Prince Philip “Don't they all look the same” referring to the leaders attending the G20 Summit.
And he has a point, they not only look the same they act the same with a few minor national differences. Their agenda is about posturing, photo calls, tea with Betty, (Queen Elizabeth) intense networking to position oneself for a future lucrative job in a non-affective world organization ala Helen Clarke, giving the nod to the issuance of an agreed communique et al.
This current crop of world leaders are good orators and usually photogenic when elected in order to present the 'face' of their political party. They are not thinkers or strategists, that is the bastion of the those non-elected invisible people we fondly term bureaucrats.
At a time when the politicians in the UK are having their expenses scrutinized, the Prime Minister is trying to explain his two million pound pension pot, there are rioters on the streets of London, the banksters are advised to dress down, they announce that the Members of Parliament have been awarded a rather nice pay rise. The timing could not have been worse and these people are suppose to be diplomats!
Lets face it when did a politician last take action that was to your benefit? Please let us know as we are struggling to come up with something.
The best we can hope for is that they do nothing, the less government the better, there is nothing more dangerous than a career politician who has never had a job, passing legislation about which they know nothing.
The best thing to happen today was that gold prices gained $9.40 or 1.2% and the HUI gained 18.49 or 5.5%. We draw your attention to the leverage that the stocks displayed against the metals themselves. The stocks have been through a lackluster period in terms of leverage so it gives some comfort that days like this are still possible giving our portfolio a little boost.
Got a comment – then let us have it!
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