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He’s one of few honest politicians

8:00am Saturday 4th July 2009 in


SIR – It appears Malcolm Doyle seems to be a little confused why I say Mr Brown is a very good man. To start with, Malcolm, he’s one of the very few honest politicians who works for the country. You point out that he sold a large proportion of our gold reserves. Yes, he did, and with the money he bought euros which turned into a handsome profit.

Another good thing Mr Brown did was save the banks from going under and through his action no one in the country lost any money.

JOHN SHEARON,
Worcester.

Comments(9)

Common Sense says...
8:11am Sat 4 Jul 09


I find it very hard to believe that anybody can actually think like this, today. I despair, I really do!

...and by the way, he's working for Scotland - certainly not England.

The man's a walking disaster. How much evidence and proof do you need?


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network says...
8:58am Sat 4 Jul 09

If Mr Brown is a good man,answer me this Mr Shearon why is this country in such a mess?He is the worst PM this country as every had, and he was a poor chancellor.As Common Sense as stated how much more proof do you need,

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network says...
8:58am Sat 4 Jul 09

If Mr Brown is a good man,answer me this Mr Shearon why is this country in such a mess?He is the worst PM this country as every had, and he was a poor chancellor.As Common Sense as stated how much more proof do you need,

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BarryB says...
10:53am Sat 4 Jul 09

Words don't fail me, this is the sort of claptrap that I have come to expect from this man. Shearon wouldn't know what a Euro was even if he was presented with a million of them.
He is unable to answer the question but I will ask it anyway, for starters, I was not aware that Clown purchased Euros with the income from the disastrous gold sale but let's assume that he did. So the first question to Shearon is, WHEN DID HE BUY THEM. Fact when Clown sold the gold, the exchange rate Euro to Sterling was 1.50 (£500 would buy 750 Euros), Under Clown the exchange rate has dropped so dramatically that two weeks ago the exchange rate was one for one, ie £500 would have purchased 500 Euros. Today, £1 is worth 1.16 Euros. Perhaps Shearon's ability at maths allows him to see this as a profit.
This man wants to remember that there are intelligent people out here. This pathetic advertisement for the Labour Party just about sums the whole stupid bunch up.
Please, please has someone an old PC to give this man so that he can read the comments that his idiotic stream of letters provoke.

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Cromwell of Worcester says...
4:57pm Sat 4 Jul 09

I recon Brown an absolute miracle man, why do I say this because after hitting the floor running, one of his first incentive was to give all the unfortunate Pensioners of this Country a rise of 25p. He never once considered the financial implications this would course, generous to a fault.

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BarryB says...
6:44pm Sat 4 Jul 09

Oh! come on Cromwell, he went one better than that, what about the £200 Council Tax present (bribe) he gave us, led us to believe that like the Tory and the Lib Dems ones, it was a permanent and ongoing "pressy", then, after the election and after they gained office, he stopped it after the first payment.
Only the Shearon's of this world would see good in that diabolical lie and tactic.

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jovialcommonsense says...
10:44am Sun 5 Jul 09

BarryB
I agree wholeheartedly with what you say, but in the interests of fairness.....
If Brown paid £500 for 750 Euros at 1.50 he could now sell those 750 euros and receive £646.55 at 1.16.

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BarryB says...
2:44pm Sun 5 Jul 09

jovial, it say's more about the devalue of our pound than profits with the Euro, 1,50 Euros to the pound was the "going rate" at the time of the gold sale.
If he had sold then (which he didn't - this is in Mr Shearons imagination) he would have got the then "going rate" of 1.50. ie, no profit or loss.
The later weakness of the £ against the Euro is the only factor that would have allowed him to make a profit had he indulged in this monetary speculation, but knowing what we do now about Brown's financial/economic prudence, even this would have been beyond him.
The critical question as I said, is when did this financial transaction take place. (that is, apart from in Mr Shearon's imagination of course because it is the first time anyone has ever said Euros were bought with the gold proceeds.)

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Rob Martin says...
6:23pm Thu 9 Jul 09

subtract the gold, add the Euro's, mix in a sprinkle of failed economy = Profit. Genious, why didn't I think of that last year -.-

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