Thursday, January 22, 2009
I wonder what 'Sir' Fred - 'Fred the Shred' - Goodwin is up to these days. He is, of course, the world's worst banker, the man who destroyed RBS. One would like to think that, wracked with remorse, he is either sitting in a darkened room with a bottle of cheap (obviously) whisky and a service revolver or doing good work among the poor, cleaning toilets etc.. But I guess not. Thanks to him and his friends, I shall be a pauper next time I leave the country. You see, the UK, says Jim Rogers, has nothing to sell so, even at its present levels, the pound is, like Wile E. Coyote, running on air. Oh I don't know, we can sell a few used bankers and there's all this stuff lying around - lamp posts, garages, wheelie bins, trees, giant baby buggies, aluminium picnic tables with plastic, gingham-patterned surfaces, probiotic yoghurt - we could flog off cheap. Of course, Rogers is an 'investment guru' so there is no reason whatsoever to believe a word he says. But it's hard not to feel a touch edgy. Are we, in fact, broke? I think we should be told. If everything collapses and the country is about to descend into barbaric tribalism, then I should be signing on for the warlord course at LSE.
Posted by Bryan Appleyard at 7:12 am