"The Currency of the Elite is Gold & Silver Don't sell your Gold don't sell Your Silver " Pastor Lindsey Williams

Monday, November 18, 2019

3 Banks gone Bust Within the past Month -- Bank Failures & Bank Runs Alert in America







Three banks in America have gone bust within the past month. The Banks that went bust are City National Bank of New Jersey, Resolute Bank of Ohio, and Louisa Community Bank of Kentucky. But many other banks are struggling anyway, in an era of low-interest rates and hot competition. The more margins stay low; the more likely banks are to move into unsuitable areas to boost them. Many companies are already carrying more debt than they can handle, while households are showing signs of strain, too. The latest survey carried out by the New York Federal Reserve, released last week, showed record-high consumer loan balances and worsening delinquency trends in car loans, student loans, and mortgages. Granted, the three bust banks are just small canaries in the coal mine. It is however interesting to notice that, the last time there were zero US-bank failures was 2006. In 2007 there were exactly three, just like this year . What happened the year after that? No one needs reminding.We all know what happened in 2008 , don't we !. Welcome to The Atlantis Report. Three Bank Failures Open New Chapter in The Never Ending Financial Crisis . More than 10 years have passed since the collapse of Lehman Brothers, which burned almost $10 trillion in market capitalization in global equities within a month. Back then, it was determined that banks, large and small, had gotten themselves into trouble with mortgage-backed securities, the price of which turned out to be significantly overestimated. The latest bank to go bust is the City National Bank, a seven-branch bank headquartered in Newark.As of September 30, the bank had about $120.6 million in total assets and $111.2 million in total deposits. City National Bank in Newark, the only black-owned bank in New Jersey, closed Nov. 1 after federal officials said it was losing money quickly due to unsafe or unsound practices. The Office of Comptroller of Currency acted after the bank “experienced substantial dissipation of assets and earnings due to unsafe or unsound practices," according to a press release. It also cited the bank’s failure to submit a capital restoration plan acceptable to the office. Federal officials appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver for the seven-branch bank, according to a statement. There was no notice of the impending closure. It’s the fourth bank to fail nationally this year and first to close in New Jersey since January 2017, when Harvest Community Bank in Pennsville was shuttered. 2019 bank failures begin to pick up steam as three banks failed in just one week's time this month. City National Bank has failed, Resolute Bank has failed, Louisa Community Bank and Enloe State Bank all have failed so far in 2019. There was actually zero bank failures in 2018. This is something to keep an eye on as this rush of regional bank failures gets underway. Jim Willie mentioned in a recent interview the scuttlebutt that Credit Suisse is in trouble, and what I did not know. They also have the same access to the the FED discount window that US banks do since it is somehow incorporated here even though it’s Swiss. Some such thing or other. So yeah, the FED is definitely lender of last resort for the world. That's why the Fed is bailing out these banks at the tune of a hundred and twenty billion; not million; billion a day; every day. That is a bail to these stinky bankers at a hundred and twenty billion per day. The Plunge Protection Team has actually many accounts scattered across many banks. Most likely, the REPO window is a way for the FED/Treasury to fund the Plunge Protection Team banks. In addition, many different banks are in on the Gold/Silver suppression racket. So the Plunge Protection Team is also funding the Gold/Silver Open Contracts. The REPO market is funding, via new FIAT, the FED manipulation of both the Market and Gold/Silver. If the REPO continues, and it will, the system is going to break. When that happens, the FED will go to congress for more "not QE." Gold/Silver will go berserk, based on what happened in 2008-2009 when Gold hit $1900. Funny that in America the politicians along with their bankster bum buddies can destroy the middle class when they sold out to communist China and the Globalists but the Fed is still allowed to continually bail out and subsidize the totally corrupt banking sector. No real money is going into infrastructure or other beneficial efforts. It's actually gotten so bad from an investment point of view that nobody reinvests in their companies. It all goes to the top tier executives and share buybacks. And to top it off every taxpayer has to listen to the propaganda that the economy is the greatest ever when we all know that the GDP and U3 numbers are fake. It's a very sick two headed party monster running the show in Washington through total manipulation. Don't forget one item which is the most important of all. All government numbers are now fake because of The Federal Accounting Standards Advisory Board Standard 56. They can legally give you any numbers they want for any government department for national security reasons. It's just the same as what they just did when the missing $21 trillion was found. That's on top of the current deficit and likely a lot more has been printed and used in the secret ESF or Exchange Stabilization Fund that can't be audited just like the Fed. The bloated deep state is still hanging on though. Anyone who is numerate and understands basic economics can see that we are nearing the end. As the financial economy becomes ever more detached from the real economy - polarizing wealth - there will be a backlash. The backlash will be in the form of stagflation as Governments are forced to use fiscal policy to contain widespread unrest. It is this fiscal policy that will be used like US 'pork barrel' politics to buy off voters. The result will likely be unprecedented stagflation that the central banks are unable to contain without destroying the bond market and massive corporate defaults. In the meantime, the Fed will continue to extend and pretend as there is no exit strategy short of a miracle discovery of some as yet unknown new resource that can offset the debt. We know the Fed is waiting until November. Meanwhile, Europe has already started QE. Printing up $20 billion a month. But that’s nothing compared to what is coming. The repo panic is the first step towards total chaos (in a banking system that is currently on the verge of collapse). Both Deutsche Bank (with their $50 trillion in derivatives) and Commerzbank are down 95 %. There is no chance they will survive. Only massive money printing can keep the fiat system afloat. And when it all finally ends. The debt these banksters have created will be written off. But in a world of paper. What will all this paper debt be written off against? Written off relative to fiat paper? no. All the paper debt will be written off relative to gold. more than likely, all the paper debt will be written down 95% against gold”! Anyone with half a brain can see where this is headed. The Fed had no choice but to do repos because liquidity in the system was beginning to seize up. The only time banks are making money is when they are lending it out. But the problem is, they can’t lend it out fast enough to pay off the debt that is steamrolling behind them. For all intents and purposes, the banks are in a death spiral they can’t escape. History indeed does repeat itself. When this happened before, in 1929, the panic caused the markets to crash, and banks called their notes due, grabbing every hard asset they could get their hands on. But today, the idea of cheap money has lured people into the biggest debt bubble in history. Money printing may delay the collapse, but it can’t stop it. We are in for a rude awakening. The thing with bank-runs is, they usually accelerate before there is a lockout. I'd be surprised if the banks have coverage of anything more than 1% of their total exposure. The root cause of this is derivatives, which allowed them to engage in unsafe banking practices and blow out the debt to catastrophic levels. The Glass-Steagall Act protected us until Congress finally voted it out. So we can clearly hold our elected officials responsible for this. This was all planned well in advance. QE has started in a big way. They can’t let debt default, and they cannot let rates rise. QE used to be an emergency measure. But it happens all the time now. The prior round was never fully unwound, and rates were never normalized, no matter what the talking heads say. Now they're embarking on another round of QE, so in reality, this has been continuous QE since the crisis; since the balance sheet was never entirely undone. There was just a 'lull' in the program for a few years before they went back at it again; now. It was known, and said, back at the beginning of the crisis when the Fed embarked on this, that QE would become a standard component of their 'toolbox' (which is basically nothing but printing money) and their claim to have succeeded with the prior rounds of QE has emboldened them to think that there are no consequences to these actions...however, there are two things that should be noted. #1. Inflation never comes when it's to be expected, and it also doesn't always show up in ways that the Fed likes to acknowledge. #2. Once started, it would be unusual and difficult to ever fully undo the damage from the first rounds of QE, so don't for one minute think that now that it's begun again that it will stop. QE is here to stay. There's no way they can remove the punch bowl without the threats of a market crash, etc. They started something that cannot be stopped, and people warned about this back when Bernanke started it, that it would never end, and it won't. It was a hit job then, and it'll be a hit job this time. So they can keep this up for nearly forever, China trade deal on, off. on, off.on, off. Rates , up, down. QE coming back, not coming back, coming back, not coming back. You get the idea. Every scenario is accounted for, and then the wheel is spun bets are laid down; NO MORE BETS is called, and then they go to work knowing in advance due to the computers and the magnets and other tech stuff exactly where to stop the wheel at maximum pain and maximum fleecing. They can predict what the best outcome is both for maximum mark extraction and psychology so much, so the marks start screaming for the QE that's slowly eating the flesh of the real economy. Rinse and repeat until all real value is gone, everyone is broke except an anointed few and then bail and leave the plebes to the commies with Artificial Intelligence. There's no fixing this, and not just because this can't be fixed. The economic collapse is coming, once faith in the US Dollar evaporates, then it will be like a Mexican standoff, everyone trying to exit through the same door. This is the end-game for the unelected rulers – The International Bankers have officially bankrupted the World. That was indeed their collective agenda from the get-go – to load the system with unrepayable Debt whilst ensuring that every Hard Asset is collateralized . They control the available resources of the World at any given moment. Everything required for a re-start.









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Tuesday, November 12, 2019

The Epic Collapse of Deutsche “Bank". But Other European Banks will follow.









Deutsche Bank, the bank of derivatives and the favored BANK FOR OLIGARCHS both AMERICAN and RUSSIAN ; is in severe and significant trouble. But Deutsche Bank is not the only European bank tottering. Société Générale and ING are cutting their investment banks. HSBC is laying off several hundred people across its transaction-banking units. USB and Crédit Suisse have sacrificed their investment banks in favor of wealth-management businesses. By contrast, the 5 top investment banks by European revenue are JP Morgan, Goldman Sachs, Citigroup, Bank of America Merrill Lynch, and Morgan Stanley. They are closing the gap between them and their European counterparts. Deutsche Bank also seems to have the most exposure to Chinese banks. But I’m sure that will work out well. I mean, what could go wrong, right? Welcome to The Atlantis Report. This is all Déjà vu! "the global financial system simply cannot afford for Deutsche Bank to fail, and right now, it is literally melting down right in front of our eyes." Yeah, the American taxpayer has heard it before, that it is time for bilking him again through the FED and the Administration. Funny, they hate "Derivatives" at the end, though they dive into the same Derivatives with gusto at the beginning. Either stop the Derivative games or, if you don't want to, then use the pathway already built into the rules for handling failures in derivative trading. Don't drag tax money into it and reduce its value by printing more money with QE and bailout, BECAUSE YOU DIDN'T ASK TAXPAYER FOR ANY PERMISSION when you jumped into the derivatives in the first place. If the taxpayer was an uninterested, uninvolved third party, in the beginning, he is still an uninterested, uninvolved third party in the end too. Deutsche Bank is the largest bank in Europe is sitting on about $49 trillion in gross derivatives exposure. Though netting this amount results in it being substantially reduced, on days where markets are on a tailspin, the portfolio causes outsized losses, like the 6.8 billion euro the bank took last year. It is not going to be pretty when it goes under. If things got to such a state, either Deutsche Bank would be bailed out by the German Government, (although this is not allowed by EU law, I believe), or a merger/take over by another Greman bank would be “arranged.” On the 7th of July 2019, Deutsche Bank announced it would cut 18,000 jobs and shut its global equities sales-and-trading business. Ouch! Deutsche Bank is the latest European bank to be on the blink. How did it come to this? Up to the 2008 banking crash, Deutsche Bank was a leader in bundling up homeowners’ debt into huge packages and selling them to investors. This led to the infamous “sub-prime debacle.” When things went south, Deutsche Bank continued to sell toxic products, but then bet against them via derivatives. Neat! It did not cut bloated and risky operations. Although there were write-downs and fines, the structural problems were not addressed until this year. It has been finished off by slow economic growth in Europe and negative interest rates. Equity capital now has to be raised on terms that will destroy much of the shareholders’ value—at present, shares are selling at 25% of the book value. Deutsche Bank is on the hook, just like all of the other casino players. If Deutsche Bank bought the sunshine and lollipop story in the 2011 to 2013 period about normalization and one of the 19 financial firms in that 2013 Obama meeting promised that the rigging would go their way, they are screwed. Derivatives on interest rates I assume are deadly. And most of the largest “too big to fail banks” in the United States have profound financial connections to the bank. In other words, the global financial system simply cannot afford for Deutsche Bank to fail, and right now, it is literally melting down right in front of our eyes. For years I have been warning that this day would come, and even though it has been hit by scandal after scandal, somehow Deutsche Bank was able to survive until now. But after what we have witnessed in recent days, many now believe that the end is near for Deutsche Bank. On July 7th, they really shook up investors all over the globe when they laid off 18,000 employees and announced that they would be completely exiting their global equities trading business. When they laid off 18,000 employees...' cuz that will fix their failed investments? This bank will either be bailed out, or it won't. But what is the point of cutting payroll when you are talking about Trillions in potential losses? Think about it. Do the bankers not grasp the scale of the issues at stake? Because, if they did, they would not be yanking around with their employee's puny incomes pretending layoffs mean anything in the context of such a massive liability. And even the optics of such a move make no sense. This is begging for people to cash out, sending signs of instability just as one would want to show strength and confidence (even if the crisis were out of control). The whole story makes one think either 1) that rank incompetence is at work or 2) that we are all being played. If there is a chance for one company to re-enact Lehman style panic, it is Deutsche Bank. Making it worse is that Deutsche Bank is far, far more significant than Lehman (in fact, its derivatives book alone is about 11 times the size of Germany’s output for a year). Donald Trump’s relationship with Deutsche Bank began in 1998 when he negotiated and received, a loan for $125 million for construction of the Trump skyscraper located at 40 Wall St. At this point in his rocky financial history, six separate corporate bankruptcies related to Trump had been declared, and no other financial institution would grant the brash real estate mogul any credit. Deutsche Bank took over Bankers Trust in 1998, and the only way to meet its ambitious earnings goals was to be aggressive under its new management. Still, Trump had to be grateful to his new lender. Through the years, he sought more loans from Deutsche Bank. It should be noted that Trump sued Deutsche Bank in 2008 when it called in a big loan that Trump had personally guaranteed to the tune of $40 million. Ultimately, they settled, and the relationship continued. As the New York Times pointed out in an article, “Mr. Trump’s business has made the bank money.” Not long after the nastiness of the 2008 countersuits, Trump’s business with Deutsche Bank moved from the bank’s commercial real estate lending division to its private wealth division, where executives were more willing to deal with him. Trump’s wealth manager at Deutsche Bank, Rosemary Vrablic, specializes in real estate and is close enough to Trump and his family — both Ivanka Trump and Jared Kushner are clients — that she was invited to attend the inauguration last year. In the past six years, the Deutsche Bank private wealth unit helped finance three of Trump’s properties, including a golf resort near Miami (Doral), a new hotel in Washington DC, and Trump Tower in Chicago, all of which include personal guarantees by Trump. He and his organization currently owe Deutsche Bank over $300 million. Trump’s 2017 Financial Disclosure form reflected two Deutsche Bank Asset & Wealth Management accounts. Management A/C 1 is a brokerage account that lists 71 assets (stocks), and Management A/C 2 is a bond account that contains 44 separate assets or bonds managed by Deutsche Bank for Trump. The value of these assets is difficult to ascertain since they are only listed in a range, but a conservative estimate would be a minimum of $100,000 and a maximum of $10 million. This form does not address any possible use of tax shelters, nor does it indicate the ownership and/or use of any offshore bank accounts. Income tax returns would be required to determine the above — and the president has refused to disclose any tax returns to date. The form also does not educate the reader as to whether any of the massive loans provided to Trump by Deutsche Bank have been sold or transferred to another financial institution, e.g., Vneshekonombank (VEB), as rumored in media reports in early December 2017. In my opinion Deutsche Bank fall from grace began on 6-4-1999 when it acquired Bankers Trust Company (BTCo) that promptly joined the Federal Felons list (SDNY- 250-CR-1999), Their fine was $19 million which capped Deutsche Bank’s criminal liability with their ‘Uncle’ picking up the rest of the tab that became exceedingly pricey but still less than a BTCo bailout! The ‘banksters’ at BTCo had been a booster of Enron under CEO Frank Newman and handled many ‘transactions’ for them. And let's not overlook that Enron's stock’ was one of the top 10 holdings in BTCo’s Trust Accounts! Wonder how that worked out for the Trust Accounts? Of course, we can surmise that BTCo made out Ok! BTCo and Deutsche Bank are serial felons and criminals and, as such, should not be serving in any Fiduciary Capacity whatsoever! However, some how, by means of the ‘Magic Circle’ and ‘Silver Circle’ of shysters, they work their magic! Notwithstanding, the US Labor Dept has, for years, given them “Free Passes” in the form of ‘Rubber Stamped Exemptions” so that they may continue to “manage” the Trillions of dollars in ERISA Pension Funds that they control. When does this scam stop, and when is there total accountability! Deutsche Bank is merely an ATM for the Federal Regulators! Felons/Criminals are prohibited from being Fiduciaries – The Emperor Has No Clothes! Since Deutsche Bank rigged LIBOR, they must think they can rig anything! Can you imagine ! a derivatives book of $49 trillion! Wells Fargo couldn't handle a mere 10 billion in derivatives. Deutsche Bank probably has 20% in nonperforming loans. The French bank BNP has basically pulled out of Italy. The rumor is they have 40% nonperforming loans there. We are talking about EU banks here. The Feds bailed out the American banks and gave them a free ride, which is why I get .004 percent interest on my so-called savings there. The crash is coming make no mistake about that. Our US Dollar will be worth something, maybe nothing like before but spendable. I can't say the same for the EURO, RUBLE, or YUAN. Perhaps a small mountain will be left, but the US Dollar will be on top. All they need to do is dump all their treasuries and all their stocks and all their oil holdings also, if they have any, and everything will be just fine, won't it? Or should I ask, is this the plan? Dump everything causing massive deflation to the stock and treasuries? And the oil markets? In other words, is Deutsche Bank the new tool they will use to shatter the world markets as they have never been broken before? I believe the free money creation is injected into stocks, treasuries, and oil, which caused inflation in the markets. The opposite effect is exact also, withhold the money and we will see deflation as we've never seen it before. The results? A total collapse of the world economies and massive layoffs in government; since there will only be capital losses to live on instead of capital gains. Is Deutsche Bank the newest scapegoat. What did Warren Buffet call derivatives, weapons of mass economic destruction? Hard to believe that the derivatives market has only been around 20 years and will ultimately be the vehicle that brings down the entire system. How do you unwind 49 trillion in derivatives? You don't. We can thank Larry Summers and his band of merry idiots for this one.












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Friday, November 8, 2019

Deutsche Bank is to Germany is what Wells Fargo is to the US








Deutsche Bank is to Germany is what Wells Fargo is to the US .it just does not stop at one scandal, there is another and another and another. Today, Deutsche Bank was convicted of derivatives transactions in Italy. An Italian court convicted 13 former bankers from Deutsche Bank, Nomura, and Monte dei Paschi di Siena on Friday over derivative transactions that prosecutors say helped MPS the world’s oldest bank conceal huge losses. The verdict also ordered the seizure of 64 million euros, about $70.5 million, from Deutsche Bank and 88 million euros from Nomura as part of the sentence. Monte dei Paschi reached a settlement of 10.6 million euros with the court in 2016. The case centers on two controversial derivatives deals, known as Alexandria and Santorini, that Nomura and Deutsche Bank arranged for Monte dei Paschi in 2009. Prosecutors said the deals helped Monte Dei Paschi, which was founded in 1472 and is Italy’s fourth-biggest lender, hide more than 2 billion euros of losses it racked up after the costly acquisition of a smaller rival in 2008. Monte dei Paschi’s managers were accused of colluding with Deutsche Bank and Nomura bankers to hide losses at the Italian lender by using complex derivatives trades, dubbed Santorini, and Alexandria, that led to a misrepresentation of its finances between 2008 and 2012. Deutsche bank should be allowed to collapse; they're a failed venture, it's not in the capitalist system to save failed businesses and the consequences for the common man from paying those bailouts have been catastrophic. Welcome to The Atlantis Report. Europe's biggest investment bank Deutsche Bank is technically bankrupt.And of course for everyone who knows Deutsche bank is the bank for derivatives trading. We are talking about derivatives contracts in the value range of quadrillions of dollars — not millions, not billions, not trillions of quadrillions. And derivatives contracts are at the very core outright gambling. Deutsche Bank is in big trouble. If its bankruptcy becomes true, it will be the end of the financial system as we know it. And as the big banks are highly leveraged, and they are interdependent. If one major bank fails, a lot of others are going to fall like dominoes. Deutsche Bank could not collapse without causing a domino effect and taking with it the whole financial system. it's also a harbinger of a bigger problem with European banks in general and the Italian bank in particular, which are loaded with trillions of euros in non-performing bank loans . They haven't been able to shed since the crisis of 2008 and subsequent eurozone double-dip recession of 2011. The European banks and insurers have lost dramatic amounts of ground with only one still ranking in the top 20 globally by market value .compared with six before the financial crisis. Deutsche Bank president Carl von Rohr said before yesterday at Bloomberg's Future of Finance conference in Frankfurt: while challenges abound from an erratic trade war to Brexit to unrest in Hong Kong and Chile they pale in comparison with the headwinds for banks from low and negative rates he said. Germany should at least sue the FED for its gold back, which she idiotically stored in the US. The US has, so far, refused to return the gold, has even barred the Germans from taking a look at it to make sure it's still there. It isn't. It's gone - and your guess is a good as mine as to whose bankers it might have been squirreled away. Global Investor Jim Rogers said about Deutsche Bank in a recent interview: If you look at its balance sheet, you will see it has huge, staggering debts both on balance sheet and off-balance sheet, which means their debts that they don’t reveal directly. It probably will survive if it has support, but otherwise, we all are going to have a huge problem in the next couple of years. I’ve told you before: you should be very worried. In the western world, the world is going to have a lot of problems in the next couple of years. Be worried! Then the EU would disintegrate, because Germany would no longer be able to support it, would not want to support it. A lot of other people would start bailing out; many banks in Europe have problems. And if Deutsche Bank has to fail – that is the end of it. In 1931, when one of the largest banks in Europe failed, it led to the Great Depression and, eventually, WWII. Be worried! Germany has been rightly telling everybody not to bail out their banks, but if they have to bail out their banks suddenly, then other countries will be furious, and the politicians will have a field day. the banking sector is having a rough time, according to the McKinsey report. One in three banks threatened to disappear in the coming months . Conscious of the stakes, the banks have already begun their process of rationalization, and the potion is bitter. In 10 years 2008 to 2018 already 600,000 banking jobs have been lost in eurozone alone. Deutsche Bank has announced this summer that it will cut 18,000 jobs worldwide by 2022 as part of a seven-point four billion restructuring plan. It started with the bad loan problem of the public sector banks having a spillover effect in terms of public perception on private sector banks. However, the image of private banks among investors and the public took a real hit. According to McKinsey banking institutions have no choice but to refocus their activity on certain trades just like Deutsche bank which will close down almost all of its equity-related activities . As the Fed was carrying out hundreds of billions of dollars in emergency loan operations on Wall Street for the second week in a row; the first such operations since the financial crisis . Deutsche Bank's headquarters office in Frankfurt Germany was being raided by police for the second time in less than a year . That's not the sort of thing that inspires confidence among depositors to keep their money in any bank. Deutsche Bank has been a constant headache for the US financial system because it is heavily intertwined via derivatives with the big banks on Wall Street, including JP Morgan Citigroup Goldman Sachs Morgan Stanley and Bank of America. It has become the dark cloud on the horizon in the same way Citigroup cast a negative pall in the early days of the financial crisis of 2008. It's not a good omen that Citigroup stock eventually went to 99 cents, and the bank received the largest taxpayer and Federal Reserve bailout in US history. The Fed alone secretly pumped 2.5 trillion dollars in revolving loans into Citigroup from December 2007 to the middle of 2010. The latest raids in Deutsche Bank occurred on September 24th and 25th and was related to the 220 billion dollar money laundering probe of Danske Bank; Denmark's largest lender . Deutsche Bank served as a correspondent bank to Danske Bank in Estonia branch, where the laundering is alleged to have occurred.As the raid was proceeding. Former Head of Danske Bank in Estonia Is Found Dead in Suicide . The body of Aivar Rehe, who previously ran the Estonia business of Danske Bank was discovered by police . Mr. Rehe’s death is another twist in the money-laundering scandal, which prompted a criminal investigation and forced Danske Bank, Denmark’s largest lender, to withdraw from Estonia and other Baltic countries. In Estonian Ray a has been questioned by prosecutors and was considered a key witness in the probe his death focused renewed attention on money-laundering allegations that have tainted the previously upright image of Scandinavian banking; led to official investigations in Sweden, Germany and the United States; and even threatened the economies of the Baltic countries. his death is being called an apparent suicide by European media. on the day the police raid started at Deutsche Bank. the Federal Reserve Bank of New York offered thirty billion dollars in 14-day emergency term loans, and had demand for more than twice that amount .that led the New York Fed to increase its subsequent 14-day term loans from 30 billion to 60 billion dollars. later in the week, the feds overnight repo loans were offered every day last week were also increased from 75 billion per day to 100 billion per day. Deutsche Bank has been in slow-motion collapse as a result of its serial crime charges .while international regulators have failed to address the fact that it's a counterparty to 49 trillion dollars national face value in derivatives according to its 2018 annual report, and thus presents systemic risk throughout the global financial system. Its similarities to Citigroup in 2008 are mind-numbing; given a decade of political talk about how risk has been reined in on Wall Street . The Deutsche Bank's social media team has caused a Twitter storm after moving to deny a story published by Zero Hedge that it was on the verge of collapse. likening Deutsche Bank's travails to that of Lehman Brothers before its collapse. The Zero Hedge stake presented the giant German Bank as a zombie institution on the brink of catastrophic ruination that would bring down the entire financial system. All the more remarkable then to see Deutsche Bank social media team deigning to issue a rebuttal which served only to add a sheen of legitimacy to the Zero Hedge article. Just like we witnessed with Lehman Brothers, there's always an effort to maintain the charade until the very last minute . This led to a collective outpouring from the libertarian Twitter fringe. It is strange that a bank is out commenting on an article like that. German financial services giant Deutsche Bank is one of the largest and most important economic institutions in the world; mainly due to self-imposed scandals. The bank is now having to take drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of the too-big-to-fail banking system falters. It could trigger another global economic collapse and stock market crash. More precisely, the financial system has already collapsed years ago and has since been artificially kept running. Of course, there will come the point when these artificial measures are exhausted, and the financial system will finally shut down. Unfortunately, like it or not, we're all its creditors, and so everyone's bank accounts are cleared and closed overnight. All pensions, life insurances, social security payments, and savings disappear when the markets collapse. Food doesn't get transported, life changes: see the bad thing now. In short, greed has killed the west. We are all now going to pay a hefty price. It probably won’t affect the super-rich as most have remote houses away for when civil disobedience begins on a level unseen before. This is possible as the middle class is under distress, and once the impoverished and middle class meet on the same pain; then this will be the end of the system as we know it. Don't count on bailouts this time. Bail-ins are possible, namely taking of depositors funds. The Current system unsustainable .should Deutsche Bank collapse or not? In fact, the sooner this happens, the better. Debts must be eliminated. With this mega collapse, the new structure of world power will be introduced. Until recently, the US had two unique assets - US Dollar and military. Both assets in tatters now. US dominance has gone forever. The US as we knew it till recently gone too. What the US did under Obama was to use taxpayer dollars to bail out our banks. After partying, and giving the CEOs substantial bonuses, they also gave large donations to the DNC for Hillary's future coronation, and to continue Obama's protection for both the institution as well as the bankers who are considered too big to fail. If the countries in Europe think the US is their friend, they are kidding themselves. Military expansionism by the US and weakening Europe's economy makes global hegemony so much easier. Obama gave the banks in the US a very slight slap on their wrists, and no one was held accountable. But European banks, now that is something else. The EU puppets finally realize the US doesn't consider them friends, more like employees. The World financial system is at the point of collapse regardless of Deutsche Bank. Deutsche Bank's failure will only speed it up. It won't be the leading cause of it. RIP Deutsche Bank, RIP the US, RIP old world order. Hello, new world.










The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
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