Pound sinks to less than £1 against Euro: Gordonomics in action

Our mad pill popping, snot gobbling, howling at the fucking moon PM has utterly screwed the nations currency:The value of the pound fell to less than one euro today, leaving holidaymakers heading to Europe with rocketing bills for their vacation.

In some places, Britons planning a half-term break face the prospect of getting just 98 cents for their pound before commission, after sterling sank to a five-month low against the euro.

The euro at 12pm today was at 0.9061 pounds compared to 0.9055 pounds at close yesterday.

It also reached a three-week low against the American dollar - down to $1.6169 from Friday’s $1.62 close.

In December last year, the pound slumped to below parity with the euro for the first time since the single European currency was launched over a decade ago.

The fall was triggered by a report from the Bank of England, which warned that the parlous state of the public finances could trigger a further stampede away from the pound.

The Quarterly Bulletin said that sterling could have been driven down by worries that the banking crisis has left a ‘permanent’ dent in UK incomes.

This means foreign investors may not be as willing to purchase UK assets.

Then we have this report in The Times on the vast debt mountain being made by the madman Brown which shows why people are worried:

Britain is clocking up debt at a rate of £6,017 per second as the Government struggles to balance the books. With tax receipts plummeting because of the recession, state borrowing grew by £16.1 billion last month — almost twice the entire budget for the 2012 Olympics.

Our debt under the prudent Chancellor/PM has soared:

Net borrowing for the first five months of the financial year stood at £65.3 billion, compared with £26.1 billion at the same stage last year. Total borrowing soared past the £800 billion mark for the first time and total state debt as a proportion of national output reached 57.5 per cent.

All of this comes at a huge price:

Just to pay the interest on its ballooning debts the Government must find more than £30 billion a year — about £500 for every man, woman and child in the country.

Just think on that £30+ billions used to pay off debt. Thats it, no hospitals, police or roads built, not a thing, instead its used to pay off Gordon's national credit card.

So pick a figure: £6,017 a second or £361,020 per minute. £21,661,200 an hour or 519,868,800 a day. Go on pick one, after all your paying for it, along with your kids and maybe theirs as well. This is going to go down in history as they biggest waste of cash ever.

Gordon has to go, his inability to make decisions due to his pill taking is screwing up the mental health of the whole land as well as his mind.

If the PM is loaded up on MAOIs - which stands for Mono Amine Oxidase Inhibitors - which are generally a last line of treatment for major depression, then he is evidently incapable of running this land other than down into the gutter.

Let us remember Gordon's words from 1995: "A weak currency is the sign of a weak economy,which is the sign of a weak government"

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