Think the Unthinkable...We're Headed for a Cliff - RBS!

Random Ramblings
1

Andrew Roberts, credit chief for RBS said:

“We cannot stress enough how strongly we believe that a cliff-edge may be around the corner, for the global banking system (particularly in Europe) and for the global economy. Think the unthinkable,” he said in a note to investors.

Here’s the article (if you dare):

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7857595/RBS-tells-clients-to-prepare-for-monster-money-printing-by-the-Federal-Reserve.html

2

Based on THIS ARTICLE we should ALL breath a huge sigh of relief!!

Obviously if RBS had ANY ability to predict the FUTURE the FOOLS would have avoided this…

http://www.washingtonpost.com/wp-dyn/content/article/2009/02/26/AR2009022600371.html

3

I don’t know FDJake - these big banks seem pretty smart to me (for criminals). During good times, they take HUGE risks and make HUGE profits. When things go bad, they steal the money from the taxpayers. Either way - THEY WIN!

4

I can’t argue with you on that one Mike…But they still suck at making predictions. :beer