So, lets be clear - they don't actually "need" profit to keep from imploding. They didn't make any "money" this last year and their dividends will suffer - so what?
That is NOT the issue. Nor is the fact that as a result of their financial troubles they are "closing 200 branches, in the COMING MONTHS....who cares? That's just a business decision, based on fiscal reality.
Did you ever hear of the "olive theory"? Years ago, United Airlines used to serve 2 olives in every martini. They went down to one, and saved something like $1,000,000 a year....
No....the REAL PROBLEM with Deutsche Bank is negative bonds and derivatives which they admit to of $75trillion. Now keep in mind, as I've explained before - the entire global GDP is only 70trillion - and the "official numbers" never include REALITY in the world of Shadow Banking. There are MORE THAN 4quadrillion derivatives in existence in the system.
Now, enter counter-party risk and cross-collateralization. Because the entire financial system is a GLOBAL ONE and its ALL tied together. Banks, Pension Funds, Insurance Companies.... when the COLLAPSE occurs, it will take EVERYTHING with it. "Well, what about credit unions" I've heard time and time again in Dinarland...are you KIDDING ME???
When the dominoes fall, it will be an economic tsunami unlike anything you or anybody has ever seen.
Unlike most of you, I had a preview. Back in January 2007, a little blurb made its way into "the news" which said "Sub-Prime Mortgages May Not be Performing, as Expected". Within a month, all the No-Doc/Stated loans for my self-employed borrowers were off the shelf. Banks started collapsing, and within the first 3 months there were 100 that went out of business. By the end of the year, 200. Nobody was lending anything, to anybody - even the SBA had a moratorium on any new loans. With the value of the collateral assets plunging (the real estate values declining) the balance sheets were all skewed and when regulators investigated the smaller banks that didn't have derivatives propping up their balances by being considered "assets" (SMH - they're actually LIABILITIES, in the "real world") the little banks would be declared INSOLVENT and essentially FORECLOSED ON and consumed by the "Too Big to Fail" ones who were getting BIGGER - and all this was before the 2008 Bail-outs and "The Lehman Moment". That is when the implosion should have happened. All they've done is EXTEND and PRETEND ever since - blowing the bubble even bigger! Things were so bad back then, that the banks that I used to go to for my borrowers loan requests (I was in commercial lending) were COMING TO ME, to try and get "bought" - some with over 100branches...or more! One that I was particularly close to as they were Greeks that I'd had a personal relationship with for years - was inherited and owned by the son who has recently been elected the Treasurer of our state...and even his bank that had been in the family for decades was STOLEN!
The REALITY and upshot of today's headline, as Bix Wier so accurately points out will be this; "Hang onto your hats my friends as now it's S&P's turn to put the hammer to the nail with a nice and juicy DOWNGRADE freezing DB's access to capital and triggering the Derivative Neutron Bomb!!!
It's all happening my friends.
May the Road you choose be the Right Road.
Bix Weir"
Over this last year, Deutsche Bank's stock has lost over 60% of its value which has required them to offer an astronomical CD offering of 5% interest for new deposit accounts - recently
"Which is certainly a great guaranteed return in this age of ZIRP/NIRP day and age; however the question is: why does Deutsche Bank need this money so urgently, and especially over the next three months.
And while we were pondering this, we noticed a new addition to the generic risk factors boilerplate language, where in addition to the usual stuff, we now see a warning about the infamous "bail in."
In case of bankruptcy or risk of bankruptcy of financial institution, the saver is at risk of losing their savings or may be subject to a reduction / conversion into shares (bail-in) of the amount of the claim that he has the financial setting on top of the amount covered by the double German guarantee scheme for deposits.
Finally, we must admit that we are especially amused by the google translator's twisted humor when it comes to captioning the picture this especially enticing offer appeared on."
What Bix is referring to with "S & P" is the rating company, Standard and Poor who will likely downgrade DB's credit rating to a point where an offering of ANY AMOUNT of interest won't matter anymore. That will be "the moment"....
No, this is not going to be "pretty" - should it all play out in uninterrupted 3d life as it seems to be. People whom I respect such as Yosef and Dizzy Bear tell me that there will be the Divine Intervention of going to an asset-backed system BEFORE the collapse that will keep this all "under wraps" and out of the public view. My intuition still questions that information - and wonders if they weren't sent to Dinarland on the mission of trying to keep the rational conversation such as that which I bring up, to a minimum. Rolling out "an RV" and creating digital assets by assigning an astronomical value to a worthless piece of paper would be a GREAT way of hydrating the system, and keeping it going awhile longer - wouldn't it? Its just exactly how "money" is made as its loaned into existence. An interesting and honest disclosure was made by the Bank of England 2.5 years ago- http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q1.aspx
Because I've been personally involved as a lifelong participant of bringing forth the Paradigm Shift - and knowing what I know...I really must question all of this. The whole purpose of all of the "suffering" and progressive unrest is to collectively achieve Ascension, where all TRUTHS which have been hidden to control and manipulate Humanity for eon's are revealed to all of Humanity. So...we're going to have a financial tsunami from runaway, completely unsustainable debt - and no one's going to know about it because it will be "kept quiet"? Hmmmmm........"Who does that make sense to?"
As I've said all along, and taken beatings for from many in Dinarland before - I will not be a "first mouse". But...I most certainly am looking forward to gleaning as much information from those of you who are! Then, I can decide when and how I will proceed into my exchange - dependent on real-world information. As I've already told all of you at "Global Currency Reset & BEYOND" - we will be holding a post-RV call to discuss these findings and explore our available options. I invite everyone not interested in just "waiting to find out" which way this thing plays out after they've given up their currency to what may still be insolvent banks, to attend.
Anyone seeking more information about the reality of "where" we are today, may enjoy hearing Jim Willie's most recent interview (start at the 20min mark) http://s3cdn.panda-os.com/1305/content/entry/data/0/767/0_aatizosc_0_gpv8y2cy_12.mp3
In conclusion, Bluwolf shares my concerns in today's message;
"THINGS TO THINK ON: THE G20 meeting favors the GCR and RV's, it also gives the BRIC'S system it's total welcoming. Iraq’s currency will be circulating by the first week of next month.’
It's curator has now been returned to finish the financial job ( Dr.Sabbibi). No more American interventions in Iraq.
They have informed me that the SKR'S owners are aroused and very jumpy, nervous to say the least. For they can lose all there unused monies before they are liberated with just one presidential word.
The country's economy is bankrupt so you know. And 44 is about to make the announcement and give the order if H gets screwed.(IMO) Everything else that is expected is running forward smoothly. It will be completed very shortly. Good day. Bluwolf"
Who is Cindy? USNS did go live this morning. All administrative holds are removed. That was the major hurdle that had to be overcome. All administrative holds are removed The Zim will be exchanged only at HSBC. Our government is going to pull something so exchange ASAP once you have the 800 numbers. I was just told to expect 800 number tonight. Bruce didn't make the cut. Group text. Cindi"
