RedStateWatcher 13 October 2016 – BREAKING! Wikileaks exposes the Assassination of Scalia and it could bring down the Clintons and the Democratic Party!
Truth Trinkets which Bernie was handing out before he was disciplined by the DNC and settled down in Hillary’s lap, like the good little dog that he is.
But everyone in the MSM, government, and big business is aggressively shorting all of reality, anyways.And why not, when the MarketCap of Twitter just exceeded that of Deutsche Bank... a non-revenue-generating media company with almost no tangible assets, compared to what is arguably one of the five largest financial institutions in the entire world.
The lunatics are indeed running the asylum, to such an extent that there is no possible good outcome remaining. The culmination of this cycle of monetary and social insanity will make the French Revolution look like a kindergarten field trip by comparison. Count on it. ~~~
“AND Jesus being come out of the temple, went away. And his disciples came to shew him the buildings of the temple. And he answering, said to them: Do you see all these things? Amen I say to you there shall not be left here a stone upon a stone that shall not be destroyed.
And when he was sitting on mount Olivet, the disciples came to him privately, saying: Tell us when shall these things be? and what shall be the sign of thy coming, and of the consummation of the world?And Jesus answering, said to them: Take heed that no man seduce you:
For many will come in my name saying, I am Christ: and they will seduce many. And you shall hear of wars and rumours of wars. See that ye be not troubled. For these things must come to pass, but the end is not yet.For nation shall rise against nation, and kingdom against kingdom; and there shall be pestilences, and famines, and earthquakes in places: Now all these are [but] the beginnings of sorrows.
Then shall they deliver you up to be afflicted, and shall put you to death: and you shall be hated by all nations for my name’s sake. And then shall many be scandalized:and shall betray one another:and shall hate one another. And many false prophets shall rise, and shall seduce many. And because iniquity hath abounded, the charity of many shall grow cold. But he that shall persevere to the end, he shall be saved.And this gospel of the kingdom, shall be preached in the whole world, for a testimony to all nations, and then shall the consummation come.
When therefore you shall see the abomination of desolation, which was spoken of by Daniel the prophet, standing in the holy place: he that readeth let him understand. Then they that are in Judea, let them flee to the mountains: And he that is on the housetop, let him not come down to take any thing out of his house: And he that is in the field, let him not go back to take his coat. And woe to them that are with child, and that give suck in those days. But pray that your flight be not in the winter, or on the sabbath. For there shall be then great tribulation, such as hath not been from the beginning of the world until now, neither shall be. And unless those days had been shortened, no flesh should be saved: but for the sake of the elect those days shall be shortened.
…
And immediately after the tribulation of those days, the sun shall be darkened and the moon shall not give her light, and the stars shall fall from heaven, and the powers of heaven shall be moved: And then shall appear the sign of the Son of man in heaven: and then shall all tribes of the earth mourn: and they shall see the Son of man coming in the clouds of heaven with much power and majesty. And he shall send his angels with a trumpet, and a great voice: and they shall gather together his elect from the four winds, from the farthest parts of the heavens to the utmost bounds of them. –Matthew 24:1~31
And to what end?
“And he also that had received the two talents came and said: Lord, thou deliveredst two talents to me: behold I have gained other two. His lord said to him: Well done, good and faithful servant:because thou hast been faithful over a few things, I will place thee over many things: enter thou into the Joy of thy lord.
But he that had received the one talent, came and said: Lord, I know that thou art a hard man; thou reapest where thou hast not sown, and gatherest where thou hast not strewed. And being afraid I went and hid thy talent in the earth: behold here thou hast that which is thine.
And his lord answering, said to him: Wicked and slothful servant, thou knewest that I reap where I sow not, and gather where I have not strewed: Thou oughtest therefore to have committed my money to the bankers, and at my coming I should have received my own with usury. Take ye away therefore the talent from him, and give it to him that hath ten talents.
For to every one that hath shall be given, and he shall abound: but from him that hath not, that also which he seemeth to have shall be taken away. And the unprofitable servant cast ye out into the exterior darkness. There shall be weeping and gnashing of teeth.–Matthew 25:24~30
And the forecast is for increasingly cloudy skies, with a 40% chance of civil unrest this fall, as we face the front of an incoming storm which currently carries a 65% chance of spawning twisters and bank-runs throughout the winter, with a flash flood of commercial and bank failures in the international trade complex, beginning as early as January 2017.
The long range forecast is for sinking economic performance across the globe, amid record-breaking currency volatilities, increased isolationism, and the growing potential for international conflict as we go into Summer of 2017.
All aboard whose coming aboard, and everyone else please mind the yellow line.Wouldn’t want any one to get hurt. This train is now departing; next stop, is “Collapse of Nations” station, the last station on the line. This is the LAST STOP on this line.Please gather all your belongings and be prepared to exit the train, as you will not be allowed to remain aboard once we arrive.
(Zerohedge) 29 September 2016 – Deutsche Bank concerns just went to ’11’ as Bloomberg reports a number of funds that clear derivatives trades with Deutsche Bank AG have withdrawn some excess cash and positions held at the lender, a sign of counterparties’ mounting concerns about doing business with Europe’s largest investment bank.
While the vast majority of Deutsche Bank’s more than 200 derivatives-clearing clients have made no changes, some funds that use the bank’s prime brokerage service have moved part of their listed derivatives holdings to other firms this week, according to an internal bank document seen by Bloomberg News.
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Every Bank in the World, including every Central Bank, is a Couter-Party to Deutsche Bank’s massive risk overhang, so it’s very easy to see how quickly DB can bring down the entire global banking system. Because Deutsche Bank’s Derrivitive Portfolio alone is **THAT** large. And this doesn’t even take into account all the commercial and residential real-estate across Europe and North America in their portfolio, which Deutsche has never marked to market value since the 2008 sub-prime crisis. Their over-valuation on real estate alone is likely on the order of another 8 to 10 Trillion Euros of “lost value” which DB has yet to take the hit on.
Can you say, “Fire Sale, boys and girls?”
Because that’s what it will be, when Deutsche Bank starts selling assets like mad to cover their liabilities.
Deutsche’s direct derivative exposure is 42 Trillion Euros in size, which is nearly $50 Trillion Dollars which is nearly equal to the GNP of the entire world.
As such, there is no currency, no country, no corner of the world where the collapse of Deutsche Bank will not be felt…painfully.
(Zerohedge) – Banks are enormously complex beasts. They are not simple businesses. To turn around a bank is complex. To reinvent a bank – which is what Deutsche Bank, UBS, CS, and others are desperately trying to do, is one level below impossible.
Earlier this year, we had commodities firm Glencore teeter on the edge of disaster. Swift action, clear plan, and it’s back from the brink. That is not going to happen with banks. In my 30 years of markets, I can’t think of a single bank that’s got in trouble that has staged anything like a similar comeback. Once banks catch a cold, it often develops into dangerous pneumonia.
Deutsche – and the others – are anything but healthy. They need to reinvent. The news flow yesterday was positive-ish. Rumors of a SWF capital injection, rumours of a domestic rescue plan, but the reality is more likely to be further deterioration. If that develops into a full crisis any rescue will come at the cost of contingent capital deals being triggered (which will send shock-waves around banking confidence) and the strong/inevitable bail-in of senior debt holders.
The U.S. Department of Justice fine imposed on Deutsche Bank is very high and “damaging for financial stability,” Dutch Finance Minister Jeroen Dijsselbloem tells lawmakers in The Hague Thursday.
U.S. fines against European banks are “repeatedly so high that all the money European banks tap on the international markets, also from U.S. investors, is skimmed by the U.S. government. That’s a risk for the financial stability and that worries me sincerely.” If Deutsche Bank has to pay the $14b fine, it will reduce capital, then it will have to raise new capital. Deutsche Bank will have to bring things “back in order.”
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As the above chart shows, the cost of short-term Credit Default Swaps for Deutsche Bank has again gone through the roof, but that is only part of the picture. Since December 2015, the cost of longer term (5 Year) CDS for DB has been climbing well above its peers, as shown here –Continue reading →
Posted inEditorial|Comments Off on Deutsche Bank: The Chips Are Down
Every credit boom is followed by a credit bust, as un-creditworthy borrowers and highly leveraged speculators inevitably default. Homeowners with 3% down payment mortgages default when one wage earner loses their job, companies that are sliding into bankruptcy default on their bonds, and so on. This is the normal healthy credit cycle.
Bad debt is like dead wood piling up in the forest. Eventually it starts choking off new growth, and Nature’s solution is a conflagration–a raging forest fire that turns all the dead wood into ash. The fire of defaults and deleveraging is the only way to open up new areas for future growth…
Having unleashed tens of trillions of dollars in new credit since 2008, the central banks have simply increased the likelihood and scale of the coming default conflagration. Now the amount of deadwood that’s piled up is many times greater than it was in 2008.
Very few observers explore what happens after defaults start cascading through the system. Defaults mean loans and bonds won’t be paid back. The owners of the bonds and debt (mortgages, auto loans, etc.) will have to absorb massive losses.
Recall that banks rarely own the debt they originate: mortgages and auto loans are bundled and sold to investors such as pension funds, insurance companies, mutual funds, etc. So banks aren’t the only institutions at risk: every institutional owner of debt-based assets is at risk.
“While we will see short-term weakening of the $USD, but as all of the fiat currencies go into collapse, and the global economies go into recession, these events will actually drive the demand for dollars up in international circles, and this will increase the value of the dollar. Ultimately the $USD will collapse too, bit it will be the last to fall; not because the $USD is the best or safest, but because it is the reserve currency, which actually makes it the worst of the fiat currencies. But it is perceived as a safe haven, and so it will collapse last. This will occur after a massive market correction, a major debt-clearing event, which will usher in a new system that is not based on the $USD. The process is ironic, because the $USD will be perceived as a safe haven, even though it is the exact opposite – the expansion of the $USD is actually responsible for the coming economic collapse.”
The implications to the 90% of Americans who are not “wealthy” is profound, but not obvious. The middle class will be destroyed, to the extent that most families who were truly “Middle Class” in 2007 will never return to that status. They will have been rendered “Invisible” –
Memo to the D.C. Beltway/mainstream media apologists and propagandists: the 25 million Invisible Americans are no longer buying your shuck-and-jive con job.
Just as the Vietnam War was built on lies, propaganda, PR and rigged statistics (the infamous body counts–civilians killed as “collateral damage” counted as “enemy combatants”), so too is the “recovery” nothing but a pathetic tissue of PR, propaganda and lies. I have demolished the bogus 5.3% “increase” in median household income, the equally bogus “official inflation” body counts, oops I mean statistics, and the bogus unemployment rate…
I’ve been reading a lot about a “recovering” economy. It was even trumpeted on Page 1 of The New York Times and Financial Times last week. I don’t think it’s true.
The percentage of Americans who say they are in the middle or upper-middle class has fallen 10 percentage points, from a 61% average between 2000 and 2008 to 51% today.”
Now that is a self-reported number. The reality is much worse: only 20% of American households possess the income and assets that characterize the middle class in financial terms. Granted, someone making $28,000 a year can self-identify as middle class, but if we look at basic metrics of financial security, they’re not even close.
Here’s your American “middle class” right here: see that little green slice of the pie? The upper middle class is the purple slice, and the top 10% is blue (most of this wealth is held by the top 1% and top 5%.)
Jim Clifton calls those who have been pushed out of the middle class Invisible Americans.
“Ten percent of 250 million adults in the U.S. is 25 million people whose economic lives have crashed. What the media is missing is that these 25 million people are invisible in the widely reported 4.9% official U.S. unemployment rate.
Let’s say someone has a good middle-class job that pays $65,000 a year. That job goes away in a changing, disrupted world, and his new full-time job pays $14 per hour — or about $28,000 per year. That devastated American remains counted as “full-time employed” because he still has full-time work — although with drastically reduced pay and benefits. He has fallen out of the middle class and is invisible in current reporting.
More disastrous is the emotional toll on the person — the sudden loss of household income can cause a crash of self-esteem and dignity, leading to an environment of desperation that we haven’t seen since the Great Depression.
Millions of Americans, even if they themselves are gainfully employed in good jobs, are just one degree away from someone who is experiencing either unemployment, underemployment or falling wages. We know them all.”
This is where the bright shining lies come in. The worker now earning $28,000 annually is counted as employed, but there is no official metric for the household’s increasing insecurity and loss of opportunity.
~~~
If this does not sound like the groundwork for a revolution, then I can’t imagine what would convince you. But regardless, it is coming. Not just in the US, but in all of Western Society. And those with progressive, globalist agendas intend to make the best of it. Indeed, they already have been for the last 25+ years – accruing tangible assets which are not denominated in $USD, and moving people around in such a way that the previously homogeneous nation-states of Europe and North America will no longer be such, and thus will be easier to force into the mold of a centrally governed “global society”.
WE HAVE BEEN WARNED
LT ~Those who abuse liberty, sentences themselves to death!
(Investopedia) 20 September 2016 — In the aftermath of last week’s announcement of a $14 billion fine levied by the U.S. Department of Justice on Deutsche Bank in connection with the mis-selling of mortgage-backed securities (MBS) during the financial crisis, the bank’s stock price has plunged by about 14%. Deutsche Bank responded by stating, “[It] has no intent to settle these potential civil claims anywhere near the number cited. The graphic below highlights the reality that Deutsche Bank may have to pay triple the amount paid by Goldman Sachs for fraudulent practices bearing on the packaging, securitization, sale and issuance of residential MBS. Having said that, if Deutsche Bank pays the amount of $14 billion, it will still end up paying less than what Bank of America paid.
Is Deutsche Bank Prepared for the Fine?
Given the bank’s market value of about $18 billion, a fine of $14 billion is not a good sign.The bank, which is already battling multiple legal cases, has only around$6 billion in its litigation reserves. Therefore, paying a $14 billion fine would seriously impact the capital structure of the bank. It is important to note that Deutsche Bank has already been struggling in terms of profitability and even reported negative revenue in Q4 2015. According to Bloomberg, “DB has racked up more expenses for litigation and fines since the start of 2008 than any other financial firm.”
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And Deutsche will *not* get out of paying that $14Billion fine – because that “debt” is backed by the German gold held at the New York FED. Which is very likely part of the reason that the NY FED has only released ~90 tons out of the 122+ tons of German gold which they have been holding for decades, which the German government first asked to repatriate from the US 2012 . In 2013, Germany was only allowed to repatriate 5 tons of gold held in New York, supposedly due to “logistical issues”. Interestingly enough, in 2013, the Dutch alone repatriated over 122 tons of their gold from the New York facility… so were there really “logistical issues”, or did the FED tell Germany something along the lines of“sure we’ll let you have your gold back after we figure out how much were going to fine you for SEC violations.”
As I observed over 4 years ago “Deutsche Bank is not just another domino — DB is a Man-Hole cover on the table among the dominoes; when it falls, every other €uro-based entity will be brought down with it — businesses, banks, governments…everything. The €uro currency, and the Euro-society will evaporate, seemingly overnight. Looking at the bigger picture for a moment – nearly the entire European Banking sector is poised to collapse, even without the 100-megaton detonation which Deutsche Bank’s collapse will cause. And when the entire economic machine of Euro-land collapses, you can reasonably assume that the shock will cripple US Consumer confidence, at just the same time we will need confidence most — because when Europe falls, all (hungry) eyes will be on us…“
On August 1st, 2012, I said that “I believe that we have indeed seen the successful conclusion of the Middle Game between Asia and the West, and the beginning of the End Game has begun, where we see the blockading and destruction of the passed pawn (Iran/Syria?) and the placing of all pieces into active positions (war and martial law). The definitive mark of End Game prosecution, the win-or-loose moment, is the offensive use of the King (Obama?) and the…frequently sacrificial… use of the Queen (Angela Merkel?) to break the opponent’s defenses…
Europe is going down now – right in front of our eyes.
As I have elsewhere stated, the “banking crisis” and the muslim invasion are not separate issues – they are intimately related. In order to prop up Deutsche Bank, the German government will undertake severe “austerity measures” – cutbacks in the “social safety net”which millions of Germans, and their million+ new muslim “guests”, rely on to keep them fed and housed in comfort. The Muslims will revolt,inflicting mayhem and murder in the streets of every German city. This will be the TERMINAL POINT for the German banking sector – the banks will close all their retail offices, and all but cease servicing their retail customers, and blame it all on “dangerous conditions” caused by the muslims. Those in positions of power and influence will be taken care of, but all of the bank’s ‘regular customers’ will see their savings confiscated, and accesses to the remaining money in their accounts severely regulated, as it was done in Cyprus.
And fear of the muslim jihadis will prevent most Germans from taking to the streets – as they otherwise most certainly would – to protest against the bank and the German government for taking them down this road to destruction.
The muslims will do for Deutsche Bank and the German government what their own Politzei would never do – threaten and abuse the German people with such force and scope as to force them all to cower indoors while they are looted. The muslims are a free “blocking force” which the German government will use to control the German people. There is no other plausible explanation. This is Angela Merkel playing her (sacrificial) position as the ‘queen’ in this game of economic chess.
And if you think that the United States is not slated to meet the same fate, I would urge you to reconsider; although here in the US the “blocking forces” will be a muddled coalition of BlackLiesMatter, LaRaza, Islamic Jihaddis, and whoever else has an urge to murder, loot, and burn crap in the streets.
The financial Day of Reckoning has arrived.
As the Euro-currency collapses, we will see all of the ‘European Progress’ since WW-II erased, and an irresistible surge in ultra-nationalist antagonism between the former “partners” will very quickly arise. Numerous such nationalist groups and political parties have sprung up in recent years, and are gaining support rapidly, such as England’s “United Kingdom Independence Party” (UKIP), the “Party of Freedom” in the Netherlands, the “National Democratic Party” in Germany, France’s “National Front”, Greece’s “Golden Dawn”, the “True Finns” in Finland, the “Swiss Peoples’ Party”, the “Freedom Party of Austria”, and many others. Such nationalist parties are against the Euro in principle, even if the EU weren’t destroying their economies.
In America, the same level of conflict will be driven by divisions of class and race, and while the dynamic will be different here in the US than it will be in Europe, the outcome will be the same. War, destruction, and confusion that will cover the greatest bank-heist of all time.
Because that’s exactly what’s going on here – The Greatest Bank Heist of All Time. The banksters are stealing nearly half the world’s gold – presently stored in the vaults of various “Central Banks”. Look at the slow-motion fight over who will get how much of the spoils – it has been going on since 2009, and has been at a fevered pitch since 2012. Not only is each group willing to wreak havoc and destruction upon the others to increase their portion of the spoils, but they ALL AGREE that a World War is necessary, to cover the theft and destroy the evidence. Permanently.
As I have been warning for five years, Deutsche Bank is now meeting its fate.
“German government officials are dismayed by the leaking of a U.S. Justice Department demand that Deutsche Bank pay $14 billion to settle claims arising from sales of mortgage-backed securities during the financial crisis.” – Source
As I have repeatedly warned, “Deutsche is the biggest bank in Germany, and Germany is the largest and strongest economy in Europe, so the consequences of any major damage (or cumulative smaller damaging events) to DB would very likely cascade throughout the Euro-Zone, with terminal results.Also of interest is that, because DB has such a large footprint in the US real-estate markets (both residential and commercial), theterminal results would be felt here in the US without much delay…By this mechanism, any ‘restructuring’ (i.e. Default) of Deutsche Bank would likely trigger another major round of real-estate devaluation all across the US.“
“The reality is quite stark: Deutsche will, quite probably, be the trowel by which we unearth the rest of the fraud and mis-valuation in our own (American) real-estate sector… I believe it is only a matter of time before this happens, and see DB as the probable trigger.” As I stated Here.
“At the risk of sounding hackneyed, I present the observation that, “we have seen these things before”. Both WW-I and WW-II were fomented in periods of economic difficulty, and in both cases, war was preceded by economic aggression where currencies, tariffs, and preferential trade treaties were the first weapons used. If the Euro-Zone collapses into a frustrated collection of nation-states practicing individual protectionism, then we will most assuredly see war again on the continent within a decade, if not much sooner.” And, “America, and the rest of the world, are presently at great risk as a result of all this…the precipitous risk of Europe substantially limits our economic maneuverability at present, and; perhaps even worse, the Euro-drama is a powerful distraction across the worlds’ markets, artificially inflating American bonds and US-denominated Equities, resulting in a false sense of security regarding the US’s own sovereign and market risks,which are far larger than all of Europe’s’, combined.” Here.
I’m not much for saying “I told you so”, but the day of reckoning has arrived. By spring, Europe will be deeply inundated by the twin disasters of a currency collapse and a surging wave of violent jihad, the likes of which Europe has not seen in over 600 years.
And why do I bring up jihad every time I mention Deutsche Bank? Because the two are intimately linked. Deutsche Bank is as powerful in Germany as the FED is in the US – and they are fully aware that as the money pinch gets tighter and tighter, all those muslim “refugees” will riot and murder in the streets. This will be the TERMINAL POINT for the German banking sector – the banks will close all their retail offices, and all but cease servicing their retail customers, and blame it all on “dangerous conditions” caused by the muslims. Continue reading →
