Run on Royal Bank of Scotland and Barclays Bank as Administration feared

Alistair nabs the swag as RBS and Barclays go bust

As the Icelandic banking system begins to close down and savers and depositors realise they will have lengthy waits for their cash, as Iceland prints enough money to cover the guarantees, the effect ripples around the world. The ripple reached Tsunami proportions as the wave gained momentum during early day trading. British banking stocks lost billions during a deluge of bad sentiment and waves of panic drained billions from the stock market as panicking investors shift their money into tangibles like platinum, gold and copper. Nigh on 30% in value was wiped of RBS as it drowned in a sea of sludge entirely of it’s own creation. Not only that but both RBS and Barclays have gone cap in hand to the government. Imagine the conversation:

“Err, Alistair…”

“I’m determined to listen in whatever way I can,” said Alistair sternly

“We’ve got no cash left mate,” the banker cringed as  Alistair flicked an imaginary fleck from his left lapel.

Pregnant pause, eyebrows bristling.

“yes, I’m still listening,” he said whilst continuing to stroke his lapel and gazed into the distance.

“We’re shagged boyo.”

“And….hmm, I see that would be a problem. You’re fired, give me the keys to your office and bugger off.”

So, RBS and Barclays is to be nationalised, but the savings are safe, even though there’s no money left and the bailiffs have taken all the computers. It’s okay he can print billions of fifty pound notes, that’ll do the job.

RBS Busted Flush

The banks will end up being nationalised and the money in them will plummet in value. Anyone with half a brain and more than a fiver in Royal Bank of Scotland or Barclays Bank should get it out now, transfer it or convert it to gold, do it now before the run on the banks gathers pace.

Now who are the government going to borrow all that money from that they need to pay the wages? I know the Russians, they’ve got £600,000,000,000.00 in reserves, about $1.5 trillion dollars, hmmm that’s a coincidence, you think we’ve been hacked then?

Tags: bankrupt, Banks, nationalisation, RBS