View Full Version : Economy will collapse 2nd bank bailout fails
blueyonder2012
19-01-2009, 02:41 PM
RBS loses £28billion in a YEAR as Darling warns British economy will collapse if second bank bailout fails
Daily Mail | Article (http://www.dailymail.co.uk/news/article-1121365/RBS-loses-28billion-YEAR-Darling-warns-British-economy-collapse-second-bank-bailout-fails.html)
Alistair Darling today warned the whole economy will collapse if his bailout of the banking system fails.
His admission came as Royal Bank of Scotland revealed it is facing losses of up to £28billion for last year, the biggest in UK corporate history.
RBS said it had lost £7 to £8billion in lending and £15 to £20billion on its stake in Dutch bank ABN Amro. MORE > > (http://www.dailymail.co.uk/news/article-1121365/RBS-loses-28billion-YEAR-Darling-warns-British-economy-collapse-second-bank-bailout-fails.html)
:eek:
killmicrosoft
19-01-2009, 03:12 PM
looks like there plan is working
mr facts
19-01-2009, 03:16 PM
Once obama's in it will be a matter of weeks before the global econemy crash.
anthony65
19-01-2009, 03:27 PM
looks like there plan is working
Yep! :(
Cliff. Britain. Going over. Fast.
http://www.dailymail.co.uk/debate/columnists/article-1121427/PETER-OBORNE-We-8217-nation-brink-going-bankrupt.html
horus13
19-01-2009, 04:08 PM
http://farm2.static.flickr.com/1260/851310116_00d5186cde.jpg?v=0
much of the theory and rhetoric on this forum is just this basically. at least it keeps you off the streets.
anthony65
19-01-2009, 04:11 PM
http://farm2.static.flickr.com/1260/851310116_00d5186cde.jpg?v=0
much of the theory and rhetoric on this forum is just this basically. at least it keeps you off the streets.
The end of what is nigh?
Certainly the end of the current phase of bogus Rockefeller/Rothschild capitalist bullshit is nearing its inevitable conclusion.
What comes next?
bobhodge
19-01-2009, 04:22 PM
it will fail, because they have not removed the blockage. all they are doing right now is giving banking execs extra spending cash.
it will fail, because they have not removed the blockage. all they are doing right now is giving banking execs extra spending cash.
Blockage? Probably just a confusing term.
The system isn't blocked, there is just no demand left.
Our monetary system (referred to as our economy) requires more debt to be demanded each day than the day before. Now there is only so much a man can produce in his life, so there is only so much one can expect to lend and be paid back. We may have reached a point where enough people have borrowed from the future as much as their future holds. They therefore can't demand more debt. The implosion occurs.
bobhodge
19-01-2009, 04:30 PM
Blockage? Probably just a confusing term.
The system isn't blocked, there is just no demand left.
Our monetary system (referred to as our economy) requires more debt to be demanded each day than the day before. Now there is only so much a man can produce in his life, so there is only so much one can expect to lend and be paid back. We may have reached a point where enough people have borrowed from the future as much as their future holds. They therefore can't demand more debt. The implosion occurs.
yes the system is blocked by toxic assets. demand is still there for money - that is clear to see - banks will not lend because of a crisis of confidence in the banking system. the monetary system has worked for a long time now, what has happened is trillions of dollars of fraudulent assets were created and allowed to circulate throughout the financial system. loading them on to the taxpayer causes a global currency crisis as opposed to a global banking crisis. the only way to get out of a global currency crisis is with the introduction of a new currency not saddled with trillions of dollars of fraudlent financial dealings.
yes the system is blocked by toxic assets. demand is still there for money - that is clear to see - banks will not lend because of a crisis of confidence in the banking system. the monetary system has worked for a long time now, what has happened is trillions of dollars of fraudulent assets were created and allowed to circulate throughout the financial system. loading them on to the taxpayer causes a global currency crisis as opposed to a global banking crisis. the only way to get out of a global currency crisis is with the introduction of a new currency not saddled with trillions of dollars of fraudlent financial dealings.
No, the housing crisis is a proximal cause, the monetary system itself is the higher distal cause.
The dot com bubble, housing bubble, etc etc. were just ways of keeping the system going a little longer.
If we could get an asset bubble now it would pull us out of the slump.
You say their is demand for money, but that demand is driven by debt repayment demands which in tern deflates the money supply.
bobhodge
19-01-2009, 04:43 PM
No, the housing crisis is a proximal cause, the monetary system itself is the higher distal cause.
The dot com bubble, housing bubble, etc etc. were just ways of keeping the system going a little longer.
If we could get an asset bubble now it would pull us out of the slump.
You say their is demand for money, but that demand is driven by debt repayment demands which in tern deflates the money supply.
no you are completely wrong.
Why did Robert Peston give you an explanation you could repeat ad nausem?
breezinreezin
19-01-2009, 05:26 PM
http://farm2.static.flickr.com/1260/851310116_00d5186cde.jpg?v=0
much of the theory and rhetoric on this forum is just this basically. at least it keeps you off the streets.
True. But I'd like to get under her placard and discuss endings.
bones
19-01-2009, 07:19 PM
im ready for the collapse and ive no fear of it.
bring it on.
bobhodge
19-01-2009, 07:33 PM
Why did Robert Peston give you an explanation you could repeat ad nausem?
who is robert peston
grenadene
19-01-2009, 07:40 PM
True. But I'd like to get under her placard and discuss endings.
You'd better get a move on then ... you haven't got long :D
free_soul
19-01-2009, 09:06 PM
It looks to me like they are transfering money on a large scale to there new country/region
I dont know were as everywere seems to e falling however id like to take a guess at china as the super state and the midle east as the minions
blueyonder2012
19-01-2009, 09:54 PM
looks like there plan is working
Yeah, the game is going into its final stages for a New World Order FT.com article (http://www.ft.com/cms/s/0/7a03e5b6-c541-11dd-b516-000077b07658.html)
PROBLEM: Watch it collapse/Bankrupt, Riots, No Money to buy Food Goods etc.
REACTION: Do something!!!:eek:
SOLUTION: An RFID chip so this can never happen again and we can regulate the system to ensure it WONT happen again and keep you safe too!!
There wouldn't be a better / easier time to do this, This RFID CHIP or more shortages!!
:rolleyes:
blueyonder2012
19-01-2009, 10:31 PM
RBS SHARES DOWN 66.6%
its the good old 666
http://uk.news.yahoo.com/14/20090119/tpl-darling-we-won-t-nationalise-rbs-81c5b50.html (http://uk.news.yahoo.com/14/20090119/tpl-darling-we-won-t-nationalise-rbs-81c5b50.html)
...
hewrote
19-01-2009, 10:47 PM
the true economy collapsed long ago...
you're now witnessing the demise of the credit souffle!!
scotfree
19-01-2009, 10:51 PM
I am growing my own food as much as possible.
I believe there is 3 days food in the supermarkets.
free_soul
20-01-2009, 01:01 AM
Is the economy collapsing such a bad thing?
and if it is why????
I think that if we can hunt and grow food then we are sorted, shelter not a prob just make a lean to
a tip for catching birds.
1, get a lenth of fishing line. peg 1 end in the ground and anouther on a tree so it makes a 45 degree angle.
2, Tie along the fishing line (about 6 will do)
3, bait the hooks with bread chips etc.
4, spread the scent of the bait around the area (meat is a good way)
5, wait and see, leave the area for a few hours and return to see if you have caught anything :P
We will see this through, this is our black out to attack while the barriers are down ;)
breezinreezin
22-01-2009, 10:39 PM
You'd better get a move on then ... you haven't got long :D
Is that an invitation darling;)
jesuitsdidit
23-01-2009, 12:29 AM
The end of what is nigh?
Certainly the end of the current phase of bogus Rockefeller/Rothschild capitalist bullshit is nearing its inevitable conclusion.
What comes next?
sanity??