They can't blame him, but they totally will do so anyways lol. Remember these are the same people who were complaining that a businessman took advantage of a tax break. As if ANYONE in this country wouldn't jump at the chance to legally pay less in taxes. But when Trump does it? It's immoral.
I just want to repeat that one more time: the complaint was that a businessman took a tax break.
__________________ Chicken Boo, what's the matter with you? You don't act like the other chickens do. You wear a disguise to look like human guys, but you're not a man you're a Chicken Boo.
Half jokes aside, people do make money buy buying currencies when they're low and selling when they're high (I know you know this)
I'm sure there are people who will be buying millions worth of GBP when it hits its lowest; sitting on it for years and then selling when (if?) the UK starts to recover from Brexit.
My friend while touring in Iraq bought several hundred thousand Iraqi Dinars (iirc, 500K) for next to nothing and has it sitting in a bank deposit box, waiting for it to jump up a bit.
You say they didn't choose wisely, but I'm pretty sure most people knew that yes they would initially be taking a hit that would take several years to recover from.
Ok what am I saying, after Brexit it was shown the people of the UK can be just as ignorant as Americans. However, the people in power who actually knew what they were talking about a favored this..all knew they would be taking hits like this.
__________________ Chicken Boo, what's the matter with you? You don't act like the other chickens do. You wear a disguise to look like human guys, but you're not a man you're a Chicken Boo.
I really really really wish I was just slightly wealthy so I could do things like this. The problem is not that I don't know how to make my money work for me...the problem is I don't have enough of it to make huge investments and turn-arounds like investing in a fallen currency that will clearly recover.
After a few bad situations, I have exactly $232 in savings.
Not enough to make a huge investment and make a tidy profit in less than 2 year.
Surtur, you are 100%. There were plenty of British Citizens that knew the Brexit would negatively impact the Pound.