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Post by see2 on Dec 21, 2023 15:32:30 GMT
He sold off part of an asset, (singular) and when you choose to denigrate Brown without making allowances for the International Financial Meltdown, you choose to deceive and mislead. Don't be daft , during the financial crisis no other leader of any country apart from the UK flogged off it's Gold reserves on the cheap.
The sale generated around $3.5billion – or £2.4billion. If Mr Brown had kept the gold, it would now be worth around £17billion. The average price since the sale ended has been almost quadruple that price, at around $1,000.
LOL...... and Starmer/Labour are worse than Brown.
Yes yes we know your figures more or less. They do of course ignore a decade of interest rates earned on Dollars, Yen and Euros. In other words your figures are misleading. Brown's selling of gold took place in 1999, not in 2008, now, can't you see how eager you are to make a fool of yourself? In order to make your wrong dates fit, you ignored the gist of my post. That sort of action ensures that you will never learn. And undermines your opinions to the point of being ignorable. |
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Post by sandypine on Dec 21, 2023 16:00:16 GMT
This is stark raving bonkers So if the BBC claimed that a Humbug was a mint, and tasted minty, would that be wrong ?, because its putting a label on it. How should the BBC describe a far Right political party ?, or should they simply state that "The Brothers Of Italy is a political party which most observers believe is a far right party". Or should they state that "The Brothers Of Italy is a political party, however the BBC cannot describe what type of political party for fear of breeching impartiality rules". One is a label attached by the British government - the other is a definitive description and a reference, do you not know the difference. ? A terror group is any group or organisation which harms, kills or intimidates usually innocent people, usually by using bombs, explosives or guns ...... a very fitting description which could very easily be applied to both Hamas and The Israeli Defence Force EQUALLY. But the BBC does not refer to the IDF as terrorists do they ? However we are not dealing with mint sweets, what we are dealing with is political groups and movements the labelling of which is open to subjective viewpoints. To that end the BBC have stated quite openly, and in some detail, that the likes of HAMAS will not be called terrorist by the BBC as that takes away from people the ability to make up their own mind. Most people in the world regard Hamas as a terrorist group but still that does not sway the BBC from their principles. Once we get slightly left of Corbyn though that 'principle' disappears in a puff of smoke and the affixing of any label they see fit. |
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Post by ratcliff on Dec 21, 2023 16:15:44 GMT
Your one eyed hero PM Gordon the history teacher sold off the country's gold reserves at bargain basement prices His idiocy made the country poorer I suspect you do not know the full story behind the selling off of some of the Gold by Brown, which is in no way as bad as the selling off of UK North Sea Oil, exacerbated by the selling off of Gas, electricity etc. etc. by Thatcher. __"Gold’s most pronounced price fall in the past decade happened from October 2012 to July 2013—nine months during which the metal lost over a quarter of its value."__ Gold is an unreliable backdrop that is not used as part of the economy, nor does it earn interest in the reserves whereas the three different currencies bought from part of the proceeds of the sale of gold and placed in the reserves, do earn interest. Brown also reduced the National debt with some of the proceeds thus reducing the level of ongoing interest payments on the National debt. Brown's move may not have been his brightest, but it was done at a time when currencies were king. The sale of gold was done for the benefit of the UK economy, whereas Thatcher's selling off of the "family silver" was done in order to keep her 'Corner Shop' ideology economically afloat. I do see Brown as a very good chancellor, who also, helped by Alistair Darling, stopped the UK's recession caused by the 2008 meltdown, from turning into a depression. You suspect wrong as usual - are you ever right about anything? and you dont even seem to understand basic supply and demand principles Your hero Gordon the one eyed history teacher sold the gold off at a knockdown price caused entirely by his utter stupidity in pre announcing his intention to dump tons of the UK reserves on the market According to your warped logic and utter devotion to the idiocy of Gordon the touchy one eyed history teacher - selling gold at bargain basement prices in order to buy currency because you say earns interest is a good move and the vast loss on gold to do so is irrelevant !  Would any normal person , say ,decide to sell their house at a huge loss and a bargain basement price because they could put the money in the bank and earn some interest? You and your hero might think that's a good move No-one normal would agree |
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Post by see2 on Dec 21, 2023 21:20:03 GMT
I suspect you do not know the full story behind the selling off of some of the Gold by Brown, which is in no way as bad as the selling off of UK North Sea Oil, exacerbated by the selling off of Gas, electricity etc. etc. by Thatcher. __"Gold’s most pronounced price fall in the past decade happened from October 2012 to July 2013—nine months during which the metal lost over a quarter of its value."__ Gold is an unreliable backdrop that is not used as part of the economy, nor does it earn interest in the reserves whereas the three different currencies bought from part of the proceeds of the sale of gold and placed in the reserves, do earn interest. Brown also reduced the National debt with some of the proceeds thus reducing the level of ongoing interest payments on the National debt. Brown's move may not have been his brightest, but it was done at a time when currencies were king. The sale of gold was done for the benefit of the UK economy, whereas Thatcher's selling off of the "family silver" was done in order to keep her 'Corner Shop' ideology economically afloat. I do see Brown as a very good chancellor, who also, helped by Alistair Darling, stopped the UK's recession caused by the 2008 meltdown, from turning into a depression. You suspect wrong as usual - are you ever right about anything? and you dont even seem to understand basic supply and demand principles Your hero Gordon the one eyed history teacher sold the gold off at a knockdown price caused entirely by his utter stupidity in pre announcing his intention to dump tons of the UK reserves on the market According to your warped logic and utter devotion to the idiocy of Gordon the touchy one eyed history teacher - selling gold at bargain basement prices in order to buy currency because you say earns interest is a good move and the vast loss on gold to do so is irrelevant ! Would any normal person , say ,decide to sell their house at a huge loss and a bargain basement price because they could put the money in the bank and earn some interest? You and your hero might think that's a good move No-one normal would agree The simple mindedness of your opening gambit proves that you are determined to expose your stupidity to the forum. Well done. |
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Post by sheepy on Dec 21, 2023 21:27:26 GMT
You suspect wrong as usual - are you ever right about anything? and you dont even seem to understand basic supply and demand principles Your hero Gordon the one eyed history teacher sold the gold off at a knockdown price caused entirely by his utter stupidity in pre announcing his intention to dump tons of the UK reserves on the market According to your warped logic and utter devotion to the idiocy of Gordon the touchy one eyed history teacher - selling gold at bargain basement prices in order to buy currency because you say earns interest is a good move and the vast loss on gold to do so is irrelevant ! Would any normal person , say ,decide to sell their house at a huge loss and a bargain basement price because they could put the money in the bank and earn some interest? You and your hero might think that's a good move No-one normal would agree The simple mindedness of your opening gambit proves that you are determined to expose your stupidity to the forum. Well done. An expert on simplemindedness? I never met one of them! |
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Post by Deleted on Dec 21, 2023 21:28:19 GMT
I am not sure whether selling the gold was a good thing or a bad thing, maybe its debatable, but what I do know is that if the UK economy was even remotely close to how it was under Gordon Browns steardship as Chancellor, we would all be better off.
Even the very best Prime Ministers make errors of judgement, even Winston Churchill did
Gordon Brown found billions of pounds, WITHOUT borrowing, to invest in our NHS, recruiting more staff, bringing down waiting lists, bringing down waiting times, and up until the world banking crisis the UK economy was booming .... look at it now.
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Post by Pacifico on Dec 21, 2023 22:17:46 GMT
Gordon Brown found billions of pounds, WITHOUT borrowing, to invest in our NHS, recruiting more staff, bringing down waiting lists, bringing down waiting times, and up until the world banking crisis the UK economy was booming .... look at it now. Where - down the back of the sofa?. Tell me you are not that gullible...  |
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Post by Deleted on Dec 21, 2023 22:50:09 GMT
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Post by dodgydave on Dec 22, 2023 2:18:44 GMT
This is stark raving bonkers So if the BBC claimed that a Humbug was a mint, and tasted minty, would that be wrong ?, because its putting a label on it. How should the BBC describe a far Right political party ?, or should they simply state that "The Brothers Of Italy is a political party which most observers believe is a far right party". Or should they state that "The Brothers Of Italy is a political party, however the BBC cannot describe what type of political party for fear of breeching impartiality rules". One is a label attached by the British government - the other is a definitive description and a reference, do you not know the difference. ? A terror group is any group or organisation which harms, kills or intimidates usually innocent people, usually by using bombs, explosives or guns ...... a very fitting description which could very easily be applied to both Hamas and The Israeli Defence Force EQUALLY. But the BBC does not refer to the IDF as terrorists do they ? So you have gone from 100% they are far right, to "most observers" say they are. It is obvious to anybody with a brain that both she, and her party have moved towards the centre in order to be electable. Ask anybody in the street what a "far-right rally" would look like and they would say skin heads and swastikas... and that is exactly why the BBC are way out of order on this one. Would you be happy with the BBC labelling Corbyn as far-left just because some commentators and media do? I wouldn't. I would hope they would call him left-wing / a Democratic Socialist because THAT IS HOW HE IDENTIFIES. |
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Post by Red Rackham on Dec 22, 2023 2:41:39 GMT
Gordon Browns Labour government told police not to investigate grooming gangs - link
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Post by see2 on Dec 22, 2023 6:51:06 GMT
The simple mindedness of your opening gambit proves that you are determined to expose your stupidity to the forum. Well done. An expert on simplemindedness? I never met one of them! I don't claim to be one, I just posted the obvious. I guess that was too complicated for you to understand. |
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Post by see2 on Dec 22, 2023 7:01:22 GMT
Gordon Brown found billions of pounds, WITHOUT borrowing, to invest in our NHS, recruiting more staff, bringing down waiting lists, bringing down waiting times, and up until the world banking crisis the UK economy was booming .... look at it now. Where - down the back of the sofa?. Tell me you are not that gullible... By selling off some of the UK gold, financing was also needed for filling the big black economic hole left in the education system, thanks to Thatcher 'Grant Maintained' education funding that left the majority of state schools seriously underfunded. Two big black financial holes created by Thatcher and passed onto New Labour by John Major. I suspect Righties like yourself are the gullible ones for swallowing and promoting so much misleading Tory propaganda. |
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Post by see2 on Dec 22, 2023 7:22:10 GMT
Gordon Browns Labour government told police not to investigate grooming gangs - link
From your source. __"GORDON Brown’s Labour Government allegedly urged Police Forces across the UK ‘not to investigate’ grooming gangs."__ Huddersfield Grooming Gangs: __"The Huddersfield grooming gang was a group of men who were convicted of sexual offences against girls in Huddersfield, West Yorkshire, United Kingdom. It is the largest gang ever convicted for sex abuse in the United Kingdom. The offences took place between 2004 and 2011, and the men were charged following the Operation Tendersea inquiry by the police."__ "Operation Tendersea has been a long running West Yorkshire Police investigation focused on the sexual exploitation and abuse of young girls in the Huddersfield area between 1995 and 2013. In 2017 the Tory government required that the ethnicity of offenders not be revealed, which apparently upset many Right-Wingers. |
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Post by Pacifico on Dec 22, 2023 7:29:50 GMT
Where - down the back of the sofa?. Tell me you are not that gullible... By selling off some of the UK gold, financing was also needed for filling the big black economic hole left in the education system, thanks to Thatcher 'Grant Maintained' education funding that left the majority of state seriously underfunded. Two big black financial holes created by Thatcher and passed onto New Labour by John Major. I suspect Righties like yourself are the gullible ones for swallowing and promoting so much misleading Tory propaganda. I dont think the bungled sale of gold (with the vast cost to the State) is a particularly good example of financial acumen - but each to their own.. |
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Post by Fairsociety on Dec 22, 2023 7:59:04 GMT
Where - down the back of the sofa?. Tell me you are not that gullible... By selling off some of the UK gold, financing was also needed for filling the big black economic hole left in the education system, thanks to Thatcher 'Grant Maintained' education funding that left the majority of state seriously underfunded. Two big black financial holes created by Thatcher and passed onto New Labour by John Major. I suspect Righties like yourself are the gullible ones for swallowing and promoting so much misleading Tory propaganda. What you mean Brown had to flog off our gold on the cheap because Labour had bankrupt the country, causing a 'big black economic hole'.
That is the Labour forte, get in to power, squander tax payers money on nonsense, with nothing to show for it, just dead money, then the Tories have to take over and we have to suffer years of austerity cuts to plug the financial hole that Labour left.
Brown was trying to flog off all state assets to balance the books, if it wasn't nailed down Brown would try to flog it, he had to be strip searched by security when he got kicked out of No. 10, his removal van was raided by the police.
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