That pain in the neck ERM – pre-cursor to the Euro, was inevitably going to do us more harm than good I felt, and I wholeheartedly agree with Margaret Thatcher's position on it and the Euro.

Incidentally, I often question where the Euro would stand in the markets if the UK transferred its Euro reserve into bonds or another currency or even back into gold, because I think it was a stupid decision for Brown to do that and to my mind was hypocritical of the much lorded "free market" they sign on about.

I note they call political decision making in these areas "interference", which again isn't really a nice word to give a politician who's simply doing a job. So I watch for these insulting words and phrases which have infested our world of politics and see what they really mean. Such as Globalization ( meaning rampant capitalism without social conscience ), or free market ( meaning capitalist bankers and speculators and their shareholders come before people.

Obviously you will note I don't agree with these practices and I promote "Social Democracy" where people come first in my imagined new society, but that's a topic for another day.

Reply: It is difficult to believe the press are so stupid as to accept a Brown plant re Miliband without checking it out with Milburn/Miliband themselves. Nor could someone be a serious leadership contender without having sufficient knowledge and power with the press to scale the story back and rubbish it if it were a hostile plant.

I did want to get to the point here however and declare my suggestion that people should read Margaret Thatchers archives which has a little to say about it along with independence of the Bank of England and who was actually to blame for Black Friday.

Here’s an extract:

http://www.margaretthatcher.org/archive/foi-uk.asp

The ejection of sterling from the European Union’s Exchange Rate Mechanism in September 1992 was an event of fundamental significance for British politics. The Treasury released documents analysing the debacle on the request of the Financial Times. The timing of the request – months before a General Election – guaranteed controversy, compounded when sections of the papers held back from release were sent to the BBC.

[released by Treasury, 9 February 2005]

Now call me naive here or totally stupid but that reads like we were thrown out ? – And it also reads that our government at the time actually “reacted” to that as opposed to “causing” it ?
Yes of course we shouldn’t have went in if we’d known we’d get booted out but I don’t happen to see much publication of the facts here in terms of trying to sway public opinion and rid this misnomer of it being “our fault” – Just a thought.

As to Millipede and his team of other lowlife, he will swing to any tune but his own because he lacks a songwriter.
Taxation is written all over his mush and so is spin and duck diving.

Except for one matter and that’s got me very puzzled.
Namely, my intution tells me that David Cameron was recently in Georgia prsumably to beat Milliped to it. But that said, I’d hazard a guess that he’d have to have been given the nod on this from the Privvy Counsellors at the Foreign Office.
If I’m right about that then he’s fallen head first into the wrong set of circumstances where a politician normally waits for public reaction before launching off as an opposition leader to battle on his own accord against Russia whilst singing the praises of the American parasite Saakashvili ?

So in comes Milipede with a differnt tune, and I think that sounds better than Mr Cameron’s did which I believe is less in keeping with public opinion ? As I say, I don;t know, it’s only my intuition telling me he was wrong, albeit that I disagree fundamentally with Mr Cameron on this and find myself agreeing with Miliband ( hoyk pwew ).

So if these events were orchestrated and Mr Cameron was dumped into Georgia this way, then I think he’s just been subtely overshadowed by the guy his own team is supposed to be shadowing.

Time will tell I suppose but I think Mr Cameron needs to rescue his position, start looking at ways to engage with Mr Dmitry Medvedev on a personal level, and see for himself what Mr Medvedev has to say about the Georgian tanks running over his people along with the shell holes in their houses. i.e. Speak to the victim as well as the aggressor before making statements of guilt to the world.

Could you give him a nudge on this Mr Redwood please before Milipede starts to run any faster on his own stage ?

Best regards,
Eddie Allen

Perhaps Brown’s refusal to censure him is because he demonstrates that, for all his manifest faults, Brown is far & away the best PM Labour have on offer.