"Worst-Case Debt Scenario": Société Générale Tells Clients How To Prepare For Potential 'Global Collapse'

icon gravatar.comwww.telegraph.co.uk/finance/economics/6599281/Societe-Genera...
sent by OrpRam since 82 days 2 hours 38 minutes, published about 81 days 16 hours 57 minutes
Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction. -- In a report entitled "Worst-case debt scenario", the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems.
tags: greed-prd dbtsm-fscsm-fnncl fr mrkt fraud-ineqlty
1 commentscategory: Business and Economy karma: 138

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  1. #1    actually the best idea is to start up state owned banks. that way if money is to be created out of thin air the state can do it for printing costs, charge 2% for loans on real estate still make enough to pretty much eliminate the need for taxes.

    the resiidents then have extra money to spend from reduced mortgage costs, and unemployed can be employed by the state,since they have the ability to print up the money to pay them.

    and you know this would work
    written by rxgary since 81 days 10 hours 40 minutesrxgary
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