Monday, April 16, 2012

Could this cash be spent in a better way?

George Osborne ready to offer £10bn extra firepower for the IMF

"Britain is close to agreeing a new £10bn commitment to the International Monetary Fund as the Bretton Woods institution seeks to double its war-chest at its spring meeting this week" (anyone seen Spain's debt requirements lately?).

Posted by alan @ 08:34 AM (1178 views)
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5 thoughts on “Could this cash be spent in a better way?

  • This is so bloody disgusting. He is handing over this hard earned cash without even a bloody debate in the Commons!! TREASON!!!

    You thought National Socialism was bad, just wait until the Global Socialists destroy everything.

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  • mark wadsworth says:

    “Could this cash be spent in a better way?”

    Yes. The UK might want to step up its investment in padded cells, for a start.

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  • general congreve says:

    Interestingly it would pretty buy near enough 300 tonnes of gold. Only 95 tonnes short of what Brown gave away for pennies between 1999-2002.

    But no, just like Gordon did, Osbourne is giving away it all away to the banks dontcha know.

    I wonder what would happen if some secret patriot in power suddenly bought 2000 tonnes of gold for the national balance sheet (with new QE money), then declared the pound gold backed. Would the yanks dare invade?

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  • No wonder Blair got rid of capital punishment for Treason. This is certainly an example of that. Handing £10billion to a foreign power with no debate in the Commons.

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  • Easy to spend others money

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