The moment of truth

So - Gordon decides to go on the day Europe decides to adopt his policies - what an irony.

Gordon Brown's legacy will be that he was the man who persuaded the world to pile debt on debt and then spread it around. Following the 2008 banking crisis, it was G B that convinced the central banks to pump more debt into the system which was already choked with it.

Now 18 months later when that new pile of debt is spilling over into ailing sovereign balance sheets in some countries - the EU central bank (or it's proxy) has decided to pump more debt into the system to cover not just the ailing countries - but those yet to catch the malaise.

Previously cautious and prudent bankers following the Austrian school of economics have abandoned their principles over the last weekend and signed up to debt profligacy joining Britain and America in the race to penury.

As Gordon leaves the stage - it will be the job of those that follow to balance the books, unless we invent a new form of economics where folk live off ever increasing debt forever...now there's a thought!

Why bother going to work - just relax and borrow some more to buy the bread and circuses.