Faced with the prospect of a global collapse in the banking system, the Chancellor took the decision to bail out the banks by dumping Britain’s gold, forcing the price down and allowing the banks to buy back gold at a profit, thus meeting their borrowing obligations. via Revealed: why Gordon Brown sold Britain’s gold at a knock-down price – Telegraph Blogs. My review of Gold Wars is here. I would not be at all surprised if the thrust of the […]
Tag Archives: Gordon Brown
In Gold Wars, Swiss banker Ferdinand Lips sets out the case that gold and freedom are inseparable. Over 254 pages, he shows how governments fight against gold, a vital restraint on their spending and therefore interventions in the lives of free people. It’s a case which ex-Federal Reserve Chairman Alan Greenspan made in his classic essay, Gold and Economic Freedom, available in Capitalism: The Unknown Ideal. He wrote, An almost hysterical antagonism toward the gold standard is one issue which […]
The Sun destroys Gordon Brown’s speech and record: TWELVE years ago, Britain was crying out for change from a divided, exhausted Government. Today we are there again. In 1997, “New” Labour, shorn of its destructive hard-Left doctrines and with an energetic and charismatic leader, seemed the answer. Tony Blair said things could only get better, and few doubted him. But did they get better? Well, you could point to investment in schools and shorter hospital waiting lists and say yes, […]
Via the Taxpayers’ Alliance: On Monday, Matthew Elliott and David Craig released their new book Fleeced! How we’ve been betrayed by the politicians, bureaucrats and bankers… and how much they’ve cost us, published by Constable. Fleeced! is the very first book to analyse the financial, fiscal and political crisis resulting from a decade spent under the stewardship of Gordon Brown and is a devastating indictment of Brown’s time as Chancellor and Prime Minister. The authors, who were the first to reveal the […]
Speaking to the Treasury Committee of MPs, Mr King dealt a serious blow to Mr Brown’s political strategy of casting the next election as a choice between “Tory cuts” and “Labour investment.” In the Budget in April, Alistair Darling set out plans to borrow an extra £700 billion over five years, taking the national debt to £1.3 trillion. Simply paying the interest on that borrowing will soon cost more money than the Government spends on schools or defence. via Mervyn […]
Doubtless politics has always had its dark side. But the depths to which it has sunk over the last 12 years under New Labour has been unprecedented in this country. Of all the legacies left by this Government the poisoning of political discourse is surely the worst. Gordon Brown, foul-tempered and intolerant, has been at the very centre of this mess. via CentreRight: Gordon Brown never was fit for Number10.
Even The Guardian has had enough of Gordon Brown: Political reform can no longer be put aside as an abstract idea, of appeal to dreamers but not to voters who face the harder realities of life. The public is calling furiously for a better system. People want an honest parliament. They want leaders who are prepared to act. They loathe the old system, and many of the people who are part of it. … All must agree that the die […]