Saturday, March 29, 2008

Rip-off Britain

You are going to realise how overpriced and bogus the minutiae of British life are, and Gordon Brown is panicking because there is no way he can make this sustainable

The article is about Britain, but many of its points probably also are applicable to other countries. The corporate-socialist economies of the West are based on many unsustainable illusions. (I'll return, at a later point, to what I mean by 'corporate-socialism').

I've been banging on about it for years, but this also bares re-quoting:

"In May 1999, Gordon Brown sold half the country's gold reserves during a 20-year low in the market at an average price of $275 an ounce. Yesterday morning the price of gold was approximately $946 an ounce."


Anonymous said...

What is so depressing about this is that the press kept telling us that Gordon Brown was doing well when he was chancellor for 10 years.

But, all the time, behind their backs, he was raiding the country's storeroom.

One of the first things that he did as chancellor was to take £100 Billion** out of old people's pensions

**calculated over the 10 period

Anonymous said...

Sad indeed