Monday, April 06, 2009

Will gold and rank incompetence save the world? [updated]

Three minutes before Daniel Hannan now famously tore Gorgon Brown a new arsehole in Strasbourg twelve days ago, MEP Nigel Farage  took the Gorgon to task for his incompetence as Chancellor:

"We have not heard an apology. Your Government has apologised for the Amritsar massacre; you have apologised for slavery; you have apologised for virtually everything. Will you please apologise for what you did as British Chancellor.
"

"
As far as the economy is concerned, you have told us that somehow you are the economic guru," said Farage, that "you are the man who can save the world.

"Well, I remember very well your first big act as Chancellor when you sold 400 metric tonnes of gold on the worlds exchanges at USD 275 an ounce. At todays valuation, that would be USD 10 billion higher. It was not just the fact that you got it wrong, because we can all get it wrong. It was the fact that you announced in advance how much you were going to sell and on what day you were going to sell it. It was an error so basic that the average A-level economics student even in these educationally devalued times would not have done this."

"
An error so basic that the average A-level economics student even in these educationally devalued times would not have done this."  In fact, an error so basic that only the IMF and the world's leading politicians would do it -- because this is precisely what the IMF is about to do at the behest of the G20.

Apparently only rank incompetence can
save the world.

UPDATE
: Something good to come out of Strasbourg: Daniel Hannan's incendiary Euro Parliament Speech garnered 2M+ British Viewers.

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