Tag Archives: Economy

Deutsche Bank Death Watch Update, They’ve Lost Almost 4 BILLION Euros in 2019

That Umbrella Won’t Save You

From Michael Snyder at the Economic Collapse Blog

The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later. Those that follow my work on a regular basis already know that this is a story that I have been following for years. Deutsche Bank is rapidly bleeding cash, they have been laying off thousands of workers, and the vultures have been circling as company executives desperately try to implement a turnaround plan. Unfortunately for Deutsche Bank, it may already be too late. And if Deutsche Bank goes down, it will be even more catastrophic for the global financial system than the collapse of Lehman Brothers was in 2008. Germany is the glue that is holding the EU together, and so if the bank that is right at the heart of Germany’s financial system collapses, the dominoes will likely start falling very rapidly.

Here is a video I did based on what I reported yesterday and this update today.

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RUMOR Mill Says Deutsche Bank in Bankruptcy Proceeding

There are RUMORS coming out of Germany this afternoon that Deutsche Bank has ALLEGEDLY filed Bankruptcy. This wouldn’t surprise me the bank posted at 928 Million dollar net loss in the 3rd quarter! That goes along with an 18,000 job loss during the same period.

When the banking system does go, whether it’s now or in the near future be prepared for daily life to change drastically! Here is a video I did earlier on the subject. God bless and stand firm!

The Currency War Begins, What Will It Lead to Next?

Trade and currency wars can lead to a hot one fast!

From Zerohedge…Update 2: – China’s central bank has confirmed that it is, indeed, on, saying that it is able to keep the yuan exchange rate at a reasonable and balanced level – whatever that means – while acknowledging that the Yuan plunging beyond 7 per dollar is due to market supply and demand, trade protectionism and expectations on additional tariffs on Chinese goods.

Meanwhile, resorting to its old, tired and worn out tricks, Dow Jones reports that the PBOC will crack down on short-term Yuan speculation, and anchor market expectations.

Which is great… if only the PBOC didn’t say exactly the same back in May, when it warned currenct traders that  those “shorting the yuan will inevitably suffer from a huge loss.

Three months later, it’s currency traders 1 – Beijing 0.

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Update 1 – China is firing all the big guns tonight, because just an hour after Beijing effectively devalued the yuan, when it launched the latest currency war with the US, Bloomberg reported that the Chinese government has asked its state-owned enterprises “to suspend imports of U.S. agricultural products after President Donald Trump ratcheted up trade tensions with the Asian nation last week.”

China’s state-run agricultural firms have now stopped buying American farm goods, and are waiting to see how trade talks progress.

Translation: trade talks, even the fake kind, is now over, dead and buried, and the only question is how Trump will react.

For the rest of the story, go to Zero Hedge HERE.

Prepare….

That’s what I hear when I pray today. Prepare. Time is short folks. If you have any last minute items you need or have something you’ve been putting off (like me) then don’t hesitate any longer. Get it done.

War between Iran and the U.S. is a certainty and once it starts gas prices could go as high as $12 per gallon so I’d fill up now if you can. Today the Trump administration will address both houses and I expect them to say all indications are for war. Iran and the rest of the world knows it’s coming, only here in America do the people continue to scoff and mock. The videos below will show you what’s coming. God bless and stand firm.