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GLD Vault Protector HSBC To Double Banker Pay
The banks in England are celebrating austerity in a tried and true fashion: by boosting salaries. SkyNews reports that HSBC, infamous vault custodian of the precious paper for GLD and SLV, has decided to double banker salaries. After all, someone has to trigger inflation. We are confident the broader English population will celebrate the news with the same fervor as it did when it realized it was its generosity that allowed an insolvent RBS to keep operating for a few addition years.
From Sky News:
Sky's City editor Mark Kleinman reports that the bank began informing staff in London, Hong Kong and New York about the pay rises last week.
A source close to the bank said that some senior managers outside the global banking and markets (GBM) division were also being handed the pay increases.
HSBC's move comes ahead of the annual bank bonus round in the New Year.
"As UK politicians intensify warnings about the payment of mega-bonuses, HSBC may legitimately be able to point to a sharply reduced bonus pot by virtue of the fact that it will have only recently awarded large salary increases," noted Kleinman.
"Although investment banks tend to disclose bonuses as part of a total compensation figure (expressed as a percentage of revenue), the move could lend HSBC a small advantage in that it is historically a comparatively low payer in its GBM division," he added.
Banking regulators who are pushing the industry to rebalance investment bankers' remuneration away from variable pay, in the form of bonuses and towards fixed salaries, are likely to welcome the decision.
Meanwhile, HSBC's rivals have already phased in large basic pay rises during the last two years, "so it's certainly possible to argue that this decision simply brings the bank into line with its peers", said Kleinman.
However, politicians are unlikely to praise the salary hikes, given the bank is bumping up the rewards of already well-paid bankers.
Earlier Mark Hoban, the Treasury Minister, said that banks would have to "think very carefully" about the forthcoming bonus round.
"Stuart Gulliver, who will present his first set of results as HSBC's chief executive on February 28, might decide that revealing a separate bonuses figure on that day would provide the appearance of a major bank reining in its bonus pool," Kleinman suggested.
It is good that bankers have once again learned the reason why everyone else loves them so much is due to their humility, and ability to live on the same amount of money as the bulk of the population. After all they provide so much added value to society.
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someone is going to end up shot over this
We can only hope..
Eat the bankers.
I like mine with ketchup.
Eat them and their seeds. Stops the cycles.
Oh there you are again. Nice to see you back.
I think you guys are ready for my latest:
http://madscienceunlimited.com/fiction/actsOfCharity.html
It's brutal. But if you wanted an idea of what "eat the bankers" might look like, now you will. The girl is actually fun to be around, in an eating-you-alive kind of way. Just seriously keep her away from your pets.
I have developed a flairs for the dramatics.
It's all about the drama, isn't it?
I read some of your stuff last night. I felt as if I needed to go to confession. Which means, from your standpoint, it was good stuff.
Everyone needs to rediscover their religion. Basic principles, pure motivations, values clarifications. It's a start.
Glad you enjoyed it. As you can probably tell, I enjoyed writing it.
So what is gonna happen when people realize that 95% of them are jewish?
Meat comes in all sorts of wrappers. A proper carnivore eats whatever is in front of them.
Hot sauces bitchez?
Doesn't go with yiddish food. Horseradish, bitchez.
The words "persecution" and "holocaust" will appear as often as the words "the" and "of" in ALL forms of media and entertainment..
http://www.come-and-hear.com/dilling/chapt04.html
the IRA may seriously have a response..just sayin'
The IRA is being downplayed... I had the same thought as you though.. I think their numbers must be growing by the day and their anger proportionally..
;)
Translation: Let Ireland eat cake
someone is going to end up shot over this......
theres gonna be lots of BANG once the SLV and GLD holders go in to collect their Physical
roflmao, rise and fall of roman empire, achieved thru increasing salaries always of the soldiers, until kaput
bankers need bigger bonuses because, well hell, they know what there doing is criminal, thus, the only way too keep the crime going is too make it pay
friggemall
Hang the bastards.
This is hush money for all those potential whistle-blowers whose consciences are acting up.
Bingo. They need some robo-signers for the vault audits...
+10
+10 again
Though it might only be one or two; they'd have to raise everyone in order to cover up who was ready to sing.
Rope, tree, banker, some assembly required.
I can see a William Banzai 7 image for that...
With instructions written in Chinese and then badly translated into Engrish.
Epic lulz
Rope, 4 horses (cars?), banker, some disassembly required.
Guessing trees - like Conscience - are a rarity in The City or on Wall Street. Plenty of cars around though, and more colourful result.
Probably hush money.
BTW it's pretty neat how the yield on the 10 year keeps going up, yet gold takes a $30 haircut.
Max Keiser getting a colloidal silver enema today.
banks think they are paying to retain/obtain talent...
but the word talent is such an illusion..that even the bankers think that they succeeded because of they are that damn good.
Fred Goodwin of RBS was once hailed as a mega talent:-)
The first step would be the bankers to realise that all they are doing is organised gambling.
My friend does a thorough analysis of the horses that he is betting on...surely he is not a gambler..or is he? cant tell the difference these days.
Gambling?
Seems to me more like organization casino rigging!
Who controls price when it is not a free market, but instead there is always a middle man giving you the price they will pay and the price they will sell at? It is rigged, crooked and designed to take money away from everyone who is not "them".
Banking has become organized crime. Eventually we'll even have guys in cement overshoes walking with the fishes. That's where all this is headed.
Sir Humphrey: Well, what are you good at, then?
Sir Desmond: Nothing. Nothing, really, I'm a banker!
Best TV show ever.
http://www.youtube.com/watch?v=1t0m-pspvhs&feature=related
http://www.youtube.com/watch?v=vidzkYnaf6Y&feature=related
OT, but in a cnbc article online a senior editor is calling out ZH as making "unfounded accusations" regarding David Tepper, in case anyone wanted to look into it.
Marlene told me the other night that these accusations are not unfounded. David Tepper does indeed have a very tiny penis. Nothing to see here, literally. Now, move along.
Good to see ZH so under the skin of CNBC they have to comment about 'unfounded accusations constantly! CNBC wouldnt even exist without the full support of Wall St and Gubment.
http://www.youtube.com/watch?v=cDQk4lGSEJQ
I trust ZH over CNBC any day.
You gotta pay these bankers what they're worth. Otherwise, they'll be lost to overseas competition..er..what?
HSBC's "pay day loan" business is more lucrative than ever.
Looks like Ireland is not accepting any terms currently. They know their people will not tolerate eventual IMF oppresion. Just today the IMF is now demanding a further 4 billion in Greek austerity. Ireland is not Greece and I believe this next 4 billion will only light the protest flames of even more Greeks. The Ponzi masters at the ECB, Fed and IMF are so desperate to keep this fiat insolvent system they would just give the Irish the money free and clear. Eventually the fear tactics and finger pointing will cease when they realize Ireland will not accept the IMF poison pill and they will literally give them free money ad that is when you know the Euro is all over. Any Irish parliament member knows full well it could mean decades of bombings and civil war. They will not serve the IMF. Most Scotch Irish throughout history even today have always seen through the banker ruse.
feisty.
Clearly, US bankers will not let this challenge go unanswered without their own salary increases.
It's just a war now. Salary wars are terrible to behold. Millions and then billions are given away, bankers defecting for other countries, bonuses with no end and no hope.
I fear for the children.
cuppa tea?
That's "cuppa tea, guv'na?" to you, sir!
You take sugar?
No thanks, Turkish, I'm sweet enough.
This on the same day they are being asked to contribute to the Irish bailout! Perfect timing!
"Perfect timing" is announcing a royal engagement on the same day -
http://www.bbc.co.uk/news/uk-11770033
austerity for us, audacity for them.
They've been supporting the royal family in luxury forever. They are used to overpaying and getting nothing in return.
they don't call them "war lords" for nothing...
Why do I picture the IRA mounting up locked and loaded?
Why do you ?
am getting mad at this. things never used to be like this when i was a kid (1950's-1960's) . Banks were a COMMUNITY SERVICE ......... we all just went to the bank & added to our deposits on account & earned interest ........... ROBERT RUBIN / ARREST THIS PERSON & GET RID OF HIM / RUINATION OF AMERICA . no wonder our elderly are going to face starvation & this man doesn't give a shit.
Ever wonder how it was that money sitting in a bank simply "earned interest" and magically turned itself into more money? Yeah, it's called fractional reserve banking, and it's all about getting something for nothing. Money (debt, really) created out of thin air. You participated in the scam even back then, it seems. And yet folks think those were the "good old days."
Wake up and stop taking things for granted. Maybe the correct way for an economy to work is not with exponents. Maybe an economy should force people to actually produce more energy than they consume. That's real wealth creation.
It's up to them, let's just stop digging them out of a hole when they fall into it.
Oh! and take away all the political privileges they receive.
Bankers watching the gold vault.
As it ever was.
Theyve got to be trying to get the people to go violent, therefore creating the excuse for govt to bring down the iron boot! Last resort, they need to point fingers at the people.
"it ain't no luck...I LEARNED TO DUCK!" HSBC is as "English" as India is. And now we have "Europa..."--a moon off of Jupiter." It's "the smallest of the moons around Jupiter..." It was discovered by none other than Galileo himself. Imagine..."discovering a moon revolving around a planet." Makes ya' think, don't it? Needless to say "the Church took note."
There Will Be Blood, hopefully.
Wake up, wake up, sheeple of the world.
Put down the remote and grab a weapon.
I respect these guys. The system is broken and they have the attachments to get rich on the weakness of the political leadership. What would you do in their shoes? Go poor because the western democracies are too frail to stick to capitalism when it means a failure?
All losses are socialized accept those falling on individuals. Banks, big companies, unions, governments - not to worry. Your leaders are too weak to let you reap what you sow. They do not actually believe in a free market, buit they'd like it's benefits to fund their political spending. They'll print money to hand your losses back to those self-same individuals.
The bankers are a sign - a flashing light for the rest of us. They are not making their money on their wise investment choices and success in promoting a growing economy. We all see that now. These people are getting raises for being in the sweet spot of the money-printing food chain. It's happening right before our eyes. Don't get mad, act accordingly, protect what wealth you can. They are too weak to hold your savings.
"respect" is earned in more than simply a "return of capital." they say "you can't time the market...
They have all the gold. They get to make all the rules.
They had to do it. Too many bankers were threatening to defect to the US government
+ $10.-- food stamps
It wouldn't eat their like if they were prepared by the best chef in the land. You can't make something rancid edible.
+10! HSBC observed JPM Dimon misstep. Loyalty is higher salary and bonuses, paid from the profits of the PM Alchemy. Meet the guys who are long soy ink and rice paper.
So let's have some names and home addresses. I'm sure there are some people who might like to pay these guys a visit. How about "The ZH guide to banker's homes around the world". Best-seller for sure.
Loyd BankFiend is on to you, as he and his ilk are already employing extraordinary security measures.
But nothing seemed to have deterred the IRA or the French or Americans in past times, even with extraordinary security measures employed.
These days seems like bombs are the answer to everything. Not much that "security measures" can do there, I don't care who you are.
double the bribes
Loyalty pay, either they are great workers or someone starts talking and the house of cards comes down. I would guess the second reason is closer to the truth.
...go ahead, give 'em more digi-crack...we know they will just ask for more and more, until...well, i'll reserve my commentary for that post.
The brits have stopped watching. Only a severe double dip and property crash would catch their attention again. They've bought recovery and are unaware they'll foot the bill for Ireland... and Portugal... and Spain.
And they told me they couldn't give me anymore in kickbacks!!
And i do all the dirty work for them! If it wasn't for me gold would be 1650 by now
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