Sunday 10 June 2012

Gordon Brown has done for Britain what Neron did for Rome

Every single scam was in London whether CDS at AIG or MF Global or RBS Fraud, or HBOS - RBS and HBOS alone were major lenders in Oz and USA. How did RBS get a balance sheet bigger than UK GDP? Northern Rock was lending  50% mortgages in UK by 2007 to feed its Offshore Unit GRANITE. British Banks had the lowest reserve assets in the world and were the most leveraged. Banks have contributed 600% GDP as liabilities to UK taxpayers. Gordon Brown as an Economic Terrorist who has destroyed lives. He should be on trial like Bernie Madoff. There is not a single economic disaster that he avoided. How much did he sell gold reserves for?  Yielding a £1 billion windfall to China. How much did he destroy Mobile Phone companies with his 3G Auction so that they transferred handset manufacture to China destroying an industry where Europe was way ahead?
Brown is criminal - go read Steve Keen, the Australian Economist and his comment that Britain will face a credit crunch in 2012 because Bank Debt is twice that in the USA and then look at Liam Halligan telling us that Brown failed to get the banks to fess up to Bad Debt.

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