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Brown ‘putting pound at risk’
ITN
Tuesday, December 09, 2008
David Cameron has accused Gordon Brown of putting the pound at risk by increasing the national debt.
The Conservative leader said the government’s plan to boost spending to ease the economic downturn was “reckless” and would make the recession last longer.
He said the £20 billion economic boost announced by Gordon Brown last month would hamper any recovery as taxes rose later to bring national finances back in line.
(ARTICLE CONTINUES BELOW)
Mr Cameron said: “This Government is intoxicated with profligacy – and the bill for their binges adds up by the minute.
“Even though we’re borrowing absolutely at the limit, to go out and borrow another £20bn and to have a short-term giveaway, and then to have to whack up taxes later – I think that is a massive mistake.
“I think that puts the public finances at risk, it puts the currency at risk, it puts the whole economy at risk and I think it will actually delay the recovery.”
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5 Responses to “Brown ‘putting pound at risk’”
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| By N2H | |||||||||||||||||||||||||||||||||||||||||
December 9th, 2008 at 11:58 am
We have all heard the statement “that money is not worth the paper it is printed on”. Well I had heard a rumour recently, that the new one and two pence coins released in the UK, were no longer made of copper.
Today to test this out one of the lads on the building site took a two pence coin and cut it in half, sure enough it was some form of cheap alloy inside, which had then been copper coated to make it look like copper.
This just shows that due to continued inflation (actual currency devaluation) our small change is now not even worth its weight in copper.
The biggest joke of all to me is the lengths they (the politicians/bankers) have gone to, to try to make it look like (imply) it has some form of inherent worth/value.
The funny thing is, the lengths they have gone to to cover up their actions, shows without a doubt, it actually has NONE.
Just another way of attempting to perpetuate the lie/inherent dishonesty of a flawed/unbacked/worthless dying fiat currency, I suppose.
You cant even say “a pound is a pound” anymore, by the time you have said the second pound in the statement, due to rampant inflation/currency devaluation, it is no longer worth what the first pound in the statement was worth.
Its all a just a greater and greater compounded pack of lies/inflation, soon to come to its unavoidable/inevitable end.
GOOD LUCK TO EVERYONE OUT THERE IN THE LAND OF ‘MONOPOLY/TOY TOWN’ MONEY.
December 10th, 2008 at 4:04 am
Remember that the previous Chancellor (Treasury Secretary) Kenneth Clark and the current Shadow Chancellor, both in the current UK opposition, went to Bilderburg in Chantilly this 2008. None of them have said much of substance in the run up to this, before it is too late, and the opposition put full support behind the Iraq and Afghanistan wars that decimated the UK’s financial health. As usual, we get the option of voting out the previous criminals and are never given a real option for progress.
December 10th, 2008 at 4:12 am
1, Guru
That’s before they start the printing press. Did you know that there are loads of fake pound coins in circulation. Fakers will soon be making a loss. I wonder if Brown I mean BOE will bring rate down to 0% even thou banks are not passing on the “fool” reductions. Gotta love the Euro Boss.
MacDonalds now have a better debt rating than UK plc.
The cashless society will resolve the coin money wheel barrow problem.
Still trying to work out how UK plc are going to get out of this mess.
A race to the bottom so we can do it all over again seems the only option. Oh Dear.
December 10th, 2008 at 4:18 am
Cameron says, “I think that puts the public finances at risk, it puts the currency at risk, it puts the whole economy at risk and I think it will actually delay the recovery.”
EXACTLY!!! The “DEVIL” always lies in the detail. lol.
December 10th, 2008 at 6:20 am
6, I want to lick sarah palins bumfreckle
Wow, what intellect from a non truther who just can’t stay away.
pocket money is in the post kid.