The Mail on Sunday's frontpage reports that the Ed Balls has come up with a plan to plug Brown's black hole in unfunded public spending. Issue Sharia Law compliant "sukuks" designed to allow the government's Debt Management Office to raise money from the Saudis:
Britain is to become the first Western nation to issue bonds approved by Muslim clerics in line with Sharia law, which bans conventional loans involving interest payments as 'sinful'.
The scheme would mark one of the most significant economic advances of Sharia law in the non-Muslim world.
It will lead to the ownership of Government buildings and other assets currently belonging to British taxpayers being switched wholesale to wealthy Middle-Eastern businessmen and banks.
Such is the parlous state of the public finances that the Treasury can no longer rely on the centuries old method of financing government debt, demand for Gilt edged securities. No Western nation has ever relied on Sharia financing and the U.S. Treasury bans banks from engaging in the practise because of potential links to Middle Eastern terror financing. Ed Balls first came up with the Sharia sukuk strategy when he was Gordon Brown's Treasury SpAd and final consultation on the plan closes this Thursday. Alistair Darling is expected to give full approval for H.M. Sharia Treasury issues before the March budget...
72 comments:
Jesus. Christ. Almighty.
...though He's not much of an influence in this country anymore. As this story shows.
It is time for her Madge to bring the curtain down on this bunch of traitors, before they move her into a B&B in favour of some madrassa.
They have taken leave of what passes for their senses, and only drastic measures will now suffice. With the gay snot-gobbler reducing the funds available to the only section of Britain he fears and despises most - the military, it is time for action from them at the Queen's behest. Nothing else will do now.
Ma'am, your course is clear and your subjects are behind you. We do not wish to be subject to an unelected statist cabal in Brussels, or have any more of our freedoms given away in exchange for rich sinecures for our political elite. Our allegiance is to you, and yours must be to us. Call an election.
UK = YOUR FUCKED
MEMO
From: The Iron Chancellor
To: The Very Worshipful Sheik of Araby
Subject: Boracic
Faisal me old mate me old mucker, as you know I am a bit strapped for cash at the moment. Could you help me out with say £50 billion 'til pay day?
Repy:
Bender, you are a comical cunt :)! You can't even pay your rent and you want some more? I've told you when the old lady at the end of The Mall sells up and we can make her place into 'Abdul's Pleasure Palace', we might have a deal. By the way, last weeks boys tell me you haven't paid them!
Faisal XXX
Darling has neither the wit, wisdom or bottle to do anything other than his thoroughly nasty and vindictive boss tells him to... So that's OK then. Remember SNAFU. Nothing changes.
How much of this stuff is the British public going to take I wonder?
Then I grasp my mind and realize, the answer is an almost infinite amount.
Desperate times call for previous conspiratorial plans to come into operation. All seems to be becoming clear now.
Its simple "get used to it or the kids get it." Its your choice.
Atlas shrugged scratched his head and realized our ruling class are getting either very desperate or very clever indeed. Then being none to sure which answer he would like the least.
Harro! Mr Sam here, pleviously owner of Fuk Yoo Ken lestaulant in Rambeth, South Rundon. Solly I not lite retter more often but lestaulant had to crose down. Lates so high in Rundon, I cannot afford to lun rarge business. So I open rittle takeaway in Rewisham.
Mr Guido just say Mr Ed Bores get rots of Musrim money. Perhaps I appry for glant flom Alab too. Anyway...
My old crient Mr Ken Rivingstone, Mayor of Rundon, come to see me rast reek. He want to hold runch in memoly of young Mr Stephen Rollence, a brack boy srayed in plime of rife. They elect monument and office brock for him, but grass was bloken by hoorigans and feckress rayabouts. Disglaceful.
Mr Ken want me to plovide runch for 20 at City Hore, office of RDA. I ask him why he want Chinese runch when boy was Aflican.
"Because we sprit 50-50, you plick" said Mr Ken. "I road the bill, you take half of plofit. My flend Mr Ree Glasper alrays do it"
I not rike this collupt frimfram, but I go arong with it or they crose down takeaway too.
"OK Mr Ken, I cook you runch" I say.
Come Fliday, I take runch over to City Hore with Miss Yasmin, waitless, and Mr Fu, chef. I lecognise faces of porriticians who Mr Ken bling to rast Fuk Yoo Ken lestaulant. Miss Halliot Harperson, Mr Mirriband, Miss Brears, Mr Ree Glasper and plinciple guest Mrs Dorleen Rollence. Mr Gobbrer not there today.
I wully about this gloup. Mr Ken and Mr Ree say they rike Chinese glub. I think they rie. They ray on carnival and palade for Year of Lat, but I think it is for porritical upsucking to Chinese and Mandolins.
Mr Ree say: "What the fuck is this, wack? Fuckin chinkie? A bruddy stir fly? Stephen was a brack boy! We want Callibean runch - citlus jerk, prantain, mirret, bledfloot and loot beer. We cannot fratter up Mrs Rollence with this clap.
Miss Halliot intellupt: "You must not talk to Mr Sam rike that, Ree. He deserve lespect as minollity.
"Fuck you, Halliot. Chinese are all fucking capitarist, ey, ey. All lich, fukin roaded. Mr Sam tell me he was pranning to vote Mr Bollis, the sritty clunt."
Miss Halliot say: "Ken, prease stop them bickeling. You learise there are votes in Chinese rundoners? We not want Mr Sam to deneglate Rabour when he reave.
"VOTES, VOTES?" say Mr Ken. "Oh shit."
Mr Ken then reap off chair and plostlate himself on froor. He frail arms and beat his blest.
"I aporrogise, Mr Sam, I aporrogise for all past longdoings to Chinese popuration. I glovel in all humirrity to beg absorution and cremency. Prease be reenient on me and give me lerease flom this tellibre road. Preese fray me with rashes. I letlact compretely, I offer any lepalation you rish".
"But you not do longdoings to Chinese popuration, Mr Ken".
"Yes I do, I do. I comprain about erectlic lazor made by Zhejiang Yongkang Tepai Erectlical Appriance Company"
"But I not know Zhejiang Yongkang Tepai Company"
"They are your blother, your cuntlymen, your lerratives, your offspling. I comprain lazor not working and now I am liddled with disglace and opploblium. I leglet, I rament. Preese vote for me."
"Shut up, Rivinginstone you plat," say Mr Ree. "He's a fuckin sritty, not brack or Callibean. No use to me. Shut up or I might just brab to pless about your fring with radyboy in bendy bus."
"OK Ree, you rin. Pass the lice rine."
To be continued.
Mr. Sam said...
HO HO FECKIN HO!! Mister Sam, many a true word spoken in jest!!
Rate news: I just ask Ilanian embassy about getting glant flom Alab Musrim rike Mr Bores. They say I must serve harral goat and sheep's borrocks to quarrify. I not do that. Not make nice glavey.
Gaydon brown Public Enema Number One.
Will someone rid us of this unelected traitor.
In Today's Sunday Mirror
OUT OF ORDER
EXCLUSIVE Labour's Speaker clocks up ONE MILLION Air Miles by flying FREE from London to Glasgow.. then uses them to give his family Business Class jaunts (AND HE'S THE GUY IN CHARGE OF REFORMING MPs' EXPENSES!)
Mr Martin deserves his own "Pigs in Shit" award
To: Lord Robber Mugabe
From: Gordon Brown
Dear, Dear, Sir Lord Booby,
Your records will show that in 1996I enrolled on your postal financial management classes. I bought your 'Budgets For Beginners' - 'Inflation For Idiots' - 'Management For Morons' - 'Gay Government - The Way To Go', certificates @ 10p. each. I have religiously followed your guides and have only achieved inflation at 2.1%. A total FUCK UP.
I want my 40p. back, Oooer, do I mean I owe you $250,000,000, sorry Bob, can you do Direct Debit?
Much love.
Gordy XXXXX.
This would, I hazard, be the very same Saudi Arabia who threatened to facilitate further terrorists attacks here if the SFO inquiry into BAE went ahead?
They must be really good chums to us, mustn't they?
This governmant is like a prostitute, willing to go with anyone who has money. Although I would wager that a prostitute has better morals overall than this lot.
The UK economy must be in REAL bad shape if New Labour are running off to the Saudi's. What will they get in return, a Mosque building expansion programme?
And all this just to protect that bullshit of New Labour economic competence. We'll still be forced to run off to the IMF.
The UK is so fucked, thanks Gordon, you and your dangerously uneducated MP's. Stick to your "history of the Labour party" thesis, then you'd know what's coming next for you bastards.
YAwn. Dull non-story on Sharia Law in Dull paper.
The Editor
Lenders of last resort! Read it and weep. No morals, scruples, competance except a desire to cling to power. They screwed the economy and will sell to the highest bidder. Wny not prostrate ourselves before Iran, North Korea or even Zimbabwe. After all our tractor production is up!
"Courage" Brown, what a pathetic excuse for a human being, let alone PM!
This is hilarious!
I left what was once a country called 'Britain' last year.
You lot are fucked unless you take to the streets.
The Prime Minister insists that Sterling's finacial alignment with the Rial has always been more important than that with the Euro.
"Uneducated Arabs, (particularly young pubescent Arab males), (drool), do not understand the importance of being able to exchange a sheeps' eye for fellatio (camel dung)", sais the PM. After all he said "Fellatio will keep you warm at night, won't it Tony?".
"Where's Tony gone?"
IT HAS ALREADY HAPPENED..... In April 2001, Mapeley purchased the portfolios of the department of Inland Revenue, HM Customs & Excise and Valuation Office Agency, now collectively known as HM Revenue & Customs.
These portfolios totalled 147 freehold properties and 454 leasehold properties. The agreement involved a 20 year sale and leaseback with HMRC and also the provision of comprehensive property and facilities management services to the majority of the HMRC estate. As at 31 March 2007, the HMRC portfolio is valued as £563.9 million.
However this is an off shore company that does not pay tax.
That a Company like Mapeley is allowed to be in charge of physical/building security of HMRC (and often subcontracted out parts of the tender) was such a concern that a Treasury Committee report on the 16 July 2003 wrote:
“In February 2003 the Committee produced a report on the handling of the joint Inland Revenue and HM Customs and Excise STEPS PFI project. The project involved the transfer of some 600 Inland Revenue and Customs and Excise properties to part of the Mapeley Group, an offshore company registered in Bermuda, in return for an up front cash payment of £220 million, together with a further £150 million in the form of discounted service prices.”
These fucking loonies have truly taken over the asylum. Correction: they have fucking robbed it, burnt it down and sold the smouldering rubble to the saudis.
What a shit-pile this country has become....
Mr Sam! Genius!! Having shuffled downstairs for my coffee I switch on to see Big ears hosting his show, guests Glenys kinnock, looking well I must say on the earnings for all her hard work in Eurp! She must have really worked hard! Alongside her is Sean Bailey, a black chap, apparantly the Tory candidate in Hammersmith. What a squeaky voice he had. Having heard a lot about him i thought I'd see if he had a pop at old Glenys! No! He squeaked about how 'we' treat our children, mentioned the 'Mosquito' device, he doesn't like it so tried to get on Shami's side and then said how he wanted the police to be lsitened to more. Well, I could only bear this for 2 mins so switched over to 'Everybody Loves Raymond'. He's an example of the opposition to this corrupt bunch of fuksters is he? WE'RE DOOOOOMED!! Where can I sign up for revolution? NOW! Thgere needs to be some blood on our streets.
Where's Her Majesty in all this?
Time to earn your keep love.
Brown has bankrupted the country and is now selling us off to the muslims to save himself.
Londonistan now spreads to the whole of Britain. The fundamentalists have us over a barrel.
This Labour government have betrayed our country in a way that seemed unimaginable just a few short years ago.
I can see big trouble ahead.
The BBC news departments have been hijacked by unquestioning Labour supporters.
Their support is the only reason Labour is not 30 points behind in the polls. The BBC news departments are not the solution, they ARE the enemy.
Until the news departments are reformed, cleared out or closed down this bastard government will never be kicked out.
SOLUTION to this treachery: reform BBC news, and the rest will follow.
Take away their support and Labour will crash.
It's nearly time we had a military coup. Remember 1974? Do it properly this time lads.
This sellout to the Saudis puts into perspective the traitorous Bishop Rowan Wiliams comments on sharia law recently.
This creep is in league with Brown and Balls and was attempting to soften up the British public in readiness for this accomodation (capitulation?) to tne moslems.
Our leaders seem to be a bunch of traitors who seem intent on condemning us all into servitude to islam.
"We are all doomed, doomed I tell you!!"
PS. Mr Samislav's mandolin lessons appear to have been velly ploductive. Blavo!!
Peter Grimes
I watched Undercover Mosque last night. The sight of the Saudis being a red-carpet welcome after that just beggars belief. Capitulation follows.
N.B. - Guido please note - this is the week when the Royal Television Society announces whether Undercover Mosque wins the award for 2007's Best Documentary.
Keep 'em peeled, as the Mainstream Press may be reluctant to 'big up' any success for fear of repeat showings, no doubt upsetting the Saudis pushing this Wahabi version of Islam.
Remember that one of Labour's biggest donors is Muslim Friends of Labour.
mpacuk.org/content/view/4234/34/
Remedy for this latest Arabian Nights bunker wheeze is beyond politics and quite outside the realm of financial jiggery-pokery which so illuminated a couple of recent threads - especially those featuring the man who isn't Tom and the man who isn't really Guy Fawkes.
Buggering about with interest rates won't cure this; this is a mental health issue; one compounded, made untreatable, by the ambitions of those surrounding the patient; those, like Mr Balls, who see, in Brown's inevitable demise, their own ascendancy.
The prime minister of the UK is mincing, stuttering, gulping, barking mad. He eats snot on global tv. Stark raving bonkers. Gordon Brown is a delusional freak, maladroit and obsessional, bad-tempered and bullying, ill mannered; displaying anxiety, paranoia, megalomania; he hears voices in his head, believes he has a Messianic destiny and cannot fail despite the country being in penury, a laughing stock; its soldiers betrayed, government departments harangued by bilious coroners; the cunt Ainsworth still short-changing Tommy Atkins, the cunt Browne shitting simultaneously in the face of his native Jocks and of the armed forces - any member of which is more of a man than this grotty little lawyer-turd; scowling, shrieking like a drug crazed banshee, the unspeakable, the repellent Caroline Flint is let loose in the TV studios, her presence like a form of germ warfare, sickening to man woman and child, ghastly crone. Brown, cowardly and weak, fretful of competition, surrounds himself with the dross of the Labour apparatus.
For all his crass, clumsy, comic pretence otherwise, Brown is as queer as a nine-bob note, though he believes that he fools us all. So ill-attuned is he to the public mood, so closeted among whispering wankers, that he never realised the country would prefer an openly gay prime minister to this jerking, wretched travesty of a man, endlessly hectoring us about values, devoid of them himself. A jowly, farting, air-brushed, cowardly hypocrite, Brown misjudges, gainsays even the tolerance of his fellow citizens.
The remark that the lunatics have taken over the asylum is so often ribald and throwaway that it neuters itself. But here, with this gang, it has profound relevance although, sadly, it is not just the asylum, it is a country, for all its flaws, once great, that is hijacked into despair and ignominy.
Hark, hark, the dogs do bark, the beggars are coming to town,
some in rags and some in jags and one in a velvet gown.(Ancient Polish post-Plague street song.)
These bastards have sold our past,spent our present and mortgaged our future this was the only place left to finance snottys lunatic plans.
I HAVE BUT ONE QUESTION "WHERES ALL THE FUCKIN MONEY GONE".
RECORD SPEND RECORD BORROW RESULT NOTHING!! everything is broke or shit.Even the poles are goin home cos it shit,hospitals are dirty and shit my council wants a grand a year off me to empty my bin 26 times and fund their pensions and now I hear that arse dromey will be foisted on me as an MP.
how much worse can it get??
Just to add to Brown and Darling's problem - The Sunday Times is reporting that talks with the US Revenue have reached deadlock over the ability of US Non-Doms to offset the proposed payment of £30k against taxes paid in US(which was assumed by UK Treasury to be taken as read)as US authorities regard this as a fee payment not a tax within the strict guidelines of the IRS and therefore not covered by the reciprocal tax arrangements between US and UK. At present the US is instransigent on the matter so it'll be interesting as to how they view the latest wheeze of issuing "sukuks" in their willingness to come to an agreement over reciprocity.
Has anyone ever read Anthony Burgesses' book 1985 in which he speculates that following mass islamic immigration to Britain that Britain becomes under an evil alliance of muslims and leftists a quasi-islamic state? Makes you think...
Here's a prediction - Cameron will offer no criticism of this latest sharia scheme.
Chris Paul,
Reading your thoughts is like opening the leaves of used lavatory paper. You are suffused with shit; effluent flows from your every pore. You have found more ways to shove your head up your own arse than anyone could have imagined. If you were any more abject and contemptible you would be a byword for these things multiplied to the power of n. When you are on your deathbed, your passing will be neither mourned nor celebrated, but merely registered as something like the relief on seeing finally flushed an unusually recalcitrant floating turd.
Chris Paul posts are deleted on sight as a matter of policy, but you are nevertheless correct.
Blimey, Gordon's used up so much credit that not even Ocean Finance would lend him a fiver.
The dhimmification of Britain gathers pace under this government of traitors, collabotators and fifth columnists.
What a poorly written story in the mail - anyone who knows even the basics of Islamic finance know it is a huge untapped resource that Western banks are institutions are queueing up to get reserve their slice.
It is nothing to do with terrorism, and the alarmist way the story has been written (Quick, find another story with something to with Sharia!) reflects poorly on the journo.
But, by all means, let the knee-jerk squad jump around daft screaming about something else 'Islamic, and how the country's 'gone to the dogs'...Yaaaawn.
11.57
Even loan-tart slag Carol Vorderman told him to fuck off.
Take a look at Kossavo and then London, Bradford etc, your future awaits!
Why you want U and K tattoed in capital letters on my shoulder blades?
Biggest problem with this idea is that the entire sukkuk market wouldn't be enough to cover this government's needs. The biggest deal ever done was a £500m deal for Dubai. What chance has GB of raising the £20-30bn he needs on top of all the maturing debt that needs to be refinanced? Between slima nd none, and slim just left town.
Gilts are an auction market, sukkuks are private placements. Gilts have liquidity and fungibility. Sukkuks ... suck.
didn't Brown just give nearly £1billion to china and india?
Our politicians are the most inept cowardly fools that i have ever seen(all parties)......
Please all send me a quid so that i can leave asap.....bofl
Am I right in thinking that sukkuks are a completely bogus and transparent device to enable Muslims to lend money at interest without Allah knowing?
So the Labour scum are giving our polotical independence away to a Euro superstate and our financial independence away to the Islamoterrorists.
I would have thought it impossible for an entire government to be guilty of traitorous treason before this shower of total shit totally ruined our country.
Guido your nation needs you, go find the gunpowder.
Had this story not appeared in the Daily Liar (Prop: Lying, Drunk and Co.,) I would instantly believe every word of it.
But then the Daily Wail are always suckers for a fake story...
Instead of lending you £100 at 6% interest I buy your Ipod for £100, and sign a contract to sell it back to you after 12 mths for £106 (i.e. £100 + 6%). Therefore, I have not received any interest but merely a profit on buying and selling an Ipod. By the way, you can hold the Ipod for safekeeping for 12 months.
Epitaph for the BBC
When I wuz a nipper
We didn't have to
Make uz own entertainment.
I am constantly amazed at the dismissal of right wing tabloid sensationalism but not enough venom directed at the ghastly BBC plonkers and the likes of most other MSM. The only genuine newspaper for reasonable, marginally right wing viewpoint, (Liddle notwithstanding), is The Sunday Times.
Now, whatever the rights or wrongs of the subject headline, the constant bewailing of this country's woes and bankruptcy, on this blog, are correct. It is the only place to visit for therapy and help to cope with the anger that is so rife in the Nation.
That there is only a nine point lead for The Main Opposition Party is weird.
If they would tap into a fraction of the ire from this blog it would soar to 50% or better. Lib Dims really need to move across, if only for the short term.
Sad that it takes so long for bankruptcy and evil, rocking horse values to enter the consciousness of Trolls and traitors.
Dear God, I pray so hard for deliverance from these utter, utter cretins.
Just Guido for help, though good, just is not enough! Come on Dave, become Dave The Deliverer, please, please get very angry for ALL our sakes.
p.s i just love some of the posters like Stanislav and 45Govt but only platonically.
Mr Sam! He's back! Things are rooking up.
Oh dear! It continues to amaze me how compliantly everyone is bending over and having their anal oriffices reamed with a Peruvian mahagony tree trunk.
What the fuck is it going to take for you all to wake up? Mullahs marching up Whitehall?
Did the Archbishop talk or did he just 'pass on'? He seemed genuinely shocked that his nutty ideas were frowned upon? Maybe those he'd been talking with saw them as 'inevitable' as he did?
the Northern rock fiasco/nationalisation should bury this story.
Edward Balls - 5 times BILDERBERG attendee!!
here is the actual footage from the rioting muslims in Denmark from all this week.
so why are the BBC not reporting it?
http://www.youtube.com/watch?v=uZepiTE28uU
http://www.youtube.com/watch?v=pSsZ2eGXm6Q
Blinky - with no experience but a "sharp mind" was given the job as chief economic adviser to Gordon Brown - previously a civil service post. This says some thing about Gordon's view of the Master Balls and the Civil Servant's that surround him. Gordon's politicisation of the Treasury is scandalous and he must fully take the blame for Northern Wreck, Inflation, Outsourcing our jobs, etc, etc.
Are you sure it's called 'sukuk'? If you read old newspapers from the 18th and early 19th centuries, you will see 'f' used in place of 's' in some words ...
Fergus
I know I may sometimes use the word too often but ed'sweaty'balls is definitely one of the biggest spastics I've ever seen. an absolute moron. wasn't jack'deaf boy' straw bleating about constituents coming to his surgery wearing veils and doesn't jackie want to introduce internment on the british mainland.
and the police want sus laws to be reintroduced.
but at the same time the government want to raise money on sharia terms.
did I miss a meeting?
what the fuck is going on?
on the bright side, gordon brown's reputation is fatally damaged.
a one man hustings?
very strange indeed. unheard of infact. even when we had rotten boroughs the landowner would have had the decency to put up a pig as a candidate to stand against him. just so he beat something, you know.
Peston on News 24, on message, saying the Rock is profitable so the taxpayer will get all its money back, the new management will be brilliant, very experienced chaps, nothing to worry about blah blah.
What a load of cobblers!
peston still on message [6.45 PM]
It is indeed a load of cobblers. The government will never repossess against defaulting mortgagors for fear of adverse publicity. So if you have a NR mortgage you need not trouble to make any more repayments.
Speaking as a taxpayer, I don't think my 'security' is looking too good.
Slightly off topic or maybe not.I wonder how soon Saudi Arabia will recognize Kosovo?My guess is very soon.What is the betting we will have to send what remains of our army to deal with the Serbian response to an independent Kosovo which could get very nasty. The rest of the EU/Nato troops are not up to much so once again it will be left to us.A down payment on the new loans perhaps?The only thing is the Russians won't like it at all.Choas all round and Brown will really be out of his depth.
Look, I know, for a fact, that NR has mortgagees in arrears that under any other circumstances would have been repo'd by now. Up to now the reason was to tart up the figures.
I also know, for a fact, that many NR 'Together' loans will never be repaid as they were advanced on 120% of property 'value'. Once that 'value' is exposed for what it is - worthless, many more homes will go into repossession.
I agree that it will be impossible for Brown to become the Great Repossessor, and by extension if he does not do it when he should, do you think that any other borrower will care if his particular lender threatens him? He'll just say, "The Government does not repossess people so why are you? Fuck off!"
I have just spent a very therapeutic afternoon with my new chain saw. Evry one of the ton of logs I cut I imagined it was Browns neck.
Something else about Sandler - his 'stakeholder' bollocks (in any other terms - price control) complete;y destroyed the individual pension market. A classic example of Gresham's Law of bad money driving out good.
He's got the job because he is a labout stooge. Give the job to David James.
Guido, it's nice to see you don't understand Sharia finance any better than you do Northern Rock.
This is an excellent initiative to top into the billions of pounds of unused Middle Eastern capital, London will soon be the world leader in Sharia finance giving us a massive comparative advantage over New York or Hong Kong - which in turn will create tens of thousands of jobs over the coming decade.
Or, we can call them all terrorists and stick our beefy heads in the reassuring blanket of Daily Mail xenophobia
I completely understand it. What is your point?
"Massive comparitive adavantage" - the Islamic finance pool of liquidity is tiny. You are an idiot.
It won't create tens of thousands of jobs if it grows 1000%, it might create a few hundred more in debt origination. Which of course will be called something else, because mullahs say it isn't debt.
Wealth is created by investment in things that make profits. Borrowing money only creates wealth if you can still make a profit while paying the interest and keeping the capital safe and payable on demand.
What in this country is left to invest in that does this?
Answer nothing whatsoever, as far as I can see, but there simply must be something.
Otherwise, it would be, "good by from me" "and good by from him."
But it could well be possible that a large part of the stock market simply cant deal with the inevitable facts of life any better then you can (circa 1929). They have made this mistake before and they seem to be doing it again.
Which is why my government describes money going to things like education and the NHS as investment, when it is in fact clearly spending. The sort of spending my 3 year old could understand.
You just move the line on the balance sheet. Its the sort of con a first year accountant student understands.
Now, either Gordon Brown is as thick as two short planks. Or he is a lying masonic evil son of a she devil establishment stooge.
I know which I KNOW full well he is.
You Mr Brownagree can make up your own mind. Why should I bother to help the likes of you?
But I would wait until the redundancy notice from your over paid, very over cushy, non-job comes through the letter box before saying to much now. Or indeed anything at all.
You will only make yourself look even more dangerously stupid, if not clinically brainwashed.
Do you think we out here relish a Conservative government that will spend its entire time just having to clean this mess you lot have left us all in. By taxing us all to death, even more into the next decade.
Remember this disaster includes people that trusted your government. That you personally helped get elected. Do you not feel any responsibility for your actions? Will you personally be paying these peoples bills when they get thrown out of work, and very possibly their homes?
Do you think we get some kind of massive hard on, telling people their lives are just about to go sailing down the Swanny?
I do not work for central office and I can assure you neither does Guido. They would most likely not let him near the place without a new shirt. I know I would not.
ATLAS shrugged, but seriously wondered why he bothers with some people. They will never understand whatever you do or say. Or more importantly whatever happens, until the shit hits them personally, he thought. He then felt happy in the knowledge that the shit will, and soon.
@ anonymous 6:13 PM, February 17, 2008
This might have been the "long 's' " perhaps?
Another possibility is that the second "k" in a word was written as a "p"
Why all the negative comments ?
Anything that lowers the cost of government borrowing (even slightly) is good for UK tax payers.
All religion is bunk, but if a system encourages a particular group to lend to the UK government instead of placing their money elsewhere that should be a good thing. Holders of such securities will have zero influence on government policy (just as Gilt holders have zero influence).
guido check you facts US government does not ban american banks issuing sukuks or trading them. The only bans are on trading with Iran some named individuals in Iraq and gov of sudan these are OFAC restrictions. The sukuk market is growing rapidly and it is sensible to tap it if the UK can. You are being a triffle hysterical with the comments here UK has issued $, € and yen debt in the past. Give the government a kicking on northern rock they deserve it but this is a grasping at straws. Making London the hub for Sharia financing through issuing sukuks is a great idea.
They don't call it Londonistan for nothing.
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