Didn’t Soros get rich partly by shorting the Pound? Made $1B off the Bank of England and British taxpayers when his shorts paid off.

by rockytimber Prior to the EU, there was the European Exchange Rate mechanism (ERM). European countries fixed their currencies (+/- about 5%) to the German Deutschemark because Germany had the strongest economy. In order to maintain the exchange rate, the Bank of England had to intervene. It can do this by buying/selling British or foreign … Read more

The Money Printer Will Lead to Our Demise

by Peter Schiff of Peter Schiff Podcast Coming straight from the Federal Reserve, we started this period with around 4 trillion US Dollars in the system. One year later, that number is at 6.7 trillion dollars. Meaning that over 40% of all US dollars were printed in just the last 12 months. And from the looks of it, … Read more

Citadel paid $88 million to Robinhood in Q3 2020 for “order flow”, making up nearly half of Robinhood’s revenue. Citadel is an investor in funds betting against GME share price. This week, Robinhood prevented customers from purchasing GME shares.

by getToTheChopin Worth a read: https://www.washingtonpost.com/business/whats-the-dtcc-and-how-did-it-stop-gamestop-mania/2021/01/29/b23744bc-6257-11eb-a177-7765f29a9524_story.html https://twitter.com/KralcTrebor/status/1355356755690139650 Looks like the Depository Trust & Clearing Corporation (DTCC) increased margin requirements on GME stock on Thursday — which forced Robinhood to post more collateral. So the question then becomes, why did the DTCC make its decision, and what conflicts of interest do they have?