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(Reuters) - Visa Inc's quarterly profit rose by 40 percent, and our planet's largest payment processor said it would introduce a new fee structure for U.S. merchants.



Then a miracle in disguise happened. The Bretton Woods Agreement creased. The Bretton Woods Agreement had kept a false peg towards U.S. dollar all close to the globe. Some pegs were strong, some pegs were weak, but at the conclusion of day time they never moved quite 1% any kind of direction. Like today's issues with the Chinese Yuan, the forced peg against the dollar kept a constant controlled flow of U.S. dollars out of this country.



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At the end of part II and oncoming of part III, Ferguson analyzes George Soros and his 'bet' against the British Smack. Every once in a while, you will always hear about how Soros broke the Bank of Britain. He goes into the development belonging to the Black-Scholes formula and the growth of the derivatives stock market. This of course dovetailed into the longer term Capital Management flip.

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