zero collateral far more disgusting and dangerous than the horsemeat and yet the british economy collapses due to this disgusting fraud pi's sold by the city and the tax pair shrugs their collective shoulders and says gee these mud pies of austerity sure taste great with a little brown sauce and horsemeat tasting yes max so the news here has been just chock a block with this whole horsemeat story and i never seen so many people interested in this big story and yet the very same week that we have just say nay horse me in burgers who are pfizer u.k. the very same day you see this headline lloyds in r.b.s. need billions more capital bank of england says britain's bailed out banks need billions of pounds more capital to shore up their balance sheets and support the economy senior bank of england officials have warned u.k. regulators have given boyle bank of scotland and lloyds banking group until march to begin dealing with a black hole that brooks newmark

a tory member of the treasury select committee suggested could be as large just thirty billion pounds. i think it's a great contrast is that the british people are appalled that these high street stores like tesco are selling the horse to me when they they expect to be getting some other forms of me but the local banks the lloyds the r.b.s. barclays are feeding them the equivalent in their economy with toxic derivatives and remember for every pound of quantitative easing that mervyn king the bank of england engages in there's a about a pound savings in interest on various interest related products but they lose two pounds on their savings so they're there they're guaranteed they're there they're flushing the economy down the toilet here in the u.k. people and people are more concerned about horsemeat and their burgers yes well let's explore this further because we're talking about royal bank of scotland which

the taxpayer owns eighty two percent and lloyd's so they are consuming this this is something that is part of the fabric of their existence of their being and yet they don't seem horrified by the toxic ness of this the danger of this of course me is actually healthier than beef so cal me so it's not like that should warrant the extent of the media coverage that it has had lloyds outright lied to people about the nature of their business their fraud their accounting fraud their securities fraud and the malfeasance and fraud committed by the executives but people or giving them a pass but a little horseman the burger seems to be a scandal exactly so here are the british population as i said eighty two percent of royal bank of scotland the old forty one percent of lloyds bank they don't seem to care what is actually in the banks what in fact it's a black hole that's you know it's sucking in the economy now when the bank officials were asked before the treasury select committee the bank officials

refused to quantify the capital shortfall in evidence to the t.s.a. yesterday but they confirmed it was substantial my. corps a member of the bank's financial policy committee said it was a big number well andy haldane the bank's executive director for financial stability agreed it was material so as you see they don't know they they say it's substantial it's material and it's a big number right royal bank of scotland will require another massive state bailout which will require more austerity now horsemeat was popular in the u.k. after world war two sparta rationing exercise due to the economy being blasted by the war here you've got a currency war going on our royal bank of scotland has taken a position against the population of britain and as a result of our economy is being flushed down the toilet and people in britain will be lucky to get course me i predict within eighteen months outright cannibalism will break out in the east side of london and people beating each other to survive

well again you know bankers will be baxter's because there are no laws against their banks to activity i'm talking about the population of britain the population of britain would not have known for example that there was horsemeat in their beef unless the irish had done d.n.a. tests they didn't seem to care until suddenly they're told here they're being told by us that there's nothing there there's a black hole that will suck in your economy and tell you all you have is cannibalism or mud pies and i mean cannibalism and people in each other no i'm not talking about the soho definition that would be something else live democrats are involved with. so it gets worse though ok again the taxpayer is out there owning these banks they don't know what's in the warning came as regulators admitted that the government had overpaid when rescuing the banks in two thousand and eight and that the taxpayer would never make as large

a profit from the bailouts as the u.s. if at all asked whether return. for the u.k. taxpayer might match the fifteen percent returns made in the u.s. on their bank bailouts mr course said quote i don't think the u.k. taxpayer will get those returns pressed on whether the taxpayer would make a profit at all he added i don't know again they don't know they don't know the size of the black hole they don't know whether they're going to make a profit they don't know whether any bankers are making bonuses they don't know anything there are not enough them again the phrase black call does not refer again to the population so but let's talk about the drunk through goods here in britain because you know most of the d.n.a. eighty five percent goes back to druids it's not roman it's a bunch of people gathering in circles worshipping stones here in britain that's the population so many tell them that oh you're r.b.s. your major bank is just totally. this aerated your economy and their response is to

build a stone circle and wait for the sun to rise and hope and perform a druid in current incantation and hope that some god will save us from from a pagan got their pagans pagans don't know mind when royal bank of scotland financially rapes them that's the point we're making but they don't like to eat horsemeat because according to pagan religion horsemeat is an acceptable. well speaking of your answer mervyn king at the bank the bank of england's governor he said the sad truth is in two thousand and eight the idea of focusing efforts on recapitalizing the banking system was a u.k. idea we got there first but like many u.k. ideas the americans developed it faster better. and the the idea even though the u.s. banks are getting a return on the balance is is a big overstated because of course they are inflating the currency and causing massive inflation. as a result the biggest story this past week has been the germany taking their gold

back you know this gives you the idea that these so-called returns in the bank bailout are specious at best and nobody's going to make any returns on these so compared to the u.s. and u.k. in this bank bailout the u.s. forced all major banks to take state money buying this takes about half their book value and is already out of most of its position the u.k. on the other hand paid roughly twice the rate taking positions in just three of the worst affected banks r.b.s. lloyds and. so they spewed money without taking positions and without therefore possibly profiting for the u.k. taxpayer but again lloyds and r.b.s. these are the two big. you know the worst offenders of the black hole though speaking of r.v.'s of course you have the right honorable gordon brown one of the m.p.'s from scotland in the house of commons this past week going on about some constituency and he's the guy who orchestrated this amazing giveaway to terrorism in the city of london well so let's move on to the jewish people of the naked

warship and people of the pint of lager in the marmite to hear. him v collapse leaves gift cards bought for christmas worthless company's decision not to honor a gift vouchers problems claim of misselling be one of britain's biggest voucher and gift card retailers typically take sixty percent of its annual sales in the last four months of the year with the busiest trading weeks being those before christmas however any reserves are now likely to be swallowed up by preferred creditors so max. you know has gone bust they're in receivership now. however they were selling gift cards up to the very few hours before they collapsed so now the preferred creditors are ahead of the gift card holders who are these preferred creditors max well these include taxpayer backed royal bank of scotland and lloyds banking group who were.