Saturday, June 04, 2005

Bronze Prize for the Gordon Brown

According to a BBCi article yesterday, one of the reasons the Americans are not supporting Gordon Brown's moves to provide 100% debt relief for the African states is that it involves selling off gold reserves of the IMF. Gordon Brown is gaining a reputation for selling gold after selling off British reserves and replacing them with paper currency (and stupidly announcing he was going to do this beforehand so the prices dropped). Why has he got such an obsession for selling off gold?

Probably because he's finished selling off the family silver...

(Incidentally for an excellent analysis of why Live 8 won't change a thing, read Dr. Madsen Pirie's article today on the Adam Smith Institute's blog)

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