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Thread: Warning from RBS: Get out of the Market!

  1. #1
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    Default Warning from RBS: Get out of the Market!

    Royal Bank of Scotland recently released a warning to their investors that it might be time to get out of the market as they expect a "cataclysmic year".

    http://www.telegraph.co.uk/finance/e...sis-nears.html
    When seconds count the police are only minutes away.

  2. #2
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    Dead give away that things are going to get bad when banks tell investors to back off.
    Greater love hath no man than this, That a man lay down his life for a friend.
    John 15:13

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    In other words, it will be a great buying opportunity late in 2016.

    'This is about return of capital, not return on capital. In a crowded hall, exit doors are small'

    Deflation is no joke, and that's what the article talks about. There is a reason why negative interest rates have appeared recently (last year). Folks paying banks to hold their own money, instead of the other way around. Yes, strange times.

    Not a fan of the 'sell everything' mantra since I have closer to 20 years until retirement.

    Joe - NY

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    we should count our blessings to live 20 years you kidding

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    We just entered the 50th year Jubilee.

    https://en.wikipedia.org/wiki/Jubilee_%28biblical%29
    Μολὼν λαβέ (Molon labe), “Come and get them!”

    Nobody owes you anything. You're only entitled to what you worked for.

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    So I have to free all my slaves? That sucks
    Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety.

  7. #7
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    Quote Originally Posted by Tdale View Post
    So I have to free all my slaves? That sucks
    All 325,000,000 of us.

    Olin is under $20 per share, CSX is $23, Shell RDS A went down to $40+ and Chevron CVX was at under $50 per share, with Sturm Ruger holding strong and Boeing Air and Lockheed Martin holding strong.

    It is a good time to buy as Union Pacific is below $100 per share and dividends and annuities are still being paid.
    Approach with a calm resolve, attack with reckless indifference. Gladius Republicae!
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  8. #8
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    Quote Originally Posted by VoorTrekker View Post
    All 325,000,000 of us.
    I hereby release you from your chains, now go forth and prosper.
    Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety.

  9. #9
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    The problem is that holding cash is about as bad as holding stock. So of you liquidate, what do you do with your assets? I tend to think that tangible goods, real estate, PMs, and other hard assets are always a good direction to look, but depending on how much wealth one has, that may not be possible.
    “We cannot defend freedom abroad by deserting it at home.”
    Thomas Jefferson

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  10. #10
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    Quote Originally Posted by texan2 View Post
    The problem is that holding cash is about as bad as holding stock. So of you liquidate, what do you do with your assets? I tend to think that tangible goods, real estate, PMs, and other hard assets are always a good direction to look, but depending on how much wealth one has, that may not be possible.
    Exactly my dilemma, I don't have a boat load of cash, but what I do have is in the bank, can't just go draw it out anymore without .gov showing up. Have PMs, but can't overload on that either, in case they confiscate it in the future. Real estate sales are slow and would be even slower during a crash, so there is a liquidity problem. It's a tight rope.

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