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Re: mick post# 818

Friday, 11/20/2009 10:06:49 AM

Friday, November 20, 2009 10:06:49 AM

Post# of 1824


Societe Generale 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
http://www.telegraph.co.uk/finance/economics/6599281/Societe-Generale-tells-clients-how-to-prepare-for-global-collapse.html

If so, GOLD would go "UP, and UP, and UP" as the only safe haven
from fiat paper money.

Private debt is also crippling.
Even if the US savings rate stabilises at 7pc, and all of it
is used to pay down debt, it will still take nine years for
households to reduce debt/income ratios to
the safe levels of the 1980s..etc..etc..

Ex.. smile ..
Conquest Resources Ltd. - Events Calendar smile

http://www.conquestresources.net/invest_events_calendar.php

http://investorshub.advfn.com/boards/board.aspx?board_id=11788 smile
God Bless


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