Tuesday, October 14, 2008

Where will they find the money?

Some say a begging bowl is being held out towards Russia, if true that just shows the desperation. After the weekend spending spree on Scottish Banks with credit cards payable by English taxpayers, Brown and Darling must be feeling like a couple returning from a lost weekend knowing the bills are on their way but with senses too deadened from their excesses to fully grasp the enormity of what they have done! 5.2 per cent inflation, the escalator to be used for various state benefits for next year should further spoil the after-glow from their Marxist wet dreams! The Debt Management Office has announced Gilt Sales to begin to cover these excesses from 20th October, hang on tight, will we see the nationalised banks paying 12 per cent coupons on the Preference Shares of the Government now using their scalped shareholder's remaining funds to provide the investments that will permit the loans on which such shares were purchased? Farce indeed!

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