Thursday 14 January 2010

Do not trust this man.

As Chancellor of the Exchequer of the UK, he oversaw the greatest ever increase in public debt ever experienced by the UK.

As the economy seemingly expanded, house prices rose, and the little people felt wealthy, he sold made a mess of the UK.

He:

In 1999, sold off the UK Gold Reserves at a rock bottom price.
He sold gold at $275 per ounce. Today gold is worth $1200 per ounce.
UK has some of the lowest reserves of gold in the world.
We currently have about 300 tons in reserve.
USA has over 8,000 tons.
Germany has over 2,200 tons.
France has over 2,500 tons.
The UK has next to nothing to sell in times of crisis.

He has ploughed Billions into the NHS.
The NHS now has more middle managers than front line nurses and doctors.
The money has been wasted. Waiting times are still the same.

New Labour says that it likes to use Keynesian Economic Theory for its running of the economy.
New Labour is spending a lot of government money during a recession. This is a good thing to do as per Keynes. However, Keynes also insists that to pay for the bad times, you have to save during the good times. Gordon Brown, having overall responsibility for the UK economy, did not do this.

Do not trust Gordon Brown. Now that he is Prime Minister he is destroying the UK, socially and continuing his economic catastrophes via his puppet, Chancellor Darling.

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