Zero Hedge: The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later.
Those that follow my work on a regular basis already know that this is a story that I have been following for years. Deutsche Bank is rapidly bleeding cash, they have been laying off thousands of workers, and the vultures have been circling as company executives desperately try to implement a turnaround plan. Unfortunately for Deutsche Bank, it may already be too late.
And if Deutsche Bank goes down, it will be even more catastrophic for the global financial system than the collapse of Lehman Brothers was in 2008. Germany is the glue that is holding the EU together, and so if the bank that is right at the heart of Germany’s financial system collapses, the dominoes will likely start falling very rapidly. more …
Opinion: Those that are regulars on our site know that we have posted dozens of articles and opinions about Deutsche Bank (DB). The reason is simple, DB is the biggest bank in Europe and Germany’s economy is the lynch pin for the entire EU.
Daniel chapters 2, 7 and 9 point to a complete breakdown and restructuring of the revived Roman Empire, and a king whom Daniel calls ‘Little Horn’ rising out of the chaos.
“The ten horns are ten kings
Who shall arise from this kingdom.
And another shall rise after them;
He shall be different from the first ones,
And shall subdue three kings.” Daniel 7:24
Ten years ago, Deutsche Bank (DB) was trading over $40 on the New York Stock Exchange, today it trades under $8. When you consider that massive money printing (QE) saved US banks from insolvency, you have to wonder why the same or more money printing by the EU central bank didn’t help DB.
According to Financial Times (here), DB’s exposure to derivative risk is €42,000,000,000 (Trillion).
Translation: The risk associated with a net loss of €42,000,000,000 or more in manufactured (derivative) investments would require a central bank bail out causing a chain reaction and possible ….