Wednesday, Oct 22, 2008
No more Boom and Bust ---- just Bust!
Telegraph: Pound slumps and shares tumble as Gordon Brown admits recession is looming
The pound has plunged by the most in 16 years against the dollar and the FTSE 100 tumbled after Gordon Brown joined the Governor of the Bank of England in admitting for the first time that the economy is entering a recession.
Still don't worry I am sure the prudent Mr Brown stashed a few Trillion away for just such a rainy day!!
Posted by who stole my pension? @ 02:59 PM (282 views) Add Comment
4 Comments
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1. Whostolemyendowment said...
Just in case you wanted to hear Broon say those famous words again....added to Youtube 17th Oct 08
http://uk.youtube.com/watch?v=OU_fzCpwrNc
2. This comment has been removed as it was found to be in breach of our Blog Policies.
3. Eternal Sceptic said...
Did the man not say ad nauseum, "the economy is in safe hands"? I fear for Britain, the lunatics are in charge of the asylum. Though on the bright side, perhaps we can have a few prosecutions of the council officers who placed the public's money in Icelandic banks. Surely their remit is to secure all funds until needed, not speculate with gay abandon. And if sais councils are destitute can we look forward to some layoffs in the bloated public sector. Also if the country is bankrupt, perhaps mp's and the public sector should forgo their gold plated index linked pensions.
4. planning4acrash said...
We are heading to Euro parity for political reasons. Wake up people! The Euro is fascist tyranny. Germany starved of liquidy, Spain swamped. Bankers everywhere with Just enough cash to keep the elite's fiat system a runnin. Wake up people!