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Into The Abyss
timetoflush
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1-6-2008 7:05 AM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1dbee2dd-7256-406d-987d-b8719e795920/54FF2009-E7B6-45E0-BF87-7882EA5582AB/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.goldseek.com/AlfField/1199651180.php" href="http://news.goldseek.com/AlfField/1199651180.php" style="font-size: 11px;">news.goldseek.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.goldseek.com/AlfField/1199651180.php"><DIV> <FONT size="1" face="Verdana, Arial, Helvetica, sans-serif" color="#666666">-- Posted Sunday, 6 January 2008 | <A href="http://digg.com/submit?phase=2&url=news.goldseek.com/AlfField/1199651180.php&title=Into The Abyss&bodytext= Some years ago Gordon Brown, then UK Minister of Finance, was asked at a dinner party why he had allowed the UK to sell 60% of the country’s gold reserves from 1999 to 2002. According to someone who was present, the reply was along the following lines: “We stared into the abyss and were concerned that a sharply rising gold price...&topic=business_finance">Digg This Article<IMG border="0" alt="Digg It!" src="http://www.goldseek.com/images/diggit.PNG" /></A></FONT><FONT size="1" face="Verdana, Arial, Helvetica, sans-serif" color="#ffffff"> | Source: GoldSeek.com</FONT> </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.goldseek.com/AlfField/1199651180.php"><P class="MsoNormal"><B><SPAN lang="EN-GB">Some years ago Gordon Brown, then <ST1:COUNTRY-REGION _moz-userdefined="" w:st="on">UK</ST1:COUNTRY-REGION> Minister of Finance, was asked at a dinner party why he had allowed the <ST1:COUNTRY-REGION _moz-userdefined="" w:st="on"><ST1:PLACE _moz-userdefined="" w:st="on">UK</ST1:PLACE></ST1:COUNTRY-REGION> to sell 60% of the country’s gold reserves from 1999 to 2002. According to someone who was present, the reply was along the following lines: “We stared into the abyss and were concerned that a sharply rising gold price would alert the world to the crisis that the world was facing. That is why we sold our gold”. <O:P _moz-userdefined=""></O:P></SPAN></B></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.goldseek.com/AlfField/1199651180.php"><P class="MsoNormal"><B><SPAN lang="EN-GB">The world is dealing with a Sub-Prime crisis, an Evaporation of Credit crisis, a Banking Solvency crisis, a US Dollar crisis and an International Monetary crisis. These roll into one to produce the “Mother of All Crises”, the “Perfect Storm” crisis.<O:P _moz-userdefined=""></O:P></SPAN></B></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.goldseek.com/AlfField/1199651180.php"><P class="MsoNormal"><B><SPAN lang="EN-GB">In this article four sections are covered:</SPAN></B></P><P class="MsoNormal"><B><SPAN lang="EN-GB"><O:P _moz-userdefined=""></O:P></SPAN></B> </P><OL type="1"><LI class="MsoNormal"><B><SPAN lang="EN-GB">THE SYMPTOMS;<O:P _moz-userdefined=""></O:P></SPAN></B></LI><LI class="MsoNormal"><B><SPAN lang="EN-GB">THE DISEASE;<U><O:P _moz-userdefined=""></O:P></U></SPAN></B></LI><LI class="MsoNormal"><B><SPAN lang="EN-GB">THE CURE;<U><O:P _moz-userdefined=""></O:P></U></SPAN></B></LI><LI class="MsoNormal"><B><SPAN lang="EN-GB">INVESTMENT STRATEGY.</SPAN></B></LI></OL></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.goldseek.com/AlfField/1199651180.php">This crisis will not go away. It is destined to escalate.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/54FF2009-E7B6-45E0-BF87-7882EA5582AB/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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