Tuesday, 15 April 2008


Does Gordon Brown even know what he is talking about any more? This is a clip from an interview with Adam Boulton on Sky News. The captions are 3rd party, obviously.

"We had to diversify into gold", what is he talking about? As Chancellor of the Exchequer, he was responsible for selling half of the Country's gold reserves in 1999 after pre-announcing the sale and so depressing the price he could obtain - rather similar to his recent prediction of an interest rate fall before the Bank of England decision and so pushing the value of Sterling.

It has been estimated that his decision to so much gold has cost the Uk around £5 billion. You might be interested in reading this article as well.
Why does Adam Boulton not pick Gordon Brown up on this?

I am all but speechless...

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