TOXIC DEBT, PHASE II.

As this shambles of a Government flounders on the rocks of it's own making, it continues to stack up the mammoth debt for our children and grandchildren. The latest scam being to encourage mortgage lending by the state owned 'Toy town bank', Northern Rock, by throwing a further £14 billion pounds at it, with a view to offering 90% home loans in a desperate attempt to kick start a housing boom. You may remember that Brown considers stamp duty on property purchase a type of productivity. The drop in sales of homes has proved devastating to this economic simpleton. This of course flies in the face of the more prudent mortgage suppliers who have to endeavour to survive by relying on investors funds and are offered little in return because of disgracefully low interest rates. This clown will do anything to push the day of reckoning further down the road. What he fails to understand is, that markets, like liquid, will always find their own level.

It is important that he, Brown, must face the music before making his escape to somewhere like Brussels, when removed from office. I still want his pension pot, plus those of his sidekicks. What about you?







BETWEEN A ROCK (NORTHERN) AND A HARD PLACE.