Sell everything! 2016 a ‘cataclysmic year,’ warns RBS

If you have any money left after seven years of the Obama administration spending spree, which has added in the range of $9 trillion to the U.S. public debt, you might want to hang on.

Tight.

Because the forecasts are not looking rosy.

CNN reported that the Royal Bank of Scotland is warning that 2016 will be a “cataclysmic year” and investors should take immediate action.

Do not wait. Do not pass go, the bank warns.

“Sell everything except high quality bonds,” Andrew Roberts, told the news agency. “We think investors should be afraid.”

He pointed to the red flags for his bank – falling oil prices, an unstable China, shrinking world trade, rising debt, weak corporate loans and deflation.

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