Well, numerous times this year I've walked into my Bank RBS and told them exactly what was going to happen over specific time frames. In the beginning of Septemper of 2008 I told workers in RBS that their CEO Goodwin would lose his job. On Monday Oct 13, he walked but with a guaranteed defined-benefit company pension, currently worth approximately £8.4million and upto £1.3million in severance pay. !!
Anyways, I have also told them of the total flatlining of the economy within 16-33 months at the outside unless the entire banking sector gets out of the Derivatives centric market.
A week ago, after some stone faced rudeness from members of RBS staff, I just came out with
"This Bank will not exist in 12 months time, not even in name". This just tripped off the tongue. So could there be any basis for expecting RBS to be scrapped altogether? I would bet a £100 right here and now, if I was a gambling man, that despite absolutely no precedent nor foreknowledge or forewarning RBS banks will no longer exist within these next 12 months. You'll find not a word in the press anywhere about such a hypothesis ... But I am confident. Because my mouth uttered the prediction.
Now how's that for confidence in your own opinion? We'll see eh! Actually it is a bit troubling if it is true, since they have all my money.
Lord Mandelson warns RBS over 'exorbitant' bonuses
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5667185.eceFrom Times Online
February 5, 2009
"
Lord Mandelson has warned the Royal Bank of Scotland that it risks alienating the public by offering “exorbitant” bonuses to traders and senior bankers.
The Times revealed today that RBS was preparing to pay bonuses to thousands of staff despite the fact that the bank is propped up by £20 billion of public money. The proposed payments are expected to reach tens of millions of pounds — possibly hundreds of millions — with some star bankers in line for six-figure bonuses.
Lord Mandelson said: “Please be mindful about how this looks and what public opinion will be. Obviously you have to work in a market where you have got to recruit the best people, keep the best people in place and motivate them."
The Business Secretary, who was speaking at the launch of a £3 billion project with RBS to inject cash into small regional businesses, said: "They have got to consider how it looks and how it seems when those mistakes and losses have been made.” Mandelson was first appointed 'Minister without Portfolio', followed by "Minister" for The Millenium Dome project, then Secretary of State for Trade & Industry; later he launched the Millenium Bug and Electronic Commerce Bill and appointed a Net Czar.
Now, we all know that
Mandelson is a Bilderberger. So he's presumably in on this banking implosion, has re-appeared almost magically out of two previous resignations firstly after a dodgy interest free loan of £373,000 from a Millionaire Labour MP in '96. He was then appointed Secretary of State for Northern Ireland and then in Jan, 2001 resigned a 2nd time following allegations of fixing provision of Nationalisation papers & a passport for an Indian Businessman working on 'The Millenium Dome'. Mandelson became Chair of the 'Policy Network' counting Tony Blair, Bill Clinton & Gerhard Schröder amongst its membership.
So, what these Bankers are accused of doing today in planning huge payouts for 'demoralised' but extremely selfish staff makes Mandelson's shortfalls and resignations look like small-fry. Still, does Mandelson need an opportunity to be able to re-establish failing credibility, & that he is seeking each and every day now, by aiming his Lance at the Heart or Head of The Royal bank of Scotland? Is this his opportunity for redemption?
