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for previously archived news article pages, visit the news archive page (click on the button above) | IX-2007: 15 16 22 | X-2007: 15 | X-2007: 06 | XI-2007: 08 16 | XII-2007: 04 14 16 | I-2008: 26 | II-2008: 20 | III-2008: 14 21 27 | IV-2008: 09 | V-2008: 01 |
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rumbling on: brown the clown’s errors leading to the northen crock failure
It is clear that Mervyn King, the current Governor of the Bank of England, knew what should be done. It is clear that Eddie George (the previous B.o.E. Governor) also knew his onions, and had balls. Gordon Brown the Clown replaced Eddie George. Mervyn King trims. As far as I am concerned, the main blame lays primarily in one place, but who ever expected any socialist to have intelligence or ethics. It was Brown the Clown who set the pseudo-inflation rate. It was the Clown who appointed/controlled the current Bank of England board. The ongoing UK economic problems of house price boom/bust and huge personal indebtedness are Gordon Brown’s responsibility. An inflation rate of 2-3% is considered optimal. Gordon Brown set a pseudo-inflation rate that ends nearer 10% [see Perception of value, and inflation]. Brown (and now the finance minister he appointed, Alistair Darling) sets the terms, that is: his fake inflation rate is used in place of meaningful data. The Clown has (naturally) made a complete pig’s ear of the economy, where short-term advantages for socialism = long-term failure for society. There is no blame anywhere else, unless you consider anyone with balls would refuse him as an employer. And the Prime Minister is chosen by fellow Parlimentary members, no doubt looking to their future prospects and comfort. related
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