Friday, January 7, 2011
Soros’s Chance/Third-Class Politicians Only Provide the Third-Rate Policy-XVII
It was a legendary story on Wall Street when George Soros made $1 billion, breaking the Bank of England’s defense of the pound in 1992. On 15 September 2010, Chief Cabinet Secretary Sengoku Yoshito stated, “The Finance Ministry considers 82 yen per dollar the level at which it will fight markets (Yomiuri Shimbun 16 September 2010)” after the Japanese government intervened into the market to stop the appreciation of yen. The head of Your Party, Watanabe Yoshimi, called Sengoku stupid. Now, George Soros has chance to bankrupt Bank of Japan because he knows that the defense line of the Japanese yen is 82 yen.