Thread: What to Buy Before a Global Collapse - Société Générale

What to Buy Before a Global Collapse

Tuesday, November 24, 2009 12:40 PM

By: Julie Crawshaw

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, financial journalist Ambrose Evans-Pritchard reports.

“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,â€

Gold is NOT going to go "up and up and up."

No investment does this, especially not at the rate it is going. Gold is already over priced. It's going to go down. And some gold stocks are nothing more than paper. They are gold derivatives. There is not enough gold to cover them. They just want to make money off the poor suckers that buy gold at inflated prices. And gold derivatives are even worse. You are buying paper ...that is all it is. Gold is the current playpen of the demented money mongers. They will jump ship as soon as they convince everyone to buy what they are selling. And they are using fear to do it. Global collapse....buy our gold....lol.

investments to avoid "wealth destruction"

Wealth destruction is inaccurate. Wealth is never destroyed, as in the Great Depression, wealth was not lost, but merely transferred into fewer and fewer hands. This is one of the big issues with the insiders at the Fed. Reserve. The insiders will know when to sell off their market shares on Wall Street, and when the market tanks, they buy up the shares of the the less informed who are ruined by the crash. As an example, Joseph Kennedy Sr.'s wealth in 1929 before the crash was 4 million roughly. He was told to get out of the stock market the summer of '29. He did, and got heavy in gold and liquid cash. By around 1934 if I remember correctly, his wealth had grown to 100 million. That's what happens when you have advance notice of a crash from a network of insiders. For when the marlet crashes, you can pick up industries and assets for pennies on the dollar.

"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President[Wilson} signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill."
-- Charles A. Lindbergh, Sr. , 1913

"From now on, depressions will be scientifically created." -- Congressman Charles A. Lindbergh Sr. , 1913

"The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money" -- Charles A. Lindbergh Sr., 1913

"Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits".- SIR JOSIAH STAMP,(President of the Bank of England in the 1920's, the second richest man in Britain