Scotland bank forecasts severe market crash

The Telegraph reports that “the Royal Bank of Scotland warned its clients of a global stock market crash that could be among the worst in the past 100 years,” including “a 300-point [21%] drop in the Standard and Poor’s 500 index by September.”

It seems that a lot of phony money is about to disappear. The bank specifically points to weakness in the credit industry.

Author: benfell

David Benfell holds a Ph.D. in Human Science from Saybrook University. He earned a M.A. in Speech Communication from CSU East Bay in 2009 and has studied at California Institute of Integral Studies. He is an anarchist, a vegetarian ecofeminist, a naturist, and a Taoist.

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