From Garbagegate
Brown Swindle Goes Wrong
In 2003, Chancellor Gordon Brown switched the government's inflation measure from the Retail Price Index to the Consumer Price Index (which excludes housing costs) in the name of European harmonization (which was a lie). Interest rates fell, house prices soared, banks lent money to people who couldn't afford the loan, and we ended up with the banks going bust and in a Brown Slump in 2008/09.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment