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Deutsche Bank toxic derivative losses

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Comments

  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    Glad we're getting out of the EU Banking toxic chainl letter, but I won't be investing in Bitcoin or tulip bulbs thanks, I'll stick with safer investments and sleep well
  • cells
    cells Posts: 5,246 Forumite
    AG47 wrote: »
    Yes that's why this is one of the biggest stories in the world right now, Germany is supposed to be the breadbasket of Europe. If DB goes down Germany goes down.

    And what about all the winners to the €75 trillion derivatives losses? If they can't be paid then that's another €75 trillion losses on top of DBs toxic losses.

    This will have ripple effects around the entire world eventually causing the long awaited global fin ial crash.


    If me and you make a bet for £1million that this time next year the temperature is going to be more or less than 20 centigrade. If it turns out you were right it was more than 20 and I owe you a million. There is no contagion or real bet loss if I don't pay. You can take me to court and bankrupt me and maybe get a few percent of that million. The world doesn't end chickens don't stop laying eggs and cows don't stop proving milk

    Even your own situation is no worse off than it is today.
  • Conrad wrote: »
    Glad we're getting out of the EU Banking toxic chainl letter, but I won't be investing in Bitcoin or tulip bulbs thanks, I'll stick with safer investments and sleep well


    What are safer investments these days?

    If DB goes down the entire system goes down. If banks go down property, shares everything goes down.

    The only safe things will be the metals gold and silver?
  • AG47
    AG47 Posts: 1,618 Forumite
    Electrum wrote: »
    What are safer investments these days?

    If DB goes down the entire system goes down. If banks go down property, shares everything goes down.

    The only safe things will be the metals gold and silver?

    Yes silver, but not gold. It's already surpassed it's all time high, silver has not yet even by half. So silver is a safer bet than gold. Certainly safer than over valued property or bonds stocks or shares.

    DB can never survive the derivative losses even with this €140 billion fine for criminal activities. This latest news has sealed its fate.
    Nothing has been fixed since 2008, it was just pushed into the future
  • AG47
    AG47 Posts: 1,618 Forumite
    Unbelievably, the ratings agency S&P still has DB rated as Investment Grade BBB+!!

    Here's a bank that is on it's Death Bed and yet the final trigger has still yet to be pulled. In July S&P put Deutsche Bank on Negative Watch stating a downgrade was likely "if market conditions challenge Deutsche Bank’s ability to preserve its capital and maintain its franchise while implementing its restructuring plans.”

    Clearly, the S&P downgrade is now justifiable based on their warned about analysis of why they delayed the downgrade back in July. The question now is not "if" but "when"!

    Once the downgrade is official it will start a cascade of collateral calls in their $55T derivative book that they will be unable to cover.
    Nothing has been fixed since 2008, it was just pushed into the future
  • cells
    cells Posts: 5,246 Forumite
    AG47 wrote: »
    Unbelievably, the ratings agency S&P still has DB rated as Investment Grade BBB+!!

    Here's a bank that is on it's Death Bed and yet the final trigger has still yet to be pulled. In July S&P put Deutsche Bank on Negative Watch stating a downgrade was likely "if market conditions challenge Deutsche Bank’s ability to preserve its capital and maintain its franchise while implementing its restructuring plans.”

    Clearly, the S&P downgrade is now justifiable based on their warned about analysis of why they delayed the downgrade back in July. The question now is not "if" but "when"!

    Once the downgrade is official it will start a cascade of collateral calls in their $55T derivative book that they will be unable to cover.


    your posts read like a Christmas wishlist for a crazy doom monger

    I have not looked into the D-Bank problems but I am sane enough to know that any error and mistake humans make can be fixed by humans. That paper accounting losses and tricks are not in the same league as real destruction. you sit at home and cower/hope that some accounting on a piece of paper will bring fourth judgement day. Guess what, the paper accounting judgement day happened in 2008 and the world did not end nor will it when the next one happens


    Ignore this loon and get on with your lives they dont last forever
  • cells
    cells Posts: 5,246 Forumite
    Electrum wrote: »
    What are safer investments these days?

    If DB goes down the entire system goes down. If banks go down property, shares everything goes down.

    The only safe things will be the metals gold and silver?


    Why would 'the system' go down and why would that be the end of civilization?

    We already had it in 2009 and world GDP shark a whole -0.1% oh the horror. It then grew 5.4% in 2010....
  • cells wrote: »
    Why would 'the system' go down and why would that be the end of civilization?

    We already had it in 2009 and world GDP shark a whole -0.1% oh the horror. It then grew 5.4% in 2010....

    It's amazing what printing money out of thin air can achieve innit.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    It's amazing what printing money out of thin air can achieve innit.

    we get richer or poorer due the the amount of goods and service we produce / consume

    why does a failure or part failure of DB change theses?
  • theEnd
    theEnd Posts: 851 Forumite
    AG47 wrote: »
    Yes that's why this is one of the biggest stories in the world right now, Germany is supposed to be the breadbasket of Europe. If DB goes down Germany goes down.

    And what about all the winners to the €75 trillion derivatives losses? If they can't be paid then that's another €75 trillion losses on top of DBs toxic losses.

    This will have ripple effects around the entire world eventually causing the long awaited global fin ial crash.

    Your posts are ridiculous.
    You really think DB have lost 75 trillion and are able to somehow hide it from everyone?
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