Many people will never know what hit them
By Douglas J. Hagmann
27 July 2013
On Tuesday, May 14, 2013, the financial insider known as “The Guerrilla Economist™” and by his first initial “V,” appeared with author and researcher Steve Quayle on The Hagmann & Hagmann Report and made an unexpected and extremely troubling claim. He stated unequivocally that Deutsche Bank was not only in trouble, but was going to go “belly up.”
The following day, his claims were the subject of an article written by Kenneth Schortgen, Jr. on the widely popular Examiner website under the title Banking insider: Deutsche Bank in danger zone and will go belly up (link to Examiner article here). The Examiner article quoted “The Guerrilla Economist™” as follows:
“Deutsche Bank. Big bank. Biggest bank in Germany, and one of the biggest banks in the Euro Zone… they’re going to go belly up. Watch it. Watch it, I said it, it’s going to happen.
They are in such a danger zone, they don’t know what to do. Deutsche Bank’s derivative debt is greater than the global economy. That is one bank. $72 trillion in derivative exposure. The entire global economy, all the countries in the world is only $66 trillion GDP.”