Podcasts about Black Wednesday

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.

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:

The Steam Deck Finally Goes On Sale In Australia Today Including That Sexy White LE Version: Read More About The Story The Game Awards 2024 Nominees Have Been Revealed And GOTY Is Causing Some Heated Debate: Read More About The Story Aldi's ‘Black Wednesday' Black Friday Sale Will Bring Some Decent Special Buys: Read The Review   For Gaming News & More Visit Press-Start.com.au Follow Daily Gaming News Host @_jakebarrosSee omnystudio.com/listener for privacy information.

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.

The School of Journalism and Media Studies (JMS) of Rhodes University, in partnership with the Eastern Cape office of the South African National Editors' Forum (SANEF) are hosting a webinar on Friday, October 18 to officially launch the Makhanda Declaration — a bold call to revitalize journalism in South Africa.  The milestone event marking SA Media Freedom Day on October 19 is a historical commemoration of Black Wednesday in 1977 which saw the apartheid state's banning and closing of the World and Sunday World and the imprisonment of several anti-apartheid journalists under the Internal Security Act.  The Makhanda Declaration revisits the commitment and purpose of the Windhoek Declaration of 1991 which was crafted by African journalists and media professionals 33 years ago to promote the importance of journalism on the continent.  The new declaration was drafted by journalists, academics and scholars to deliberate on current challenges facing South African communities of journalistic practice at a summit in Makhanda in April 2024.  Jeanne Du Toit, head of the Journalism department at Rhodes University See omnystudio.com/listener for privacy information.

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.

Benvenuti in un nuovo episodio del podcast Inside the elite. Il mercoledì nero dell'AEW,il ppv Forbidden Door dietro l'angolo, Dynamite Rampage e Collision recap,questo e molto altro. Buon ascolto! Donateci un caffè qui Metti mi piace alla nostra pagina facebook. Seguici su X. Seguici su instagram Iscriviti al nostro canale youtube Segui il nostro canale twitch Clicca qui per entrare nel nostro gruppo Telegram. --- Send in a voice message: https://podcasters.spotify.com/pod/show/insidetheelite/message

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?

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

NIGERIANS! How did you guys feel about the presidential elections? Listen to 4 Nigerian youths talk about how we felt on Black Wednesday...

Was there a world before inflation targeting? Alain Naef (Banque de France) and Carmen Hofmann (eabh) talk about currencies and exchange rates. More precisely about how pound sterling was managed on a daily basis, how Black Wednesday (1992) ended active exchange rate management in Great Britain and why the story of sterling after 1945 is the story of the decline of the British empire. #eabhPodcast

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

Episode 112 - The full team is back together and it feels so good. Joe comes back as a married man and an international travel to regale us of his world travels! We discuss what he believes are the differences between Ireland and America. The boys then discuss their Thanksgivings and their holiday breaks so far.  We move on to discussing last week's Saturday craziness, hot yoga, playing golf in November, fried turkey, and a whole bunch more!   As always, we leave you with the Joe C Lock of the Century of the Week, Chris' Tig Ol Bitties, and our fan duel lineup (Peter should not be allowed to pick)! And we end with a few feel-good stories. Survival Pool survivors - Chris is amazing! Drink of the week - Samuel Adams Winter Variety Pack

Welcome to the jungle! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

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

Show Notes  After being bad at adulting, and husbanding. the hosts follow through on their promise to leave no explosion unturned in exploring the works of Michael Bay. Bayhem ensues. This episode is now the most interesting thing about the number 82.  Intro & Follow-up (0-30:29)  I failed to find the Black Wednesday (no sports) … Continue reading "Episode 82 – A Brace of Bayhem"

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

In the final episode on Britain's 1992 currency crisis, Neil and Jonathan look at the consequences of Black Wednesday with Jonathan Portes, Sir Paul Tucker, both of whom had ringside seats in the Treasury and Bank of England respectively, and economic historian Duncan Weldon.Presented by Jonathan Ford and Neil Collins.With Duncan Weldon and Jonathan Portes.Produced and edited by Nick Hilton for Podot.Additional editing by Ewan Cameron.Sponsored by Briefcase.News Hosted on Acast. See acast.com/privacy for more information.

Thirty years ago on 16th September 1992, a collapse in the pound sterling forced Britain to withdraw from the ERM. Matt Chorley speaks to the chancellor at the time, Lord Norman Lamont, about why he still thinks it was the right decision and if he still sings in the bath. We also hear from the two political editors of the Times and the Sun, Phil Webster and Trevor Kavanagh, on what it was like covering the story.Plus Melanie Reid and James Forsyth discuss the Britishness of queuing and what the new Metropolitan Police Commissioner needs to do. Hosted on Acast. See acast.com/privacy for more information.

“Pound crashes to weakest level since 1985 in blow to Truss” ran the headline on the Telegraph website yesterday.“The Bank of England had one job today”, as economist Shaun Richards put it, “which was to talk up the pound and instead their waffling sees it at US $1.14.” Theresa May Flash Crash aside, that's a 37-year low.And that's measuring it against the dollar. If you measure the pound's purchasing power against essential basics such as energy or houses, its performance has been way more woeful.It's not just the pound, even if it is one of the worst offenders. It's all fiat money. I've been banging on about it for 20 years but I may as well bang on some more: fiat money and its devaluation is the greatest and most pernicious intergenerational theft in history. Devaluing your currency boosts assets but devalues labour When you devalue money, among numerous other things, you devalue salaries, which is to devalue labour. All the young have is their labour. You boost the value of assets meanwhile, which is what the old have acquired over the course of their lives. The net result is to transfer wealth from young to old. Compounded over decades, 5% one year, 8% another, this process has been devastating. Don't get me started on the knock-on effects: smaller families started later in life and all the rest of it. So many people of my generation and above think they are business geniuses because they paid the market rate for a house 30 or 40 years ago. You are not. Systematic and incremental devaluation by successive administrations was “what did it”.The Bank of England, the Federal Reserve Bank, the European and Japanese Central Banks – central banking has a lot to answer for. It feels like we might finally be in some kind of endgame for fiat money now. Mind you, I thought we were in the endgame in 2008, so I'm probably wrong this time around as well. I've no doubt some new magic words even more unintelligible than “quantitative easing” are being conjured up as I write.Right rant over. I had to get that off my chest. Let us move on. Does a new PM mean you should go long the pound?We have a new government. Money is the issuance of government. The weak pound is all over the headlines. So I thought it would be an interesting exercise today to look, first, at the performance of the pound by successive governments over the past generation. And then to consider whether one should be buyer or seller here.“Buy on silence, sell on headlines,” is a good little investment motto that I've just invented. When something makes the headlines, there is often not a lot of narrative left in the tank,  the story is mature and the next stage is exhaustion. It's standard contrarian market psychology. Does the fact that the weak pound has made the headlines mean it's time to take the other side of the trade and go long? Could be.We'll start with a chart of the pound against the dollar – aka cable – since 1970. And by the way, the dollar has a much larger market cap than the pound, so what is going on on the other side of the pond tends to have a greater effect on cable than what is happening here. That is the case at present. The pound is weak, but so is the euro, the yen and any other number of currencies you care to mention – except the Russian rouble. Current pound weakness is as much a function of US dollar strength as anything. The chart of the pound against the euro over the last three years is much flatter.In any case, cable is the benchmark, so here is the pound against the dollar since 1970, when it was $2.40 (!).The broader trend is down, but there are periods of relative strength – 1976-1981, 1985-1991, 2000-2007. We've basically been in a downtrend since 2007, shortly after Tony Blair stood down and Gordon Brown became PM. It is what is known in the game as a secular bear market. Now we consider the same chart, but this time I have overlaid the government. Even though several prime ministers have led successive governments – Wilson, Thatcher, Major and Blair for example – for the sake of clarity and simplicity I have marked the chart by PM. Needless to say the dates of the red and blue lines are approximate. The first observation I make is that, despite their reputation for fiscal competence, the Tories have not been good stewards of the currency. In the case of Edward Heath and David Cameron, the pound was marginally stronger when they stood down than it was when they took office. Despite his presiding over Black Wednesday and the ERM fiasco, for John Major the pound was only a few per cent lower than it was when he started.But in the case of – and this surprised me – Margaret Thatcher, plus Theresa May and Boris Johson it was lower. Labour's record is mixed. Harold Wilson saw it lower, Jim Callaghan higher (that surprised me too). Tony Blair has the best record of all – it went from roughly $1.60 to $2.10 – and Gordon Brown the worst.That said Blair was one of the few PMs – perhaps the only one – to stand down from a position of strength. Normally PMs are stood down because there is something voters or MPs or both are not happy with, which will be reflected in a weak currency.Lower taxes and higher spending should encourage growthBack to today. This latest move in the dollar has been extraordinary. I've long been suggesting the US dollar index could go as high as 120 (another 10% from here – though exhaustion indicators are starting to appear), but at a certain point purchasing power parity will kick in and currencies will reflect relative valuations. On a purchasing power parity basis the pound is very cheap at $1.14. The other observation I make about the above chart is that new administrations have often marked turning points in the currency. This, one could argue, was the case for Wilson, Callaghan, Major, Brown, Cameron, May and Johnson.Despite the Tories' record for incompetence, Liz Truss has put together a cabinet that is, broadly speaking, actually conservative. Unlike previous administrations, it is not full of wets and social democrats, who happen to be in the Conservative Party. Lower taxes and less spending (I'll believe that when I see it) should lead to economic growth, which should help the currency. The big kahuna though is where the Bank of England base rate goes – and indeed the Fed Funds Rate.I'd say there is a not unreasonable chance that, with a new government, we could mark a turning point for the pound. We're at a point of extremity where such a turn could happen. But let's see what government does first, before we get too excited. As I say, another not totally unreasonable possibility is that we are in the endgame for fiat. In that case the pound slides below parity. If you want to buy gold to hedge yourself against all of this, my recommended bullion dealer is the Pure Gold Company with whom I have an affiliation deal. If you are in London on September 28 or 29, my lecture with funny bits, How Heavy?, about the history of weights and measures is coming to the Museum of Comedy. It's a 7-8pm show so you can come along and go out for dinner after. You can buy tickets here. This is a very interesting subject - effectively how you perceive the world. Hope to see you there.The Flying Frisby is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.This article first appeared at Moneyweek. 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

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I keep thinking about that interview with Stanley Druckenmiller.Druckenmiller, a legend in US investing, worked with George Soros for many years, 12 of them as lead portfolio manager of Soros's Quantum Fund, when he, among other things, spearheaded the infamous “Black Wednesday” raid on the pound in 1992 that forced the UK out of the European exchange rate mechanism (ERM). His own fund's performance over many decades, year-in, year-out, is almost without equal.The part that really struck home with me is what he says was the key thing he learnt from Soros: “sizing”. Others might call that: how much to speculate or invest. Others: how much to risk. Others: how much of your portfolio to allocate. “Sizing is 70% to 80% of the equation. Part of the equation is seeing the investment, part of the equation is seeing myself in a good trading rhythm. It's not whether you're right or wrong, it's how much you make when you're right and how much you lose when you're wrong”.“I believe in streaks,” he says, “Like in baseball. Sometimes you're seeing the ball, sometimes you're not. And my number one job is to know when I'm hot and when I'm not. When I'm hot, I need to turn the dial straight up. When you're cold the last thing you should do is make big bets to get even. You need to turn yourself down.”The reason this has struck home with me – and perhaps might with you as well – is that I am not hot at the moment. I've had streaks when I've been great. Every stock I cover, every call I make, every buy or sell is red hot and bang on the knuckle. I could go through old articles and pick winners that eclipse other commentators.Perhaps you followed me into these trades and made out like bandits as a result.But I've also had streaks when I've been awful. And I could go through old articles and find you plenty of those too – articles that, when looked back on now, make me look a laughing stock.Perhaps you followed me into those and made out like a bandit who's just been put in jail.Looking back, I first thought my hot streak came to an end in the spring, in early March. I was bullish on metals – I bought into the decade-of-under-investment narrative (and I still do) – but failed to fully heed to the Ukraine invasion “pop and drop” factor, followed by the impact of China lockdowns, never mind the broader market weakness.But now I realise my mistakes go back further – into 2021 – with a failure to see the tech bear market for what it was sufficiently early to have gone on the defensive. One part of my portfolio was doing well, so perhaps it concealed the other.Then, of course, since the spring decline of everything, I've taken some big hits. I imagine you have too. And I have been too slow to react.That's another thing Druckenmiller talks about by the way: act first, research later. Markets move quickly, ideas spread fast, especially good ones, so it pays to get positioned. You can always exit if your research changes the story.As well as a failure to recognize what was what, or only half recognising it, and being slow to move, my risk management was poor. So to Druckenmiller's “how much you lose when you're wrong” – my answer? “Too much”. I should know better, and I'm more than a bit cross with myself. Nevertheless, I have been on a bit of a tidying-up exercise, re-evaluating positions and so on. I've also been working on my fitness as I believe that helps you make good decisions. What I'm betting on nowRightly or wrongly, I sold down some of my oil positions last week, as I felt oil could be the next shoe to drop in these ongoing liquidations. I sold down another couple of positions elsewhere that I felt had got tired so as to have some cash in case this bear market has another leg down (none of the companies discussed with paid subscribers, don't worry).I spent some time comparing the movements of various asset classes from 2005-09 to the movement today. My memory was that stocks peaked, then a few months later metals peaked, then oil peaked – then a few months after that everything crashed.The sequence has been similar this year, so I am now concerned that another crash is on the cards. I tend not to bet on crashes, or indeed predict them, as they are rare occurrences. With two big ones this century and maybe three or four whoppers in the last, they tend to be outlier events. Predicting crashes may get you extra hits and clicks, but more often than not, you're wrong.But my revaluation has now persuaded me that whether we crash or not in the autumn, I think we are bouncing now. It might be a change in trend (we have seen the low) or a counter-trend rally (further lows to come). So I've actually ended up, after selling a bit, now buying a bit (a simple long on the S&P 500). This might all sound contradictory, but trading and investing often are. You change your mind. I'm glad to have reached where I've reached, because it has been the result of thought, analysis and conscious decision-making, rather than laziness, following others or emotion. I felt I've owned the process a bit better than I have been. My risk-management is better. And my bets are smaller – until I recognize that I'm hot again. (And I will be – it's the Frisby you're talking about here). Druckenmiller applied the same logic to those who work for him, by the way. He would place big bets on those he could see were on a winning streak, and often even bet against those on losing streaks.We could apply the same logic to those we follow online – to commentators such as myself: know when they are hot and when they are not. I'm not hot at the moment, or at least I haven't been. But whatever pudding was in the fridge of my brain, has at least been stirred a bit and stuck in a saucepan.Let's hope someone switches on the cooker. 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

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

Hosted by Lee Sanders. 6/2/2021: A surprising Black Wednesday as WWE releases Braun Strowman, Aliester Black, Lana, Buddy Murphy, Ruby Riott, Santana Garrett and more! Lee reacts to the news and on the reports of a potential WWE sale on the horizon with live fan reactions. Streamed live initially on June 2, 2021 at 7pm ET. COVERING THE LATEST IN WRESTLING, POP CULTURE, ENTERTAINMENT, and BEYOND SINCE 2011. Catch THE RCWR SHOW live Mondays at 11pm ET after WWE RAW discussing show fallout, AEW Dark, and the latest in headlines. Tuesday episodes covering NWA Powerrr, Wednesdays at 10pm ET after AEW Dynamite discussing show fallout, NXT, MLW, and headlines. Sundays after every wrestling PPV and special events.SUPPORT THE SHOW FOR EVEN MORE GREAT, NEW, AND EXCLUSIVE CONTENT! PATREON: https://www.patreon.com/rcwrshow​​​​LISTEN THE RCWR SHOW ON THE FOLLOWING PLATFORMS:AMAZON MUSIC & AUDIBLE! http://tinyurl.com/amazonrcwrshowPANDORA! https://tinyurl.com/pandorarcwrshow​​​​SPOTIFY: https://tinyurl.com/yxw8mbwf​​​​STITCHER: http://bit.ly/1yByytu​​​​iHEARTRADIO: https://tinyurl.com/y6o6phph​​​​GOOGLE PLAY MUSIC: http://tinyurl.com/zb73e86​​​​

In a bummer of a Notsam Wrestling bonus show, Sam Roberts goes down the list of talent released by the WWE on Wednesday, as well as the memories Howard Finkel leaves with us. Subscribe to the NEW show YouTube page at YouTube.com/NotsamWrestling For even more content- become a Notsam Shill on Patreon- Patreon.com/notsamwrestling See omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In a bummer of a Notsam Wrestling bonus show, Sam Roberts goes down the list of talent released by the WWE on Wednesday, as well as the memories Howard Finkel leaves with us. Subscribe to the NEW show YouTube page at YouTube.com/NotsamWrestling For even more content- become a Notsam Shill on Patreon- Patreon.com/notsamwrestling See omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit podcastchoices.com/adchoices