Deutsche Bank crises: Europe’s ticking time bomb


CORBETT REPORT – You have no doubt heard by now about the precarious situation that Deutsche Bank finds itself in, including the impending US government fine for selling faulty mortgage-backed securities in the run up to the financial crisis. The lamestream media is busy running stories about German bailout rumors, and bank’s uncanny ability to not quite die…yet. But in case anyone is tempted to draw comparisons with the 2008 financial crisis, rest assured that the failure of Deutsche Bank would be no “Lehman Bros. moment.” It would be incomparably worse. CONTINUE READING

  1. #1 by Johnny Paytoilet on 10/06/2016 - 7:55 am

    “Banks are more dangerous than standing armies.”

    Thomas Jefferson

  2. #2 by James Benn on 10/06/2016 - 7:01 pm

    Oh dear, “…if Deutsche Bank goes under it will create a derivatives black hole that threatens to draw in most of the largest financial institutions in the world…each one of which would then create its own black hole of derivatives debt.”

    And yet, according to Valerie Bugo, Doctor of Law in the field of international financial transactions … “The euro is, in fact, a disguised Deutsche mark, which does not allow to encourage businesses other than German ones.”

    Yikes! So, let’s get this straight … Germany controls the Euro but the Deutsche Bank is about to go ‘pop’. How is it possible that Germany – as dominant, wealthy, and industrialized as it is – is about to collapse?! Whe … whe … where did we go wrong?!

    Well, umm, you see … “All this is connected with the economy of each country individually, as well as with the international situation in general. This situation contributes to easy financial transfers. As a rule, it usually works in the interests of certain groups.“

    Ooo, it’s starting to get complicated. So, umm, who are them ‘certain groups’? Perhaps Napoléon Bonaparte has the answer… “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”

    As a remedy, Valerie suggests … “One should give countries an opportunity to live sovereignly and use economies to their advantage. Today, the situation is the opposite: it is economy that controls monetary units, weapons and policies. Therefore, politicians must regain control of currency, but there are people who do not want this to happen.”

    Again, there are those anonymous “people who do not want this to happen”. Who are they?! Can’t we just sit down, pass around the peace pipe, and discuss this as equals?

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