Tuesday, December 3, 2019
Deutsche Bank Meltdown $250 Trillion Debt -- Be Ready For Economic Collapse & Stock Market Crash
Rumors have it that Deutsche Bank is the zombie bank causing the Fed's repo market crisis. If Deutsche Bank goes down, it all goes down. It's like a house of cards. Because it is heavily interlinked via derivatives with the big banks on Wall Street, including JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, and Bank of America. It has become a dark cloud on the horizon. In the same way, Citigroup cast a negative pall in the early days of the financial crisis of 2008. Europe's biggest investment bank, Deutsche Bank, is in deep trouble. If it becomes real, it will be the end of the financial system as we know it. Deutsche Bank could not fail without causing a domino effect and taking with it the whole system with $250 Trillion Debt. Welcome to The Atlantis Report. Deutsche Bank is the largest bank in Germany is, and in the E.U. Deutsche Bank was founded 149 years ago in March 1870 in Germany, it operates in 58 countries and had 89,958 employees in Q3 2019. Deutsche Bank bank is the 17 largest bank in the world with 1.5 Trillion in assets. Its stock has been nose-diving in recent years. It laid off 20,000 employees. It appears that it is getting close to being a zombie bank. The bank, however, has 45 trillion dollars in derivatives, and these appear to be densely interconnected to U.S. banks. European banks and financial institutions are quite fragile–given the trillions in non-performing loans, negative rates, etc. Along with individual emerging market economies' sovereign debt (and dollarized corporate debt) loads Argentina, Turkey, etc. India's shadow banks leverage and NPLs, and China's debt, Europe banks may prove the next locus of the global financial crisis on the agenda. That more general financial fragility (and thus instability) would undoubtedly raise the probability of Deutschebank repeating the role of Lehman in the next crisis. In short, you can't evaluate Deutschebank just in relation to its (and its counterparties) derivatives exposure. Contagion will not occur only within a specific subset of the banking system; it will soon spread via expectations to other sectors of the credit system (as it did in 2008), and that will quickly feedback negatively on the Deutschebank-partners derivatives exposure condition. The banking sector is having a rough time. According to the McKinsey Report, One in Three Banks Threatened to Disappear in the Coming Months. There have been a weakness signal months ago when Deutsche Bank has been reducing its working force by 18,000 since July according to a CNN report. A series of geopolitical risks from the erratic trade war between the U.S. and China; and remaining ambiguity over Brexit. Tensions in Middle East Hong Kong, and now recently, China have created an extraordinary situation that is not only very difficult to predict. But also bears the risk of volatility in the financial markets. And it's already evident that these uncertainties are beginning to impact the world economy. After a decade of global growth, there are clear signs of a slowdown in some major economies. The warning bells of a recession are ringing and include Europe. Deutsche Bank is bankrupt; our system will start to break under its own weight. Europe's biggest investment bank, Deutschebank, is in big trouble. If it becomes real, it will be the end of the financial system as we know it. Deutsche Bank could not fail without causing a domino effect and taking with it the whole system. It's also a harbinger of a bigger problem with European banks in general, 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 region's 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 is to Germany is what Wells Fargo is to the U.S. .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 real, 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 U.S. 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 enormous, 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 massive problem in the next couple of years. I've told you before: you should be anxious. In the western world, the world is going to have a lot of problems in the next couple of years. Be worried! Then the E.U. 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 specific 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 U.S. 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 U.S. 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 U.S. had two unique assets - U.S. Dollar and military. Both assets in tatters now. U.S. dominance has gone forever. The U.S. as we knew it till recently gone too. What the U.S. 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 U.S. and weakening Europe's economy makes global hegemony so much easier. Obama gave the banks in the U.S. a very slight slap on their wrists, and no one was held accountable. But European banks, now that is something else. The E.U. puppets finally realize the U.S. 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 U.S., RIP old world order. Hello, new world. Deutsche Bank keeps papering over the cracks with derivative contracts with Wall Street. Deutsche Bank essentially has an overdraft with the FED. The Germans have mortgaged their citizen's pensions to loan money to Greece to buy German diesel submarines and Mercedes cars. This money never really left Germany, just made a loop, and wound up being a subsidy for German manufacturers. Ask yourself why Greece needs 40 F-16's and a half dozen modern submarines? "The strong southern flank of NATO." The Russians are pissing themselves laughing. This was an end-run around the public forum to prop up defense contractors. Basically, Greece has tourism (make me laugh) and olive trees and a merchant fleet. It is essential that several years ago, the Dutch and German state banks collected their gold reserves and returned them. Also, around the time (2001) that the FED started printing, this was when the huge construction boom began in Spain. Big airports in the middle of nowhere, etc. This real orgy would have been a windfall for German steelmakers (Rebar). Much of this was financed through Italian banks borrowing from German banks borrowing from the FED. Deutsche Bank is nothing but a criminal money-laundering operation masquerading as a bank. This was The Atlantis Report. Please like. Share. And Subscribe. Thank You.
The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
Blog Archive
“once a standing army is established, in any country, the people lose their liberty.”
George Mason
“Military men are dumb, stupid animals to be used as pawns for foreign policy.”
Henry Kissinger
“If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”
Henry Kissinger
"We don't let them have ideas. Why would we let them have guns?" Joseph Stalin
The people who cast the votes decide nothing. The people who count the votes decide everything.
Joseph Stalin
Governments keep a lot of secrets from their people . . .
Why aren't the people in return allowed to keep secrets
from the government?
PHILIP ZIMMERMAN, DER SPIEGEL
“Some call it Communism, I call it Judaism.”
Rabbi Stephen Weiss
“Anti-Communism is Anti-Semitism.”
Jewish Voice, July - August 1941
Taxing People is Punishing Success
UNKNOWN
There's the rich, the poor, and the tax payers...also known as the middle class. Robert Kiyosaki
The Tax you pay is The Bill for Staying Stupid
Stefan Molyneux
“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus
The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros
"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.
This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.
By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."
USA Banker's Magazine, August 25 1924
Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money
UNKNOWN
Taxation is legalized Theft
UNKNOWN
"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker
Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....
Bob Dylan
"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich
There is NO political answer to a spiritual problem!
Steve Quayle
Political Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
Gilad Atzmon
The modern definition of racist is someone who is winning an argument with a liberal
Peter Brimelow
When People lose everything and have nothing left to lose , They Lose It !
GERALD CELENTE
Your Greatest Teacher is Your Last Mistake
DAVID ICKE
The one who Controls the Education System , Controls Perception UNKNOWN
"The world will not be destroyed by those who do evil, but by those who watch them without doing anything."
Albert Einstein
UNKNOWN
No man escapes when freedom fails; The best men rot in filthy jails. And those that cried 'Appease! Appease!' Are hanged by those they tried to please
UNKNOWN
Freedom is not Free
UNKNOWN
Don't Steal The Government Hates The Competition
Ron Paul
"Buy The Rumor , Sell The Fact " Peter Schiff
You can love your Country and not your Government
Jesse Ventura
" The Government Works for ME , I do not answer to them They Answer to ME "
Glenn Beck
"Tyranny will Come to Your Door in a Uniform "
Alex Jones
"The Government is not The Solution to our Problems , The Government is The Problem "
Ronald Reagan
"The price good men pay for indifference to public affairs is to be ruled by evil men." Plato
The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo
"The people should not fear the government for it is the government who should fear the people" UNKNOWN
"If You are looking for solutions to the world's problems , look in the Mirror , You Are The Solution , You have the power as a human being on this planet " UNKNOWN
"They don't control us , We empower them " UNKNOWN
"Serial Killers do on a Small Scale What Governments do on a large one..."
Serial Killer Richard Ramirez
"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."
Thomas Jefferson
Albert Einstein
Schools manufacture people who think that they're smart but they're not.
Robert Kiyosaki
Education is what you learn after you leave School
Robert Kiyosaki
" Schools were designed to create employees for the big corporations."
Robert Kiyosaki
"If a law is unjust, a man is not only right to disobey, he is obligated to do so" Thomas Jefferson
Dissent is the highest form of patriotism
Thomas Jefferson
“True education makes you feel stupid. It makes you realize you have so much more to learn.” Robert Kiyosaki
"One day your life will flash before your eyes. Make sure it's worth watching." - Gerard Way
"Aspire not to have More but to be More "
UNKNOWN
The losers in life think they have all the answers. They can’t learn because they’re too busy telling everyone what they know.
Robert T. Kiyosaki
"Failure is simply the opportunity to begin again. -This time more intelligently." Henry Ford
What You Own Owns You
UNKNOWN
If you expect the government to solve your problems, you have a problem. Robert Kiyosaki
"Those who give up their liberty for more security neither deserve liberty nor security." Benjamin Franklin
"None are more hopelessly enslaved than those who falsely believe they are free.” - Johann Wolfgang von Goethe
"Always trust someone who is seeking the truth , never trust someone who found it" Jordan Maxwell
Be The Change you want to see in The World
UNKNOWN
Failure inspires winners but defeats losers
Robert Kiyosaki
“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb
"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.
Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN
No comments:
Post a Comment