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    Comment on Dear Mr Bankier by Timtim.

    " provide a public cash confirmation statement "

    https://media.rangers.co.uk/uploads/2018/12/20181130-King-Undertaking.pdf

    It reads to me that King has until 5pm today to make a public statement re the cash confirmer and legal advisor.

    Timtim Also Commented

    Dear Mr Bankier
    @ClusterOne

    The cashless society and cryptocurrencies in general are a bankers dream which is why they should be avoided like the plague. In the past 100 years the banks have actively removed all value from our monetary system to allow them to create currency at will and without any checks or balances or restriction.

    In 1918 our coinage was 92.5% silver (sterling silver) in 1919 those coins were replaced with 50% silver coins although they looked identical in every way. In 1946 they were replaced again but this time the silver was removed completely .Silver being a rare and precious metal is what gave the coin value. Would you prefer 14 grammes of silver or 8 grammes of silver or 10 grammes of copper, zinc and tin. This was replicated on a global scale , In the NL for example the silver content was reduced from 94% to 72% and then the size of the coins were reduced  further reducing the amount of silver in your possession . In the USA it went from 90% to 0 in 1965. The $ which by then was the world reserve currency was temporarily removed from the gold standard by Nixon in 1971 when the French who no longer trusted the $ was backed by adequate gold supplies demanded gold bullion in exchange for their paper tokens . It is interesting to note that the last full audit of Ft Knox was carried out in the 1950s. That "temporary" withdrawal of the $ from gold exchange is still in force today. Forcing bankers to have gold in order to print currency kept them on a leash , today with fractional reserve banking and a host of other tricks at their disposal banks can create as much currency as they want . Replacing notes with digits on a screen removes the visual aspects of hyperinflation however our national debt shows we are on the way to that destination. Gold and silver have been money for 6000 years because man trusts them more than any banker or tally stick or cowrie shell or Zimbabwean style economics.

    This year alone bitcoin has gone from $19500 to $3200 for what is just a digit on a screen created from solving a sum nobody needs the answer to. We must be wary not to give control of our monetary system to those who can exclude us from that system with one press of a button . As Amschel Rothschild said " give me control of a nations monetary system and I care not who makes the laws"  We must educate our children in the difference between money and currency .

    gold is the currency of Kings ,silver is the currency of gentlemen ,barter the currency of peasants, debt the currency of slaves and paper the currency of fools.

    digits on a screen ? No thanks.


    Dear Mr Bankier
    Although no extradition arrangement currently exist between the UK and SA it doesn't mean they would refuse to extradite him. King though as we have seen is expert at dragging procedures out and could choose to dig his heels in . That would mean the end of his involvement in the company and a real possibility of administration.

    It becomes an almost impossible task to 2nd guess this man and his intentions , if it comes down to cost then what he would lose by walking away against what he would lose by complying is simple enough but with King nothing seems to be that simple. With an admin event comes a 15pt penalty and an exodus of the overpaid which would include Gerrard . Mr Murty and a collection of youth will not have the turnstiles clicking for long and the rot then sets in again. If King stays and doesn't fund Gerrard then Murty may be back anyway. 


    Dear Mr Bankier
    It seems Lady W is fully aware of King's glib and shameless personality and has headed him off at the pass. It seems that extradition would also be possible if King decided not to return to face the music. His final hope must be that SARS deny him the right to move the money out of the country but that seems unlikely. It really would be karma if those who have given verbal assurances not to sell did just that once the opportunity presents itself. They must realise by now that King is bad bad news to be associated with (any) company and this will be a last opportunity to realise any value for what are rapidly depreciating shares in a near bankrupt organisation. King promised last year to fund any shortfall but failed to do so hence the expensive loan from Close. The same promises have been made this year when he has all this extra demand for his finance , only a fool would trust him to deliver . King of course will use the extra funding demanded by TOP to excuse himself from his shortfall commitments leaving the other Directors to step up or seek out another loan shark arrangement. The sensible option would be to offload any player of value in January, return expensive loan players and live within their means until things stabilise. Will they ? Not a chance.


    Recent Comments by Timtim

    In Whose Interests
    Good point JJ @20.59 If he was told to sign Kent for the reported 7m then his position and judgement are being undermined, he must also question why those same funds weren't made available to him earlier for players HE actually wanted . It's now stated he is leaving for family reasons and to explore new opportunities which is a standard excuse given . I would be surprised if he hasn't had some payoff even if it's for a non disclosure agreement deal. 


    In Whose Interests
    News just in from @Chris-Jack89 that Mark Allen has left his role as Director of football at Ibrox. Is this the start of an exodus before the shtf.


    In Whose Interests
    I am currently residing in Belgium and have done for over 11 years , I was in Germany before this for 5 years and had a season ticket for FC Twente Enschede in the Eredivisie as I preferred Dutch football to German . The infrastructure in the NL and Germany is excellent and has contributed to their high levels of success over the years , Belgium in comparison despite the success of its national team has invested little at grassroots level . Sometimes nations just hit a purple patch due to a handful of decent players. I have always thought the Belgians were over rated and carried by Hazard and Courtois in particular . The quality of the Belgian league is slightly better than the SPL overall but I believe Celtic would win it if in that competition. The one similarity to Scottish football came at my local club RAEC Mons who declared bankruptcy in 2015 and whose assets were sold and returned to the lower leagues as RAQ-Mons….. if only they had a spare holding company , an incubator and some spare succulent I could still be watching the original club*

    https://en.wikipedia.org/wiki/R.A.E.C._Mons


    Tangled Up In Blue by Stephen O’Donnell (Book Review)
    I think you are probably right Ex L ,for one he shouldn't need the compensation money and 2 if he did it may be a bill too far for King to manage. He has a reputation he would want to protect and although the SMSM would ravage him on Kings' instruction their English counterparts would come to his aid. His backroom team may not be so fortunate to have that choice and may have to stick it out . I suspect Gary McAllister would step up rather than step out ,but we have seen this movie before.


    Tangled Up In Blue by Stephen O’Donnell (Book Review)
    "How are Rangers* paying for this?"  The short answer is they're not ,tis the mug punter who will have his pockets shaken but King who will step up to take the plaudits if it pays off. Going to the casino with other peoples money then declaring yourself a genius if the ball does land on 55* is as glib and shameless as it comes.Charging 99p to watch an interview with a player that's been bought with a massive increase in ticket prices takes a special kind of arrogance. I can almost guarantee Kent will be subject to mysterious overseas bids upwards of 20m by the time the January window opens. If  the teams in 4th and 5th can prevail over the teams in 11th and 12th and 3rd place Livi can win at Ibrox in the next round of games then Gerrard will find himself in 5th spot after 5 games and 6 pts adrift of Celtic (if they can beat Hamilton) . Is that stretching the imagination too far ? I don't think so . The honeymoon period is over for Gerrard and he was given far longer than the previous managers , they simply have to live up to the hype now which considering the level5 of hype won't be easy. 

    As for Mark Allens' claim of being on a sound financial footing the often misquoted words of Mandy Rice Davies " well he would say that wouldn't he" would seem an appropriate response. It does tend to contradict the claims made in court about struggling to pay Ashley anything over 1m  and the earlier claim about the impecunious Chairman, the same Chairman who had guaranteed the auditors he would fund any shortfall. 

    "We can't jail 50k people" an excuse used to allow the continuation of the sash bash at Ibrox by the blazers. Uefa have however shown exactly what does work . Maybe there is light at the end of the tunnel , no hiding places now.