G20 outcome - good or bad? - Contractor UK Bulletin Board

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Cyberman replied

2 April 2009, 19:31
Hahahah.... the British people deserve Brown and their beloved Labour party
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Platypus replied

2 April 2009, 16:18
Originally posted by Ruprect View Post

Brown is bound to get a bounce out of this. So BAD.

Maybe... only until the next financial institution goes cap in hand or the next round of job cuts / property price falls
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moorfield replied

2 April 2009, 16:13
Hey, my pension is back up today. I'm feeling a lot richer. Even house prices are bouncing. Gordon seems to be doing well. Hmm, maybe I'll vote ZanuLabour after all.

Oh.

Hang on ....

Last edited by moorfield; 2 April 2009, 16:14. Reason: .
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PM-Junkie replied

2 April 2009, 16:11
Originally posted by Ruprect View Post

Brown is bound to get a bounce out of this. So BAD.

I'm not so sure...maybe for a month at the most, but certainly no longer. I am sure there is a lot more to the communique than meets the eye.
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Ruprect replied

2 April 2009, 16:02
Brown is bound to get a bounce out of this. So BAD.
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AtW replied

2 April 2009, 15:53
SDR consists of dollar, euro, pound and yen. Any country with half a brain already used primarily dollar and euro as reserve currencies that hedged big risks, with some pounds/yen for trade. Needless to say that UK has not got meaningful foreign currency reserves?
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PM-Junkie started a topic G20 outcome - good or bad?

2 April 2009, 15:49
G20 outcome - good or bad?

I see the bignobs appear to be claiming to have pulled a rabbit out of the hat at the G20 summit.

Looking at the detail available thus far, this spells the end of the dollar as the reserve currency within 10 years, and possibly sooner. China has attached moving toward the adoption of the SDR as the standard reserve currency ahead of the dollar as a precondition to releasing funds for the IMF...as well as the more visable removal of the idea that the head of the IMF alternates between the USA and Europe.

We do live in interesting times!
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