Tuesday, November 09, 2010

ROCKET SCIENCE & THE GOLD STANDARD

The World Bank suggestion that a return to "The Gold Standard" should be considered comes at a time when rocket science is undergoing a renaissance: that is real rocket science rather than the kind deployed in recent years by banks, and largely responsible for the global financial crisis. We should also remind ourselves that much of Britain's reserves of gold were sold by "No more boom and bust" Brown when Chancellor of the Exchequer on the advice of his own personal rocket scientist, Ed Balls, when in fact both men were ill-equipped to run the proverbial "p.ss up in a brewery".

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