what the hell? haha. check to make sure that you don't have something binding between the brake controls and the throttle controls. i had that problem on my 65 mustang except the brakes did work and i was reving up the engine at the same time. easy fix.
no nothing binding it just lost pressure and i also discovered that my e-brake doesn't work either. there i am minding my own business and then all of the sudden i find myself strapped to an out of control red and gray smoking hunk of metal.....kind of like riding haleys comet