Sunday 10 November 2013

the UK's sovereign wealth is, um, the sovereign

The UK is now in the final days of selling off
everything that was once national property. They've
sold off most ministries and their buildings, many
hospitals and their services, many schools and their
curriculums, the ship yards, the coal mines, the
railways, the water, the oil and gas that belongs
to the country.

are you getting the point, here?

Now, some motherf%^**king morons want to 
create a sovereign fund that will monetise the
UK's crown estate (land belonging to the state).
The article I'll cite showed a picture of the ruins
of a house that fell to pieces because of the 
Scottish clearances, another government f&^*(k-up.

They say that the value of that sovereign wealth land 
is £8.6 billion
and just brought in a surplus of £253 million this year.

Wow, how does that compare to countries that have 
nationalised oil reserves like Norway and Saudi?
Not too good.

Norway $737 billion
Saudi    $675 billion
UAE     $627 billion
China    $575 billion

And those funds are being added to.

The wily Brits are not only trying to sell of 
forests, this year, but this idea is designed to
monetise the last asset in the country, so that
government or banks can gamble that money
by investing in "up and coming property markets
in G20 states like China and India or in new
technology business, helping Britain secure
access to innovative ideas developed abroad"

because the country is moribund, I'm assuming.
 Please promise me that this will not lead to 
massive banker bonuses. please

checkit: Phillip Inman Guardian
Call to make crown .....1 October 2013