Société Générale tells clients how to prepare for potential ‘global collapse’
http://blogs.telegraph.co.uk/finance…/edmundconway/ (not a video)
"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."…..
"High public debt looks entirely unsustainable in the long run. We have almost reached a point of no return for government debt," it said.
Inflating debt away might be seen by some governments as a lesser of evils.
If so, gold would go "up, and up, and up" as the only safe haven from fiat paper money."
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November 20, 2009