#G0613* – Mr. Brown Went to Town & LOST US A FORTUNE!
clearly it is considered by the author of the article below that The EU made the biggest blunder but there were two far worse!
There was the blunder of Biblical proportions when in the process of inventing a new bronze age god it is claimed that 3 wise men visited his birth within days bearing gifte – Firstly there was little original about this birth as there are at least 20 births to virgins after visitation by so called angels or holy spirits giving rise to the birth of various gods long preceding the claims of Jesus and most of them were cruxified and rose from the dead after 3 days and had a connection with The Winter Equinox (now called christmas by some!).
To have been caught on this old story was far from the actions of a ‘Wise’ man! Further had they flogged off the Frankinsense and Myrrh and bought gold that together with the gift of gold could have been invested in the building society at base rate on an annually compounding basis and the gold they would have accrued for their own descendents would have now been a block the size of the moon!
Some wise men! In fact there is no record in the story as to what happened to the gift – in fact there is absolutely no contemporary record of either the birth or the existence of anyone called Jesus of any note and Christ was just a title meaning saviour – the Romans kept meticulous records!
Was he just the symbol of the end of the era of Taurus which mythology started with Moses and the destruction of the Golden Calf, and the start of the age of Pisces hence the fish sales logo the 12 fishermen as apostles and the new era which is now ending.
Just another myth introduced to control people using the previous myths of gods with their commandments and controls – when you consider the source of the 10 commandments as neing extracts from the Egyptian Book of the Dead and 10 of the 12 commandments of Zoroaster.
As I said – Wise men!!!
Then we have Gordon Brown whose economic blunders were staggering starting with surrendering control of the economic levers to The Banks, clearly he lacked the ability to manage the sweety money in a school Tuck Shop! He then went on to sell off just over 400 metric tons of gold at the worst price he could get, by announcing sales in advance – he obtained rather less than $280 an ounce when we have seen gold at $1,926 an ounce and even now on a fall back position it is over $1,650.
Not content with this idiocy he clandestinely linked these United Kingdoms into propping up The EUro which was from the very start quite clearly nothing more than an accident looking for somewhere to happen!
Gordon Brown then disasterously failed to control the banks he was resoponsible for and authorised the buying of US Junk debt that even the US would not handle and thus Gordon Brown, largely through Northern Rock and his chums in Royal Bank of Scotland destroyed the economic base of Britain.
Even agreeing in the midst of this crisis to hand over control of Britain to the corrupt and malign EU through signature of The Lisbon Treaty and agreement to raise VAT to 20% – Some may remember Harold Wilson’s infamous Labour speech about ‘The Pound in your pocket …’ well we all know that was the start of Labour’s destruction of the British economy – with Gordon Brown’s last action meaning The Tenner in your pocket was only worth £8 as 20% was his new rate of EU Value Added Tax!
You will find the background to Labour’s idiocy of interesting as it was written in April 2011 just a month before the British peoples resoundingly booted the crooks in Labour out of office!
| Written by Mad Hedge Fund Trader
|Wednesday, 27 April 2011 13:20
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One of the great asset management blunders of all time has to be the
EC’s decision to sell its gold reserves in the wake of the launch of the
Euro in 1998. The decision led to the fairly rapid sale of 3,800 tons of
the yellow metal at an average price of $280/ounce, reaping about
$56 billion, according to the Financial Times.
Today with gold at $1,500/ounce, the stash would be $300 billion.
On top of this, the Swiss National Bank is poorer by $70 billion, after
offloading 1,550 tons of the barbaric relic. The large scale,
indiscriminate selling depressed gold prices in the early part of this
decade. It is a classic example of what happens when bureaucrats
take over the money management business, ditching the best
performing investment on the eve of a long term bull market.
The funds raised were largely placed in poorly performing national
Where did all that gold go? To hedge funds, gold bugs, and
inflationistas of many stripes, despite the fact that long dreaded
price appreciation never showed. The good news for gold bugs is
that these reserves are largely drawn down now, and future
selling will trail off in the years ahead.
The shrinking supply can only be positive for prices.
By. Mad Hedge Fund Trader
John Thomas, The Mad Hedge Fund Trader
is one of today’s most successful Hedge Fund Managers and
a 40 year veteran of the financial markets.
He has one of the best performing newsletters and has
just launched a new investment service for
Investors and Traders. Click here for more information.
“In politics, stupidity is not a handicap.”
Napoleon Bonaparte (1769-1821)
for all my contact details & Blogs: CLICK HERE
British Politicians with pens and treachery, in pursuit of their own agenda and greed, have done more damage to the liberty, freedoms, rights and democracy of the British peoples than any army in over 1,000 years.
The disastrous effects of British politicians selling Britain into the thrall of foreign rule by the EU for their own personal rewards has damaged the well-being of Britain more than the armies of Hitler and the Franco – German – Italian axis of 1939 – 1945.
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