Global Financial Crisis Bargains – What $100b will buy you…

This market is playing with our future like a dog with a ball.

Consider that one year ago RBS paid $100bn for ABN Amro. That seemingly impossible amount would now buy:

Citibank $22.5bn

Morgan Stanley $10.5bn

Goldman Sachs $21bn

Merrill Lynch $12.3bn

Deutsche Bank $13bn

Barclays $12.7bn

And still leave $8bn change……with which you would be able to pick up GM, Ford, Chrysler and the Honda F1 Team.

I am not sure where this original data came from but I just received it from a colleague and it seems pretty accurate… and scary because I think this global financial crisis (or GFC as it is increasingly being called) is just getting started. Depressing sure but better to know and be prepared…

I am suggesting people should consider buying gold.

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