My Geneva fund contact: Deutsche Bank is
officially on suicide watch. DB will be the next ‘Lehman’ moment that triggers
new collapse..
https://twitter.com/maxkeiser/status/360017521753075713
Deutsche Bank Opaque Loans From Brazil to Italy Hide
Risk
http://www.bloomberg.com/news/2013-07-11/deutsche-bank-opaque-loans-from-brazil-to-italy-hide-risk.html
Deutsche Bank’s Accounting Raises Questions
….In other words, these ‘secured’ loans are not really secured, unless one
considers what is effectively a short position on the bonds that were provided
as collateral to represent adequate security. In addition, DB apparently
‘spiced’ the deals up by writing credit default swaps, exposing it to even more
credit risk.
As Bloomberg further reports, this isn’t the first time DB has obscured its
true financial position by means of accounting practices that are not
necessarily illegal, but certainly raise questions about how to properly
evaluate the risks the bank is exposed to.
Meanwhile, the banks that have received the loans in question were able to
continue to report ownership of the bonds DB has sold, allowing them to
misrepresent their own financial health as well…..
….
http://seekingalpha.com/article/1549752-hidden-risks-at-german-banks?source=google_news
Banking insider: Deutsche Bank in danger zone and will go belly up
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.
http://www.examiner.com/article/banking-insider-deutsche-bank-danger-zone-and-will-go-belly-up
JIM WILLIE: BREAKDOWN SIGNALS: CONTAGION LOOMS!
http://news.goldseek.com/GoldenJackass/1373582161.php
WE’RE ALWAYS ON THE VERGE OF ANOTHER FINANCIAL CRISIS: 3 MAJOR BANKS
ARE UNDER CONSTANT THREAT OF FAILURE OVERNIGHT, EVERY NIGHT
Exclusive: Deutsche Bank ‘horribly undercapitalized’ – U.S.
regulator!!!
Moments ago the market
jeered
the announcement of DB’s 10% equity dilution, promptly followed by
cheering
its early earnings announcement which was a “beat” on the topline, despite
some weakness in sales and trading and an increase in bad debt provisions (which
at €354MM on
total loans of
€399.9 BN net of a tiny €4.863 BN in loan loss allowance will have to go
higher. Much higher). Ironically both events are complete noise in the grand
scheme of things. Because something far more interesting can be found on page 87
of the company’s
2012
financial report.
The thing in question is the company’s self-reported total gross notional
derivative exposure.
And while the vast majority of readers may be left with the impression that
JPMorgan’s mindboggling $69.5 trillion in gross notional derivative exposure
as
of Q4 2012 may be the largest in the world, they would be surprised to learn
that that is not the case. In fact, the bank with the single largest derivative
exposure is not located in the US at all, but in the heart of Europe, and its
name, as some may have guessed by now, is Deutsche Bank.
The amount in question?
€55,605,039,000,000.
Which,
converted into USD at the current EURUSD exchange rate amounts to
$72,842,601,090,000…. Or roughly $2 trillion more than JPMorgan’s.
http://www.zerohedge.com/news/2013-04-29/728-trillion-presenting-bank-biggest-derivative-exposure-world-hint-not-jpmorgan
Read more:
http://investmentwatchblog.com/deutsche-bank-lines-up-to-be-the-next-lehman-in-the-next-big-financial-crisis-the-bank-is-horribly-undercapitalized-hiding-risk-to-investors-downgraded-by-sp/
Veel zullen we er niet mee bereiken, maar er zouden meer mensen moeten zijn zoals Dylan Ratigan. In onderstaande video verliest hij zijn kalmte omdat de huidige problemen in de VS (die gelijk zijn aan de problemen in alle westerse landen) niet bij de kern worden aangepakt. Dit zal ons, onze kinderen en zelfs onze kleinkinderen veel geld en welvaart kosten, omdat de politiek niet geschikt is om de juiste beslissingen te nemen.