Global Banks Gird for Potential Implosion

By: Arnaud de Borchgrave, NEWSMAX:

Reputable financial houses, as they are described online, are telling their clients how to prepare for potential “global collapse” over the next two years.

France’s Societe Generale is such a house that is now “mapping a strategy of defensive investments to avoid wealth destruction,” according to the London Daily Telegraph’s chief investigative reporter, Ambrose Evans-Pritchard.

A 68-page report, headed by the bank’s asset chief, Daniel Fernon, explores forthcoming dangers but does not forecast which of three possible outcomes of the ongoing crisis it sees coming.

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