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2008 credit crunch Royal Bank of Scotland panic, bank bonuses, RBS

Marxist conspiracy at Royal Bank of Scotland

  At last it can be revealed:  the conspiracy to destroy our western liberal way of life. How a tightly knit group of anarchist revolutionaries infiltrated the City of London and Edinburgh’s banking sector and have used their inside influence to bring about the downfall of the capitalist system. 

Working under deep cover, moles in the Royal Bank of Scotland have destroyed the image of  banking once and for all, by awarding themselves billions in bonuses, just as millions of voters are plunging into debt and losing their jobs.  RBS board have threatened to resign if the government tries to stop them increasing bonuses by 50%, even though the bank is 80% state owned. Only a week ago we learned that £62 billion in secret loans had been handed to RBS and HBOS a without the public being informed – the biggest bank raid in history, only it was the banks robbing the people.   

 Other agent provocateurs in the financial sector have been  spreading the word about how million pound salaries have become commonplace in the City of London – the final insult to all those hard-working taxpayers who paid for the rescue of the banks last year.  The  banks have even continued charging ludicrous overdraft fees to people who go just a few pounds or even pence into the red.  Clearly, these individuals will stop at nothing in their determination to discredit the capitalism..

    Well, how else can we explain the extraordinary events of the past year?   The world economy brought to its knees by obscure devices like Collateralised Debt Obligations and Credit Default Swaps.  These were self-destruct mechanisms fed into the international financial system by evil geniuses bent on undermining the market system.  The banks wouldn’t destory themselves, would they?  How ridiculous.

   The Marxist moles rubbed their hands with glee as their financial weapons of mass destruction erupted across the planet.  There was a global recession,  businesses closed, millions were thrown out of work.  Leon Trotsky himself could not have written a better script for the collapse of capitalism.  Governments across the world were forced to pump in trillions of dollars to the banks plunging whole nations into debt.  

     Even now,  despite record profits, banks are still not lending to small businesses, stifling economic recovery,  and are even starting to trade mortgage derivatives once again.   These people are clearly incapable of controlling their greed or their addiction to risk.  Gorged on public funds, unrestrained by regulation, untouched by democracy, untrammeled by conscience, the anarcho-bankers are hard at work stoking up the next crisis.  Bye bye Dubai. 

About @iainmacwhirter

I'm a columnist for the Herald. Author of "Road to Referendum" and "Disunited Kingdom". Was a BBC TV and radio presenter for 25 years - "Westminster Live" and "Holyrood Live" mainly. Spent time as columnist for The Observer, Guardian, New Statesman. Former Rector of Edinburgh University. Live in Edinburgh and spend a lot of time in the French Pyrenees. Will that do?


3 thoughts on “Marxist conspiracy at Royal Bank of Scotland

  1. and this is marxism?how?

    Posted by Anonymous | December 3, 2009, 3:03 am
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    Posted by Anonymous | December 3, 2009, 9:45 am
  3. Hi Iain,I could not believe my ears when I heard of these Bankers' demands. Clearly they "do not get it". My first reaction was that they should be grateful that they were not born in China or they would probably have been shot by now. My second reaction was why not? Why has nobody in the mainstream banking industry been prosecuted for fraud? Surely all those worthless AAA assets did not rate themselves? We are not talking sweetie money here. Damn it (Oh dear I just swore on-line. Does that make me a CyberNat.) these sort of people have brought Britain to its knees to the extent (announced today – coincidence?) of £40,000 per household. Is that not some sort of treason?And before anybody says that it was not these particular people who were to blame, I don't care. They were all part of the same industry and if one part of that industry had not been bailed out, the other parts would have gone under too. Try selling off profitable parts in a collapsing economy. They owe their jobs to us.If only two emotions rule the market, and we have seen where unfettered Greed leads, its time to wield the big stick to restore the balancing effects of the other.Regards,

    Posted by Rab o'Ruglen | December 4, 2009, 9:09 am

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