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.
No comments:
Post a Comment