Jp morgan, bank of america, deutsche bank and danske bank

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What has happened to the once mighty Deutsche Bank?

It got into bed with the German government to the point where you simply can't separate the two any further.
Deutsche Bank's derivative exposure is greater than the whole global GDP combined.
German will prop up Deutsche Bank at any cost and it will rape and bleed white every single nation in the EU
to do it.

I no longer give a fuck about Brexit.
It's an all singing, all dancing puppet show to distract from the massive tidal wave about to hit.
If you're in a fiat instrument get the fuck out.
 

Jason

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Your Focus magazine article is interesting. This story is not being reported in the UK. I hope this is because it is not true. If it is true, ouch!

DB is now implicitly dictating to the German government. I think the reality is that it has to be propped up. To what extent is the ECB propping up DB? Presumably at the moment it is just a theoretical back-stop.

There are all sorts of big threats. Brexit. The Italian political situation. Putin's aggression towards Ukraine. Something none of us can think of, like an eruption of Vesuvius destroying Naples. To what extent is DB proof against such shocks?
 
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Not very Jason.

DB has been trading while insolvent for over 5 plus years.
In the business it's called a Zombie bank.
Now, what has possibly kept DB afloat for all that time without collapsing, even while insolvent?
You want to know where the prosperity of the EU has gone?
The two are inter related.
It's been syphoned off by Brussels in a covert bail-out.
Massive amount of EU funds have been pumped into DB it keep it
functioning.
 
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Jason

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Thanks Bonfire.

The UK managed to bail out RBS at the time of the financial crisis. The sums were huge, but most people in the UK didn't even notice. Of course there has been a knock-on effect over more than a decade in terms of a sluggish economy and the need for austerity. I'm not suggesting that we haven't all suffered, but it hasn't been a catastrophic shock. My understanding is that the DB problems are potentially much bigger. While the UK was able to bail out RBS, Germany would not be able to bail out DB. Is this correct?
 

Drifterwood

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Thanks Bonfire.

The UK managed to bail out RBS at the time of the financial crisis. The sums were huge, but most people in the UK didn't even notice.

That's because people didn't really have any money to begin with.

The £ has devalued by 25% since RBS. That is before this latest Brexit fiasco.

Inflation has been higher than Bank interest.

Even the Brits beloved property has only risen by around 16% in the last ten years, less than inflation, and that despite being supported by supply control and low interest. As the Gov of the BofE keeps warning, it could be in for a big drop.

Basically you are living on debt life support. In the last decade your private debt to GDP ratio has risen from 160% to 190%. And apparently we had a crisis 10 years ago.

Maybe you didn't notice, but I have.