Saturday, February 19, 2011

Brass neck king explains his economic policy by proxy whilst keeping a straight face

We must not repeat mistakes of the Great Depression, warns Mervyn King

He said all the main players were ‘pursuing their own self-interest’ and called for ‘a grand bargain’ to prevent a fresh global disaster. "A global currency war has broken out with countries battling to devalue their exchange rates to boost exports and drive economic growth." Ah the "grand bargain" rears its head again! And you thought Gordon Brown had lost all influence.

Posted by cheekie charlie @ 09:38 AM (623 views)
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