[Tom4784]

If you really want to try to drag me Cherie you'll need to do more than repeat what I said out of context.

Repeating what I said at me makes no sense, I said it as a response to The Truth who blamed the left/labour for the financial crisis although it was a crisis that began in the US under a republican administration thus making him ignorant for carrying on about a subject that he obviously doesn't know much about.

[arista]

Originally Posted by Dezzy

The Financial Crisis of 2007/8 started off in the US during Bush's Republican administration. To claim it's the fault of the Left is just factually wrong but then again The Truth's never been a fan of facts.

Of Course it Started in USA.

But in the UK Left Wing
New Labour fecked UP
Gordon Brown who stupidly sold off our
Gold Vault

Bush - Blair were like in bed with
each other.

[Toy Soldier]

Originally Posted by arista

Of Course it Started in USA.

But in the UK Left Wing
New Labour fecked UP
Gordon Brown who stupidly sold off our
Gold Vault

Bush - Blair were like in bed with
each other.

FFS New Labour Are Not Left Wing.

[MB.]

I made a joke in another thread about a Trump thread rapidly devolving into one about New Labour, but you guys make it far too easy

[the truth]

Originally Posted by Toy Soldier

FFS New Labour Are Not Left Wing.

labour stole from the poor with endless stealth taxes and did nothing for those broken industrial area. these champagne socialists wasted tax payers money at record levels overpaid the council bosses and ducked up to the bma b6 signing the insane gp contract which destroyed what was left of the nhs

[Toy Soldier]

Originally Posted by the truth

labour stole from the poor with endless stealth taxes and did nothing for those broken industrial area. these champagne socialists wasted tax payers money at record levels overpaid the council bosses and ducked up to the bma b6 signing the insane gp contract which destroyed what was left of the nhs

...and they are also not left wing.

[arista]

Originally Posted by Toy Soldier

FFS New Labour Are Not Left Wing.

Call it Blair left wing feck Up , then
TS

[the truth]

Originally Posted by Toy Soldier

...and they are also not left wing.

their stealth taxes were, their insane welfare was, breeding for benefits was, bloted civil service, wasteful over burocratic nhs was etc

[DemolitionRed]

Brown didn’t sell the gold because he was some greedy fcuk who’s government had singularly overspent. He sold the gold to bail out the world bank crisis. He also sold the gold for a low price. To understand why he did this you have to read and understand this http://www.zerohedge.com/contributed...ut-large-ameri

Remember the great recession? It wasn’t caused by the Labour government, it was caused by a world banking shortage. It was caused by the western world using ‘bad loans’ for an entire decade; it was caused by a single currency in Europe; it was caused by the US housing bubble burst and it was caused by big cat profiteering. When America fell, we all followed like dominoes and Browns bank bailout was a last-ditch attempt to stop our economy falling to its knees.
The gold reserve (half, not all the gold reserve was sold) was for such an event as what happened in the big crash. Intrinsically, gold has a low growth yield and so to the western world, its not a good tangible asset. Lending money into the economy has a far better growth yield and so bailing out banks who then bail out the economy is a way to recovery.

The Neolibs have always blamed Labour for selling off our gold asset but nobody, including them could of remained bullion fanatics when the **** hits the fan.

[DemolitionRed]

Originally Posted by the truth

their stealth taxes were, their insane welfare was, breeding for benefits was, bloted civil service, wasteful over burocratic nhs was etc

Those are all the signs of a wealthy country. Every country in the Western world, including America, wrongly believed the bubble would never burst. You are surely not suggesting the Tories would of done things differently. It was Neoliberalism that fired the starting pistol on those frivolous times and Blair was just another Neoliberal leader.

[Kizzy]

Originally Posted by DemolitionRed

Those are all the signs of a wealthy country. Every country in the Western world, including America, wrongly believed the bubble would never burst. You are surely not suggesting the Tories would of done things differently. It was Neoliberalism that fired the starting pistol on those frivolous times and Blair was just another Neoliberal leader.

Agreed, except neoliberalism is a cancer that kills off those struggling. It's at best Darwinian and at worst democide.

[DemolitionRed]

Originally Posted by Kizzy

Agreed, except neoliberalism is a cancer that kills off those struggling. It's at best Darwinian and at worst democide.

Yep, neoliberalism is so focussed on strict austerity measures. It is indeed Darwinian!!

[the truth]

Originally Posted by DemolitionRed

Brown didn’t sell the gold because he was some greedy fcuk who’s government had singularly overspent. He sold the gold to bail out the world bank crisis. He also sold the gold for a low price. To understand why he did this you have to read and understand this http://www.zerohedge.com/contributed...ut-large-ameri

Remember the great recession? It wasn’t caused by the Labour government, it was caused by a world banking shortage. It was caused by the western world using ‘bad loans’ for an entire decade; it was caused by a single currency in Europe; it was caused by the US housing bubble burst and it was caused by big cat profiteering. When America fell, we all followed like dominoes and Browns bank bailout was a last-ditch attempt to stop our economy falling to its knees.
The gold reserve (half, not all the gold reserve was sold) was for such an event as what happened in the big crash. Intrinsically, gold has a low growth yield and so to the western world, its not a good tangible asset. Lending money into the economy has a far better growth yield and so bailing out banks who then bail out the economy is a way to recovery.

The Neolibs have always blamed Labour for selling off our gold asset but nobody, including them could of remained bullion fanatics when the **** hits the fan.

lol Still trying to defend the indefensible
The ONLY thing labour did get right under brown was the idea to grow your way out of a recession, but of course they failed hopelessly to apply the theory in practice , due to their enslavement to the unions still, or rather the block vote. they clearly couldnt give a damn about the state of the industries ....they failed in every single aspect of governance...bar allowing same sex marriage. a pathetic sum total for 10 years of self destruction

[Kizzy]

Who is trying to defend new Labour?... nobody as far as I can see.

[DemolitionRed]

Originally Posted by the truth

lol Still trying to defend the indefensible
The ONLY thing labour did get right under brown was the idea to grow your way out of a recession, but of course they failed hopelessly to apply the theory in practice , due to their enslavement to the unions still, or rather the block vote. they clearly couldnt give a damn about the state of the industries ....they failed in every single aspect of governance...bar allowing same sex marriage. a pathetic sum total for 10 years of self destruction

Why ever would I try and defend Blair and Brown? I'm just putting some facts straight because I get sick of hearing nonsense about the gold reserve. When Blair was our PM I was a firm Lib Dem supporter. I used every excuse to slate the NL but what I didn't do was use trumped up conspiracy theories that were being bled out to a somewhat naive British public by the Tories.