by Bill Holter, Miles Franklin:
David Cameron, Prime Minister of Britain wrote an article which was published in The Guardian yesterday. The headline “Red lights are flashing on the global economy” in my opinion is very true what he followed the headline with was not. In this article which was penned after leaving the G-20 summit, Mr. Cameron went on to mostly tell the truth about the global woes but was very careful to exclude Great Britain. To me, this sounded like some sort of “whistle stop” campaign about how well Britain is being managed and their risk is the possibility of being tipped over by global events.
“Well managed” he purports? This is not even close to being so and the “austerity” he speaks of is only a pipe dream and no longer even an option. I would ask him a few questions were he willing to take any, such as “didn’t Britain try austerity for 6 months or so only to find out it cannot be implemented without an economic and financial implosion?” I might even ask him how he feels now that Britain sold 60% of their gold reserves at the worst prices possible since 1979 …but that wouldn’t be a gentlemanly question would it.
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