from: Jim Willie Says Deutsche Bank’s Upcoming Trillion Dollar Collapse Will Destroy Global Economy
“There is a very real possibility that Deutsche Bank is going down. If the most prominent bank in Germany fails, the effect on Europe will be profound, and I don’t think the United States will escape the effects. The ripples will turn into a tsunami as they travel across the Atlantic. Already, the bank’s troubles have stressed the American stock market….”
Jim discusses Deutsche Bank’s unbelievably risky portfolio, it’s exposure to the derivative markets, and what that means in to the rest of the world, not just Deutsche Bank account holders, and how a collapse of Deutsche Bank would undoubtedly cause exponentially more damage than the Lehman Brothers collapse did back in 2008… It would do so not only because the collapse of Deutsche Bank would most likely begin a cascade of Western banks falling like dominos (among which would likely be CitiGroup in New York, and Barclays in London), but also because the same expert who valued Lehman’s worth at it’s collapse has valued [Deutsche Bank’s] current value at -$1 Trillion Dollars. A collapse of that magnitude would trigger a systemic banking contagion the likes of which the Western world has never seen, which Dr. Jim Willie does a fantastic job of explaining…
This video says: Deutsche Bank Could Collapse the Entire Banking System
[youtube https://www.youtube.com/watch?v=5y_x3lbtafM&w=854&h=480]
Germany’s second largest bank – Commerzbank – also seems to be headed down the toilet. If the most solid and reputable and conservative banks in the most sensible, pragmatic, hard-working nation of savers in Europe are going bankrupt from the global Ponzi scheme that was our fraudulent banking system – what do you expect will happen with banks you should trust even less? You better get ready for global financial collapse.
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