elmarNov 2019Recommends
This incident was the main reason the UK didn't enter the Euro. This wonderful BBC documentary explains everything on detail. ▶ this video
in “When George Soros Broke the British Pound (2014)” · View on HN
Black Wednesday (BBC 1997)
Black Wednesday (BBC 1997) on HackerTube: recommended by 3 Hacker News commenters across 3 separate months, 2014–2019.
batrachious
Open on YouTubedocumentary · evergreen
A 1997 BBC documentary on Black Wednesday in 1992, when sterling was forced out of the Exchange Rate Mechanism. It covers the crisis from the British government side, including George Soros's trade and political mistakes.
Why Hacker News recommends it
HN recommends it as a detailed documentary on the Soros-versus-Bank-of-England episode.
- people recommended it
- 3
- separate months
- 3
- strong recommendations
- 0
- discussed on HN
- 2014–2019
“This wonderful BBC documentary explains everything on detail.”
What HN commenters said
4 Hacker News comments link this video. Each one links back to its thread.
shitgooseMar 2017Recommends
▶ this video a good overview of the origins of the crisis. how politicians for their own shortsighted gains made one poor decision after another and led the country into financial crisis.
in “SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund [pdf]” · View on HN
losoMay 2014Recommends
A pretty good documentary from the BBC about Black Wednesday. Shows more from the government side and the mistakes they made than Soros part but still gives you a good understanding of what happened. ▶ this video
in “The Trade of the Century: When George Soros Broke the British Pound” · View on HN
hogFeastNov 2019Cites it
The only reason he could put on the trade in the size that he did was because the BoE took the other side (they sold $27bn worth of £ and Soros had a $10bn position) and believed they were omnipotent (even amongst British civil servants, the BoE was unusually stacked with "god complex" types...and still is to a certain extent). Documentary on this - ▶ this video
in “When George Soros Broke the British Pound (2014)” · View on HN
Topics & tags
Macroeconomics & financial crisesDocumentaries & storytellingInvesting & personal financegeorge sorospound sterlingexchange rate mechanismbank of englandbbc