http://www.bloomberg.com/apps/news?pid=20601087&sid=aLtny...
Gordon Brown is actively interfering in British businesses forcing banks to lend.Banks are doing the right thing -they have already lost a lot of money lending to people who can't pay it back and have now learned their lesson (for now).But Gordon Brown believes the Government can run banks better.Remember this is the guy they have named the bottom in gold after -the Brown bottom when he sold half of England's gold right at the bottom.I have enormous faith in his ability to screw England over.It is a pity there is no fund pairing long Yen/Swiss Franc and short British Pound.Going long the dollar always makes me uneasy.But with Mr Brown leading from the front ,I am confident enough to short.
http://www.bankofengland.co.uk/publications/news/2009/001.htm...
Only 1.5% to go but since CPI has gone down,they will cut to zero.Then they will print money out of thin air.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMj9r...
The country has massive debt,industries are dying and the North Sea oil is depleting.
$139.55 (01/20/09)
