Comments on: Britblog Roundup 193

By: val

val — Mon, 27 Oct 2008 14:59:32 +0000

Actually I would have more faith in China or Japan to look after any money on Deposit.

Russia is determined to overtake Britain as a Financial Market and is busily building
a huge circular tower to accomnodate the set-up. Also, it is laying pipelines to provide
Gas to Algeria, Libya etc and has just signed a Partnership with Iran. Watch this
space!!!!!!!

By: chenier

chenier — Mon, 27 Oct 2008 14:51:05 +0000

Val,

That would definitely be Sarkozy, not even Sarkozy; he has a competing plan for a new world order, and nipped off to Beijing to try and persuade the Chinese to sign up.

The Chinese are certainly going to take action, but possibly not what Sarkozy has in mind.

The French banks are pushing for changing accountancy rules which would lend a somewhat cheerier picture for their Troubled Assets; the Chinese and the Japanese are working together in a way unparalleled for almost a century, and the last thing they want is a cheerier picture.

They are incredibly conservative and will run a mile at the very thought of tarting up the balance sheet to try and make it look better…

By: val

val — Mon, 27 Oct 2008 14:43:10 +0000

Even Sarkozy in a televised speech suggested that each Country should not necessarily
adopt wholeheartedly the British approach.

Where is the IMF getting all this money to lend to all these Countries, Ukraine, Hungary, being the latest.?

A report on the Russian situation said their Economy had grown by 7% for the last
7 years and they salted away a part of this every year, with the result that they have
a Reserve now of £500 million. Why didn”t our PRUDENT chancellor think of
doing that?

By: chenier

chenier — Mon, 27 Oct 2008 14:23:34 +0000

I don’t think he gives a f*ck for the Cod War; that’s ancient history.

Nor does he give a f*ck for any economist who did not predict this 24 carat Grade A1 disaster.

That leaves a rather short list…

By: val

val — Mon, 27 Oct 2008 14:15:05 +0000

I think he was trying to get his own back for Britain losing the Cod War. He is looking
very tired now and more and more Economists are suggesting his trying to spend his way out of Recession is the wrong approach.

By: chenier

chenier — Mon, 27 Oct 2008 14:11:02 +0000

I don’t think Gordon is interested in friends at the moment; he is trying to keep the country afloat.

I was surprised by his use of the Terrorism Act to seize funds but perhaps Mareva Injunctions would have taken too long…

By: val

val — Mon, 27 Oct 2008 14:05:09 +0000

Gordon Brown proved how ruthless he can be, b ut his action will not win him many
Friends. The Isle of Man is considering suing him because by siezing the Bank A/C
the IOM are unable to settle their Depositors accounts.