"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Monday, March 31, 2008

Lord Patel's Helicopter Index - Floating Currency UK Uncertainty Program

We have decided to start using the Helicopter Index - the efficacy of the BOE in throwing money out of Lord King's helicopter - this is a very complicated calculation - the Euro / Pound exchange rate.

Friday .....today the £ closed against the € down 0.092 or 0.75% @ € 1.26215 lowest ever.

Monday ......today the £ closed against the € down 0.030 or 0.25% @ € 1.25915 lowest ever.
Using the inflation rate is fairly pointless as whichever one chosen is rigged, and accurate unemployment figures disappeared many years ago.

Lord Patel's design studies are busy designing the new Helicopter Index Logo. Toni Fabuloso is keen on a Saigon Helicopterish design with the portly Lord King fighting his way onto the helicopter on top of a slowly sinking Bank of England.

Lord Patel will shortly open a book on the date the Pound Sterling is exchangeable at parity with the Euro.

at 3/31/2008 11:57:00 pm

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