Deutsche Bank toxic derivative losses

AG47

Thrugelmir wrote: »

I doubt anyone who understands business is in the slightest surprised. Little point in blowing constant hot air until DB make their formal rebuttal. Which one assumes they've 60 or 90 days in which to do so.

The point is the the market won't react so much to the upside next time there is a news leak that the $14 billion criminal fines were reduced. Because everybody will know they are lies again. It's like the boy who cried wolf.

The fine alone will take half of the entire depositors funds which DB are trying to reduce people taking their hard earned money out of their bank accounts.

This is not even considering their €75 Trillion with a T toxic derivative losses, where are they going to get the funds to pay the winners of those bets? If they don't pay up then the winners are also losers.

padington

AG47 wrote: »

Not only are the "signs" pointing to the collapse of the Global Fiat Monetary System... the FACTS and EVENTS are pointing to it too. Things are happening with the Saudi asset dump and the Deutsche Bank forced collapse which will both, separately or in tandem, cause a global melt down of the ENTIRE system.

Here are two very good interviews from some very smart people that had never been on the "Total Collapse" Road...until now!

Armstrong: The Next Great Depression will be a Collapse of Bonds
https://youtu.be/sQwwgxnmcc8

Sinclair: The Most Dangerous Period in History...Is Today!
https://youtu.be/VCr-qCFtdCI

You can't have a collapse of the fiat money system, only a collapse of specific currencies, when that happens new ones are made.

Thrugelmir

AG47 wrote: »

The point is the the market won't react so much to the upside next time there is a news leak that the $14 billion criminal fines were reduced. Because everybody will know they are lies again. It's like the boy who cried wolf.

There wasn't a newsleak. Somebody spread a rumour. You need to learn to separate fact from fiction. DB will continue to trade whatever the market prices the shares at.

theEnd

AG47 wrote: »

This is not even considering their €75 Trillion with a T toxic derivative losses, where are they going to get the funds to pay the winners of those bets? If they don't pay up then the winners are also losers.

You really believe DB has lost 5 x the USA GDP in derivatives, but they're somehow keeping it quiet???

Talk some sense or this thread becomes nonsense.

Out,_Vile_Jelly

This sort of news story does seem to make certain personality types awfully excited.

Thrugelmir

Thought this was amusing.

Germany’s deputy chancellor !!! economics minister attacked the biggest German lender saying, ‘I don’t know whether I should laugh or be furious that a bank which turned speculation into a business model now declares itself a victim of speculators’ (as CEO John Cryan claimed in a letter to staff).

AG47

DB ATMs are still down, and they are limiting digital withdrawals.

The thing is imagine you are living in Germany and all your wages and inome go into your DB bank account, and you outgoings all go out from there, where do you move to?

So there is a bank run at DB, because they are going to have to use depositor funds to pay their criminal fines and derivative losses, but are there any other banks that are safer?

Keeping your money in the bank used to be risk free return, now we are at near zero IRs and derivative exposure and leveraged banker making bets at 10,000:1 ratio the situation is now keeping money in a bank is return free risk.

AG47

All the talk is about the coming bail in, all DB account holders will have to lose a percentage of their holdings, just like in Greece and Cyprus.

If I had my funds in DB and they are limiting withdrawals then I would go on a spending spree, as long as you have a debit card that still works for purchases. I would go and buy as much silver and gold bullion as I could get my hands on, then there is not so much units of currency left in my account t for them to steel.

AG47

Thrugelmir wrote: »

Thought this was amusing.

Yes that is amusing but it's not just DB, all the banks are at it. For some reason somebody is picking on DB at the moment, but all the big banks around the world are interconnected now, if one goes down the entire global system is threatened.

AG47

padington wrote: »

You can't have a collapse of the fiat money system, only a collapse of specific currencies, when that happens new ones are made.

Wrong. There has been a new international global monetary system every 30-40 years for the last few centuries. Before the First World War, then between the wars, then the Breton woods after WW2. That lead upto 1971, when Nixon announced a "temporary" new international monetary system"

We were openly told it would be temporary, and that was August 15th 1971. It's usually 30-40 years the global monetary system changes, we are well overdue the next one,

The entire world is so interconnected now, you can't have a currency crisis in one of the major currencies and the others survive. Once one goes down they will all collapse, it's just a matter of confidence. It's all. Con game since 1971.

When the run on the banks spreads around the world, there will be a run to gold and silver, there is no fever like gold fever.