What’s Wrong with the World

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When I was down, you just stood there grinning

In terms of sheer brazenness, it would be difficult to exceed this extraordinary specimen. George Soros writes in The Guardian to counsel against the Brexit; and this guy has got a lot of nerve.

To start off, sterling is almost certain to fall steeply and quickly if there is a vote to leave– even more so after yesterday’s rebound as markets reacted to the shift in opinion polls towards remain. I would expect this devaluation to be bigger and more disruptive than the 15% devaluation that occurred in September 1992, when I was fortunate enough to make a substantial profit for my hedge fund investors, at the expense of the Bank of England and the British government. [ . . .]

Brexiters seem to recognise that a sharp devaluation would be almost inevitable after Brexit, but argue that this would be healthy, despite the big losses of purchasing power for British households. In 1992 the devaluation actually proved very helpful to the British economy, and subsequently I was even praised for my role in helping to bring it about.

Now, whatever we may think of this Hungarian usurer, it would be imprudent to dismiss his views of financial markets; but as a friend shrewdly points out, if Soros really believed the pound sterling might lose 20% of its value after a British farewell to the European Union, we would not be hearing about it in the pages of The Guardian.

Since a true estimate of his real views could only be gleaned from the non-public details of the positions held by his investment funds, I’m constrained to answer in an allusive fashion.

(It appears that Bob Dylan songs have been removed from Youtube. More’s the pity. I’m forced to rely on this tolerable cover version.)

Comments (9)

It’s a veritable axis of evil that has its grip on the world’s throat. Soros, Cameron, Merkel and Obama. The Four horseman of the Apocalypse come to demolish the world. And why wouldn’t we be hearing about it in the Guardian? Have the drones short Sterling as you go long. Touting doesn’t get much cheaper than whispering tips to the Guardian to be passed on to the proles. A thorough audit of the financial markets would reveal the movers and shakers of the Left skimming the top like most any syndicate, - union, cartel, or crime. How else finance the revolt of the Gnostics?

The times, they are a changin'

Dylan has a few songs still on YouTube, his more famous songs can sometimes be found by searching the song title.

As far as Dylan covers go, I admire this version of "Boots of Spanish Leather" which turns the song into a duet.

Btw, thank you for a music thread even if it was tangential to the main topic.

Not following UK/EU politics very closely, I was ambivalent about the referendum, but now that my negative moral compass Soros is against it, flying by instrument is easy. Go Brexit!

Nice cover of Spanish Leather for sure, Step2. As it happens I picked that 4th Street video mostly because the cover singer is a spitting image of an old friend of mine, as it happens one of the primary sources for that Grateful Dead post a month ago.

Since almost anyone's voice is better than Dylan's (with some few exceptions), cover versions are often the superior versions of his songs.

Hope Soros invested heavily in the Pound expecting a Remain victory.

Paul: Search for Dylan videos using the name "Elston Gunn" and not "Bob Dylan" or "Dylan."

Hey Paul, might these be what you're looking for? Pretty much Dylan's entire discography is available if you browse Videos here under the "Bob Dylan Topic" channel:


YouTube is turning into a competitor for Spotify now. It's highly unusual for a big artist's full albums not to be available anymore. The keyword is "topic." Artists have to be like Garth Brooks and take an uber-aggressive anti-digital stance to keep it from just happening.

I admit though, I couldn't find that particular song even under the Topic channel.

Thanks for the effort, guys. I recommend that y'all just go download "Positively 4th St" from Amazon or iTunes. That cover holds up well enough; the original is a true classic.

By the way, the song also applies brilliantly to the Brexit Doomsayers.

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