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.
Did he not consult anyone first? What the hell was he even thinking?
He did this just over some personal grudge with Blair?? It defies all
reason.

--

"When constituencies are small their elected representatives must concern themselves with
the local interests of their constituents. When political representatives are distant and
faceless, on the other hand, and represent vast numbers of unknown constituents, they
represent not their constituents, but special interest groups whose lobbyists are numerous
and ever present. Typically in Europe a technocrat is an ex-politician or a civil servant.
He is unelected, virtually impossible to dislodge during his term of employment and has
been granted extensive executive and even legislative power without popular mandate and
without being directly answerable to the people whose interests he falsely purports to
represent."

- Sir James Goldsmith (Member of the European Parliament) 1933 - 1997

"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.

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.

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.

"Andrew" wrote in message
...
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,

No maybe about it.

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%.

Sure, he certainly ****ed up plenty of other stuff.

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.