The Royal Bank of Scotland is predicting a Cataclysmic Collapse of the world economy and is encouraging all of it’s investors to sell everything and invest in safe bonds. Oh yeah, and two independent non-partisan reports state the Dodd Frank and the CFPB are ruining everything.
Comments
additional comments on "RBS Predicts a Cataclysmic Collapse of the World Economy"
Comments are closed.
The Dodd-Frank Act is accomplishing EXACTLY what it was designed to accomplish – destruction of the finance system. Looks like the job is getting done.
Buy Silver, buy ammo, store food, lock and load for the time is neigh upon us.
Are two studies enough? Were these studies done by companies that matter? No doubt that Dodd Frank is killing the banking industry and in turn hurting a lot of people.
I cannot get your video to post on Facebook this morning.
Another area of point that should be commented on is the unneeded "state" regulations and enforcement that still exist. With the implementation of the "2010 GFE" and "TRID" is it really necessary to have these state examiners still in existence? Most cases all they are examining in a loan file is if the 1 or 2 required "state specific" forms were given to the borrower. Are these 1 or 2 forms still necessary with TRID? Recently a state near me performed their "exam" on the "9" files we completed in that state. The exam was clean but we received an invoice for the exam in the amount of $1,600. This was for two examiners to review 9 files over a 2-3 day period. Government gone wild.
US Bank won't even consider a rehab loan. What good are they? There is no reason for a national bank. None of them has helped the St Louis market. The small, local banks are the savior for small, neighborhood business men and women.
Seems, after watching the Big Short, the bigger they are the more criminal they become.
So what are the chances of repealing Dodd-Frank and doing away with the CFPB? Republicans are too cowed by the Democrats, and Democrats think party loyalty trumps common sense.
Get rid of the CFPB, repeal Dodd-Frank.
Yes Dodd-Frank sucks. Would have been a lot easier (and more to the point) to throw a couple of Wall Streeter's in jail, but we all know why that didnt happen. As for the cataclysmic collapse of the world economy, perhaps the RBS could explain exactly what bonds would be "safe" in the event of the collapse (the cataclysmic collapse no less) of the worlds economy? Im thinkin' the put the money in my mattress bond?
Excellent…So, did the Royal Bank of Scotland (“RBS”) say WHEN there will be a “Cataclysmic Collapse of the World Economy”? As RBS seems to have the proverbial Crystal Ball, I would like to know when, so, I can plan my vacation around it… 🙂
Why is the content No Longer Available, I want to share!
I don't have a business page, but I feel strongly about this information so I'm sharing some business with you. It is funny what you won't see in our main stream media news, and this is a little scary but information is power. Thanks
it is not just the Bank of Scotland but several other people who are experts are saying the same thing in this country. Another Democratic President has set up the next Republican President to take a huge fall because once again another Democratic President has so screwed up the marketplace it is going to cost Americans several trillions to clean up the mess he made. Clinton gave every body a home even if they could not afford it and even if they were not here legally in the US. Now Obama has put a noose around the marketplace and right as he leaves office he is going to slap that horse on the butt and further devastate an already fragile recovery. Why do we keep voting Democrats and their liberal agenda’s and literally shooting all of America in the foot. Well Clinton was shooting ourselves in the butt. Now with Obama we blew both our kneecaps off!!
Could it be that the 2008 meltdown was a combination of the deregulation fever of the Bush2 era (January 2001 to January 2009) and, the lack of oversight of the financial community by Republican controlled Congress (1994-2008), or, the inattention of the Securities and Exchange commission in that same era, or, the invention of exotic bond products peddled, and peddled to world wide investors with misleading (or worse) investment ratings, or the repeal of Glass-Steagall, which then allowed government insured deposits to be taken to the casino window, or, the abandonment of rational underwriting standards by mortgage brokers, and banks of all sizes, or, the giddy and vast flow of fees, fees, fees at all points of the process…and the ongoing lack of accountability of the players in a vast conspiracy of fraud, deceit and greed. Alan Greenspan said it…everyone knew what was going on…and he has said…we will be having this conversation again in the future….
Fred, your comments are 100% correct! But why do we point to each side of the isle. The bottom line is big government full of greed at the top. Let’s go back over 200 years and heed the warning of our for father.
“A government big enough to give you everything you want, is big enough to take away everything you have.” Thomas Jefferson.
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.” Thomas Jefferson in 1802
“When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe.” Thomas Jefferson
“The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.” Thomas Jefferson
“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.” Thomas Jefferson
“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” Thomas Jefferson
“My reading of history convinces me that most bad government results from too much government.” Thomas Jefferson
“No free man shall ever be debarred the use of arms.” Thomas Jefferson
“The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.” Thomas Jefferson
“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.” Thomas Jefferson
Get quotes. I’m keeping those for future reference. Thanks for sharing them.
Ha! Dumb auto-spell…should read “GREAT quotes”, not “Get quotes.”
Maybe joel could help
I know I'm going to send this info to my worthless Senators and Representative. I bet I get a form letter in my email thanking me for contacting their office.
Frank and Brian,Thank you for such great information.You Guys Rock
Months before Dodd – Frank was implemented I told everyone that this day was coming. It is here and Dodd-Frank has driven the economy back into the ground. Dodd-Frank was a failure before it was implemented. Our Country is just 9 Trillion Dollars more in debt. It has made the rich richer and the small entrepreneur obsolete or out of business. It starts with the President and goes down the line, to Cordray, Chris Dodd, Barney Frank, Elizabeth Warren, Maxine Watters. These people along with Hank Paulson, Bernanke, Greenspan, Tim Geithner and Goldman Sachs are the real criminals of 2008 crash and the looting of Power that went on after it. Yes President Bush turned his head, but got nothing out of it. He doesn’t even appear publically, compared to Bill Clinton who can’t get his face out of the cameras. Dodd-Frank needs repealed, all of it, (that includes LO Comp and TRID) and we need to start over with the Republican Congress to re-assemble our economic system. This time, there needs to be enforcement. We have enforcement now, but on innocent people for typos. How absurd the system is now. There are no victims and dozens of Perps for typos. Funniest line of President Speech: Let’s get rid of these unnecessary regulations. Out of the mouth of the man that created the CFPB, which is a FACTORY that produces unnecessary regulations daily, NOW, everyday, Currently. He should be impeached on that line, alone.
The question is how do we get anyone to listen? Dodd Frank sailed thru and is alive and well. CFPB is alive and well and getting stronger. All we really needed was the agencies in place to do their job as well as the rating agencies where banks still get to pick and choose. I came across a one page GFE this week in an old file. It almost made me cry. So simple, every line clearly stating what it was and who was paying. We have made buying a house so complicated. I have somone now living in a home they are renting with nothing but a heater, temps in the teens. We have a terrible appraiser and when it is all ready to close this week they'll have to wait another week for the actual closing. We need everyone in Washington to go home.
Hard to conceive of N economy driven into the ground that is the strongest and most stable in the world…and because we believe in a ensure of oversight and fairness in financial markets…and a fairly low tolerance for gaming the system. A stock market well over 16,0000, a pretty low unemployment rate, a booming auto and real estate market…and a preferred haven for investors worldwide. Debt is a concern…but isn’t it a prime strategy of the hedge guys to require companies to go deeply in debt to unlock value?
This is NOT a surprise. Less and less places to do banking and finally one bank for a one world system. ONE WORLD Government, One world system means no diversification. Governments are going to “create a crisis” in order to step in and make “corrections” for their ultimate goal: The one world banking system. This was all predicted in the Bible. I know “I’m a nut and don’t know what I’m talking about” yet it’s all happening as predicted. Hummmmmm
I am not able to see this video…is there another way to see it.
Gotham City, its probably inevitable:
1. your bank account info will either be in your eye or your fingerprint
2. we will have to use a “passport” that is also in our eye or fingerprint to travel to another state with in our own country
3. Whatever is in the computer about you will be LAW
4. You will have no privacy and no rights
5. We will all or most of us except the CEO’s of country wide, Chase and BOA be drones and slaves to our employer. Also Bill Gates and the Apple bunch (in other words if you are filthy rich and have connections you have rights otherwise you might as well be dead.Unless of course you like the ideas I just mentioned above.
Forwarding to the Donald…