Former prime minister Gordon Brown. Picture: Jonathan Brady/PA Wire
SINCE Gordon Brown sold off half of the UK’s gold and silver bullion, at fire-sale prices, how can money have any value?
What is there to back up the money in circulation?
Could some financial whizz-kid explain quantitative easing, which seems to me no more than printing money – shades of Weimar Republic – Germany 1924-29 period.
Other nations seem to be doing the same – Japan is churning out notes as fast as they can convert trees into paper!
Zero interest rates indicate worthless money – I am one of vast numbers on the receiving end. A barter system is beginning to look preferable to out of control capitalism.
GB Butler, Stockton-on-Tees
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