The European Exchange Rate Mechanism (ERM) was a disaster. Between 1979 and 1987, there were 12 realignments of the ERM. In 1992, things kicked off big time, with Finland, Italy, the UK, Sweden, Portugal, Spain, Norway and Ireland devaluing or abandoning the peg. The UK’s departure became known as Black Wednesday.
All week we’ve been digging into Central Bank Digital Currencies (CBDCs) in Fortune & Freedom. In this video, I ask Nigel Farage for his take on “Britcoin” and the other CBDC projects around the world.
Can the UK stock market diverge from the rest of the world if the vaccine success continues? Does the Coinbase IPO suggest crypto is going mainstream? Why is the stock market bifurcating in a flight to quality?
Nigel Farage is usually full of humour. But genocide doesn’t exactly lend itself to Friday Funnies… Nor, apparently, is it good politics to acknowledge the genocide going on in “a faraway country between people of whom we know nothing,” as Chamberlain once said…