Deutsche Bank toxic derivative losses

AG47

We are faced with a pile of s***," an activist investor said during the nine-hour event, while another shouted: "If even Pope Benedict XVI can resign, why not [Deutsche chairman] Paul Achleitner?"

It is no surprise that investors are angry (tempers were described as "boiling over" in the Frankfurt concert hall where the annual meeting was held). Once a symbol of German economic might, Deutsche’s downfall has been dramatic and its inability to recover has resulted in its...



https://www.telegraph.co.uk/business/2019/06/17/has-deutsche-bank-left-years-late-turnaround/

AG47

https://news.efinancialcareers.com/uk-en/3001394/deutsche-banks-co-head-of-ecm-said-to-join-hsbc

Rats leaving the sinking ship.....

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

I can't get his link to work, could you give another link or another way to read it?

fun4everyone

AG47 wrote: »

I can't get his link to work, could you give another link or another way to read it?

link is off this tweet

https://twitter.com/Stalingrad_Poor/status/1140636640055975947

Think the profanity filter is censoring the URL

chucknorris

AG47 wrote: »

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

Anything can be sold tax free in small amounts (i.e. within the CGT allowance). Anyway it is easy enough to manage CGT with equities and avoid (not evade) CGT.

AG47

chucknorris wrote: »

Anything can be sold tax free in small amounts (i.e. within the CGT allowance). Anyway it is easy enough to manage CGT with equities and avoid (not evade) CGT.

Silver 1oz Britannias are tax free anyway.

chucknorris

AG47 wrote: »

Silver 1oz Britannias are tax free anyway.

You are letting the tail wag the dog, invest for profit, not to avoid CGT, I seriously doubt that you have enough invested for CGT to be an issue anyway.

GreatApe

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.

So you prepare for financial Armageddon by buying silver in the hope that in the return your few ounces of silver will mean your old age will be spent in 'relative' luxury? Seems like a stupid plan tbh

When the real 'risk' you face is old age and dying. The only security you have is that of family and health. Spend your £10-20 quid of silver on a gym membership and go improve your relationships with your friends and family rather than wasting your time on this nonsense

chucknorris

GreatApe wrote: »

So you prepare for financial Armageddon by buying silver in the hope that in the return your few ounces of silver will mean your old age will be spent in 'relative' luxury? Seems like a stupid plan tbh

When the real 'risk' you face is old age and dying. The only security you have is that of family and health. Spend your £10-20 quid of silver on a gym membership and go improve your relationships with your friends and family rather than wasting your time on this nonsense

Very wise, but I sense that they are wasted words on him.

AG47

GreatApe wrote: »

So you prepare for financial Armageddon by buying silver in the hope that in the return your few ounces of silver will mean your old age will be spent in 'relative' luxury? Seems like a stupid plan tbh

When the real 'risk' you face is old age and dying. The only security you have is that of family and health. Spend your £10-20 quid of silver on a gym membership and go improve your relationships with your friends and family rather than wasting your time on this nonsense

I'd rather do 100 burpees for free every morning as soon as I wake up than waste currency on a gym membership, I'm in amazing shape and vibrant health.

I have amazing family and friends, agreed these are more important than protecting yourself against the next financial crisis.

I would save that currency on gym membership and stack a few more ounces of silver every week.

My goal is a metric ton of silver before the financial system collapses. But it could collapse before I get there.