Some Afternoon Amusement Courtesy Of RBS: There Is No Spoon - Or Bank Run

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Wed, 02/24/2010 - 13:56 | 243456 Cognitive Dissonance
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"Some Afternoon Amusement Courtesy Of RBS: There Is No Spoon - Or Bank Run"

Tyler, a Matrix reference! I didn't know you were a fan.

Wed, 02/24/2010 - 14:00 | 243472 John McCloy
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Who says life does not imitate art. People always wanted to be in the movies..well Welcome to the Matrix.

Wed, 02/24/2010 - 15:31 | 243637 WaterWings
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To the Guns of Navarone! Greek freedom fighters - the ghosts of Peck and Niven are still on your side!

Wed, 02/24/2010 - 15:36 | 243651 Neo of Zion
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always appreciated. Red pill special on Aisle 8

Wed, 02/24/2010 - 18:46 | 244060 MarketTruth
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There are no rioting crowds in this video

There are no rioting crowds in this video

Wed, 02/24/2010 - 13:57 | 243461 besodemuerte
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That picture is priceless.  Great post.   

Wed, 02/24/2010 - 13:57 | 243463 MarketTruth
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If anyone from ZH is reading this and is in NYC, you know, near a certain <cough> Broad St. <cough> with a can of spray paint....

We thank you.

Wed, 02/24/2010 - 15:38 | 243653 carbonmutant
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(cough) +1 (cough)

Wed, 02/24/2010 - 16:39 | 243775 SteveNYC
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I'll have to assume some responsibility to the cause, due to my name!

Thu, 02/25/2010 - 01:47 | 244580 Frank Owen
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Maybe more V for Vendetta than Matrix... though both very similar *cough*

Wed, 02/24/2010 - 13:59 | 243469 Lionhead
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First they deny your existence (ZH), then they begin to criticize & cast doubt, then they mount counter attacks, then you eat their lunch as they fade away into oblivion. Standard operating procedure. Disregard them...

Wed, 02/24/2010 - 17:19 | 243873 cougar_w
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... then you win. -- Ghandi

Wed, 02/24/2010 - 14:00 | 243471 bobby02
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Not to support RBS, but "according to private bankers and other people with knowledge of the situation" and "a private banker" in the Dow Jones articles is not sourcing. Their version is certainly plausible, but no "proof" is offered.

Just sayin'

Wed, 02/24/2010 - 16:19 | 243731 Anonymous
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In other words, Dow Jones "sourced" multiple people who did not want to be fired and who corroborated each other. I would say that counts as proof.

Just sayin'

Wed, 02/24/2010 - 14:02 | 243476 Anonymous
Anonymous's picture

Maybe you could clarify: Is the Greek finance minister referring to taxing the interest and/or capital gains on the accounts or the principal of the accounts? Principal is how I am understanding it. Sounds like Argentina.

Wed, 02/24/2010 - 15:21 | 243617 masterinchancery
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I am sure that Greeks abroad will be racing to repatriate their capital so that 5% of it can immediately be taxed away--in some alternate universe.

Wed, 02/24/2010 - 14:09 | 243489 Selah
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"excitable" blog?

How about an "informed and sometimes rational discussion"?

I have reason to suspect that any "falsehoods" or "attempts to deceive" would be and have been called-out on ZH with a quickness. Truth hurts much more than lies....

By the time that "sovereign default" is discussed, it is pretty much a forgone conclusion.

Ben said that our spending level is unsustainable.

I'm checking off "Grain Mill" and "Cast Nets" this month on my list. Maybe more 40 cal. Can't go wrong with more Franklin half dollars. More containers to catch rain-water.

My list is getting short... Fish hooks and butane lighters. Cartons of cigarettes. Nicotine addicts will give me Silver for smokes...





Wed, 02/24/2010 - 14:23 | 243509 Astute Investor
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"Excitable" blog? No

"Excitable" boy? Yes

Wed, 02/24/2010 - 14:29 | 243520 Selah
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He took little Suzie to the Junior Prom
Excitable boy, they all said
And he raped her and killed her, then he took her home
Excitable boy, they all said
Well, he's just an excitable boy
After ten long years they let him out of the home
Excitable boy, they all said
And he dug up her grave and built a cage with her bones
Excitable boy, they all said
Well, he's just an excitable boy

Wed, 02/24/2010 - 15:30 | 243636 deadhead
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Send lawyers, guns, and money

Wed, 02/24/2010 - 22:05 | 244328 velobabe
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wink. my alma mater Warren William Zevon, i knew his x wife Crystal

Wed, 02/24/2010 - 14:16 | 243493 hedgeless_horseman
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RBS fixed income salesperson calls and offers to offload some of the bank's inventory of PIIGS bond holdings, that you should do so with no questions asked.

Should someone let Scott Griffin know that the Home Office has his back on this one?    Relax, Scott.  Harvinder the Mollifier is all over it dude. Keep 'em smiling and dialing.



Wed, 02/24/2010 - 14:16 | 243494 GoldSilverDoc
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Game, set, and match. Winner, Durden.

Wed, 02/24/2010 - 15:31 | 243639 deadhead
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by the way Havinder, suck it.  you're wrong, ZH is correct.

here's a little future prediction for you: any Greek with money is going to get it the hell out of Greece and pronto.



Wed, 02/24/2010 - 16:15 | 243721 DoChenRollingBearing
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ZH has the record to prove it.

Unless Greece gets a "nice & comfy" bailout, the rest of PIIS will likely see this too.  Oh, and perhaps the rest of Euroland.  Oh, and perhaps here too?

Just pulled some more dough out of the bank today.  Half is going into gold.

Wed, 02/24/2010 - 14:15 | 243496 Postal
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See, this is what you get for pointing out that the Emperor has no clothes. Or spoons.

Wed, 02/24/2010 - 14:18 | 243500 Anonymous
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yep - these guys definitely have their finger on the pulse of the market

Wed, 02/24/2010 - 14:23 | 243510 Anonymous
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Well - you guys *are* excitable.

Wed, 02/24/2010 - 15:32 | 243643 WaterWings
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In a time of universal deceit, telling the truth is a revolutionary act. - George Orwell

Wed, 02/24/2010 - 14:38 | 243543 Internet Tough Guy
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Who cares if everyone takes their money from the bank because of taxes, currency controls, or just to walk around with it in their pockets?


Bank run, bitches.

Wed, 02/24/2010 - 14:45 | 243559 Anonymous
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I'll send Bob Jamjar round to kick his ass.

Wed, 02/24/2010 - 14:46 | 243561 junkyard dog
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Hysterical and excitable? Words from someone who only eats Kibbles & Bits. These people have never been locked into a blog about gold here: knives and spears only, check firearms at the door. And if one thinks they know something about bonds, give a try at a comment here. There are bloggers here who know what is going on. They may speak in a funny way, at times even condescending, but they give everyone a chance to make a mistake in thought. So, RBS, grow some nuts and jump on in, no reservation needed. Ass bags available at the exit.


Wed, 02/24/2010 - 14:53 | 243577 JW n FL
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Keep up the GREAT "CAPS LOCK FULLY BOLD TEXT" work Tyler!

Wed, 02/24/2010 - 14:53 | 243578 carbonmutant
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RBS must be holding a lot of Greek paper...

Wed, 02/24/2010 - 23:26 | 244433 Anonymous
Anonymous's picture

Yep they hold a LOT OF PAPER - most of it bad and purifying.
Now tell me again how good they are at making profits on a taxpayer freebie. But OH YES we HAVE to have a billion or two for bonuses to ensure we can make more losses for the taxpayers. We are so good at our jobs we can singlehanded and blindfolded run a company and the truth to ground in less time than it take to light a Cuban cigar.
Please Scotty beam me up - this planets about to go to critical mass.

Wed, 02/24/2010 - 14:58 | 243583 MarketTruth
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This looks very orderly in Greece:



Wed, 02/24/2010 - 15:10 | 243601 carbonmutant
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 The reporter referred to this as a scuffle... probably because there no Molotovs.

Wed, 02/24/2010 - 23:59 | 244484 Double down
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That is because they are drunk!  Better than Ouzo!!

Wed, 02/24/2010 - 15:23 | 243619 JW n FL
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This is the new, newer and / or newest Tea Baggers party push? The reason that these type of events have very little affect... is because there is no real position being pushed... to be yet more clear, the events lack substance... stay home and smoke weed and / or go to Church and pray for the end crap... either way or any variation of is weak... and I have been exceedingly kind.


How about a push for a law that requires “AAA” rated corps who have consumed cheap money at the expense of the tax payer… not be allowed to Lobby in any form the U.S. Government… The Tax payer should not pay for the Corporations Lobby against the Tax Payer… how about a something everyone can get behind and support beyond the typical “I know you are… But what am I?” Banter of blue collar verse other… the middle is stupid… the middle Voted for change and got Lobby part Duex… so what would make the largest change and have immediate effect? Kill off the Lobby… it serves almost everyone’s best interests… Oops? No more $10,000 dollar coffee brunches for the Congressional Crooks and Scumbag Senate members?


Never mind… it sounded GREAT!


Wed, 02/24/2010 - 16:01 | 243688 MarketTruth
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Many have called, faxed, e-mailed etc their gov reps about various topics such as the bailout. Overwhelmingly against things and guess what.

RESULT: They CONgress still passes this junk. Not a darn thing has changed or has been done. Banksters still get bonuses and no one goes to jail for anything. Everyone from Pelosi and her nice newish LARGE plane to the parties in Global Change that cost taxpayers millions to the HUGE waste of private Haliburton contractors in Iraq making HUGE profits, etc, etc and plenty more etc.

ACTION: Go to strike April 15 to 18. Grind the entire USA to a halt lock, stock and barrel.

Once they US Gov realizes what is going on and the action to strike at a moment's notice can easily happen again, perhaps THEN it will be time to talk terms and conditions. Nothing else seems to be working. If you have a better idea go ahead and post it.

Wed, 02/24/2010 - 16:53 | 243802 SteveNYC
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I'm in. Sitting at home, weed, Pink Floyd....sounds pretty good to me.

Wed, 02/24/2010 - 15:27 | 243632 Gordon_Gekko
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Wed, 02/24/2010 - 15:35 | 243647 deadhead
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A jobless recovery is when the USA's central bank, the Federal Reserve, prints up lots and lots of US dollars and gives them to a small group of very big banks.  Closely following that, this same central bank prints up even more dollars and gives them to the US Treasury in exchange for little pieces of paper.

I hope this helps.



Thu, 02/25/2010 - 07:14 | 244675 Gordon_Gekko
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Thx deadhead. Just wanted to shout out loud how completely and totally idiotic our society has become. The lack of intelligence in this particular generation(s) of our race is simply breathtaking. BTW, Miles has a nice take on this in the comment below.

Wed, 02/24/2010 - 15:40 | 243657 carbonmutant
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A recovery with out inflation.

Wed, 02/24/2010 - 18:10 | 243981 WaterWings
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A recovery with out [rioting].

Wed, 02/24/2010 - 19:54 | 244171 Miles Kendig
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GG - A jobless recovery is an economic state where the renumeration pool grows at a geometrical rate for fewer employees within the member institution structure of the federal reserve system while stating that personal and corporate tax receipts are drastically lower due to the dire condition of the same institutions requiring greater burden sharing with the rest of society.... Leading to this condition of "shared sacrifice" as defined by those that define which aspects of our economy are really important. Their own.  In other words, a jobless recovery is a condition wherein society learns who is supposed to meet whose needs, through coercion.  So, express a little gratitude to those that have managed to "save" their world at our expense.  After all, they are telling us that they are doing God work.  So kneel, kiss the ring and be grateful you are so privileged as to have this rare opportunity....

Thu, 02/25/2010 - 07:10 | 244674 Gordon_Gekko
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Bingo! Spot on Miles. To my mind, whoever accepts such moronic phrases unquestioningly deserves what's coming their way. Natural selection, if you will.

Thu, 02/25/2010 - 11:42 | 244866 TheGoodDoctor
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Ok, ok. But what is the mathematical equation to this? I know what the pictograph would be. :)

Thu, 02/25/2010 - 14:40 | 245238 Anonymous
Anonymous's picture

It's a jobless recovery when working slobs are still slos, but are no longer working - while at the same time, rich Wall Street SOBs are still SOBs and but get richer.

Any question?

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