What does this mean to you?

[Scott Skawronska]

Preliminary research indicates this is true.

Quote:

On 06-18-2008 the Royal Bank of Scotland issued a warning to its clients. The Bank warned them to prepare for a GLOBAL CRASH of stock and interest markets in the next 3 months. This post is only a "heads up" for those of you who might be interested in this information. You should do your own research in order to determine how much credence to give this warning.


Checksum 1:
http://news.goldseek.com/GoldSeek/1213794988.php
Quote:

Royal Bank Of Scotland Issues Crash Alert and BIS Warns of Great Depression

(see News and Commentary section in top left)

Global stockmarkets are braced for one of the worst crashes in 100 years, according to the Royal Bank of Scotland (RBS) credit strategy team. RBS credit strategy team, in a special report for clients, said it expects inflation to paralyse economies and spark the crash. The report advised investors to be prepared for a severe downturn in global stock and credit markets, saying the S&P 500 index is likely to fall by more than 300 points to around 1,050 points by September.


Checksum 2:
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/18/cnrbs118.xml
Quote:

RBS issues global stock and credit crash alert

By Ambrose Evans-Pritchard, International Business Editor
Last Updated: 12:19am BST 19/06/2008

Have your say Read comments

The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.

"A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist.

A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets.




It appears as though the Telegraph is the source of all repeated information.

Further checksumming is requested.

I am concerned that this may be some kind of stunt to provide certain investors with a "window" in which to make a large sum of money over speculation; My forte is not economics but this is the feeling I get and several people whose opinions I respect agree with me.

There apparently was no press release (I can't find one, neither can anyone else I 've asked) which indicates to me the possibility of it being a form of "public spam".

So instead of panicking just yet, maybe someone with a little more informational savvy can follow the money and see who would benefit most from a market crash.

And whether or not dissemination of information like that could cause a self-fulfilling prophecy, which would make the crash predictable, and thus, able to be speculated upon. For money.

You decide.

S

[Ron_Galt]

It means we are getting ready to be in a world of hurt.

[Alredneck]

Dont have any money anyway, but it will make living mighty hard. As for the rest of society who knows I doubt they will be able to cope!

[neodymium]

I guess the question we have to ask ourselves is, "If I didn't watch the news, would I know there is anything wrong with the economy?" If you're like me, the honest answer is, "no."

I believe firmly that we are in a custom-made, artificial panic. Maybe I'm paranoid, but I believe that the elitist power brokers, and the very people that we trust to report the facts to us are using our ignorance and fears to push both their presidential candidate on us, and bring about the socialist utopia that is inherent in any and every collapse of a free market society.

[chicom]

I am getting unconfirmed reports that 10 major banking institutions are near insolvency.

Take that for what it's worth.

[Legio]

I am getting unconfirmed reports that 10 major banking institutions are near insolvency.


This is why if you have over FDIC guaranted amount on your bank account, then you need to open another one, preferrably in another bank.

[Sedition]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aBzD.V1iluuA&refer=worldwide

350 point drop yesterday.

[goober]

This is why if you have over FDIC guaranted amount on your bank account, then you need to open another one, preferrably in another bank.

This raises some questions for me that I think are worthy of creating another thread for. It is a good time to start talking about how to protect our ass-ets.

[Dentoro]

I think that would make for an excellent thread.

[alpmco]

I guess the question we have to ask ourselves is, "If I didn't watch the news, would I know there is anything wrong with the economy?" If you're like me, the honest answer is, "no."
Other than increased energy and food costs ... that is me.
I believe firmly that we are in a custom-made, artificial panic. Maybe I'm paranoid, but I believe that the elitist power brokers, and the very people that we trust to report the facts to us are using our ignorance and fears to push both their presidential candidate on us, and bring about the socialist utopia that is inherent in any and every collapse of a free market society.
I tend to agree with your statement. Those of us old enough to remember past economic times know enough to prepare for the possibilities. I love to refer to the early and mid '70s and all the BS that went on with oil, food and the various shortages and panics. Things are nowhere near that bad now ... yet? But they could be so the wise individual / family plans.
Unfortunately, for the most part the younger people do not seem to have the same priorities or care about with goes on around them. Most done even know who the vice president is much less their congressional representatives. Most of them don't know how to plan and save for the future. They expect the government to provide for them.

I'm saddened that I have a niece that is a good example of this. She is now 24 years old and has always been the conservative type and against handouts ... or so she said. She went Florida State University on a couple scholarships and got her BS in 4 years. Tuition and dorm were paid for. Then she discovered student loans! Party money that I warned her to steer clear of.
She graduated and thought she "Deserved" a $65k per year job because she had a degree! She wouldn't interview for anything less that that. Two years latter she took a job at $30k with an investment company. But her student loans came back to bit her ass. A credit check showed she had defaulted on payments and the investment company canned her because she was a high risk dealing with other peoples money. So she cut expenses and moved in with her boyfriend. She cut too many expenses and the baby is due the beginning of August. How they got money to put down on a townhouse is beyond me because she still has no job!
So the bad economy (that was her making) might just push her toward looking for Change with her vote.

I'm depressed! Where is my grape Koolaid?

[SteveK]

I guess the question we have to ask ourselves is, "If I didn't watch the news, would I know there is anything wrong with the economy?" If you're like me, the honest answer is, "no."

I believe firmly that we are in a custom-made, artificial panic. Maybe I'm paranoid, but I believe that the elitist power brokers, and the very people that we trust to report the facts to us are using our ignorance and fears to push both their presidential candidate on us, and bring about the socialist utopia that is inherent in any and every collapse of a free market society.

I think we have every reason to worry if not be in a full blown panic mode. With the costs of food and fuel rising as fast as they are, even if we don't enter a full recession, it is still affecting people in a negative way. Personally, I fear we will be lucky to only be as bad off as during the Carter years, but there is the real possibility of worse than that lurking around the corner...and I'm generally an optimist.

[ak474u]

I guess the question we have to ask ourselves is, "If I didn't watch the news, would I know there is anything wrong with the economy?" If you're like me, the honest answer is, "no."

I believe firmly that we are in a custom-made, artificial panic. Maybe I'm paranoid, but I believe that the elitist power brokers, and the very people that we trust to report the facts to us are using our ignorance and fears to push both their presidential candidate on us, and bring about the socialist utopia that is inherent in any and every collapse of a free market society.



I agree 100%,

1. I'm still confused about whether the global warming is going to come BEFORE or AFTER the ice age they promised we were going to have in the 70's

2. I heard Dave Ramsey say this "If you're standing at the water cooler at work talking about the recession, there is no recession" "if you're at home on the couch talking about the recession because you have no job, there might be a recession"

3. I think lots of the issues have been caused by people who violated the age old rule... "don't buy stuff you can't afford dummy!"