Saturday, August 20, 2011

Banking Crash II – as forecast here last night

Another credit crunch looms

We can't afford another bank bail-out... so, should they be allowed to fail this time, get it over and done with? Quite what that will do to property prices, goodness knows, its uncharted territory, except on a small scale. One thing's sure, it ain't going to be pretty. As Roubini tweeted the other night - "When banks & deposits arent safe & govs are bankrupt time to buy canned food, spam, guns, ammo, gold bars & rush to your mountain log cabin"

Posted by stuartking @ 12:23 AM (965 views)
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One thought on “Banking Crash II – as forecast here last night

  • We never made it out of the 1st credit crunch!

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