| Topic: | Re:Re:Re:Reasons why Gordon Brown must go | |
| Posted by: | E Yarrow | |
| Date/Time: | 04/12/09 07:54:00 |
| Brown spent every penny our country had, and then borrowed more. It was he who was in control of the purse strings. You cannot deny that he broke his own fiscal rules and saddled the country with huge on and off sheet balances prior to the crunch. He then goes along with this multi currency monetarised debt ponzi scheme. When QE stops the real trouble will begin. The bond markets are already showing this. The next soverign default will really shake the ground... Greece perhaps? Venezula? Maybe the East European Swiss based loans. Who knows? Certainly will not be a "Black Swan Event". FIAT money is far less "reliable" than gold. Gold cannot be duplicated and devalued. Sure it's supply can go up - but ultimatly that is factored into the price.... There is a very good reason for its stella performance. Gold for $2000 next year? $1500 is the next target. Perhaps you would like to remind the Indians, Sri Lankans and the Chinese to name a few countries that obviously believe in gold's worth. I wonder when SDR and a pseudo gold standard will be recognised and implemented as the way forward. Holding onto Sterling as it gets aggresively devalued is insanity IMO. The stock market is no better with a bubble waiting to pop :( |