RBS cries 'sell everything' as deflationary crisis nears

Investors face a “cataclysmic year” where stock markets could fall by up to 20% and oil could slump to $16 a barrel, economists at the Royal Bank of Scotland have warned.

In a note to its clients the bank said: “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small.” It said the current situation was reminiscent of 2008, when the collapse of the Lehman Brothers investment bank led to the global financial crisis. This time China could be the crisis point.

The Guardian
Telegraph


Even if this is all just crazy talk, its this kind of talk that starts a panic and causes the meltdown.

Silver and Gold are super low prices right now and might be a good option very soon.

I'm chill.



Does put things into perspective.

They're on midday break right now just a few points below opening bell.

Good Call on the silver. I remember when it went to $9 after the last crash. If it goes down to $11 I'm buying.

originally posted by: pl3bscheese


If it goes down to $11 I'm buying.

Same here, even if it drops more after that it will surly go up to $20 at some point and that's double the money!

I think all will be calm for now, but mayhem cold break loose in 24hrs if panic spreads on social media.

selling for two months on the GBP/JPY........which is the canary in the coal mine.......and running for the hills

Gold.....nope......silver, ya can do the daily thing......dow........sell

a reply to: gazzerman

Good Grab, Gazz! This is worth posting for at least the reason
RBS gave another buzzkill only a couple of weeks before the
last meltdown... like Lehman Bros, Merrill Lynch Pierce Fenner
Smith Greed Avarice and basically Evil. Dominoes cued to go,
and here comes the big muddy tsunami.
I know the original Fanny and Freddy, although vulnerable
weren't the first to go: but the warning signs were picked up
in time by the major stockholders and others astute.

The stockholder memo said back in August 2007 "Duck!" or
more succintly "Sell Everything." My home plate of checking
charges in the Chicago area is now owned by a child of RBS--
so I tend to respond with more urgency after the last dead-on
call. Thanks again you beat me to it..

EDIT: Add to this the Balkan Dry Index, for the first time in
its record keeping history-- has recorded a GOOSE EGG. That
means zero ships in the Atlantic for the last recording period.
That's not stagnation, that's a commerce corpse. Irk.

a reply to: gazzerman
Thanks for posting this. It confirms what I said to my Beloved when I opened the report on our market investments recently.
Looking at that figure was just depressing. Two percent growth? From the same fund that was returning 13% prior to the crash!
My words were: "I'm thinking we should just cash this out and turn it into silver."
It's a tiny account that we've left active out of curiosity. We cleaned most of it out prior to the crash, leaving only a little to keep a toe in the water.

It's too late for that RBS. Its like a roach motel, once you check in you can't check out.

Looks like chicken little had his bluff called.

www.abc.net.au...


The bank's advice? "Sell everything".
However, the note has been met with plenty of cynicism.

"I think it's probably the worst kind of recommendation you could make," responded Robert Pavlik from Boston Private Wealth.

My guts tell me RBS was overextended into Chinese currency and is trying to avoid insolvency.

originally posted by: smirkley
My guts tell me RBS was overextended into Chinese currency and is trying to avoid insolvency.

Yeah and we've already bailed them out once

Nice little history of the fail bank RBS here - Royal Bank of Scotland: from bailout to sell-off Seems like they never learn when blinded by greed

Anybody taking financial advice from the RBS should... probably be very interested in this lovely bridge I have to sell them.

I'd guess traders at RBS have planted a whole bunch of shorts, and they're getting nervous and trying to spark something.

This is one bank that just deserves to be taken to pasture and put down.

So long, and thanks for all the fish:



Edit: for those without video capability:

So long and thanks for all the fish
So sad that it should come to this
We tried to warn you all that your dead

You may not share our intellect
Which might explain your disrespect
For all the natural wonders that
grow around you

So long, so long and thanks
for all the fish

The world's about to be destroyed
There's no point getting all annoyed
Lie back and let the planet dissolve(around you)

Despite those nets of tuna fleets
We thought that most of you were sweet
Especially tiny tots and your
pregnant women

So long, so long, so long, so long, so long
So long, so long, so long, so long, so long

So long, so long and thanks
for all the fish

If I had just one last wish
I would like a tasty fish
If we could just change one thing
We would all have learned to sing.

Come one and all
Man and Mammal
Side by Side in life's great gene pool

(oooohhh oooohhh oooaahhhhh- ah ahh)

So long, so long, so long, so long, so long
So long, so long, so long, so long, so long

So long, so long and, !Thanks!
for all the fish!