
It Could Happen Here Weekly 85
It Could Happen Here
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The Plaza Accords: Ronald Reagan's Predictions
In 1985, Ronald Reagan is trying to revive the U.S. manufacturing industry because it's like dying. George Soros predicts that this is going to happen and makes an unbelievable amount of money doing currency speculation. And he gets very famous for like, he'll like make it much money and then I'll lose it again. This all culminates in 1992 with a massive bet by Soros against the British pound. The UK Central Bank doesn't have enough money to stop them from selling off their reserves so they collapse.
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