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Gordon Brown s decision to sell Britain s gold looks more disastrous by the day

According to the latest estimates, taxpayers will be on the hook to cover £85bn in losses stemming from the unwinding of the Bank of England’s quantitative easing (QE) policy. The scheme is set to lose about £20bn a year until the early 2030s – a yearly figure worth more than a third of our current defence budget.

United statesUnited kingdomSouth china seaBrunei generalGordon brownPeople bankFederal reserveSouth chinaExchequer gordon brownSecond world warCold reservesInterest ratesBank of englandFederal reserveValue of goldQuantitative easing

Another Bank Bites the Dust! - The Daily Reckoning

Another Bank Bites the Dust! - The Daily Reckoning
dailyreckoning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyreckoning.com Daily Mail and Mail on Sunday newspapers.

United kingdomUnited statesCity ofGordon brownMarshall mcluhanJim rickardsJanet yellenFreddie macRahm emanuelSilicon valley bankDeposit insurance corporationFirst republic bankCitizens bankBank term funding programBank bites the dustCredit suisse

Fire warning system is in danger of crying wolf

Like everything fed into the mincer of government, the word 'catastrophic' when it comes to bushfire warnings is starting to lose its meaning.

United statesUnited kingdomScott morrisonAndrew sturgessGordon brownMichael spenceEl ninoMohamed el erianQueens collegeStanford universityEmergency servicesNational council for fireEducation departmentWorld economic forumRural fire serviceAustralian fire danger rating system

BOE to Shrink Balance Sheet £100 Billion, Stepping Up Quantitative Tightening

BOE to Shrink Balance Sheet £100 Billion, Stepping Up Quantitative Tightening
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

United kingdomAndrew baileyMartin beckGordon brownIrina anghelAndrew atkinsonMonetary policy committeeEuropean central bankGovernor andrew baileyUnited kingdom treasuryExchequer gordon brown

BOE s QT Program Likened to Gold Sales at Bottom of the Market

BOE s QT Program Likened to Gold Sales at Bottom of the Market
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

United kingdomDave ramsdenChristopher mahonAndrew atkinsonGordon brownOffice for budget responsibilityEuropean central bankColumbia threadneedleExchequer gordon brownKingdom treasuryBudget responsibilityEuropean central