Soc Gen Warns of Collapse

Soon Be Looking Up?

Global Collapse- Why Do People Keep Repeating it?

Are we on the verge of a global collapse or are there more sinister forces at work? We know that a crisis works to make drastic changes. Are they planning Phase Two of economic collapse for more government controls across the globe?

Yes, I know, it’s old “new world order” thing. But what if there were actually people who felt the world would be better off under one government. You can count out China and Russia, probably most everyone except Europe and the jr. admin. from IL crowd. It must be painful to hate the USA that much.

If the world is going to see another economic collapse, are you prepared? Can anyone ever be prepared for a “real” economic collapse? Can I speculate– the last one, was man made and could have been merely a wrinkle. Instead it was used to steal more Freedom from us.

Société Générale tells clients how to prepare for potential ‘global collapse’

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.

By Ambrose Evans-Pritchard
Published: 6:12PM GMT 18 Nov 2009

n 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.

Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in the US), whether public or private. It must be reduced by the hard slog of “deleveraging”, for years.

Soc Gen Debt Scenario