Home > Fiscal Armageddon > SocGen kills itself

SocGen kills itself

by discussing worst case scenarios.  Apparently the report on potential Armageddon-type scenarios in world financial markets has hedge funds and other bankers worried.

I was worried 10 years ago.  Now, I just don’t care, it’s so bad.

By the way, the worst case scenario is the most likely scenario.  Getting out of this debt-hole is virtually impossible with an ageing population in the West and govt debt levels everywhere soaring, sucking up much needed investment capital (thanks Keynes, you jerk).  Combined with a shrinking food supply, population growth in the Third World and peak oil, we’re in for a wild ride in the next 10 years.

Not many are going to make it out alive, or solvent.  Especially Western banks.

Categories: Fiscal Armageddon
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