Royal Bank Of Scotland Share Discussion Threads

[buywell3] 31/5/2020 22:00

Such Government backed toxic funds will be financed by more printed money or more borrowed money from the IMF ie debt.

But the IMF only has cash of $ 1 Trillion and that is being lent out fast now to African countries and other 3rd world countries who are first in the queue.


buywell is NOT all doom and gloom , buywell is a realist and calls it like it is


Putting ideas down in a post helps to clarify some things , others should try it instead of posting drivel.

Herd Immunity will be KEY in this Pandemic just like it was in the Spanish Flu Pandemic.

Many richer people in the USA ,UK and EU will be looking at escaping to Covid free countries or islands but there is a catch.




What some posters here do not realize about those countries that locked down very early and stayed locked down longer , some like Australia and NZ still are.


With very low case numbers (or deaths)


Virtually no 'herd immunity' has been gained by these populations


In the absence of a vaccine that works being given to such populations , airplane travel or cruise ship arrivals allowing International travelers to land is akin to inviting a HIV positive person to court your young daughter or someone with advanced TB coming round for sunday lunch with the family.


Such countries have DELAYED the inevitable for now , at a massive cost to their economies.

They are sitting ducks for Wave 2

Wave 1 is still building and looks like hitting 10M cases by end of July , when hot summer weather in the Northern Hemisphere should ease the wave down for about 2 months before it builds again.

If the DOW Jones in the US of A goes up today
U know the game is rigged is what buywell say
And if so at a National Level no less
What a financial stinking horrible mess

dyor

[arkade] 31/5/2020 19:35

Portside you're an awful human.

[portside1] 31/5/2020 12:02

The police and army should shoot to kill in minn if they do not get off the streets . These scum are not rioting for justice they are looting shops for self interests , shoot the scum on site if seen destroying anything ,

[portside1] 31/5/2020 12:00

Yes but read it correctly. Gov backed up loans ,Rbs as only lent out 1.6 b that was from not paying the div

[maxk] 31/5/2020 08:12

RBS boss Sir Howard Davies calls for toxic coronavirus loans fund

Chairman warns of mass defaults by stricken small firms


Jill Treanor
Sunday May 31 2020, 12.01am, The Sunday Times



Royal Bank of Scotland’s chairman has called for the creation of a vehicle to clean up toxic debts left by companies unable to repay emergency loans, as fresh signs emerge about the hit to the economy from the coronavirus.

Sir Howard Davies warned that a recent survey showed there was a risk that “several billion pounds of public money” might not be paid back from government-backed Covid-19 loans issued since the March 23 lockdown.

The survey of 500 companies by the new Business Banking Resolution Service (BBRS) found that 56% had accessed government-backed help, such as the bounce back loan scheme (BBLS) or the coronavirus business interruption loan scheme (CBILS). Of those, 43% did not expect to repay the loans — either because they would


Paywall:

[smartie6] 31/5/2020 07:59

Well we'll see.

[maxk] 31/5/2020 07:48

Bonne chance smartie.

[smartie6] 31/5/2020 07:40

Better than sat in the corner grumbling that it's the end of the world. FFS.
You and buywell are swimming in it.

[maxk] 31/5/2020 07:29

You think everything is jake and the party can go on as usual smartie?

[smartie6] 31/5/2020 07:24

In the same camp maxk? Sounds like you're swimming in it too.

[leedskier] 31/5/2020 07:13

Given his obsessions with the US economy his focus should be shorting US stocks.

[buywell3] 30/5/2020 07:25

============ Why buywell has had a downer on Financials for years ============


The amount of monies pumped into holding up economies since the credit crunch have rung alarms.

Most banks have not got enough cash to cope with the Covid world depression which many seasoned veterans think will be akin to the last Great Depression , which lasted years and dropped markets circa 90 per cent.

Most countries won't have enough cash resources and even most major financial institutions such as the EMF for example.

We have just seen the US Treasury give the FED over $425 Billion . It did so in the knowledge that the FED would leverage this money by 10 to $ 4 Trillion to keep the USA lights on.

Talk of a stimulus does not cut it with buywell

This money is a sticking plaster.



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But ALL countries in the world will be wanting money , and the only Institution which is funded to cope is the IMF with a $ 1 Trillion pot.

But even that has only so much and then the well runs dry

A $ Trillion goes nowhere these days , so what happens then ?




Well last chance saloon will be SDR's issued by the IMF AND they are currently being discussed with the intention of using them in quantity.

They have been used before

buywell googled SDR's will they save the world ?

Having looked into them and their creation and value , buywell thinks not

Just not enough to go around in an over populated world to save everybody.

And their value like paper printed money is an illusion based upon a promise.



also read



IMO dyor

[portside1] 29/5/2020 15:11

Big orders to fill is my info

[sux_2bu] 29/5/2020 14:30

BARC will be seeing 104p too soon enough.

[action] 29/5/2020 14:24

RBS cheaper than BARC ?Whatever next.

[sux_2bu] 29/5/2020 12:32

Bounce around 110p, but it's going to 105p. After that, who knows once recession has been confirmed. 80p hopefully.

[portside1] 29/5/2020 12:17

All. I have just posted why ,The. MMS are paid by fund managers

[aljm] 29/5/2020 12:17

it will go when the MM allow it to, simple as that

[portside1] 29/5/2020 12:16

Remember. MMS are they for funds not small holders .And the companies always give info to funds first Yes it is illegal but no one will stand up and charge them

[portside1] 29/5/2020 12:14

The only thing I hate is CEO s giving out false lying statements They are not allowed in the USA , The U.K. is not regulated to help the holders The pra are full of useless dimwits the fca only look after the interests of funds , Rbs will be over 200 by Feb that's for sure but it could be in September