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Britain's gross domestic product suffered another decline in the third quarter of 2009, figures showed Friday, meaning the country remains mired in recession.
Some analysts had expected Friday's GDP figures to show the recession in Britain was over.
Originally posted by GW8UK
Gordon was crucial in fighting the ressesion, he is a clear forward thinking and intelligent economic mind, i feel sorry for him that its not going his way.
Originally posted by GW8UK
Gordon was crucial in fighting the ressesion, he is a clear forward thinking and intelligent economic mind, i feel sorry for him that its not going his way.
Originally posted by johnny2127
He is Neville Chamberlain all over again.
Originally posted by johnny2127
Gordon Brown is an embarrassment to economic thought and public service.
In what might be regarded as the definition of calling the bottom of the market, Mr Brown, who was then Chancellor, sold nearly 400 tonnes of the Bank’s gold at an average price of $275 an ounce. The sale raised about $3.9 billion between 1999 and 2002 but had he sold the metal this year, he would have raised $13.8 billion, based on an average price of $978 an ounce.....
The Bank of England holds 310.3 tonnes of gold, worth $10.7 billion. Mr Brown’s firesale means that the UK now ranks 16th in the world for gold reserves, according to the World Gold Council. It is between Venezuela at 15th and Lebanon at 17th.
Full Text
Originally posted by OBE1
The Gordon Brown that looted the Kingdom's Gold vaults at $275oz ?
Forever to be known as "Brown's Bottom" , this amazing blunder marked the beginning of the current bull market.
In what might be regarded as the definition of calling the bottom of the market, Mr Brown, who was then Chancellor, sold nearly 400 tonnes of the Bank’s gold at an average price of $275 an ounce. The sale raised about $3.9 billion between 1999 and 2002 but had he sold the metal this year, he would have raised $13.8 billion, based on an average price of $978 an ounce.....
The Bank of England holds 310.3 tonnes of gold, worth $10.7 billion. Mr Brown’s firesale means that the UK now ranks 16th in the world for gold reserves, according to the World Gold Council. It is between Venezuela at 15th and Lebanon at 17th.
Full Text
That Gordon Brown ???
Originally posted by timski
Originally posted by OBE1
The Gordon Brown that looted the Kingdom's Gold vaults at $275oz ?
Forever to be known as "Brown's Bottom" , this amazing blunder marked the beginning of the current bull market.
In what might be regarded as the definition of calling the bottom of the market, Mr Brown, who was then Chancellor, sold nearly 400 tonnes of the Bank’s gold at an average price of $275 an ounce. The sale raised about $3.9 billion between 1999 and 2002 but had he sold the metal this year, he would have raised $13.8 billion, based on an average price of $978 an ounce.....
The Bank of England holds 310.3 tonnes of gold, worth $10.7 billion. Mr Brown’s firesale means that the UK now ranks 16th in the world for gold reserves, according to the World Gold Council. It is between Venezuela at 15th and Lebanon at 17th.
Full Text
That Gordon Brown ???
Also the same Gordon Brown that announced a £16 Billion public-asset sale to cover the economic losses, and in announcing so, wiped billions off the value of sterling in one move.
So what was worth £16 billion on-paper is now worth a whole lot less as the result of his opening his gob
genius...sheer genius