Deutsche Bank toxic derivative losses

chucknorris

AG47 wrote: »

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…

Yes but how much money did you make from those predictions? None? So you just wasted your time then! Why did you not put some effort into turning around your dire financial situation instead of wasting your time? When I analyse something, it is because I am possibly am interested in investing, I do the research then put my money where my brain was, (or not, if it didn't look good).

Kentish_Dave

In the time you’ve been banging on about DB I’ve looked at the outcomes likely from Brexit, moved banks and taken up a new job in mainland Europe.

Why have you not done similar? Your future is in your hands, so why are you sinking in debt and obsessing over a foreign bank? Do you not have a family to support?

AG47

Kentish_Dave wrote: »

In the time you’ve been banging on about DB I’ve looked at the outcomes likely from Brexit, moved banks and taken up a new job in mainland Europe.

Why have you not done similar? Your future is in your hands, so why are you sinking in debt and obsessing over a foreign bank? Do you not have a family to support?

I have zero debt, and while I’m not that affluent I am very happy with my life.

There is nothing I want that I can’t have, I’m content. I buy at least one ounce of silver every week, sometimes two. About a hundred ounces of silver every year for my retirement.

It’s also my insurance, health care everything. And it’s oitside the banking system, it’s private and can never go to nothing.

This is the action I’m taking because of the looming GFC 2.0 global financial catastrophe 2.0.

chucknorris

AG47 wrote: »

I have zero debt, and while I’m not that affluent I am very happy with my life.

There is nothing I want that I can’t have, I’m content. I buy at least one ounce of silver every week, sometimes two. About a hundred ounces of silver every year for my retirement.

It’s also my insurance, health care everything. And it’s oitside the banking system, it’s private and can never go to nothing.

This is the action I’m taking because of the looming GFC 2.0 global financial catastrophe 2.0.

Isn't an ounce of silver virtually worthless? Circa £10 an ounce? So about £1k/year? That isn't going to fund much of a retirement. Plus of course there is no yield from it.

AG47

chucknorris wrote: »

Isn't an ounce of silver virtually worthless? Circa £10 an ounce? So about £1k/year? That isn't going to fund much of a retirement. Plus of course there is no yield from it.

Yep as low as £11 per ounce of silver

What will the purchasing power be when I retire?

chucknorris

AG47 wrote: »

Yep as low as £11 per ounce of silver

What will the purchasing power be when I retire?

As they say in economics 'all things being equal' probably in real terms about the same. Even if it out performs inflation by 500% still virtually nothing being invested in your pension. Is it even somehow going into a pension wrapped investment and earning pension tax relief?

westernpromise

Kentish_Dave wrote: »

In the time you’ve been banging on about DB I’ve looked at the outcomes likely from Brexit, moved banks and taken up a new job in mainland Europe.

Why have you not done similar? Your future is in your hands, so why are you sinking in debt and obsessing over a foreign bank? Do you not have a family to support?

Incel, I would guess. Tins of baked beans buried in the garden, no doubt.

AG47

What could go wrong with the largest derivative bank on Planet Earth?!

A slew of Bad News and Attacks on Deutsche Bank today and here's WHY!

Deutsche Bank on the BRINK and the only reason DB haven’t officially actually collapsed yet is because it would take down the entire global financial system.

All they can do is delay this disaster.

All of Wall St and the city of London know the truth, they are having emergency meetings about DB, but what can be done?

FIFTY TRILLION is too big a number for a bail in. Even all depositors bank accounts in al of Europe including the UK still doesn’t amount to FIFTY TRILLION.

The economy is too weak for a bail out of this size, and the people will not stand for more banker bailouts.

They are too big to fail and too big to bail. But they are failing and not able to be bailed out or bailed in.

AG47

chucknorris wrote: »

As they say in economics 'all things being equal' probably in real terms about the same. Even if it out performs inflation by 500% still virtually nothing being invested in your pension. Is it even somehow going into a pension wrapped investment and earning pension tax relief?

Silver is a private asset that can be sold tax free in small amounts, just like you are selling your TV or sofa bed.

Why wrap it in something that makes it not private anymore?

If I am correct and paper pensions will not be worth the paper they are written on.

Real physical Silver will have huge purchasing power.

Either way stacking hundreds of ounces of physical silver every years for decades until I retire is way safer. There is no way it can go to nothing or even any lower than today’s under production costs.

I’m buying for less than it costs silver mines to produce it.

There is enormous upside potential and zero downside risk.

All paper ponzi pension schemes and fiat currency denominated investments including real estate have huge downside risk and hardly any upside potential as we are in the everything bubble.

Yes even property will collapse when the DB derivatives bomb goes off.

mayonnaise

mayonnaise wrote: »

I think the answer is 'buy silver'.

See? Told you.