Independent Leyton Orient Forum

tuffers#1 wrote: ↑Tue May 03, 2022 3:58 pm

Long slender neck wrote: ↑Tue May 03, 2022 3:37 pm "Doing his best with the tools left to him by Labour who sold all our gold."

The tories sold more GOLD , Black Wednesday .

Dohnut wrote: ↑Tue May 03, 2022 8:58 pm

tuffers#1 wrote: ↑Tue May 03, 2022 3:58 pm

Long slender neck wrote: ↑Tue May 03, 2022 3:37 pm "Doing his best with the tools left to him by Labour who sold all our gold."

The tories sold more GOLD , Black Wednesday .

You need to read about the Brown sell off. The policy of selling near half of our gold at a time when the prices were at a low point. Browns Bottom.

Doubt anything since tops that as Brown sold off half of our reserves.

Dohnut wrote: ↑Tue May 03, 2022 8:58 pm

tuffers#1 wrote: ↑Tue May 03, 2022 3:58 pm

Long slender neck wrote: ↑Tue May 03, 2022 3:37 pm "Doing his best with the tools left to him by Labour who sold all our gold."

The tories sold more GOLD , Black Wednesday .

You need to read about the Brown sell off. The policy of selling near half of our gold at a time when the prices were at a low point. Browns Bottom.

Doubt anything since tops that as Brown sold off half of our reserves.

tuffers#1 wrote: ↑Tue May 03, 2022 9:43 pm

Dohnut wrote: ↑Tue May 03, 2022 8:58 pm

tuffers#1 wrote: ↑Tue May 03, 2022 3:58 pm

The tories sold more GOLD , Black Wednesday .

You need to read about the Brown sell off. The policy of selling near half of our gold at a time when the prices were at a low point. Browns Bottom.

Doubt anything since tops that as Brown sold off half of our reserves.

Black Wednesday occurred on 16 September 1992 when the UK Government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM), after a failed attempt to keep the pound above the lower currency exchange limit mandated by the ERM. At that time, the United Kingdom held the Presidency of the Council of the European Union.

In 1997, the UK Treasury estimated the cost of Black Wednesday at £3.14 billion,[1] which was revised to £3.3 billion in 2005, following documents released under the Freedom of Information Act (earlier estimates placed losses at a much higher range of £13–27 billion).[2] Trading losses in August and September made up a minority of the losses (estimated at £800 million) and the majority of the loss to the central bank arose from non-realised profits of a potential devaluation. Treasury papers suggested that if the government had maintained $24 billion foreign currency reserves and the pound had fallen by the same amount, the UK could have made a £2.4 billion profit on the pound sterling's devaluation.[3][4]

The crisis damaged the credibility of the Second Major ministry in handling of economic matters. The ruling Conservative Party suffered a landslide defeat five years later at the 1997 United Kingdom general election and did not return to power until 2010. The rebounding of the UK economy in the years after Black Wednesday led to a reassessment of the legacy of the crisis, as John Major's government adopted an inflation targeting policy as an alternative to the ERM and set the foundation for a prospering economy in the years prior to the financial crisis of 2007–08, and the British public turned increasingly Eurosceptic.

https://en.m.wikipedia.org/wiki/Black_Wednesday


Stop your pointless apologist pontificating of the Blue Party you adore .

If i was you doH id run back to the Sandwich thread on MungoS board . Its just about your level

Dohnut wrote: ↑Wed May 04, 2022 4:51 pm

tuffers#1 wrote: ↑Tue May 03, 2022 9:43 pm

Dohnut wrote: ↑Tue May 03, 2022 8:58 pm

You need to read about the Brown sell off. The policy of selling near half of our gold at a time when the prices were at a low point. Browns Bottom.

Doubt anything since tops that as Brown sold off half of our reserves.

Black Wednesday occurred on 16 September 1992 when the UK Government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM), after a failed attempt to keep the pound above the lower currency exchange limit mandated by the ERM. At that time, the United Kingdom held the Presidency of the Council of the European Union.

In 1997, the UK Treasury estimated the cost of Black Wednesday at £3.14 billion,[1] which was revised to £3.3 billion in 2005, following documents released under the Freedom of Information Act (earlier estimates placed losses at a much higher range of £13–27 billion).[2] Trading losses in August and September made up a minority of the losses (estimated at £800 million) and the majority of the loss to the central bank arose from non-realised profits of a potential devaluation. Treasury papers suggested that if the government had maintained $24 billion foreign currency reserves and the pound had fallen by the same amount, the UK could have made a £2.4 billion profit on the pound sterling's devaluation.[3][4]

The crisis damaged the credibility of the Second Major ministry in handling of economic matters. The ruling Conservative Party suffered a landslide defeat five years later at the 1997 United Kingdom general election and did not return to power until 2010. The rebounding of the UK economy in the years after Black Wednesday led to a reassessment of the legacy of the crisis, as John Major's government adopted an inflation targeting policy as an alternative to the ERM and set the foundation for a prospering economy in the years prior to the financial crisis of 2007–08, and the British public turned increasingly Eurosceptic.

https://en.m.wikipedia.org/wiki/Black_Wednesday


Stop your pointless apologist pontificating of the Blue Party you adore .

If i was you doH id run back to the Sandwich thread on MungoS board . Its just about your level

Funny, I though we were talking about selling gold! . As in the Tories sold more gold. Can’t see the selling of gold in that explanation. Interestingly the Brown sell off is reported to have cost us £9 billion. But who knows.

tuffers#1 wrote: ↑Wed May 04, 2022 6:01 pm

Dohnut wrote: ↑Wed May 04, 2022 4:51 pm

tuffers#1 wrote: ↑Tue May 03, 2022 9:43 pm

Black Wednesday occurred on 16 September 1992 when the UK Government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM), after a failed attempt to keep the pound above the lower currency exchange limit mandated by the ERM. At that time, the United Kingdom held the Presidency of the Council of the European Union.

In 1997, the UK Treasury estimated the cost of Black Wednesday at £3.14 billion,[1] which was revised to £3.3 billion in 2005, following documents released under the Freedom of Information Act (earlier estimates placed losses at a much higher range of £13–27 billion).[2] Trading losses in August and September made up a minority of the losses (estimated at £800 million) and the majority of the loss to the central bank arose from non-realised profits of a potential devaluation. Treasury papers suggested that if the government had maintained $24 billion foreign currency reserves and the pound had fallen by the same amount, the UK could have made a £2.4 billion profit on the pound sterling's devaluation.[3][4]

The crisis damaged the credibility of the Second Major ministry in handling of economic matters. The ruling Conservative Party suffered a landslide defeat five years later at the 1997 United Kingdom general election and did not return to power until 2010. The rebounding of the UK economy in the years after Black Wednesday led to a reassessment of the legacy of the crisis, as John Major's government adopted an inflation targeting policy as an alternative to the ERM and set the foundation for a prospering economy in the years prior to the financial crisis of 2007–08, and the British public turned increasingly Eurosceptic.

https://en.m.wikipedia.org/wiki/Black_Wednesday


Stop your pointless apologist pontificating of the Blue Party you adore .

If i was you doH id run back to the Sandwich thread on MungoS board . Its just about your level

Funny, I though we were talking about selling gold! . As in the Tories sold more gold. Can’t see the selling of gold in that explanation. Interestingly the Brown sell off is reported to have cost us £9 billion. But who knows.

selling reserves of wealth be it 4x or Sterling is selling GOLD dOh ! You being An Ex corporate , should know this . I Found out hearing my sister talking about her busiest & most profitable day in 4x trading , cant remember if she was with jpm or chase @ the time though . The link & the c&p clearly show gold reserves are traded as 4x reserves


https://www.theguardian.com/politics/20 ... mation.uk1

Gordon Brown described the ERM as applying 'socialist planning' to the economy rather than 'relying on market forces'.

"He told the parliamentary Labour party 'We can fight the speculators if we join the ERM'. How much more money has Gordon Brown lost by selling gold from Britain's foreign exchange reserves - an unforced error?"

There has been much debate on how much and what sort of paperwork to release, following an initial request by the Financial Times under the Freedom of Information (FoI) Act, which came into force this year.

The Original link shows how George Soros got wealthy by black wednesday & those dodgy tories
You dont support


https://www.investopedia.com/terms/b/bl ... nesday.asp

Understanding Black Wednesday

Before Black Wednesday, the U.K. had been in the European ERM for two years. However, the pound was depreciating and falling close to the lower limits set by the ERM. The British government took steps to bolster the pound, including raising interest rates and authorizing the use of foreign currency reserves to purchase pounds.

Dohnut wrote: ↑Wed May 04, 2022 6:38 pm

tuffers#1 wrote: ↑Wed May 04, 2022 6:01 pm

Dohnut wrote: ↑Wed May 04, 2022 4:51 pm

Funny, I though we were talking about selling gold! . As in the Tories sold more gold. Can’t see the selling of gold in that explanation. Interestingly the Brown sell off is reported to have cost us £9 billion. But who knows.

selling reserves of wealth be it 4x or Sterling is selling GOLD dOh ! You being An Ex corporate , should know this . I Found out hearing my sister talking about her busiest & most profitable day in 4x trading , cant remember if she was with jpm or chase @ the time though . The link & the c&p clearly show gold reserves are traded as 4x reserves


https://www.theguardian.com/politics/20 ... mation.uk1

Gordon Brown described the ERM as applying 'socialist planning' to the economy rather than 'relying on market forces'.

"He told the parliamentary Labour party 'We can fight the speculators if we join the ERM'. How much more money has Gordon Brown lost by selling gold from Britain's foreign exchange reserves - an unforced error?"

There has been much debate on how much and what sort of paperwork to release, following an initial request by the Financial Times under the Freedom of Information (FoI) Act, which came into force this year.

The Original link shows how George Soros got wealthy by black wednesday & those dodgy tories
You dont support


https://www.investopedia.com/terms/b/bl ... nesday.asp

Understanding Black Wednesday

Before Black Wednesday, the U.K. had been in the European ERM for two years. However, the pound was depreciating and falling close to the lower limits set by the ERM. The British government took steps to bolster the pound, including raising interest rates and authorizing the use of foreign currency reserves to purchase pounds.

I’m talking literally. Brown sold 56% of our reserves when measured by weight.

tuffers#1 wrote: ↑Wed May 04, 2022 6:45 pm

Dohnut wrote: ↑Wed May 04, 2022 6:38 pm

tuffers#1 wrote: ↑Wed May 04, 2022 6:01 pm

selling reserves of wealth be it 4x or Sterling is selling GOLD dOh ! You being An Ex corporate , should know this . I Found out hearing my sister talking about her busiest & most profitable day in 4x trading , cant remember if she was with jpm or chase @ the time though . The link & the c&p clearly show gold reserves are traded as 4x reserves


https://www.theguardian.com/politics/20 ... mation.uk1

Gordon Brown described the ERM as applying 'socialist planning' to the economy rather than 'relying on market forces'.

"He told the parliamentary Labour party 'We can fight the speculators if we join the ERM'. How much more money has Gordon Brown lost by selling gold from Britain's foreign exchange reserves - an unforced error?"

There has been much debate on how much and what sort of paperwork to release, following an initial request by the Financial Times under the Freedom of Information (FoI) Act, which came into force this year.

The Original link shows how George Soros got wealthy by black wednesday & those dodgy tories
You dont support


https://www.investopedia.com/terms/b/bl ... nesday.asp

Understanding Black Wednesday

Before Black Wednesday, the U.K. had been in the European ERM for two years. However, the pound was depreciating and falling close to the lower limits set by the ERM. The British government took steps to bolster the pound, including raising interest rates and authorizing the use of foreign currency reserves to purchase pounds.

I’m talking literally. Brown sold 56% of our reserves when measured by weight.

links please . otherwise just more biased tory support. for weight & the 9 billion claims . or would you rather discuss BLT's ?

Dohnut wrote: ↑Wed May 04, 2022 8:16 pm

tuffers#1 wrote: ↑Wed May 04, 2022 6:45 pm

Dohnut wrote: ↑Wed May 04, 2022 6:38 pm

I’m talking literally. Brown sold 56% of our reserves when measured by weight.

links please . otherwise just more biased tory support. for weight & the 9 billion claims . or would you rather discuss BLT's ?

Same place I did an hour ago. I googled it. There is stacks of stuff on the Brown gold sell off and somewhere in their are numbers. I have no idea how accurate it all is other than it was a massive sell off. I even read the guardian article for balance.

Like I say, I’ve little interest in the numbers as such, different people will have different views. My only interest was the claim the Tories sold more (kg) because if they did, it passed me by.

According to a bbc article in 2019, 20 years on, it says brown sold 401 tonnes out of our holding of 715 Tonnes. The balance being 314 tonnes. Which is why I questioned the Tories being able to sell more. Unless we were buying at some point.

Dohnut wrote: ↑Wed May 04, 2022 8:16 pm

tuffers#1 wrote: ↑Wed May 04, 2022 6:45 pm

Dohnut wrote: ↑Wed May 04, 2022 6:38 pm

I’m talking literally. Brown sold 56% of our reserves when measured by weight.

links please . otherwise just more biased tory support. for weight & the 9 billion claims . or would you rather discuss BLT's ?

Same place I did an hour ago. I googled it. There is stacks of stuff on the Brown gold sell off and somewhere in their are numbers. I have no idea how accurate it all is other than it was a massive sell off. I even read the guardian article for balance.

Like I say, I’ve little interest in the numbers as such, different people will have different views. My only interest was the claim the Tories sold more (kg) because if they did, it passed me by.

According to a bbc article in 2019, 20 years on, it says brown sold 401 tonnes out of our holding of 715 Tonnes. The balance being 314 tonnes. Which is why I questioned the Tories being able to sell more. Unless we were buying at some point.

tuffers#1 wrote: ↑Wed May 04, 2022 8:36 pm

Dohnut wrote: ↑Wed May 04, 2022 8:16 pm

tuffers#1 wrote: ↑Wed May 04, 2022 6:45 pm

links please . otherwise just more biased tory support. for weight & the 9 billion claims . or would you rather discuss BLT's ?

Same place I did an hour ago. I googled it. There is stacks of stuff on the Brown gold sell off and somewhere in their are numbers. I have no idea how accurate it all is other than it was a massive sell off. I even read the guardian article for balance.

Like I say, I’ve little interest in the numbers as such, different people will have different views. My only interest was the claim the Tories sold more (kg) because if they did, it passed me by.

According to a bbc article in 2019, 20 years on, it says brown sold 401 tonnes out of our holding of 715 Tonnes. The balance being 314 tonnes. Which is why I questioned the Tories being able to sell more. Unless we were buying at some point.

You know why countries buy & sell gold dont you. ?
If you dont i rrslly dont see how you ever got anywhere near a
Boardroom , As for you not liking or caring for numbers .
No links as usual



DOh
Stop trying to mix things
You. Are Embarrasing those who do vote or care about anything .
You are takin the place of thor for being.
The most PATHETIC board member to exist barr none .

Dohnut wrote: ↑Wed May 04, 2022 10:47 pm

tuffers#1 wrote: ↑Wed May 04, 2022 8:36 pm

Dohnut wrote: ↑Wed May 04, 2022 8:16 pm

Same place I did an hour ago. I googled it. There is stacks of stuff on the Brown gold sell off and somewhere in their are numbers. I have no idea how accurate it all is other than it was a massive sell off. I even read the guardian article for balance.

Like I say, I’ve little interest in the numbers as such, different people will have different views. My only interest was the claim the Tories sold more (kg) because if they did, it passed me by.

According to a bbc article in 2019, 20 years on, it says brown sold 401 tonnes out of our holding of 715 Tonnes. The balance being 314 tonnes. Which is why I questioned the Tories being able to sell more. Unless we were buying at some point.

You know why countries buy & sell gold dont you. ?
If you dont i rrslly dont see how you ever got anywhere near a
Boardroom , As for you not liking or caring for numbers .
No links as usual



DOh
Stop trying to mix things
You. Are Embarrasing those who do vote or care about anything .
You are takin the place of thor for being.
The most PATHETIC board member to exist barr none .

Now that you realise your statement about gold was wrong you are simply trying to muddy the waters. And throw insults. I know you were wrong. You know you were wrong. I know you know you were wrong. The insults prove that even more.

I quoted what YOU said and proved it to be bolox. Get over it.



You lost mate!

Gary the Plumber wrote: ↑Wed May 04, 2022 10:27 pm

Dohnut wrote: ↑Wed May 04, 2022 8:16 pm

tuffers#1 wrote: ↑Wed May 04, 2022 6:45 pm

links please . otherwise just more biased tory support. for weight & the 9 billion claims . or would you rather discuss BLT's ?

Same place I did an hour ago. I googled it. There is stacks of stuff on the Brown gold sell off and somewhere in their are numbers. I have no idea how accurate it all is other than it was a massive sell off. I even read the guardian article for balance.

Like I say, I’ve little interest in the numbers as such, different people will have different views. My only interest was the claim the Tories sold more (kg) because if they did, it passed me by.

According to a bbc article in 2019, 20 years on, it says brown sold 401 tonnes out of our holding of 715 Tonnes. The balance being 314 tonnes. Which is why I questioned the Tories being able to sell more. Unless we were buying at some point.

Have you thought that maybe we held more than 715 tonnes pre 1997?

Didn’t your extensive Google research - including of the Guardian, which shows just how not right wing you really are - suggest that?

Gary the Plumber wrote: ↑Tue May 03, 2022 2:37 pm

Long slender neck wrote: ↑Tue May 03, 2022 2:29 pm Interested on DohO's take on Elsie 77, who gets the bus all day to keep warm?

Something like

“Don’t like to praise Boris but think you’ll find he was the one who introduced the Freedom Pass to help out people like Elsie. Need to consider the good he does as well as the bad. Never straightforward. Complex.”

Or some such guff.

Long slender neck wrote: ↑Thu May 05, 2022 12:28 pm Old people only eat biscuits anyway.

StillSpike wrote: ↑Thu May 05, 2022 1:45 pm and Wether's Originals