Deutsche Bank toxic derivative losses

theEnd

3 out of the 4 cashpoints at the Santander I went to this morning were kaput?

AG47

theEnd wrote: »

3 out of the 4 cashpoints at the Santander I went to this morning were kaput?

Interesting, because Santander are very interconnected with the zombie walking dead bank DB.

If you look at a chat of the toxic derivatives of the two Santander will soon follow DB death spiral

theEnd

AG47 wrote: »

Interesting, because Santander are very interconnected with the zombie walking dead bank DB.

If you look at a chat of the toxic derivatives of the two Santander will soon follow DB death spiral

Fairly sure Santander don't care about me taking a few hundred out of a cashpoint.

AG47

theEnd wrote: »

Fairly sure Santander don't care about me taking a few hundred out of a cashpoint.

Eh, you lost me?

I see the regulators are not going to reduce the $14 BILLION criminal fines for DB. All those lies about it being reduced were rubbish to buy them time. Why on earth are they doing this when they know full well they can't pay and they will have to do a bail in.

It's almost as if the USA is at financial war with Germany again?

vivatifosi

I was just watching Richard Quest on CNN. He had a panel that he was asking questions of: Lagarde, Schauble, Carney, I think another. He asked Schauble whether he would step in and bail out Deutsche Bank. The audience gasped at his audacity in asking the question. Schauble refused to answer. I couldn't find a link on the CNN website, might be too soon, but worth looking for later. Apologies for being a bit vague, but I wasn't really paying attention until that came up.

ETA, it took a while but have found it, interesting article from Reuters, only one line, but the rest is about the populist backlash and is interesting too:
http://uk.reuters.com/article/us-imf-g-idUKKCN12629J

AG47

First of all I'd like to send some prayers to those in the path of Hurricane Matthew. It's just another very good reason to be a Prepper in these times of upheaval. Stay safe.

But there is another hurricane that has reached CAT 5 in the back rooms of the Global Banking System. There were derivative books blown out of the water this morning in FX trading and the amount of chaos is in the $350 Trillion range. Who cares about the $14B Deutsche Bank fine when they may have just lost TRILLIONS??


Take Down in FX Market: BIG Sign That the Entire Game is Being Destroyed

Foreign Exchange market moves are tiny as the volume of exchange does not fluctuate quickly. The moves are measured in small fractions of 1% even in the most volatile and obscure currencies.

Earlier today the English Pound was slammed 6% instantly!!




"I Initially Doubted What I Saw On My Screen" - Wall Street Responds To The Historic "Pounding"
http://www.zerohedge.com/news/2016-10-07/%E2%80%9Ci-initially-doubted-what-i-saw-my-screen-wall-street-responds-historic-pounding

Today's biggest story was supposed to be the September payrolls; instead courtesy of a few wild algos, a fat finger, or a deliberate attack on sterling during the most illiquid time in the day, it was the 6% "pounding", as sterling tumbled dramatically in chaotic trading that included a flash, 2 minute drop in early Asian hours and sustained falls in London. By morning it had managed to recoup much of its losses however the selling pressure has continued and the currency appears unable to regain all of its losses as would have been the case if this was a mere "fat finger."

The sharp drop in illiquid Asian trading came amid worries about the U.K.'s "hard exit" from the EU, accelerated by computerized trades. The pound fell more than 6% just after 7 a.m. Hong Kong time on Friday to as low as $1.1819 from just above $1.26, before recovering above $1.24, according to Thomson Reuters data. But it took another dive in London hours and was down to just over $1.23.

"In my opinion, the source of the run is likely due to a discretionary trader trying to push the market."

END

I don't know WHO clicked the mouse to make this move happen but you can bet that there are some SERIOUS LOSERS from this move...as in TERMINAL LOSERS. Trillions of dollars and pounds are in play and Hundreds of Trillions in FX Derivatives have now been triggered.

This is an END GAME move...I think from the Good Guys.

SOMEBODY BIG has just been destroyed and my bet is our friends over at Deutsche Bank were the target!!

I think somebody looked at DB and the bets they made, and purposely moved the markets against them to make their losses in the trillions.

In the next few weeks these derivatives need to be settled so expect to hear about some HUGE collapse in October.

Yes, this is just another sign the the take down is in full swing.

pop_gun

Jim Willie of the hat trick newsletter has been talking about Deutsche bank's derivatives losses for (at least) the past 2 years.
Financial warfare between America and Europe (Germany) is well under way. The EU sanctions against Russia are being violated by member states according to Jim.
The U.S. was also behind the coup to oust Erdogan in Turkey and has removed NATO nukes from Turkish territory, said Jim in a recent interview.

You wonder how long before the IMF adopts the Special Drawing Rights (SDR) as the de facto reserve currency.

AG47

pop_gun wrote: »

Jim Willie of the hat trick newsletter has been talking about Deutsche bank's derivatives losses for (at least) the past 2 years.
Financial warfare between America and Europe (Germany) is well under way. The EU sanctions against Russia are being violated by member states according to Jim.
The U.S. was also behind the coup to oust Erdogan in Turkey and has removed NATO nukes from Turkish territory, said Jim in a recent interview.

You wonder how long before the IMF adopts the Special Drawing Rights (SDR) as the de facto reserve currency.

China are now a part of the SDR, so they could convert all their loans to the USA to SDRs, but America can still never pay it all back.

.

There are a few people now saying this last 6% fat finger 'mistake' in the sterling was an attack on DB to absolutely crash the entire global financial system.

pop_gun

AG47 wrote: »

China are now a part of the SDR, so they could convert all their loans to the USA to SDRs, but America can still never pay it all back.

.

There are a few people now saying this last 6% fat finger 'mistake' in the sterling was an attack on DB to absolutely crash the entire global financial system.

I can't link the Jim Willie interview because I'm using my phone. But if you youtube "Collapse of dollar, rise of gold - Jim Willie" you'll see it.

He talks about South Korea's largest shipping company (Hanjin) going bankrupt and the reason it can't unload it's cargo in Asian ports.
Jim said he believed those ports wouldn't accept dollars from the liquidator (debtor in possession) and instead wanted to be paid in a non dollar denominated currency.
He also believes China will issue a short term renminbi bond that'll be redeemable for gold.

Crashing the global economy helps everyone (including the U.S.). Although the problem arises when the U.S. draws up a new bretton woods agreement, it won't be in a position to exert exorbitant privilege over the other world powers.
The U.S. petrodollar status is waning and it won't back it's currency with gold. Which leaves the U.S. in the unenviable position of having to topple Assad and Iran to keep the petrodollar standard. Imagine how bad things must be when influencing Saudi Arabia, Iraq, Libya and to some extent Venezuela and Canada's oil production, isn't enough to keep you on top of the pile.

AG47

pop_gun wrote: »

I can't link the Jim Willie interview because I'm using my phone. But if you youtube "Collapse of dollar, rise of gold - Jim Willie" you'll see it.

He talks about South Korea's largest shipping company (Hanjin) going bankrupt and the reason it can't unload it's cargo in Asian ports.
Jim said he believed those ports wouldn't accept dollars from the liquidator (debtor in possession) and instead wanted to be paid in a non dollar denominated currency.
He also believes China will issue a short term renminbi bond that'll be redeemable for gold.

Crashing the global economy helps everyone (including the U.S.). Although the problem arises when the U.S. draws up a new bretton woods agreement, it won't be in a position to exert exorbitant privilege over the other world powers.
The U.S. petrodollar status is waning and it won't back it's currency with gold. Which leaves the U.S. in the unenviable position of having to topple Assad and Iran to keep the petrodollar standard. Imagine how bad things must be when influencing Saudi Arabia, Iraq, Libya and to some extent Venezuela and Canada's oil production, isn't enough to keep you on top of the pile.

What does he say about DB collapsing, will they bail in? If they do how can a global run on the banks be prevented? If they don't then what other options are there, how can they default on their derivative losses?