On 17/12/2019 20:31, % wrote:


"Cursitor Doom" wrote in message
...
On Mon, 16 Dec 2019 21:03:03 +0000, Andrew
wrote:

He sold off our gold reserves to sabotage Tonys plans to join the
Euro (remember all the similar cries that by staying out of the euro,
the UK economy would collapse - it didn't).

The pillock even announced it in advance, so the usual suspects simply
short-sold gold to force the price down to about $250/ounce, and then
hoovered up the bargains.

I just don't see how it's possible for such staggeringly inept
individuals to be able to make such ruinous desicions on their own.

It wasn't done on his own. The UK wasn't the only country
that sold off their central bank gold reserves at the time.

Maybe, but Brown then used a big slice of the proceeds to buy the
drum roll EURO !!, at its opening £/euro rate. In no time at all the
euro dropped by about 15%.

I can well remember the rate being 1.60 euro to the pound back in
the early noughties and this was the main trigger for so many
British people to flock over to France, Spain and other places to
buy up properties for peanuts.


Did he not consult anyone first?

See above.

What the hell was he even thinking?

See above.

He did this just over some personal grudge with Blair??
It defies all reason.

No it does not.