As I signalled recently , Deutsche Bank is as good as bankrupt .
It sits with the largest derivatives exposure in the world .
About $75 trillion , which is at least twenty times the size of the German GDP .
If 0.1% of their exposure goes down the toilet -- which it will -- the Bank's capital has gone .
Moody has downgraded their credit rating and charitably they are now perched just a tad above junk status .
This time nobody can bail out a bank of this size .
Regardless , the top five US banks are together perched on a combined $200 trillion derivatives exposure .
It truly is Mickey Mouse time and the house will blow down very soon .
The US also has this core inflation problem with the figure forecast at up to 3.5% by year end .So the Fed , which has signalled a rate rise this coming month , could exacerbate matters further .
And as for Employment --- or the lack of it --- the true latter figure is estimated at around 20% and not the absurd 5% official figure .
The billionaires are pitching into gold which , following this present and forecast pull back , will soar to amazing new highs .
And don't forget that in the background China is in terrible trouble . ( where is this news in the corrupt MSM ? ) , with exposure flowing from property based derivatives as high as $300 trillion and with currency devaluation in full swing right now .
This could and probably will make the '29 depression look small stuff in comparison .
Stock up on spare underwear .
Information support is available in all financial sections of responsible Western papers and the same consolidated viewpoint was given by Zero Hedge two days ago whilst I was on a short vacation .
It sits with the largest derivatives exposure in the world .
About $75 trillion , which is at least twenty times the size of the German GDP .
If 0.1% of their exposure goes down the toilet -- which it will -- the Bank's capital has gone .
Moody has downgraded their credit rating and charitably they are now perched just a tad above junk status .
This time nobody can bail out a bank of this size .
Regardless , the top five US banks are together perched on a combined $200 trillion derivatives exposure .
It truly is Mickey Mouse time and the house will blow down very soon .
The US also has this core inflation problem with the figure forecast at up to 3.5% by year end .So the Fed , which has signalled a rate rise this coming month , could exacerbate matters further .
And as for Employment --- or the lack of it --- the true latter figure is estimated at around 20% and not the absurd 5% official figure .
The billionaires are pitching into gold which , following this present and forecast pull back , will soar to amazing new highs .
And don't forget that in the background China is in terrible trouble . ( where is this news in the corrupt MSM ? ) , with exposure flowing from property based derivatives as high as $300 trillion and with currency devaluation in full swing right now .
This could and probably will make the '29 depression look small stuff in comparison .
Stock up on spare underwear .
Information support is available in all financial sections of responsible Western papers and the same consolidated viewpoint was given by Zero Hedge two days ago whilst I was on a short vacation .
via International Skeptics Forum http://ift.tt/1TZUMNr
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