Deutsche Bank And Signs of Panic!
By: John Rubino and Gordon T Long
GoldSeek.com
Sunday, 2 October 2016
John Rubino and Gordon T Long discuss the unfolding mayhem in the European banking sector and specifically what is behind the panic selling in Deutsche Bank stock.
DEUTSCHE BANK – …. then all of a sudden!
Gordon T Long outlines:
“We have seen this coming for some time and is why in the spring we issued a feature report entitled “Is Deutsche Bank EU’s (Lehman + Bear Stearns + Enron)**2? ” We were pointing out that the Leverage at Lehman Bros, the Bond Portfolio’s at Bear Stearns and the Derivatives at Enron which brought these corporations down, pales in comparison to Deutsche bank which sits on all three of these potential Tipping Points which can cause lost investor confidence and a bank run.
John Rubino says:
“We can stop watching the Italian Banks and start watching the German Banks. Counter-Intuitively the most rock solid banks, in the most rock solid country in Europe have become the biggest systemic risk in the global economy! Part of the reason is the German Banks have been doing in effect something called “Vendor Financing”!
“GERMANY IS ON THE HOOK FOR ITALY, SPAIN / PORTUGAL AND GREECE. WHICH MEANS THE PERIPHERAL COUNTRIES IN THE EUROZONE WHICH CAN’T FUNCTION AS CURRENTLY CONFIGURED ARE A MAJOR RISK FOR DEUTSCHE BANK”…. It is becoming increasingly evident the peripherals can’t pay back their debts!
People are beginning to understand that the pillars of all this debt may soon blow up!
What is looking like another European banking crisis could quickly become a currency crisis as it is likely to impair the Euro. This is even a bigger global issue as it would likely spill over into the bond market.
IMF WARNING: “Central Banks Losing the Deflation Fight”
The Rest…HERE
