Don. Black Wednesday? Check it out.

Also Thatcher's doctrinaire abolition of exchange control that cost the UK £30 billion and is argued to have made the disastrous liberalisation of banking inevitable - see http://www.cepr.org/pubs/bulletin/dps/dp294.htm

Gold reserves and exchange rates are simply for dickswingers with no brains.


Mither - that is you, Mither, in disguise, isn't it? - New Labour may be bad, but the conservatives are far worse for the poor. Their 47% moment came yesterday with the formation of the "Blue Tories". A plan to appeal to the working class (surely they can't be fooled twice) - but no mention at all of any appeal to the unwaged. A bit of a giveaway that.

Life for those who are not rich is bad under New Labour, but impossible under the conservatives - and it is intended to be, to make them more readily coerced by capital.