Warning that if a “fix” is not implemented imminently the world faces financial collapse, UBS’ Larry Hataway presents numerous “end of the world” scenarios in arguing that the eurozone needs to be preserved in its current form.
The whole piece is nothing less than an exercise in scaremongering. At one point, Hataway compares the situation to “the horrors of the first half of the 20th century,” suggesting that the crisis is on a similar scale to the impact of both world wars.
Hataway emphasizes his point by urging people to stock up on guns, food and gold.
“I suppose there might be some assets worthy of consideration—precious metals, for example. But other metals would make wise investments, too. Among them tinned goods and small calibre weapons,” he writes.