BRITISH TAXPAYERS TO BE TOTALLY SCREWED BY BILDERBERG OSBORNE'S BUDGET
PIMCO appointed Neel Kashkari, the dude who implemented the Bilderberg TARP under Hank Paulson, as its Managing Director. Before helping Paulson defraud the USA of hundreds of billions, Kashkari was a VP of...GOLDMAN SACHS!
Bill Gross, PIMCO's founder and manager of its Total Return fund, made billions from the bailout of Fannie Mae and Freddie Mac via the TARP.
So when people like this want to buy our bonds, I think we're gonna get done...BIG TIME. And their position on our bonds has changed since Bilderberg Osborne proposed a severe austerity budget, much more severe than Labour would have proposed.
But then again, Labour dragged us into the financial crisis with their light-touch regulation of the City.
So who can we trust?
Pimco turns bullish about UK gilts in light of budget cuts and euro debt woes
World's biggest bond investor seems unfazed by possible downgrade of UK's AAA credit rating
Pimco's Bill Gross Pimco, the world's largest asset manager, is now optimistic about investing in UK bonds, despite talk of a possible downgrade in British debt – but then its co-founder Bill Gross, above, has been fiercely critical of ratings agencies.
Pimco, the world's biggest bond investor, has turned bullish about Britain, reversing its position in January, when it warned that government gilts were resting "on a bed of nitroglycerin".
The California-based asset manager is more optimistic about investing in Britain following the drastic budget cuts announced by the government while, at the same time, Europe's debt woes make other sovereign bonds relatively less attractive, the Guardian has learned.
The asset manager's sheer size – it has $1tn (£659bn) of assets under management – makes its views widely followed in the market.
Pimco's move comes despite Standard & Poor's credit rating agency warning earlier this week about a possible downgrade of British debt. The UK could lose its top AAA rating if the government fails to deliver its planned austerity budget, S&P said.