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The day one man broke a nation’s economy.
On September 16, 1992, George Soros executed one of the most ruthless trades in history. Spotting a flaw in the British pound, his Quantum Fund took out a massive $10 billion short position. His goal? Force a total crash
The Bank of England tried desperately to defend its currency, burning through billions. They failed. The UK was forced to withdraw from the European Exchange Rate Mechanism, sending the economy into chaos.
While British taxpayers picked up the bill, Soros walked away with £1 billion in profit in just 24 hours.Genius market play or pure economic evil?
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