Thursday, March 26, 2009

The Debts of the Spenders: Daniel Hannan Blasts UK Prime Minister

The hits keep on piling on the UK. Just days after the "market commentators" (permabulls cheerleading the establishment), British bond vigilantes delivered a sharp kick to the UK gilt market in its first ever bond failure [Edit: in several years].

Daniel Hanna, a MEP from the opposition Conservative party, delivered a scathing address to Gordon Brown, the UK Prime Minister.

"The truth Prime Minister is that you have run out of our money! . . . Every British child is born 20k pounds in debt."

3 cheers for Daniel Hanna - the Ron Paul of the UK.

http://www.youtube.com/watch?v=94lW6Y4tBXs
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2 comments:

  1. toronto real estateMarch 29, 2009 at 6:46 AM

    "Yeah! Cheers from me too! We need some Daniel here in Canada also. I found more of his videos on youtube and it's absolutely amazing how much he doesnt care how many enemies he'll create by, isn't it?

    I wish there was more Daniels out there.

    Take care, Julie

    ReplyDelete
  2. In Debt We TrustMarch 30, 2009 at 10:42 PM

    Julie, thanks for the reply.

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    Although Noah, the site author, is focused on Manhattan real estate he (and the other posters) are very knowledgeable about real estate in general. They back up their assertions w/detailed graphs, tables, and other statistics.

    ReplyDelete