| Socgen has issued a warning to its clients for a | | | | public debt is 350% of the US GDP. Put it this |
| Global Economic Collapse! Seems the timing could | | | | way…it would take 3 ½ years to pay off this |
| not be better with 2012 in the movie theaters all | | | | debt. Imagine we ran our personal houses this |
| over the world. Before one scoffs off Societe | | | | way? Socgen is not just speaking about the |
| Generale’s warning one needs to take into | | | | US… just look at the UK..Japan and the EU. It is |
| context that they have been right in the past. | | | | truly sickening. Socgen came up with the |
| One such instance was in May of 2008 they | | | | unbelievable number of $45 trillion dollars world |
| predicted a stock market collapse between | | | | wide debt. So what does Societe Generale |
| 50-70%. Well that happened…(even though we | | | | suggest? Obviously buy gold.. As much gold as |
| have rebounded ...sooo farrr…). Socgen is trying | | | | you can…sell stocks….exit emerging |
| to be politically correct now and saying the | | | | markets… sell US dollars…buy government |
| “Worst Case Debt Scenario”. In all reality | | | | bonds…and buy agricultural commodities. Scary |
| how far off the mark are they. How can a | | | | stuff… If you are trend follower…and the |
| person make payments when he owes too much. | | | | warnings/ predictions of Societe Generale come |
| The same can be argued for countries that have | | | | to fruition you should not just survive…. But you |
| too much debt. Just the interest to carry the | | | | stand the chance to possibly make money from |
| debt becomes not manageable at some point. | | | | this “Economic Collapse”. |
| Look at it this way…the total US private and | | | | |