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clock Created with Sketch. 13/10/21
07:36
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Originally posted by Charlie'sbucket:
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Do you mean if the world ends up like "The Book of Eli" destruction then YES obviously you could hoard G&S but what good what that do you and everything would be gone and this is NOT quite out of the question just now given the DEBT, raging mutating virus and very overpriced houses and stocks and SO MUCH DEBT! it does better the worse things get and up to predicted 90% SM crash and 50% housing crash, thats about as bad as it gets. We have clients now but imagine the Chinese implosion of 60 trillion in housing and all of HK banging on our door to help? We have both loan out and restructure so we are set and its only competitors and ability to cope with the imflux is all i am concerned about.
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The GFC almost bankrupted and destroyed Credit Corp Group as they hemorrhaged from their clients' collapses. A catastrophic event might not bode well for CI1.
(20min delay)