Glasgow based filthy property speculator with three daughters. Chess playing, food-loving, Francophile Cavalier King Charles lover with a heavy emphasis on doing as little as possible
Tuesday, August 18, 2009
Start procreating...
Herbert Hoover was quite a wise old bird. One of his sayings was: " Blessed are the young... for they shall inherit the National Debt". At the present time, that has a somewhat terrifying ring to it...
For God's sake - that's like Brown's Investment which in his language basically means handing out cash to ne'er do wells to get drunk on. Of course, as we all know Bankers are very clever ( with other people's money) and they OUGHT to be able to do a debt for equity swop, like they keep forcing on sound businesses that have borrowed too much.....
4 comments:
Wise old bird? Maybe, but he was also an economic illiterate causing huge damage to the US and wider economies at the time.
True - but he had the right idea about debt...
Somebody in today's FT is taliking about switching it into the National Equity
For God's sake - that's like Brown's Investment which in his language basically means handing out cash to ne'er do wells to get drunk on. Of course, as we all know Bankers are very clever ( with other people's money) and they OUGHT to be able to do a debt for equity swop, like they keep forcing on sound businesses that have borrowed too much.....
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