Deutsche Bank toxic derivative losses

antrobus

AG47 wrote: »

When you sell silver in the uk on eBay or something, you get the 20% back.

Or something? You have no idea do you?

The smart people buy their silver from Estonia where it's VAT free.
https://www.celticgold.eu/en/buy-silver.html

Congratulations, you've just p.... away 20% of your investment.:)

John_G_Jones

Wrong about VAT on silver, wrong about DB’s figures, will we get a short period of reflection before the next bit of conspiracy-laden idiocy or will we be straight into DB and / or the Zionist New World Order hiding the losses that idiot boy just knows are real?

AG47

John_G_Jones wrote: »

Wrong about VAT on silver, wrong about DB’s figures, will we get a short period of reflection before the next bit of conspiracy-laden idiocy or will we be straight into DB and / or the Zionist New World Order hiding the losses that idiot boy just knows are real?

I’m right about 20% vat on silver.

I used to buy from Estonia but now I don’t think it’s worth it. They charge you on all sorts of things, and you have the currency exchange fees. Delivery is very expensive and lots more risky, customs don’t like it they still want their 20%.

If you buy from Estonia it’s only a little cheaper and a lot more risk and hassle than just buying from inside the uk. You can either buy from a dealer and pay the 20% vat or buy from somebody else who bought from a dealer and pay the same amount, because you do get the 20% back when you sell.

I’m right about Deutsche Bank that they are in a real mess and they are in serious talks about merging. If you mix 2 pieces of crap together you just get one large pile of crap.

:rotfl:

AG47

Deutsche Bank has ILLEGALLY hidden $1.6B in losses for 10 years and it is just NOW being exposed!

Who is going to jail for this one?

Deutsche Bank Hides Massive Loss! (Bix Weir)
https://youtu.be/Zl6r_m9HX44

John_G_Jones

Weirdly, despite some bitter loon on the internet posting this stuff, I was organising a half a billion pound thirty year trade with Deutsche today.

I wonder which is more likely, a trader with decades in the markets, his management, his economists, and his credit officers are all wrong, or the crazy fellow on the internet is wrong.

Hmmm, it’s a teaser, that’s for sure.

phillw

John_G_Jones wrote: »

I wonder which is more likely, a trader with decades in the markets, his management, his economists, and his credit officers are all wrong, or the crazy fellow on the internet is wrong.

Hmmm, it’s a teaser, that’s for sure.

That kind of thinking is what financial crashes are made of. Is it 2008?

Ed_Zep

I was watched Margin Call again a couple of days ago. It does feel like it will all happen again very soon.

AG47

Ed_Zep wrote: »

I was watched Margin Call again a couple of days ago. It does feel like it will all happen again very soon.

Yes, very good film and very good analogy.

I remember the line, when one of the bosses asks the question “can we survive this?”

And Kevin Spacey answers “yes, but at what cost”

smipsy

but there's not much to "feel like it" as it was in the movie. i mean, unless you're in an massive investment bank and are seeing red flags everywhere, that's what the movie was about. but there's nothing in the movie in regards to how someone outside that circle could feel like

John_G_Jones

smipsy wrote: »

but there's not much to "feel like it" as it was in the movie. i mean, unless you're in an massive investment bank and are seeing red flags everywhere, that's what the movie was about. but there's nothing in the movie in regards to how someone outside that circle could feel like

I commented on the red flags at the time, and wondered what I was missing as to why things could be so out of line, but it was a fair way outside my area of expertise and I just assumed that I didn’t have all the facts.

I see very few of the same flags at the moment. Maybe that means there is no problem, or maybe it means that I am just not seeing things as they are happening in markets that I don’t trade, but it would make no sense to look around, so no signs of serious distress, and choose to stop doing my day job on the off chance that the system is about to explode.