When that Fat German Canary Sings

We Have Entered A Season Of Time When Another “Lehman Brothers Moment” May Occur, A Major Financial Event In Germany Could Be Imminent

IWB, on September 21st, 2015

By Michael Snyder

Is something about to happen in Germany that will shake the entire world?  According to disturbing new intel that I have received, a major financial event in Germany could be imminent, (by which I mean) we have entered a season of time when another “Lehman Brothers moment” may occur.  Most observers tend to regard Germany as the strong hub that is holding the rest of Europe together economically, but the truth is that serious trouble is brewing under the surface.  …

There are very few banks in the world that are more prestigious or more influential than Deutsche Bank, and it has been making headlines for all of the wrong reasons recently.

Just like we saw with Lehman Brothers, banks that are “too big to fail” don’t suddenly collapse overnight.  The truth is that there are always warning signs in advance if you look closely enough. …

Shares of Deutsche Bank … have fallen by more than 40 percent (since 2014). …

The bank has been exceedingly reckless in recent years, (and) they have increasingly been on the losing end of things.

Prior to the “sudden collapse” of Lehman Brothers on September 15th, 2008, there had been media reports of mass layoffs at the firm.  … When big banks start getting into serious trouble, this is what they do.  They start getting rid of staff.  That is why the massive job cuts that Deutsche Bank just announced are so troubling

(In March of 2015) Deutsche Bank fails the banking industry’s “stress tests” … (In early June) Greece misses its payment to the IMF.   The risk of default across all of its debt is now considered acute.   This has massive implications for Deutsche Bank. … Deutsche Bank’s two CEO’s announce their surprise departure from the company … S&P lowers the rating of Deutsche Bank to BBB+  Just three notches above “junk”.  (Incidentally,  BBB+ is even lower than Lehman’s downgrade – which preceded its collapse by just 3 months) …

(Banks live on credit, and with this credit downgrade everything Deutsche Bank does will cost it more. This is what sank Lehman Brothers. icliks)

At one point, it was estimated that Deutsche Bank had a staggering 75 trillion dollars worth of exposure to derivatives.  Keep in mind that German GDP for an entire year is only about 4 trillion dollars.  So when Deutsche Bank finally collapses, there won’t be enough money in Europe (or anywhere else for that matter) to clean up the mess. …

(Read More)


About icliks

Biding my time in central ms ... yours too, if ur reading this.
This entry was posted in maket timing, world economy, world finance and tagged , , , , , , , , , , , , , . Bookmark the permalink.