Deutsche Bank toxic derivative losses

AG47

antrobus wrote: »

Why is this thread still going?

It has already been established that Deutsche Bank had no derivative losses, toxic or otherwise.

I'm not sure why the OP wants to remind everyone that almost everything they have posted has been utterly wrong. Nowt so queer etc.

You don’t seem understand anything.

I predicted correctly the fall of DB. I remember when I said it will go under $125 and I was right then under €120....

Then we talked about it falling under €115 some said this was the bottom it would never go under €100.........

I then predicted it would go under €50 and guess what, I was right yet again.

Then I predicted it would go all the way down to under €25 !,,,,,,

TODAY ITS UNDER. €6, not €60 but €6…

Still need to ask why this is one of the most biggest stories in the financial world right now?

A too big to fail bank is failing'!!!!!!!!!

I understand why many want to hush this up! Ignore it or try to bury their heads in the sand but this is happening right now.

They keep getting downgraded but amazingly still hold BBB when everybody knows it should be junk already.

Once they go under €5 it will be ridiculous if they are not official junk status

AG47

westernpromise wrote: »

Your fifty trillion was debunked long ago upthread. Absolutely nobody is interested in DB apart from you. Why are you obsessed with DB at all?

AG47 wrote: »

Forgive me I was wrong to say the FT and Wall St journal disagrees with you because they say 50 trillion,

It’s actually $46.994 TRILLION at that current time in that particular currency.

Yes you were right to say that 50 trillion number is nonsense

Wow I can’t believe how how wrong I was and how correct you were for calling me out on it :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

A trillion here a trillion there and pretty soon you are talking about real money :T:T

I was over 3 Trillion out by saying the Fininacial press said 50 trillion.

3 trillion Euros is a lot of money.

A trillion here a trillion there and pretty soon you are talking about real money. Or not.

westernpromise

AG47 wrote: »

I was over 3 Trillion out by saying the Fininacial press said 50 trillion.

3 trillion Euros is a lot of money.

A trillion here a trillion there and pretty soon you are talking about real money. Or not.

Not.
https://forums.moneysavingexpert.com/discussion/5484052/deutsche-bank-toxic-derivative-losses&page=34#679
All explained to you there. Why are you trolling yourself?

AG47

westernpromise wrote: »

Not.
https://forums.moneysavingexpert.com/discussion/5484052/deutsche-bank-toxic-derivative-losses&page=34#679
All explained to you there. Why are you trolling yourself?

Not real money?

50 Trillion is a huge number, are you saying it's not real money?

You are again trying to change the tune. The issue is that you disagree with financial times and Wall Street journal when they say the total derivatives problem of DB is near to 50 Trillion.

Your explanation to why you disagree with the financial press doesn't hold any water.

I for one don't disagree with the 50 Trillion number.

It's very easy for us to dismiss such huge number, when we were kids we used to joke about a hundred billion or a hundred gazillions.

This is no joke, we really are talking about 50 trillion in derivatives which Warren Buffet called weapons of mass destruction.

AG47

If you want to measure the derivative problem of DB in another currency then look at the problem in Yen.

50,000,000,000,000 Euro equals
6,100,000,000,000,000.00 Japanese Yen

The derivative bomb of the entire world is about to be set of by the collapse of DB.

When you add the geopolitical tensions in the Persian Gulf, the Yellow Vest freedom fighters gaining momentum and the Brexit catastrophe that is getting worse and worse you have the makings of GFC 2.0

AG47

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https://www.ft.com/content/d146b22c-9033-11e9-aea1-2b1d33ac3271

Deutsche Bank is preparing a deep overhaul of its trading operations including the creation of a so-called bad bank to hold tens of billions of euros of assets as chief executive Christian Sewing shifts Germany’s biggest lender away from investment banking.

The plan would see the bad bank house or sell assets valued by the German lender in its accounts at up to €50bn after adjusting for risk.

AG47

DB share price was well over €120 before GFC 1.0.

Then it halved it went under €60 and has never gone above again.

Then it halved again all the way down under €30?

Surely it wouldn’t go any lower, then it went under €20?

In recent times some where predicting under €10 which seemed catastrophic bearing in mind this is a too big to fail bank.

Then last week it went under €6 and has been downgraded yet again, soon it will be junk officially even if it’s not yet officially

fun4everyone

Deutsche Bank’s Top Executives Embroiled in German Tax Scandal

https://www.bloomberg.com/news/articles/2019-06-17/deutsche-bank-s-ties-to-!!!-ex-scandal-ran-deep-in-prime-unit

AG47

fun4everyone wrote: »

Deutsche Bank’s Top Executives Embroiled in German Tax Scandal

https://www.bloomberg.com/news/articles/2019-06-17/deutsche-bank-s-ties-to-!!!-ex-scandal-ran-deep-in-prime-unit

This is one of many, and imagine this is just what has been disclosed to the public. Just imagine what is going on behind the scenes.

The official Derivatives book is in USD $43 Trillion or a little shy of 50 TRILLION measured in Euros. This is what is disclosed to the public, there are said to be possible much higher numbers than this unofficial off the books derivatives.

These numbers are too big for Europe to bail out. Definitely too large for bail ins. Even if you took everybody’s savings accounts accross Europe including the UK it’s still not a dent in the fifty trillion.

AG47

antrobus wrote: »

I'm not sure why the OP wants to remind everyone that almost everything they have posted has been utterly wrong. Nowt so queer etc.

In the contrary those of us who have been predicting the fall of DB have been 100% correct and continue to be, the DB cheerleaders have been 100% wrong and will continue to be.

You don’t seem understand anything.

I predicted correctly the fall of DB. I remember when I said it will go under $125 and I was right then under €120....

Then we talked about it falling under €115 some said this was the bottom it would never go under €100.........

I then predicted it would go under €50 and guess what, I was right yet again.

Then I predicted it would go all the way down to under €25 !,,,,,,

TODAY ITS UNDER. €6, not €60 but €6…

Still need to ask why this is one of the most biggest stories in the financial world right now?

A too big to fail bank is failing'!!!!!!!!!

I understand why many want to hush this up! Ignore it or try to bury their heads in the sand but this is happening right now.

They keep getting downgraded but amazingly still hold BBB when everybody knows it should be junk already.

Once they go under €5 it will be ridiculous if they are not official junk status.

Some are saying they have already collapsed and it’s being hid from the public somehow. This is the only reason the global financial system has not yet collapsed