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Status:
"“If a thing loves, it is infinite.”"
(set 4 days ago)
Location: Great Britain
27,185 posts, read 13,469,799 times
Reputation: 19508
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I think at the present moment the biggest issue is not Brexit it's German Banking Giant Deutsche Bank, a Bank with the potential to bring down the entire EU and cause a massive global recession.
Not only is Deutsche Bank the biggest lender in the Eurozone and Central to the German and EU Economies it's also has global derivatives risk in the range of $75 trillion which is 20 times greater than the entire German gross domestic product (GDP).
We have all heard the words to big to fail before but in terms of DB, it's shares have plunged and was one of only two of 33 big banks to fail tests of financial strength set by the US central bank earlier this year.
Last week, the IMF said that, of the banks big enough to bring the financial system crashing down, Deutsche Bank was the riskiest. Not only that, Deutsche Bank's US unit was one of only two of 33 big banks to fail tests of financial strength set by the US central bank earlier this year.
Deutsche's shares are down some 51% since the beginning of the year - with speculation mounting in recent days about a possible government bailout despite repeated denials from the German government and the bank itself.
Yet the problems engulfing Deutsche have the potential to blow up into the eurozone's biggest calamity since the sovereign debt crisis in the single currency zone in 2012.
For Deutsche is not just the biggest lender in the eurozone's largest and most important economy. It was singled out by the International Monetary Fund only three months ago as "the most important net contributor to systemic risks", in other words, an institution that, were it to come a cropper, could threaten global financial stability.
That, alone, makes Deutsche Bank's woes a big deal. But they also have wider societal repercussions in Germany. For this is - or was - seen by the German public as a copper-bottomed institution, trusted by staff and customers, a pillar of corporate Germany. Its loans have for decades bankrolled the country's mighty export machine.
That its financial wellbeing and overall reputation is now under scrutiny is just as embarrassing for Deutschland AG as the recent emissions scandal that humiliated the carmaker Volkswagen.
Status:
"“If a thing loves, it is infinite.”"
(set 4 days ago)
Location: Great Britain
27,185 posts, read 13,469,799 times
Reputation: 19508
Quote:
Originally Posted by Jobster
You should be gravely concerned.
DB is the most important financial institution in the Eurozone, and what has happened so far is indeed gravely concerning, any further fall in share value and loss of faith could be even more concerning.
DB is the most important financial institution in the Eurozone, and what has happened so far is indeed gravely concerning, any further fall in share value and loss of faith could be even more concerning.
As you can see from the lack of responses to this thread, few people are paying attention. What they don't realize is that this crisis will bring down the entire banking system.
I've tried to enlighten people on the real issues in the EU, and how BREXIT was merely the shot across the bow, the first of many dominoes. Germany is in trouble.
Every time this happens in another country, it impacts the markets globally. So, yes, I'd be concerned.
Soros knew what he was doing when he pushed for migration and then in January of this year said Europe was on the brink of collapse as a result of migration.
And, as also revealed in the leaks, he's pushing hard for migration in the U.S.
Gee, I wonder why.
Again, nothing he does in the name of humanity ever leaves a country better off socially or economically.
What exactly does "bring down the entire banking system" mean?
It means that national sovereignty is threatened. It means that banks will likely be globalized or at the very least, nationalized. It will essentially centralize banking functions into one global entity, giving them absolute power over global society.
This election will prove to be the most critical in US history, not because a particular President can prevent the impending recession of a magnitude which has never been seen before, but because their reaction to our future reality will determine our fate as an independent nation.
Every time this happens in another country, it impacts the markets globally. So, yes, I'd be concerned.
Soros knew what he was doing when he pushed for migration and then in January of this year said Europe was on the brink of collapse as a result of migration.
And, as also revealed in the leaks, he's pushing hard for migration in the U.S.
Gee, I wonder why.
Again, nothing he does in the name of humanity ever leaves a country better off socially or economically.
He's a Jew who said that "it was the happiest time of my life" working under his "Godfather" (not a Jew) confiscating property from Hungarian Jews for the Nazis.
He makes his money crashing currencies, so everything he does should be viewed with this in mind.
...all of the facts are a good indicator of how vile this man is.
Not coincidentally, Trump does all of his banking with Deutsche Bank, and he has longstanding ties to them and could be seen to owe them favors.
If Deutsche Bank comes crashing down a lot of inopportune information about Trump could come out.
Needless to say they have ties to Hillary as well.
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