Loading ...Smith was let down by a UK socialist PM. name of Harold Wilson……UK ended up going to IMF for a bail out, after devaluing sterling many times, we were basket case, after Wilson had run the joint.
It turned out that Wilson was tipping off his mate, who ran a Commodity brokerage/trading house, with an office in Switzerland, whenever Sterling was going to be devalued. The Swiss office would come in a buy hell out of copper, which traded in Sterling and then dump it all after the devaluation….Wilson retired a multi millionaire and he made his mate a Lord…..