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Tuesday, 22 November 2011

Logic problem: Gordon's gold sell-off revisited

Help me out here.

If Gordon Brown sold off the UK's gold after alerting the markets as to his intentions and used the proceeds to buy Euros, didn't he, in effect, make an indirect financial contribution to the EU?

I.e., pouring money into Euros so that the ECB wouldn't have to - given its stated aversion to printing 'money'?

If so, what did he get in return? What was promised?

Quite a lot of jiggery-pokery going on, if you ask me.

1 comments:

Andy said...

well no one could know what is going on in the mind of that person. well you could never find a solution nor a answer to this so just chill. and allow me to drive my Taxi to Orlando airport

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