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Need to read this! Everyone needs to know what is going to happen. This will be the beginning of the collapse world wide.
“If you think Germany can bail out Deutsche Bank you’re delusional. Their total derivative exposure grossly exceeds the entire net value of everything in Germany! Not just the government’s resources, all private resources as well! In other words even if the government wanted to bail them out, even if they’d survive bailing them out politically they can’t, even if they attempted to confiscate everything of value within the nation.”It’ll be instructive to see how this turns out. I wonder if Frau Merkel will keep her head aboard her neck, but I don’t worry about it.
Cry, "Treason!"
The only reason the bank became unstable is because the DOJ was demanding a 24 billion dollar payment. Now that it was settled at 5.+ billion everything is going to be ok.
Everything is always on the verge of collapse. Vote Galt and hoard gold. Back in 1995 when trump went belly up in Atlantic city we went and stayed in the Trump Casino.
Ah the memories. I’ve still got Bankruptsy 1995 by Harry Figgie. We were richer back then than we are now. By far now we just work harder and make less.
Even if douche bank collapses they’ll just print more money and say carry on you fools. It’s only when the political power structure collapses there are real effects to life and liberty. And that is happening. The war between the parasites and producers is tearing the world apart.
The war between the parasites and producers is tearing the world apart.
Yep – straight out of the meat of the 168 year old handbook (Chapter 4) – destroy the social and political order. Except for the last few paragraphs in Chapter 3, the first three chapters of that handbook can safely be disregarded. Brulen hit the nail on the head.
Add to that the fact that Deutsche Bank is carrying a NET exposure to derivatives of $45.7 TRILLION (well over twice the size of the entire U.S. economy). That’s what THEY claim as a defense against what others claim is actually a $51.3 trillion derivatives exposure. When that unwinds, no entity will be able to cover the losses, and it will have world wide cascading effects.
For anyone not following what just happened in Italy, it’s well worth following. Their version of Brexit may not be far behind, in which case the EU/Euro may be ultra-fragile very shortly. Worth watching. Of course,
In other financial news, despite the above, the $US remains above 100, oil above $50, and gold and silver remain in the channel they’ve been in for a while now, with no really significant movement – despite potentially earth-shaking events.
And finally, read the following Casey Research article on cash-less “money.” It’s getting closer and closer, with no hint of same in the news media horizon. As usual, be aware that “Casey Research” is about as “genuine” as Florsheim shoes are today. Both Casey and Florsheim were bought out (Florsheim long ago, and Casey more recently by that ethical giant {choke!}, Porter Stansberry. So avoid clicking on any of the links in the following article – just read the main page content for what it’s worth, because it does happen to come from outside sources, not Stansberry hacks. (Typical Stansberry ploy – a little good information from a reliable source, use solely to frighten people into clicking on the Stansberry links that promise total protection and unending wealth.) Doug Casey has a less-than 50% interest in the company now, and it deeply shows. Still, this is a good article if taken simply by itself.
http://www.caseyresearch.com/articles/the-worst-thing-to-happen-to-the-us-dollar-since-1913
In a cash-less world, you will either live in an alternative economy (barter, etc.) and risk legal consequences, or live in an economy based in even less reality than the one we’re living in now, with every single transaction monitored, recorded, and entered into a database associated with your “profile.”
What I think we are seeing in Italy , France , UK , US , etc. is a battle of Nationalists vs. Globalists ( Communists ) , The people(s) of the world are getting sick of elites , sick of government overreach , sick of seeing their nations , cultures , and traditions destroyed by outsiders , and outside influences . The Nationalists have the people behind them because of this feeling that has been growing for several years , in many countries . I am strongly in favor of Nationalism , but it could also go too far in that direction , giving rise to another Hitler or Mussolini .
Tolik, You are right my friend. Nationalists are winning everywhere. Since so many countries are going the Nationalist way there is that problem of one going to fare to the right Nationalist. The left(Globalist) and the right(Nationalist) if ether one go to fare then they can become dictators. We need a Capitalist Nationalist to take over the world. I think that is what Trump is and he maybe able to control the other Nationalist.
I dont know if control is what we want , the US has tried to control EVERYTHING , after the fall of the Soviet Union , and we have made a total mess of it . Nationalists cant be controlled , but they can be bargained with , if shown the benefit to their country . I think we did indeed dodge a BIG bullet with Trump being elected . Clinton and Putin HATE each other , there would have been no compromise , both would do it to spite the other , all the way down the road to WW3 . Putin and Trump , on the other hand , at least respect each other . Contrary to the belief of a lot of people , respect does not mean like or condone . You can respect your enemy , Patton and Rommel had a very great respect for each other , even tho they were on the opposite side of the coin . Nationalists do understand , and yes , respect the fact that the other is going to try to make the best deal they can for their country . Thats why I feel we are going to see the most productive talks , and cooperation between the two countries , than we have in decades . I hope LePen makes it in France . LePen would like to see NATO dissolved . I dont know Trumps ideas on that , but at this time , NATO is obsolete . The EU has already decided to form its own European armed forces . Trump rightfully wants the Europeans to pay their fair share of the upkeep of NATO , something they have NEVER done , and seem unwilling to do . Why should they , if the US is stupid enough to foot 70% of the bill ? That is something we should have pushed hard for while the Soviet Union was on their doorstep . Funny how you can come up with the money ……..if your scared enough .
Another bad sign (actually two) for the EU and the Euro. The Euro lost 1.3% yesterday, and continued the losses today. The $US is now almost 1:1 with the Euro – a FAR cry from where it was previously.
On top of that, Bloomberg Markets reported yesterday:
“The presence of the ECB on markets will be there for a long time,” the institution’s president said in Frankfurt after the Governing Council agreed to add more than half a trillion euros to its bond-buying program and extend it until at least the end of 2017. Quantitative easing is “in a sense open-ended, it’s state-contingent,” he said.
Draghi cited weak underlying price pressures, political uncertainties and inadequate government reforms as he laid out the reasons for expanding the ECB’s asset-purchase plan to at least 2.3 trillion euros ($2.4 trillion). He and his colleagues have frequently stressed that the euro area’s economic upturn is largely reliant on continued monetary easing as governments fail to play their part.
In other words, quantitative easing through the “purchase” of other financial instruments by an institution that is literally creating “money” out of thin air and “spending” it through willing sellers, has no short term plans (if even ANY plans) to stop this absolutely absurd charade that they, along with the Fed, keep playing.
Meanwhile the economies of the western world keep growing, strengthening, blah, blah, blah ……. So we’re told …..
[More Bravo Sierra from the untouchables that think we’re all a bunch of One Delta Ten Tangos!]
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