https://justthenews.com/politics-policy/finance/economist-alan-greenspan-dies-100
Greenspan left the Fed 31 Jan 2006 …..gold was 565.60……close of Biz 1/31/06
What the UK can look forward to under Burnham , on the economy!!!!
Burnham’s economic architect Miatta Fahnbulleh recommends, among other things:
•A wealth tax and yet another windfall tax on oil and gas.
•Mass nationalisation e.g. of land, transport, and energy.
•Extending national insurance to investment income.
•A cap on interest rates and charges on every form of consumer credit.
•Hiking capital gains tax to income tax levels.
•Hiking divided tax to income tax levels.
•Abolition of the upper earnings limit for national insurance.
•Huge expansion of the benefits system including a “minimum income guarantee” paid to everyone apart from the rich.
•Nationalisation of banks and creation of new “green” banks with taxpayer funds.
•Block on private banks lending to anyone with a “large amount of greenhouse gas emissions” and “penalisation of banks that provide too many carbon-intensive loans.“
•Forced sale of existing businesses to employees.
•A tripling of the stamp duty surcharge to 9% for multiple homeowners and an increase to 6% for non-residents.
Link to Guido tweet: https://x [DOT] com/guidofawkes/status/2068725231796060230?s=61&t=jN2A5xAKPJ_K7ffde22XDg
re UK
Burnham is being anointed, which means the Unipart/Blob approve him, as the next PM….Everyone hates Starmer with a vengeance, we have lost so much, but at least we can still see when the Law is being used to abuse people for purely political reasons and Starmer is grossly guilty of that.
As for Burnham he is even more left wing than Starmer, as are most of his supporters, so he will owe them and move even further left..he has loads of idiot ideas, such as re nationalising utilities…though where the money will come from, he has no idea….taxes will rise even more, costs will spiral…the Gilt/Bond mkt, should be falling apart already and Sterling will be under constant pressure…..why they are not is a genuine puzzle.
The only good news, is Burnham, seemingly is not as vile as Starmer…..but that ain’t hard.
Buygold
I can’t help thinking that the Iranians are reading watching the MSM, who are relentless in saying Trump has ‘effed up and believe it…..
Yes they can lob a few missiles still, but that is about it, they can’t close the straights, only threaten shipping, with a possible strike , which will result in them getting clobbered senseless …..Trump is only talking to ease pressure on the Mid Terms…
The mkts are saying you have won.
Maya
Great Photo.
Ferrett
As long as their selfish arrogant corrupt Just US system doesn’t prosecute these migrant abominations they will keep using race or their religion as a get out of jail free card and mass deportation of these criminals while inhibiting reporting.
Dave Hunter
Hope he’s right, chart looks promising right now anyway.