Friday, September 16, 2011

This guy told us we are all prudent and dont have debt issues, sold gold at low price etc

Gordon Brown fears euro crisis worse than Lehman as 1930s beckon

"The euro can't survive in its present form and will have to be reformed drastically," he told a mostly-Chinese audience at the World Economic Forum in Dalian.

Posted by mark @ 02:37 PM (2531 views)
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15 thoughts on “This guy told us we are all prudent and dont have debt issues, sold gold at low price etc

  • There are lots of bad things we can say about Brown, but he was always committed to keeping us out of the Euro, for good reasons or bad, and history has proved him right on that issue.

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  • MW

    what do you think his motive was?

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  • crash bandicoot says:

    MW from my memory NewLab wanted to join the euro but only if certain criteria were met. They had several goes at meeting the criteria but never did and so gave up on the idea. Is that what happened or did I miss something?

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  • what do you think his motive was?

    Brown did not want to join the Euro because as chancellor it would have meant less power for both himself and his cronies.

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  • anyone been buying lloyds bank they have shot up in price

    talking of brown HP you could be right there, the guy was power mad

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  • and mentally retarded

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  • I think he thought if he said we had ‘low debt’ enough times it would miraculously come true…and at least we don’t have to hear him say ‘globball’ anymore.

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  • I’d agree with hpwatcher, Brown didn’t want to give up power.

    The British public were never keen on Europe anyway. Joining the Euro wouldn’t have been a vote-winner; in fact I think it would have galvanised the angry get-off-my-land / get-off-my-imperial-units anti-Europe crowd.

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  • greenshootsandleaves says:

    what do you think his motive was?

    I think murdoch was opposed to the idea.

    And what was murdoch’s motive?

    Well, for a start, Europe had once foolishly suggested that it might not be a good thing for too many newspapers, etc to be controlled by one person, perhaps even a yank.

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  • Obviously he got a few bob for the speech. he has upgraded his credibility because the Euro problems were never tackled properly, let alone fixed.

    All he had to do is watch a few of Nigel Farge’s speches on “You Tube” and Voila!

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  • Like I said, I have no opinion on what his motive was.

    It might have been bad (he didn’t want to give up power to set interest rates – oops, to have a completely independent BoE MPC which set interest rates) it might have been really bad (because Murdoch said so) it might have been political (he knew it would be wildly unpopular) or maybe he actually called it right, and/or had a vague understanding that it would be immoral to bind future generations to such a decision.

    I neither know nor care (and I once picked up Robert Peston’s biography of Brown in a £1 shop and read it and am none the wiser for it). better to do the right thing for the wrong reasons than the wrong thing for the right reasons.

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  • murdoch is australian isnt he

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  • greenshootsandleaves says:

    mark @ 07:12 ‘murdoch is australian isnt he’

    Nope. Had to become a US citizen in order to get his hands on newspapers and TV stations across the pond.

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  • an ozzy yank what a combo and a free fizzy drink (the son)

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  • Don’t worry I have a cunning plan to save the world!

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