After Gold, is Water the Brown Bottom II?
The billions lost by Brown’s decision to sell Britain’s gold reserves are mounting as gold prices have more than quadrupled since his decision. He has the reverse midas touch when it comes to market timing. This chart shows what is known in the gold market as “Brown’s Bottom”:
Now far be it from Guido to oppose a privatisation, but he seems intent on doing for water what he has done for gold. Gordon wants to sell the British Waterways’ property portfolio in a £16 billion asset fire sale. Obviously this is prime development land with waterside views. However we are in the midst of a property slump:
Selling development land now is just plain stupid because it is too cheap. Essentially Gordon is so desperate to raise capital it seems he is willing to sell at any price, even if it is a crap deal for the taxpayer. If you are going to do asset sales, you don’t sell assets with depressed prices.
He’ll give ‘em away rather than leave ‘em for the Tories to use to flatter their budget with.
Anyway Guido you know yourself that in a bank*upcy situation you do indeed liquidate all the assets and sell them off for whatever you can get to pay the creditors. While you’re rightly laughing at his shite market timing the fact is that this isn’t market timing at all. Market timing would have sold these off in 2006/2007 at the peak of his property boom.
This is a firesale.
This is selling next years seeds to buy a loaf today.
We’re fucked.
It’s Micawber economics. Something will turn up.
Probably the IMF. The only question is will it be before the election and be a badge of shame that will consign Labour to the history books or can he just squeeze enough borrowed money out of the system to land Cameron with the whole shit-pot.
That’s the limit of Labour’s economic ambition right now – avoid bank*upcy on their watch even if they’re merely deferring it by a few months and indeed increasing the likelihood with their reckless pursuit of more borrowing.
Yeah, but Micawber understood economics.
The proposal is, as you point out, jgm2, blatantly ‘Party before country’. and ‘scorched earth’.
Anyone with any ‘nous’ has seen through that.
When the Ruskies recent proposed Gold sale leaked they pulled the plug on it for fear of someone getting it on the cheap.
Gordon in his esteemed wisdom announced it in plenty of time for the price to be driven down to record lows, so the speculators made a killing.
W.W.
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SPEQUEUEL8* 2 AKQUEUEMYULE8*
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ASTA
I like the three bare ladies bums facing me in that advert.
semi bare even, my eyesight is not what it used to be.
It’s actually worth playing too. Cheers a chap right up.
It’s a better bottom than Brown’s.
I deduce therefore that you are not Peter Mandlescum
Good old Gordon. What a cretin.
When will someone just take this doom merchant of a hoon out!? He seems destined to screw this country as much as is possible!
Scorched earth, thanks Gord
Scotched Earth more like
We love a good fire sale, and the PM’s really on fire with this sell-off plan too.
Aim your nozzle at the base or seat of the fire.
I’ve been aiming my nozzle at the seat for years, duckie.
You only push back the inevitable though
Be fair…..He’s only doing his best…..Pity we’d be better off under the leadership of Blobby.
Fortunately Two Jags seems to have retired
It depends on what you mean by doing his best.
Anyone cynical enough to suspect that The Leader retains the marxist conviction of His salad days might well consider His best to have been proved a masterpiece of consummate achievement.
Can someone chop his fucking hands off
Has anyone noticed his eyes are pure black. Gordon is pure evil.
Maybe he’s posessed? Nothing could suprise me about the man, he needs someone like Mr Abdul, he advertises in the metro, ‘a proven witch doctor with over 20 years experience’…
I clinked through on the advert at the top of this page “In May 1999 – Gordon Brown Sold Most of The Countries Gold Reserves”
……. and signed up for the petition against selling off the Waterways at fire sale prices.
Good luck to them.
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HAI GUISE
THE BANQK OF ANTARQKTYQKA IS THE WURLDS* FARSTEST~GROWING BANQK
HERE IS GNOMES* CHINESE SHORT MARTCH STRATEDGY
PAYPER IS THE CHEAPEST OPTSHAN, WATER IS THE WAY,
PAYPER IS THE CHEAPEST OPTSHUN
AT THE END OF THE DAY
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ASTA
will it be really british waterways he wants to sell or English waterways?
I’ll have to be the Southern English ones, because the only seats he’ll win are up north.
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COUNTRYS*
KHUNTREES* SUKKER
HARF OF ENGLANDS* GOLD WREESERVES
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AND HE HELD ONTU THE UTHER HARF
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ASTA
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BY THE SAME TOKEN
HAGGISSFACE KEEPS MUMM AND EMPLOYS KRAPPSZ* STRATEDGY
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ASTA
What properties? Seems to be a private sale to friends?
I got pulled over the other day and the cop told me to keep an eye on my speed.
I was really thankful, I didn’t notice it was falling out of my pocket.
lol it’s the way you tell them
I decided to give up seeking political power.
I’m going to be prime minister anyway.
I wouldn’t say the wife is happy about having to move to number ten.
The wisteria is awfully absent. hmmmm. Europe’s on the phone? Oh goody…
Besides the asstet sales, there’s all the revenue collecting departments who have been given impossible targets to reach and are breaking laws and bullying ruthlessly in efforts to raise money by whatever means.
The CSA are imposing a tax on divorce. Collecting money which never goes to wives or children.
With the recent law changes that put all court costs on the defendant, even if they win, we will soon see financial targets set for the police, council officials et al – and an avalanche of made up charges designed to raise revenue and no more.
What a miserable fucking hoon. Shoot the bastard. He’ll sell the waterways simple because the Torys oppose it, the man really is that pathetic, it’s scorched earth in the hope that the country will be in such shit that the the Con’s will only last a term.
I will sell your mum to Europe for peanuts.
You have my cast iron guaruntee on it.
Someone should shoot brown before he does any more damage.
Great news and I look forward to filling me bootees with BWB stock at the IPO.
Drown Brown.
Notice of Sale by Auction.
Lot 1. One Navy (not many boats).
Lot 2. One Air Force (very few helicopters, new Typhoon fighter, little used).
Lot 3. One Army (slightly demoralised, several very old Landrovers).
Lot 4. Large building in Westminster, formerly used for running UK. May be suitable for nightclub or amusement arcade.
Lot 5. One Royal Family, with residences. Not previously marketed.
Reminder to bidders – hammer prices do not include Buyer’s Premium or EUVAT.
This man and his miserable band are a bunch of fucking traitors.
I’d be more than happy to have them on the gibbet and kick the fucking stool away when the revolution comes. No long drop for these shitbags, slow strangulation, 18th century style is what they deserve!
Unfortunately I will have to make do with having them booted from office once they have finished destroying our nation.
I truly hope people remember the treachery, incompetance, thievery, corruption and malice of the labour party for generations to come.
Voting labour=treason
The old KGB handlers must be smiling. Jones,Scargill, and ‘Red Robbo’ in the 70′s wrecked British manufacturing; this cretinous bunch have managed to do the same to financial services.The shooting should have started in the 60′s, begining with the educational establishments.
Here Here,
History will not be kind to us.
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WEN WAR BRAYKES AOUWT
PEOPLE SHAOUWT,
THEY KAWL AOUWT IN DESPAIR:
HAO DID WE
LET THIS HAPPEN HEEYER,
Y DOES NOBHODDEE KARE
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ASTA
Start with kinochio , treason & theft from the public, got to be a topping offence. Move smartly on to benn pere , treason & being an utter, utter cnut, all the ones after that just deserve life on the old workhouse treadmill.
There are no reds in the Tory party
You have my most salmon parsley sauce on it with dill and peppercorn oil. yummers.
I wonder how much property the UK gov now owns in Dubai? Perhaps Brown can sell some of that off. Oh dear not again.
Double dip recession, we will bump along until 2011/2012 only Olympics will see economy start growing again without assistance.
AAA will be lost in Fenruary
My son is always losing his from the back of his Xbox controller.
My son was always verbally abusing someone down his xbox microphone until he got a slap round the head and followed with one to the ass.
No doubt the SS will want to arrest me now i’ve confessed that.
Brown est Bastardos son of thee beetch.
Is that you, Silvio?
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BANDEEDOS
IN THESE PARTS,
A MANS* LIFE KAN SUMTIMES DEEPEND ON A MERE SKRAPP OF INFOURMAYSHAN
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ASTA
A WORD OF WARNING GORDON – it’s not yours to sell. . .
Brown reminds me of an old joke about a faith healer, who put his hand on his wife’s twat ……. and it healed up.
Seems to be the way the world turns, for Gordie
Does Brown think house buyers or developers are as insane as he is???
We’ve just witnessed the wet wet wet results of living in a house next or near to a water course in Cumbria last week (and nigh-on anywhere else in the previous 5 years) didn’t he join the dots on his mercy visit or is he the Westminster village idiot (oh hang on)…
No-one in their right mind would build or buy land belonging to the Inland Waterways.
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GROW RICE
Response to the RNLI petition
http://www.number10.gov.uk/Page21450
I’m not entirely clear because of the language used, but is that a U-Turn?
It’s the decision on Tuesday to do the opposite of the decision on Monday
What about British Waterways Marinas Limited.
A kind of offshoot of BW. They basically have all the profitable bits and can act like a company giving bonuses etc. However, they are out of control. Their corporate waste is what is taking money out of the waterways system.
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BRITISH GAS
LUNDUN KLAY
EURO TAOWER
EURO PLAY
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ASTA
Brown really IS thick, isn’t he?
Nobody can be THAT thick: his and Blair’s policies against the UK are deliberate.
What happens if the area gets flooded? in my town they built a new block of flats on the river and as soon as Autumn came it flooded and destroyed the car park and entrance and left them stranded inside or without cars.
Do they just build any old shit anywhere these days without planning these things properly?
If we are in the same golf club, yes.
How much income does the portfolio generate? You can’t make a sensible decision without knowing that.
was watching a Cleavland Show I’d downloaded last night which had Cleavland Brown Jnr running for class president.
Was wondering if they were thinking of Britain when they had Brown running a dirty tricks campaign.
Of course he’ll flog off the water to his mates for nout – scorch earth for favours is his favourite pasttime
its bad for waterways as well – there is a no 10 petition I commend to conspirators
I’LL HAVE YOU KNOW I COULD OF BEEN ONE OF THE GREATS, I WAS BACK IN THE GOLDEN DAYS THEN, THEY TOOK IT ALL AWAY. NOW LOOK AT ME.
I COULD OF BEEN ONE OF THE GREATEST.
I will only sell what I have to.
You have my most salmon vow.
This is why Brown needs to go now, before he does any more damage to Britain.
You do not sell land assets when prices are depressed!!!!! You do if you are Gordon with an eye to who will give that well paid job after you leave Government.
Gordon is a complete moron, but the assumption that this property portfolio is at a bottom is wrong. House and land prices are still massively overvalued, which will make property owners feel the effects of this dickhead’s incompetant economic management for years to come. Gordon’s property bottom with all its dimples, spots and matted hair will only be reached years after this fool has been dumped out of office.
I know you like a bet Guido but clearly you are not a racing man. Study the form and you will see the most likely outcome uis Gordon will sell the land at a knockdown price then the government will lease back the new buildings, paying way over the odds rents.
It’s called a Private Finance Initiative.
The King Is In The Altogether
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THE QWEEN IS IN YELLOW
THE QWEEN OWNS THE LAND
PARLIAMENT ONLY SELLS TITLE DEEDS
HOLDINGS
FREE HOLDINGS
BITS OF PAYPER
THE QWEEN OWNS THE LAND IN PHFIZZyKAL WREEALITEA
THE BANQK OF ENGLAND OWNS PARLIAMENT
WRATHS*CHILD OWNS THE BANQK OF ENGLAND
AND THEIR KOMBINED HOLDINGS (LOT 7*)
AMAOUNT TU WURTHLESS BITS OF BANQK PAYPER
KREDDIT NOTES
LITTER
WEN AWL IS SED AND DUN
AT THE END OF THE DAY
YU KAN BANQK ON IT
INDyEND
THAT IS WOT THE QWEEN MEANS WEN THE QWEEN SAYS WE OWN THIS LAND
WE MEANS ME AND MY PEOPLE
ME AND MY ARMY
WE OWN THIS LAND
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1999
THE MILLENNIUM PROPHESSEA
THE TRUMPETS WILL SAOUND,
THE BELLS WILL RING AOUT,
THIS MESSAGE THEY WILL SEND
THAT JUSTICE RULES
AOUWER KINGDUM NAO,
AND KROMWELLS* SUCCESSHUN
HAS KHUMM TU A END
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PARLIAMENT IS KHORRUPT
PARLIAMENT IS BANQKRUPT AND WELL AND TRULY STUQK IN ACCELERATED TERMINAL KAOUNTERPRODUQKTIVE MODE
THE QWEEN IS THE SAME THING AS YORE LIFE INSHURANTS INDyEND SUKKERS
YHODGODALLAH WILL KNOT SAVE THE QWEEN
ONLY YE THE PEOPLE KAN SAVE THE QWEEN
AND ONLY THE QWEEN KAN SAVE YE THE PEOPLE
YHODGODALLAH DID KNOT SAVE THE DGJEWS
SEW Y SHOOD YHODGODALLAH BOTHER TU SAVE THE ENGLISH
BILD EKO~SHAQKS
IN ENGLANDS* GREEN AND PLEASANT LAND
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ASTA
Your words hurt my half eye
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GOD SAVE THE QWEEN
HER BET IS HARF A KRAOUWN,
YHODGOD SAVE OLIVER KROMWELLS* HEAD,
THE BANQK OF ENGLAND
IS GOING DAOUWN
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ASTA
$
%
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HAI GUISE
GREETINGS FROM FOLSOM
THE FED IS PRINTING WURTHLESS BANQK MONEY AND LENDING IT AT INTEREST TOO UDDER BANQKS
THE SERVER BANQKS ARE LENDING IT AT INTEREST TWO THE WALL STREET INVESTMENT BANQKHURS AND WEDGEFUNDERS
THE BANQKHURS AND WEDGEFUNDERS ARE BUYING GOLD (BONDS)
SEW GOLD IS THE SUKKER SUKKING UP INFLATION
UNKL SAM IS BANQKRUPT AND WELL AND TRULY STUQK IN ACCELERATED TERMINAL KAOUNTERPRODUQKTIVE MODE
WEN FISCAL STIMULUS FAILS THE ONLY OTHER OPTION = GOLD @ $8000
THE BANQK OF ENGLAND IS IN EWEROPE NAO
HAGGISSFACE PAID OFF THE NORTHERN IRELAND ASSEMBLY
THE WALL STREET BANQKHURS ARE IN BELFAST (AWLWREDDy)
PADDY IS BANQKRUPT
PADDY HAS LOST EVERYTHING
TURKEY WILL BE IN EWEROPE SOON AND PADDY LIKES LOTS OF TURKEY AND TURKISH DELIGHT
CHINA IS SELF~SUFFISHENT AND INVESTING EVERYWARE UTHER THAN IN AMERRYKA
THE AMERRYKAN SUKKERS ARE TRYING TU TORK CHINA INTU THE DRIVING SEAT IN KOPENHAYGAN
MIDWAY ISLAND SUMS UP THE POSITION
ON THE GREEN MARKIT
GOLD WILL SOON BE WURTH ITS* WEIGHT IN PAPER
RICE PAYPER
WRICE PAYPER M8*
Why is it that when the subject of Gordon Brown flogging off our gold reserves at rock bottom prices comes up,nobody ever seems to remember that a couple of days before he did it,he announced to the world that he was going to do it.Funny how the price dropped!
It’s like playing 3 card brag and telling your opponents you are holding three threes before the you start betting.
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FREE FREES
THAT SAOUWNDS LIKE WRATHS*CHILDS* GAMBIT
TOP BOY IN THE SITTEE OF LUNDUN KAWLS IT PLAYING A KURRANTSEA BLINDER
BUBBLE OR NUFFING
THE SUMS ARE SIMPLE ENOUGH
BUT IN THIS GAME YU MUST PAY TU SEE SUKKERS
AIN*T THAT RITE GHEEDOUGH
FREE FREES
FREE FOURS
WUN 8*
M8*
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ASTA
one of our last remaining national treasures. And there to be taken from the people i.e a latterday enclosures act, to be handed down at rock bottom prices to land developers. Arise you levellers
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THE NAYTIFFS ARE WREEVOLTING
THEIR FASHAN IS WODE,
THEY ARE BLOO PEOPLE,
THEIR BLEEDER IS TOAD,,
THEY ARE QKWAIYET,
AS IS THEIR WAY,
THEY HAVE MUTCH TU DOO,
AND KNOT MUTCH TU SAY,,
THEY ARE WAYTING
FOUR A RAINY DAY,
THEN THEY WILL BE MUD: KOLON :
BUTT FOUR NAO
THAY
ARE
KLAY
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ASTA
Everyone in Europe is shopping at http://www.TheShoppersList.net don’t be left out.
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BLOODY
BLOODY
CHOPPING,
AWL DAY BLOODY~LONG
BLOODY, BLOODY SCHOPPING,
KEEPS ME FIT AND STRONG
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ASTA