Royal Assets
Which are the safest UK banks with little exposure to the sub-prime malarky?

I've worked too hard to have my money disappear overnight by a shock overnight bank collapse.

I always thought The Royal Bank of Scotland was safe, and still do sort of.... but now I'm wondering cause I'm sure they went shopping and bought US banks/lenders a while back.

Are there any banks with loadsa cash, strong asset sheet, few dodgy bad loans on their books ect... where it's safest for money.

HSBC worries me cause of all that World Bank stuff.... makes me think they are exposed to risks in every country and what would happen in there was a run on deposits in like HSBC accounts in Singapore or France or whatever, as I'm sure that would affect UK depositers standing too.

BTW - I'm going out now with my Mum... will have to check for answers (and thumbs up good ones) when I get back in 2 hours. Thanks.

Don't worry, you money is not going to disappear.
All banks which have been following the Central Banks' (i.e. BoE) guidelines are covered.
And a requirement has been for then to take out insurance against such a collapse.
So the man on the street will not lose any money, investing in one of the household name banks.
Numerically, that is.

In real terms, the value of your money i.e. the currency may go down, but everyone suffers equally.
As the Irish Republic used to say, "We may bnot be rich, but at least we're all equally poor".

But of course in reality, some are more equal than others.

The point you have to remember is that the money being lent to sub-prime borrowers was not real.
It was based mainly on securities and bonds coming from East Asia i.e. it was just a promise of money.
As long as no one actually spent it i.e. the guys you paid a stupid price for you new house "invested" it wisely in another stupidly priced house, everyone was happy.

But the source of all this virtual money is of course the 3 trillion or dollars that the US Fed has been printing since 1971.
So the problem now is actually with all the foreign companies and banks trying to "invest" in the USA, saying "hey look, we've got a fistful of dollars here; what can we buy ?"
The fact is, they can't buy anything real without making the american economy very unhappy, which is the source of the collapse.

Change to "Social Credit"

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A Cruise Through The Royal Carribbean

cruises are luxury hotels that move every half hour, it's a Royal Caribbean cruise ship, a mass of one hundred thousand tons, that glides on the ocean between Florida and the islands of the Caribbean on a regular basis.

Royal Caribbean International is the second largest cruise ship operator in the world with revenues in excess of $4 billion. It owns 28 ships with more than 65,000 berths on them and is growing. Here's their story.

Flash back to 1969. An idea suddenly struck Arne Wilhelmsen and Edwin Stephan (Arne was a Harvard-educated investor and Edwin a famous Floridian businessman). The idea was that there was a large community of extremely wealthy Americans in Florida, and that this community would put down top dollar for a short, relaxing luxury cruise to the nearby Caribbean.

Arne and Edwin marketed this brainwave to some of the shipping magnates in Norway who readily bought it and came up with large investments. After a short gestation period, Royal Caribbean Cruise Lines (and an entire new industry) was born.

By the next year (1970), the infant company could speak of it's first possession: The SONG OF NORWAY, a splendid cruise ship, weighing 18,500 tons and equipped for 700 passengers, custom-built in Finland. The most stunning feature of it was a cocktail lounge cantilevered around the smokestack (Edwin Stephen got the idea from the Seattle Space Needle). This lounge was built into many of the Line's later ships and became the hallmark of the Company's fleet.

* Growth, Growth and More Growth *

The founders of the Company pursued their vision of achieving market dominance through a continual program of adding ships and services. A consolidated record of this, which is very difficult to find elsewhere in the media, is presented below:

1971

Cruise ships NORDIC PRINCE and SUN VIKING arrive

1978

SONG OF NORWAY cut in half, 75-foot piece with 164 cabins introduced in between

1980

NORDIC PRINCE augmented the same way

1982

SONG OF AMERICA arrives with a larger, more luxurious lounge around the smokestack

1988

SOVEREIGN OF THE SEAS, the largest cruise ship ever built at 73,162 tons for 2,276 passengers, arrives at a cost of $150 million

1990

- NORDIC EMPRESS arrives

- The Company expands beyond the Caribbean: Mexico, Alaska, and Europe are added as destinations;

- Industry's first computerized booking system introduced

1991

- MONARCH OF THE SEAS arrives, ready for 2,354 passengers

1992

- MAJESTY OF THE SEAS delivered, equipped for 2,354 passengers

1993

- The Company goes public

1995

- LEGEND OF THE SEAS arrives, built for 1,804 passengers

1996

- GRANDEUR OF THE SEAS arrives at 74,000 tons and for 2,440 passengers

- SPLENDOUR OF THE SEAS, in the same class as GRANDEUR, delivered

1997

- Name changed to Royal Caribbean Cruises Limited (RCCL)

- RCCL buys Celebrity Cruises and its four working ships from Chandris Lines at a cost of $1.3 billion

- RHAPSODY OF THE SEAS, at 79,000 tons and for 2,435 passengers, is delivered

- ENCHANTMENT OF THE SEAS, at 74,000 tons and for 2,440 passengers, arrives

1998

- Enter VISION OF THE SEAS, 79,000 tons and to carry 2,435 passengers

- Joint ownership agreement signed with Chicago's Pritzker family (that has $15 billion in assets) and Haifa's Ofer family (that owns one of the world's largest shipping companies, Ofer Brothers Shipping Co)

1999

- VOYAGER OF THE SEAS comes in at a whopping 140,000 tons for 3,114 guests

2000

- EXPLORER OF THE SEAS arrives; in the VOYAGER class, it has marine laboratories on board as well

2001

- ADVENTURE OF THE SEAS arrives: 3,114 passengers accommodated per cruise

- RADIANCE OF THE SEAS delivered: 2,100 passenger capacity at 90,000 tons, with gas turbines, it is the first in it's class

- The company buys 20% of UK tour operator First Choice and launches a joint venture cruise line. It offers land-based tours in Alaska through Royal Celebrity Tours.

2002

- BRILLIANCE OF THE SEAS, a vessel in the RADIANCE class, arrives and is ready for duty

2003

- SERENADE OF THE SEAS, the third RADIANCE class vessel, is delivered

2004

JEWEL OF THE SEAS, RADIANCE class, makes its debut

... and of course, more ships, even larger that the earlier ones, are on order!

* Conclusion *

With revenues in excess of $4 billion, RCCL is a juggernaut which will not slow down.

Its ships are floating cities, boast amenities such as rock climbing walls, miniature golf courses, swimming pools, ice skating rinks, sun decks, basketball courts, beauty salons, exercise and spa facilities, gaming facilities, lounges, bars, cabaret performances, cinemas, shopping arcades, multiple restaurants and casinos.

Most importantly, when on a cruise, one experiences some priceless bonuses: unpolluted air and a virtually noise-free environment. These are truly, in the modern context, balm for the soul.

If you can afford the entirely reasonable average fare of $400 per person for a 3-night cruise in a luxury stateroom don't think twice about it, sign up for a cruise and gain the experience of a lifetime!

If you want to be rich and famous, you have to focus on its strengths. Do not dwell on their weaknesses. Select your most valuable asset and building a huge advantage.

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