Societe Generale tells clients how to prepare for 'Global Collapse' :
"Societe Generale 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."
The article seemed so European Elite that I just had to post it. After all, Americans today are so enamored of what the Europeans and the rest of the world think of us, the article must be be worth the read. N'est-ce Pas?
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