It's amazing how few people in the UK realise that the last time the world went in to a massive financial tailspin, albeit one not directly caused by the President of the USA, it was Gordon Brown & the late Alistair Darling who provided the sort of international leadership desperately needed now.
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1. Black Monday occurred on October 19, 1987.
2. #Stock Market Crash: The Dow Jones Industrial Average fell by 22.6% in a single day—the largest 1-day percentage drop in its history.
3. Global Impact: The crash affected stock markets around the world, incl #austalia, #japan & the #UK
I remember that day…
Even in our store
It was bad.
He didn't cause the crash, he saved us from the consequences.
He's been pilloried by the Tory press ever since, they have used any means to discredit this fantastic man.
Buckle up—what’s coming won’t be softened by slogans.
WHY!
Has be been haunted by the ghost of as of yet, still undead Kete Hoey?
What a way to go! It stinks.
https://www.theguardian.com/politics/2025/apr/07/rights-groups-starmer-anti-migrant-rhetoric
They are now back to doing similar derivatives that lead to the crash.
All rescue is, by definition, socialist.
It's all God's willing. Or something.
Being prepared and ready to act - seems better than not being so at this point in time.
https://medium.com/@aletheisthenes/on-april-20th-2025-the-united-states-will-cross-the-point-of-no-return-0aecac04cfc3
We should immediately join the EU customs union, reduce interest rates by 2 % minimum and reverse the Employer NI rise. That's just to start.
The lesson we have learned from Brexit, Trump, Truss, Farage, Le Pen, etc., is that a post-truth world cannot continue.
Creation of chaos and confusion to seize total power.
https://medium.com/@aletheisthenes/on-april-20th-2025-the-united-states-will-cross-the-point-of-no-return-0aecac04cfc3
Brexit is a massive unending chain of disaster that the country is trying to ignore...
Discuss,
We don't want more of the same. We need more politicians and Governments who will regulate the markets and finance system so that we all benefit, not just the rich
And, as if no lessons have been learned, Labour are now relaxing the banking regulations that were brought in to try and prevent such fiscal stupidity.
#Apathy
Billionaires buy the stock at low prices
Tariffs are sorted out stock exchange recover
Billionaires sell there stock at higher prices.
the thick racist gammons just lapped up the lies …
“History doesn’t repeat itself but it often rhymes”?
https://www.senate.gov/artandhistory/history/minute/Senate_Passes_Smoot_Hawley_Tariff.htm
The greater good v self-interest.
Funny how they look better as the years pass.
Labour should make more of this action and stop platforming tory dogma as being the only way forward.
How many UK govts., all Atlanticists, refuse requests from the US govt.?
Which they likely will, all be it in Reform guise, because people are gullible.
https://www.theguardian.com/politics/2008/sep/11/gordonbrown.economy?CMP=Share_iOSApp_Other
This time, the whole shitshow is down to the idiot's idiot squatting in the White House.
Much like the brexit mob wailing about the failures of Brexit to be 'done properly' being the problem.
Not sure the yanks can see though that narrative tho
Liberal apologists for performative cruelty, genocide & daylight robbery are the worst. You gave usthis shitshow.
Starmer has reset the bar for idiocy with the red lines.
Starmer's 'red lines' are up there with Truss's budget and Trump's tariffs though.
Speculation and large scale dodgy gambling creating a worldwide financial meltdown.
Brexit removed our power, influence and intelligence from our politicians.
And while on it, the 2008 tailspin was caused by subprime lending and corporate greed in the US.
Sadly, trump has scottish ancestry so I dont know where I'm going with this.
This time it will come from #Canada #MarkCarney
Oh, and #GordonBrown sold almost entire #uk gold supply at $350 an oz cause he was convinced it wouldn’t go higher
It’s now at $3200 and still rising
That's debatable.
For me, 2009 can be directly laid at the door of George Bush Jr, for implementing the deregulation to allow people who couldn't afford houses to now buy houses.
And btw : America is at the root of all financial disasters in modern history.
If they work together there's a way forward.
Another stitch-up by the US like the Marshall Plan which GB finally finished paying off all those years later….
*sarcasm!*
#GLOBALfinancialcrisis
No single country, let alone a single politician, can combat that. Not even a giant like Gordon Brown.
Bailing out the banks with taxpayer money we never got back was 'leadership'?
Leadership would have been to save the financial system AND punish those responsible.
They didn't, they were both beholden to the city, they sold the people out, and this turmoil today is the long term result.
So yes they alerted total financial collapse but their chosen method fucked ordinary people twice
Everyone knows the way to deal with Trump is to meet him head on and just wait until he gets bored and wants a new toy to play with.
Worst thing leaders can do is capitulate to Trump's extortion tactics because he will just come back for more at a later date.
But starmer & co seem worryingly cloth eared sometimes.
The US is not a safe place for negotiations.
Sign and share.
https://petition.parliament.uk/petitions/700041
There is the biggest market on our doorstep.
But the coward doesn't want to rejoin or even call for a second referendum.
He would rather go down with America.
America is lost, forget about them.
Right now there are many who still belie e that the UK can just rejoin and have all the opt outs from before.
Ye need electoral reform, the Euro, and metrication
In one generation, the UK will be amongst the poorest of all European countries.
Even Canada is looking to join the EU.
That said if NI decides to take matters into their own hands, they can become Full EU citizens tomorrow via reunification
They didn't get enough credit for it either.
“The oligarchy told you to reject the evidence of your eyes and ears. It was their final, most essential command.”
Oh wait, I’m sure A.i will
Fix it, let’s give Peter Thiel another £200 billion🙃
They made the 2008 crash look like a golden age.
That is MAGA!
Really.
Trump has no sense of history or justice.
Now?
Brain hurts every time I remember how recklessly we have erased our importance on world stage.
Canada is showing the way with #elbowsup
Appeasing Turnip will fail.
But that ‘albeit’ is doing some heavy lifting. They had an international consensus. This situation is a bit different.
Lays me down, with my mind he runs
Throughout the night
No need to fight
Never a frown with Gordon Brown
Jesus.
I always thought of Gordon Brown as the guy who was the UK chancellor who:
1. Sold off half of Britain's gold reserve's for rock bottom prices
2. Was chancellor for 9 year before the financial crisis & presided over years of deregulation
But I guess he had good moments too 👍
Right now Carney is the leader.
Do not capitulate. Put down the phone. Gloves up.
Will that actually work? We face a unique situation. An egotistical madman in change of the last superpower.
Instead of playing Trump’s game, the rest of the world should isolate his ridiculous administration to save net zero and the planet.
Trump killing net zero and Musk grabbing resources to flee with a million people to Mars are bigger threats than a blow to GDP growth.
1/2
2/2
Maybe Carney could help, but there's no Gordon this time, and definitely no Obama.
mark carney can do one as well😡
Just imagine falling stock markets & rock bottom share prices?
Better than winning the lottery it’s guaranteed.
What a way to find this out
Wouldn’t bother looking there for any inspiration.
Delaying the transition to electric cars by a few years
I wish he had a bit more vision
Pathetic and weak
He’s allowing a gentler transition to support British business and it’s been proven negligible difference to the omissions by doing this.
Cruel times..hopefully never to return..🤔