุน ‘จอร์จ โซรอส' ทำให้ธนาคารกลางอังกฤษยอมแพ้ ก่อนประกาศลดค่าเงินปอนด์ในวันพุธที่ 16 กันยายน 1992 ทำให้เกิดความวุ่นวายทางเศรษฐกิจและความไม่สงบทางสังคมในอังกฤษ ชวนฟังจุดเริ่มต้นของวันพุธแห่งฝันร้ายสู่การรื้อระบบการเงินใหม่ทั้งหมด รวมถึงนโยบายการเงินต่างๆ ที่ประกาศใช้หลังจากเหตุการณ์นี้ ช่วยให้อังกฤษกลับมายิ่งใหญ่ได้อย่างไร? https://linktr.ee/moneyarmageddon #SalmonPodcast #MoneyArmageddon #วันเงินตราวินาศ #DPA #สถาบันคุ้มครองเงินฝาก #พร้อมคุ้มครองเคียงข้างคุณ #รุ่งสางหลังวันวินาศ #BlackWednesday Learn more about your ad choices. Visit megaphone.fm/adchoices
Investing with Beauchamp and Bright is back! IG's Chief Market Analyst Chris Beauchamp and Assistant Portfolio Manager Aaron Bright return to chat why they don't like Gold, how far interest rate cuts can go this week and year and also look back on Black Wednesday 32 years on from the day…
George Soros, often a figure shrouded in both mystique and controversy, is the subject of the documentary "The Great Speculator - The Mysterious Life of George Soros." Born in 1930 to a Hungarian family with a history of surviving adversity, Soros's early life was defined by the pragmatic survival lessons from his father, who had endured the horrors of World War I and the Nazi occupation of Hungary. These experiences ingrained in Soros a profound understanding of risk and survival, elements that later became cornerstones of his speculative financial strategies. The film delves into Soros's academic years at the London School of Economics where he was deeply influenced by the philosopher Karl Popper, shaping his views on market dynamics and the imperfection of knowledge. It follows his journey into the world of finance, where after a rocky start in London, he moved to New York, setting the stage for the establishment of his Quantum Fund. This fund became a vehicle for his speculative prowess, famously earning him a billion dollars during 1992's Black Wednesday by betting against the British pound. "The Great Speculator" not only explores Soros's financial ventures but also his complex personal and ideological evolution, highlighting his philosophical and philanthropic engagements later in life.(00:05) The documentary opens with a recount of George Soros earning a billion dollars during the Black Wednesday financial crisis in 1992 when the British government raised interest rates to 15% in a failed attempt to stabilize the pound.(01:43) It highlights George Soros's challenging childhood, born in 1930 to a father who was a prisoner of war during World War I and later taught Soros the art of survival, which proved crucial during the Nazi occupation of Hungary.(04:17) During World War II, the Soros family survived by using false identities and bribing authorities to evade Nazi persecution in Hungary, significantly impacting Soros's understanding of risk and survival strategies.(07:08) The narrative then shifts to Soros's academic journey at the London School of Economics, where he was influenced by philosopher Karl Popper, learning about the imperfection of knowledge and the concept of falsifiability, which shaped his investment strategies.(09:08) The documentary details Soros's early career in finance in London and New York, his struggle as a trader, and the eventual establishment of his Quantum Fund, which capitalized on market discrepancies and made significant profits by speculating on real estate investment trusts and other financial instruments.
This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comI was going to call this article “a tale of national betrayal.” Sterling is a national disgrace. If ever there was something that symbolised the decline of Britain from world leader to tin pot sh*te show, it is our currency. The US dollar has lost at least 93% of its purchasing power since World War Two. The pound, which was a few cents shy of $5 at the onset of war and today sits at $1.24, has lost an additional 75% against the US dollar.It's shocking. An appalling betrayal by successive leaderships. When you devalue your currency, you devalue your entire country: the people's labour, their savings, their assets.As long-time readers will know, I have identified a long-term cycle in the pound, and the next capitulation is due this year. If this plays out, then the pound is about to hit the skids.Don't get wedded to the idea of a cycleLet me start with my usual disclaimer: it's easy to look back at the past, find some arbitrary pattern, declare it a cycle, write some persuasive copy, and, all of a sudden, you're a guru. When things don't pan out as they should, you blame some outside factor, usually the government.Cycles do exist. We have the seasons, the moons, the cycle of life. There are good times and bad times. There are investment cycles too: bull markets and bear markets, the Kondratiev cycle, the 18-year cycle in real estate, commodities super-cycles, the 4-year presidential cycle. Mining is cyclical. New tech goes through a clear cycle as it evolves. I'm a big believer in the hype cycle. Yet actually trading them in real time is hard.Thinking in terms of cycles does help you to frame the bigger picture: it can give you an idea where you are in the grand scheme of things. But you can easily get wedded to the idea of a particular cycle, and then it's very hard to break the mindset, even if real life right in front of you is telling a very different story.I remember people in the years after the Global Financial Crisis (GFC) being wedded to the idea of Kondratiev Winter and the next Great Depression. The Dow was going to 1,000, they said. It never went close and here we are today above 38,000. The problem was that the Kondratiev Winter argument was persuasive, and once you've been hooked by a narrative, it's hard to break its shackles.If you are interested in buying gold, check out my recent report. I have a feeling it is going to come in very handy in the not-too-distant future. My recommended bullion dealer is the Pure Gold Company.So to Frisby's FluxWith all that said, I am now going to argue that there is an 8ish-year cycle in the British pound that goes all the way back to 1968, at least. I've called it Frisby's Flux, because I was the first to observe it and I've got to get my name on something.We'll start with a quick skim through recent sterling history, then we'll look at a chart, and finally, we'll look at what's coming next.In November 1967, the British government devalued the pound by 14% from $2.80 to $2.40 in order to “achieve a substantial surplus on the balance of payments consistent with economic growth and full employment”.In the early 1970s, after the Nixon Shock, the pound rallied against the dollar, but fast forward to 1976, eight (ish) years on, and we are in the year of the IMF crisis when Chancellor Dennis Healy is said to have gone “cap in hand” to borrow money from them. $3.9bn was the agreed sum, at the time the largest loan ever requested. Inflation in the UK reached 24%. From high to low, sterling lost around 40%, reaching $1.60.The pound recovered, and by the early 1980s, sterling was back above $2.40.Move forward eight years and we come to 1984 when the pound would drop by more than 55% to reach an all-time low against the dollar – $1.04 - in early 1985. This was during the miners' strike and shortly after the Falklands War, but the real issue was extraordinary US dollar strength, something which took collusion between the G5 nations of France, Germany, Japan, the US and the UK and the Plaza Accord of 1985 to depreciate it.Again sterling would recover – this time to $2.Eight years later and we come to the notorious cycle low of 1992 and Black Wednesday, the day that sealed George Soros's reputation with his bet against the pound. Sterling fell to $1.40 – a 30% loss - as the Bank of England took the UK out of the European Exchange Rate Mechanism.Eight years later, in 2000, the Dotcom bubble collapsed, and the pound lost 20% of its value, again falling to $1.40. (The pound is geared to financial markets. When they struggle it usually does too).But again it recovered. By 2007, it was above $2.10. Can you imagine? The pound above two bucks, and not so long ago.Then, in 2008, came the GFC and, yup, the pound lost 35%, hitting a low of $1.36. What did I say about the pound being geared to financial markets?The next low came in 2016 with the infamous Flash Crash , shortly after Theresa May's speech at the Conservative Party Conference. Having been above $1.70 at one point earlier in this cycle, it hit a low of $1.14, according to some measures. The overall drop from high to low was almost 35%. (As that $1.14 number came in the early hours of the morning, it is not showing up on the chart below).Here we are in 2024, eight years on. The next capitulation is due. Are we about to enter the drop zone? Could well be.Here is an illustration of the cycle. You can see how every eight years, the pound hits a low. (The chart starts at 1970, I couldn't find data going back to 1967-68).Show this chart to your friendsSo what's next?And how to protect yourself? And possibly even profit?
Join my BFAM Chris Kline aka Dudley and I as we share war stories from back in the day, including “Black Wednesday” in 1983, summers “dragging hose” the late ‘80's, backpacking through Europe in late 1990, discovering “The Meadows” in the early ‘90's, and recapping a few of the countless laughs we had along the way. Dudley reveals that in addition to his love of The Rolling Stones, he's also a closet Richard Marx and The Outfield fan. We dive into the darkness of 2020 and share how we're coping with the untimely losses of each of our brothers, Greg and Tom. We explore the tragic irony of those losses and explain how Greg and Tom are sending their messages of Get Busy Living and It's Fucking Energy loud and clear. Join us, and let's see where the energy takes us! #GBL #IFEhttps://music.apple.com/us/album/cant-you-hear-me-knocking/1440812661?i=1440812679https://music.apple.com/us/album/purple-rain-live-in-syracuse-march-30-1985-2022-remaster/1616033743?i=1616034641https://music.apple.com/us/album/for-you/1444031809?i=1444031828https://music.apple.com/us/album/love-shack-edit-remastered/1464527564?i=1464527641 https://music.apple.com/us/album/beat-you-there/1602140839?i=1602140840
Lord Lamont talks tackling inflation, controlling interest rates and growing up in Shetland in the latest episode of Lord Speaker's Corner.‘Although I personally would not have joined the ERM and although I personally didn't think it was a disaster when we had to leave, I think the period we were in the ERM for two years did actually do the economy a huge amount of good.'Norman Lamont, now Lord Lamont of Lerwick, was Chancellor of the Exchequer in the early 90s, and was responsible for trying to restore stability after the UK dramatically crashed out of the European Exchange Rate Mechanism (ERM) on ‘Black Wednesday'. In this episode, he shares with Lord McFall of Alcluith what was going on behind the scenes and explains that despite it being ‘a political disaster… a great humiliation', it set up the following 15 years of growth.‘I did actually go and see both Gordon Brown and Tony Blair when they were in opposition. And I told them that it wasn't my business to do anything to help the Labour Party, but I think it would be in the interest, thought it would be in the interest of the country, if they made the Bank of England independent.'Lord Lamont also explains how he suggested to Gordon Brown and Tony Blair to make the Bank of England independent, having not managed to convince John Major to do the same when he was Prime Minister. He also explains how we have got to where we are with interest rates today, by introducing a policy to use interest rate setting to target a set percentage for inflation.Born in Shetland, Lord Lamont also explains how growing up there influenced his perspectives on the UK and Europe, and talks about his hopes for the UK's relationship with the EU post-Brexit.Find out more and watch episodes of Lord Speaker's Corner:https://www.parliament.uk/business/lords/house-of-lords-podcast/ Hosted on Acast. See acast.com/privacy for more information.
From 'WFAN Daily' (subscribe here): The football world usually has it's black Monday where coaches are fired after a rough NFL season. Some reason Wednesday was the day where most things went down. First Wink and the Giants settle on a mutual agreement, followed by Pete Carroll being fired as head coach of Seattle Seahawks and finally Nick Saban steps away from Alabama. Oh, and by the way, the Jets are staying pat! To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
There was little to be thankful for for Chicago Blackhawks fans after getting blown out on Black Wednesday by the Columbus Blue Jackets. The lone reminder that there's still something to be grateful for came off of the stick of Connor Bedard who netted his 10th goal of the season on a beautiful wrister. Jason Dickinson later scored a goal, but it was all Blue Jackets on Wednesday night. Join Jay Zawaski, Greg Boysen and Mario Tirabassi as they try to black out the miserable loss on the CHGO Blackhawks Live Postgame Podcast. An ALLCITY Network Production PARTY WITH US: https://bit.ly/3SRS03z SUBSCRIBE: https://www.youtube.com/c/CHGOSports ALL THINGS CHGO: https://linktr.ee/chgosports WEBSITE: http://allCHGO.com/ BUY MERCH: http://CHGOLocker.com FOLLOW ON SOCIAL: Twitter: @CHGO_Sports Instagram: @CHGO_Sports GET OUR FREE NEWSLETTER: http://www.allchgo.com/newsletter DRAFTKINGS: Visit https://dkng.co/chgo to sign up for DraftKings Sportsbook using the code “CHGO” Gambling problem? Call 1-800-Gambler or visit https://www.1800gambler.net. In New York, call 877-8-HOPE N Y or text HOPE N Y (4 6 7 3 6 9). In Connecticut, Help is available for problem gambling call 888-789-7777 or visit https://ccpg.org. Please play responsibly. On behalf of Boot Hill Casino & Resort (KS). Licensee partner Golden Nugget Lake Charles (LA). 21 + age varies by jurisdiction. Void in ONT. Bonus bets expire one hundred sixty eight hours after issuance. See sportsbook dot draftkings dot com slash football terms for eligibility and deposit restrictions, terms, and responsible gaming resources. WATCH YOUR FAVORITE TEAMS: https://www.fubotv.com/chgo WIN MONEY THROUGH SPLASH SPORTS: https://splashsports.com/chgo Get 20% off your next OLIPOP purchase at drinkolipop.com/CHGO20 Download the DROPS by SoleSavy app at https://links.solesavy.com/chgo Head to https://www.sunnyside.shop/ and use code CHGO25 for 25% off your total order at check out for everything you need to elevate your Summer! Must be 21+ or an Illinois med card holder. Download the Gametime app, create an account, and use code CHGO for $20 off your first purchase. Check out FOCO for merch and collectibles here https://foco.vegb.net/CHGO and use promo code “CHGO” for 10% off your order on all non Pre Order items. AG1 is going to give you a FREE 1 year supply of immune-supporting Vitamin D AND 5 FREE travel packs with your first purchase. Just visit https://drinkAG1.com/CHGOBlackhawks https://shadyrays.com: use code ‘CHGO' for 50% OFF 2+ pairs of polarized sunglasses! When you shop through links in the description, we may earn affiliate commissions. #Blackhawks #ChicagoBlackhawks #HopOnTheRide Learn more about your ad choices. Visit podcastchoices.com/adchoices
Buzz and Goose talk about making a Thanksgiving turkey, the Bulls, and the sweet ass title of this episode. Brought to you by OnTapSportsNet.Com
00:00 Intro 9:57 Round 1 36:29 Round 2 58:56 Round 3 1:20:37 Round 4 1:33:53 Round 5 1:52:20 Honorable Mentions Best of The Dog Walk: Rico Bosco joins the crew for a Thanksgiving Break Draft. You get 1 Black Wednesday song, 1 weekend rivalry game, 1 food, 1 tradition and 1 thing you hate about it. We get into our favorite foods to eat on the holiday, the best College Football games played during the break, a questionable pick from White Sox Dave, and more.You can find every episode of this show on Apple Podcasts, Spotify or YouTube. Prime Members can listen ad-free on Amazon Music. For more, visit barstool.link/thedogwalk
Good morning to you,We are talking Japanese currency today.First, in case you missed them last week, check out:The story of my pilgrimage got a big and positive response from readers. This piece on the true value of UK housing also got a big response.If you haven't already, and if speculative silver mining stocks are of interest: watch this interview with Alex Langer of Sierra Madre Gold and Silver. And, finally, a big thank you to all who came to my gold lecture on Thursday. What a great night. A reminder that due to sell-outs, we have added some extra London dates - February 14th and 15th. You can get tickets here.Right, the yen. I can't help thinking there are some real opportunities coming …The currency has been weak as hell for a long time. Against the US dollar it is at lows not seen since this century. We all know what a rotten currency the pound has been. It has lost a third of its purchasing power just since 2020. A third! Against the constant that is gold, it has lost 90% of its purchasing power since 1999.And yet against the yen, the pound is at seven-year highs, not far off the pre-2008-financial-crisis levels. In those days a pound got you two dollars, instead of the $1.21 it gets you today.In terms of trading volume, then yen is the third most important currency in the world, after the dollar and the euro, accounting for around 17% of global daily forex turnover. Given that is thought to be $7.5 trillion, we are talking about around $1.3 trillion of daily trading volume. No small beer.Why has the yen been so weak?The main reason is that, while other central banks, especially the Federal Reserve, have raised rates, the Bank of Japan (BoJ) has not. It has ignored rising inflation (perhaps because Japan has had issues with deflation for so long). Indeed the BoJ has been creating digital money and buying extraordinary amounts of government bonds with it in order to cap rates. The BoJ now owns over half of Japanese national debt. My mind boggles when I read stuff like that. How can it be possible to print so much money and buy so much debt without apparent consequence? This is BoJ's so-called yield curve control. I wish they'd print money and buy me a mansion. Or even just a nice car.Suppressed rates lead to the yen carry trade - borrowing yen at a cheap rate and holding other currencies that pay a better yield. But when the carry trade reverses, as in 2007-8, it tends to reverse very quickly.The yen, as a result, also tends to act as a safe haven currency: during times of panic, such as we saw in 2008, there is rapid flight to the yen in a rush to unwind the carry trade.Here is a very long term chart of dollar-yen going all the way back to 1987. (When the chart is rising, so is the US dollar).The dollar made its low - or the yen its high, depending on how you view things - in late 2011 and 2012. Since then the yen has halved. 50% declines for a major currency is kind of a big deal.Look at the speed at which that thing came down between 1990 and 1995, between 1998 and 1999, from 2007 to 2011 and in 2015-16. When that thing moves, it moves. (We'll come to another yen currency pair that moves even faster in just a moment).Here's the last three years zoomed in. Kind of very double toppy.I'm not going to pretend to be any kind of an expert on Japanese policy, plans or goals, but I ask, at a certain point, if the BoJ will step in to shore up the currency? Surely they must. Everything I read tells me they will. If so, at what point?The 150 level is one commonly cited number. 150 is where we are now. But I stress this is only rumour. A related question is: how long will so-called yield curve control go on for? Indeed, how long can it go on for?Again, I can't pretend to know the answer. Little old me is struggling to get his head around the fact that it has even been able to go on at all, let alone this long.So to that yen currency pair that really moves. Ooof, take a look at this one. This is where I think the money is going to be made.The British pound and the Japanese yenHere's a long term chart. (When the red line is rising, the pound is rising and the yen is falling. And vice versa).Again, during those periods of yen strength, this thing came down like a stone. Between 1990 and 1995 (especially 1992 - that was Black Wednesday in the UK). From 1998 to 2000. 2007-8 - Gosh! it really came down then. And then 2015-16. It also ties in with my 8-year cycle of the pound: it is even more apparent when viewed in yen.As so much of the British economy is built on finance, sterling tends to be strong when financials are strong. It sells off during market panics - which is when money flees to the yen. Thus the pound and then yen are inverted.Sterling has been weak against most currencies since the summer. Cable (pound-USD) has gone from $1.31 to $1.21. The 8-year-cycle in the pound seems to be playing out again. But against the yen it has hardly moved. It's the same price it was in June-July.Here is pound-yen since Covid. Does this trend continue? Or is it exhausted?Most of the 2020 Covid trades - the boom in tech, in commodities, in bitcoin - have played out and unwound. But not the decline of the yen. It is still going strong. There is some catch up to be had.When does it end? That's the question. There may still be some gas in the tank, but I'm starting to think sooner rather than later - if only because so few people are talking about it. I asked three different finance WhatsApp chat groups that I'm on if anyone had any decent yen material. Nobody came back with anything. Such things are often a good, contrarian sign. Nobody rings a bell at the top of the market, unfortunately. But this is one to watch.Forex trading is extremely difficult. There is so much that can go wrong, especially to do with risk management, position sizing and timing. I don't recommend it unless you know what you are doing. But I feel there could be an opportunity here.Thank you for reading. Thank you for being a subscriber. Until next time …Disclaimer:I am not regulated by the FCA or any other body as a financial advisor, so anything you read above does not constitute regulated financial advice. It is an expression of opinion only. Please do your own due diligence and if in any doubt consult with a financial advisor. Markets go down as well as up. I do not know your personal financial circumstances, only you do, but never speculate with money you can't afford to lose. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe
In this wide-ranging interview, first published in 2021, Jeremy Lent discusses his fascinating new book Web of Meaning which combines findings in cognitive science, systems theory and traditional Chinese and Buddhist thought, to develop a framework that integrates both science and meaning in a coherent whole. Jeremy discusses what he sees as an essential problem at the heart of our current worldview: how man is separated from nature which is seen purely as a resource. He highlights a very different perspective, common to many indigenous peoples, how we are interrelated, not just all humans related to each other, but seeing all of the living earth around us all of life as being our relations. Jeremy also shares his long standing criticisms on the structure of the modern corporation and its role in society, in light of the recent Shell climate litigation, and the election of new directors to the board of Exxon, instigated by a small activist investor-which has been called the oil industry's “Black Wednesday.” Jeremy is an award winning author and founder of the nonprofit Liology Institute, dedicated to fostering a worldview that could enable humanity to thrive sustainably on the earth. His writings investigate the underlying causes and the patterns of thought that have led our civilization to its current sustainability crisis. The Patterning Instinct is a cultural history of humanity's search for meaning, traces the deepest dark of foundations of our modern worldview. His most recent book is Web of Meaning: integrating science and traditional wisdom to find our place in the universe.He is the founder of the Deep Transformation Network, a global community exploring pathways to an ecological civilization, and the nonprofit Liology Institute, dedicated to fostering an integrated worldview that could enable humanity to thrive sustainably on the Earth.
This week Beau chats with Dan all about Black Wednesday, the 16th of September 1992, when the foreign exchange markets sold an ungodly amount of Stirling, causing the value of the Pound to plummet, and, ultimately, the Major government to suffer a massive electoral defeat. Listen in to Beau and Dan to find out how and why that happened.
In The UK, September 16, 1992, is known as Black Wednesday, the day when speculators including George Soros and Stanley Druckenmiller "broke the pound." This expression is used to describe the moment in time where market forces coalesced to force the British government to exit the European Exchange Rate Mechanism (ERM) by removing its currency from that agreement. Joining the ERM was part of Britain's effort participate in a single European CurrencyPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://buymeacoffee.com/patrickboyleVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle YouTube Channel Support the show
Before we begin today's piece, a quick reminder for those who might find themselves in the Scottish neck of the woods this August, I am doing a show at the Edinburgh Fringe all about gold. It's from August 4th to 20th at 2pm. Please come if you are in town- you can get tickets here.Plus an added bit of history: it takes place in the room in which Adam Smith wrote Wealth of Nations. Hopefully, I will see you there. So, the pound …An alert just went off in my calendar: “start looking to short the pound”, it says. Why would one short strength?Look at the pound these last few months, it has been very strong, very strong indeed. You wouldn't know it to listen to many financial commentators, who so often seem consumed with national self-loathing, but against a basket of foreign currencies, the pound actually flirting with six-year highs (it's got a bit further to go against the euro and the US dollar, though, largely, we tend to think of pound-dollar, aka cable, as the defining measure). Charlie Morris of Bytetree argues that the pound has become the carry trade. (When you borrow at a low-interest rate in one currency and invest in another currency at a higher rate of return).We are in an equities bull market of sorts, and the pound, as the currency of a nation geared to finance, tends to be strong when financial assets are strong. During times of financial crisis, it is much weaker.Whatever the explanation for recent pound strength, I set the alert some three or four years ago - before the strength kicked in. What was I thinking?It's based on a cycle I've identified. As far as I know, I'm the first to observe this cycle, so, with Brand Frisby in mind, I've named it after myself: Frisby's Flux - the eight year cycle in the pound. Before I explain the cycle, let me issue a disclaimer. As outlined last week, it's easy to look back at history, find some arbitrary pattern and declare it a cycle. Real life in real time is often a very different matter. Nevertheless, cycles can help frame where we are in the grand scheme of things. My observation is that every eight years, the pound seems to crash. We start in 1976, the year of the IMF (International Monetary Fund) crisis. At one point, inflation reached 24%. The Labour government borrowed $3.9bn, at the time the largest loan ever requested. From high to low, sterling lost around 40%, reaching $1.60.But it recovered. By the early 1980s sterling was back above $2.40.Then came the next bear phase, in which the pound would drop by more than 55% and reach an all-time low against the dollar – $1.04. This was the era of the Falklands War and then the miners' strike. The low came shortly after 1984, in early 1985.On the other side of the trade, the US dollar was showing extraordinary strength – so much so that France, Germany, Japan, the US and the UK eventually colluded to depreciate it. This was the Plaza Accord of 1985. Again sterling would recover – this time to $2.Eight years on, in 1992, sterling hit another significant low. This was Black Wednesday, when the Bank of England took the UK out of the European Exchange Rate Mechanism (ERM). It fell from $2 to $1.40 – a 30% loss. The killing that George Soros made selling the pound sealed his reputation.Eight years later, around 2000, as the dotcom bubble collapsed, so the pound lost 20% of its value. (What did I say about the pound being geared to finance?). But again it recovered. By 2007 it was above $2.10. Can you imagine? The pound above two bucks only 16 years ago.Then we got the financial crisis of 2008 and, yup, the pound lost 35%, hitting a low of $1.36.The next low came in 2016 with Brexit then the infamous Flash Crash of 2016, shortly after Theresa May's speech at the Conservative Party Conference. Having been above $1.70 at one point earlier in this cycle, it hit a low of $1.14, according to some measures. The overall drop from high to low was almost 35%.The subsequent bull market was probably the limpest in living memory. The 2016 low was retested in the Corona panic of 2020, but then we get a good rally to $1.42 by summer 2021.After that, with so much political upheaval, the pound turned down. When the Bank of England broadcast that it would be selling the UK gilts it had printed the money to buy during Quantitative Easing, and Chancellor Kwasi Kwarteng then gave us his low-tax budget, panic hit the markets and the pound hit an intraday low of a $1.04 (the same low it hit in 1985). Since then we have had quite some rally.Here's the illustration of everything I've just described. Don't you love charts? They get to the point much quicker.Did the 8-year cycle low come early? Was that it in 2022? Or can we expect it some time in 2024?When I first wrote about Frisby's Flux, as long ago as 2017 it may have been, I suggested that we should be looking for a high some time in 2022-2023, as an opportunity to go short. Hence why I put that notification in my calendar. This current rally might be providing us with just one such opportunity. Question is: how long does the rally go on?On a long-term basis, the pound at $1.28 is not exactly hugely overvalued. On a Big Mac Index basis (which measures relative currency value around the world based on the cost of a Big Mac) we are not far off fair value. As I say, cycles are easy to identify in the rear view mirror. They are much harder to trade in real time. Perhaps the trigger will be yet more dysfunctional politics. Perhaps the Bank of England will fall even further behind the inflation curve and rates will spike, triggering some kind of crisis, such as we saw in the lead up to 1992. Perhaps equities more generally turn bearish. We can only guess what the trigger might be. But Frisby's Flux, whatever it is worth, and that might be very little, is suggesting there might soon be an opportunity to go short the pound looking for an eventual low in 2024.Interested in buying gold to protect yourself in these uncertain times? My current recommended bullion dealer in the UK is The Pure Gold Company, whether you are taking delivery or storing online. Premiums are low, quality of service is high. They deliver to the UK, US, Canada and Europe, or you can store your gold with them.The Flying Frisby is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe
What was it like fighting New Labour? Why did Black Wednesday happen? How did Ian McKellen help bring the campaign for gay rights into Downing Street? Join Alastair and Rory as they answer all these questions with Sir John Major in the second of two episodes with the former Tory prime minister. TRIP Plus: Become a member of The Rest Is Politics Plus to support the podcast, enjoy ad-free listening to both TRIP and Leading, benefit from discount book prices on titles mentioned on the pod, join our Discord chatroom, and receive early access to live show tickets and Question Time episodes. Just head to therestispolitics.com to sign up. Email: restispolitics@gmail.com Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit podcastchoices.com/adchoices
WEALTH HISTORY EP.26 นี้ เป็นภาคต่อจากอีพีที่แล้ว George Soros เห็นช่องทางอะไรถึงเข้าไปโจมตีค่าเงินปอนด์ และบทสรุปของเหตุการณ์ Black Wednesday ในปี 1992 จะเป็นอย่างไร ติดตามได้กับโฮสต์ประจำรายการ วิทย์ สิทธิเวคิน
Today, Laurie speaks with Corri Smith! Corri's love story is unique on so many levels - she was ready to be single for the rest of her life, found a guy during the pandemic and got married to him in a cemetery! Corri lives life on her own terms and offers some great insights on how to create your own story, your way.Corri Smith is the owner of Black Wednesday, a Charlotte-based Marketing and PR company focused on personifying brands through creative, innovative, and organic strategies. With community-building as a focus, BW helps brands tell their stories in unique ways; specifically through use of PR, consultancy, social media, influencer marketing, events and design. Black Wednesday works with small to large size businesses, boasting clients like Chopt Creative Salad Co., Premier Inc., Movement Mortgage, Viva Chicken, Third & Urban, and more.Learn more about Corri and Black Wednesday at…blackwednesday.co@blackwedco on social: Instagram | Twitter | Facebook@corriasmith on social: Instagram | TwitterYou can donate to Samaritan House at https://thesamaritanhouse.org/ Follow Laurie on Instagram at http://instagram.com/carolinasmatchmaker Learn more about Laurie and her team at http://carolinasmatchmaker.com
The boys are back with another Banger! Make sure to follow the Pod: Tiktok: themediumlitpodcast Instagram:themediumlitpodcast Support the show:https://linktr.ee/mediumlitpodcast
00:00 Intro 9:57 Round 1 36:29 Round 2 58:56 Round 3 1:20:37 Round 4 1:33:53 Round 5 1:52:20 Honorable Mentions Rico Bosco joins the crew for a Thanksgiving Break Draft. You get 1 Black Wednesday song, 1 weekend rivalry game, 1 food, 1 tradition and 1 thing you hate about it. We get into our favorite foods to eat on the holiday, the best College Football games played during the break, a questionable pick from White Sox Dave, and more.You can find every episode of this show on Apple Podcasts, Spotify or YouTube. Prime Members can listen ad-free on Amazon Music. For more, visit barstool.link/thedogwalk
Episode 102: Happy Thanksgiving Everyone!!! Meditate, M@sturb*te, Medicate Segment: This week Kimbo and Becky choose Meditate and they discussed the traditions of Black Wednesday, Black Friday, Thanksgiving, and GREEN Wednesday. Becky shares a heartwarming story of her father and what started his love of Thanksgiving. Kimbo shares why their family don't always get together for Thanksgiving. Recycling of the News: Election 2022 UpdatesSexy Sustainability: Thinx Period UnderwearInstagram: @Becksterleckster @Kimbo_ish________________________________________________________Listen to the Podcast on Apple Podcasts, Spotify, Stitcher, Google Podcasts, Overcast, Amazon Music, and Radio Public.Instagram: @KimbologyPodcast Youtube: Kimbology PodcastTwitter: @kimbologyPTik Tok: @KimbologyFacebook: @KimbologyPodcast Support this podcast at — https://redcircle.com/kimbology/donations
Truss and Kwarteng's mini-budget madness has sparked a Black Wednesday 2.0 – will the quids be alright? Plus, as Starmer takes Keir of business with a successful outing at conference, we look at Labour's standing. This week's special guest is former Labour minister turned mystery novelist Alan Johnson. “It's too long ago to blame the last Labour government for everything so now they're blaming one that doesn't exist yet.” – Ros Taylor “This looks like two economics A-Level students have been let loose. The inexperience they're displaying is just mind-boggling.” – Alan Johnson “There is no easy way out for them and neither should there be given the magnitude of error that they've made.” – Alan Johnson “To climb down from this plan would be a repudiation of everything Truss stands for.” – Ros Taylor “You can almost feel the mood of the country shifting towards Keir Starmer.” – Alan Johnson www.patreon.com/ohgodwhatnow Tickets to Doomsday Watch Live: https://www.tickettext.co.uk/etmejHAuba Presented by Alex Andreou with Ian Dunt and Ros Taylor. Group Editor: Andrew Harrison. Lead Producer: Jacob Jarvis. Producers: Alex Rees, Jacob Archbold and Jelena Sofronijevic. Assistant Producer: Kasia Tomasiewicz. Audio production by Robin Leeburn. OH GOD, WHAT NOW? is a Podmasters production. Learn more about your ad choices. Visit megaphone.fm/adchoices
Paris Marx is joined by Bennett Tomlin to discuss last week's crash of Terra and Luna, the problems with stablecoins, and whether this collapse will finally force regulators to take action on cryptocurrency.Drew Pendergrass is a co-host of Crypto Critics' Corner and writer of the FUD Letter. Follow Bennett on Twitter at @BennettTomlin.Tech Won't Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, support the show on Patreon, and sign up for the weekly newsletter.Find out more about Harbinger Media Network at harbingermedianetwork.com.Also mentioned in this episode:Paris wrote about the Terra/Luna collapse and why we can't let those who promoted crypto scams escape blame for their actions.Bennett references George Soros' attack on the British pound in 1992, also known as Black Wednesday.Do Kwan was behind the failed Basis Cash stablecoin.Vitalik Buterin backed a proposal for an FDIC-like response to rescue “small holders” who lost money in the Luna collapse.Investors recently pulled $7 billion out of Tether, which still won't be open about its reserves. It was hacked in 2017.FTX CEO Sam Bankman-Fried described yield farming as a Ponzi scheme.Justin Sun has already launched a copycat of the failed Terra algorithmic stablecoin. The Verge did a deep dive on him in March.a16z says the crypto winter is here.Support the show