”Since 2008, I’ve been warning Natural News readers about the inevitable, mathematically unavoidable global debt collapse. For the last eight years, crooked politicians and criminal banksters have been “kicking the can down the road” with endless money printing and currency debasement. Now, it appears, we’ve all run out of road.
Deutsche Bank now stands on the verge of financial collapse. Under the delusional, idiotic policies of Angela Merkel- which are only exceeded by the idiotic policies of Barack Obama- Deutsche Bank has vastly expanded its leveraged debt to the point of fiscal lunacy. Now, as Market-Ticker.org explains, the derivates debt exposure from Deutsche Bank is greater than all the assets in the entire nation of Germany: “If you think Germany can bail out Deutsche Bank you’re delusional. Their total derivative exposure grossly exceeds the entire net value of everything in Germany! Not just the government’s resources, but all private resources as well. In other words, even if the government wanted to bail them out, even if they’d survive bailing them out, politically they can’t, even if they attempted to confiscate everything of value within the nation.
Should Deutsche Bank collapse, the debt exposure from other banks that have purchased debt instruments from Deutsche will be catastrophic, and the collapse will ripple through the banking system like a raging firestorm burning through deadwood. Watch the amazing film “The Big Short” to get a TINY taste of what’s to come, (the derivatives debt collapse will absolutely dwarf the subprime mortgage collapse.)
“A failure of Deutsche Bank would trigger a systemic banking contagion the likes of which the Western world has never seen,” writes Jim Willie at SilverDoctors.com. “Unlike the collapse of Lehman Brothers in 2008 which the Western Central banks were able to contain thanks to $13 Trillion in bailout funds, a failure of Deutsche Bank would trigger a systemic banking contagion the likes of which the Western world has never seen.”
From that same article: “My best German source informs me that 3 major banks are in trouble, and these 3 banks are battling every single night to fight off insolvency and failure. He says CitiGroup in New York, Barclays in London and Deutsche Bank in Germany– every single night are in trouble. In conclusion, Deutsche Bank owns $75 trillion in OTC swaps with the Central banks and other major banks, so expect a daisy chain of derivative failures for the $1.6 quadrillion derivative market if it were to fail! Deutsche Bank cannot break down by itself. It would result in the complete breakdown of the European Monetary Union!”
It was all inevitable, of course. As Market-Ticker.org explains: “This is an unsustainable practice since without output expanding at a rate that exceeds expansion of debt, you must eventually stop or the economy will contract even though debt is expanding, and once that begins to occur it is a black-hole event horizon from which you cannot escape until virtually everyone who is in debt has been liquidated and those who hold that debt will take monstrous losses- in many cases 100% losses!”
If you don’t understand what’s happening, you will be financially wiped out. I don’t know how else to warn you about all this. Many people are still delusional, thinking that since nothing has crashed since 2008, crashes can’t happen. Those people are about to be taught a very expensive lesson in economic reality. The very same people who are living in debt denial right now will be many of the same ones flinging themselves off buildings and bridges when they are wiped out in the near future.
Six weeks ago, I released a new video that explains all this. It’s called “Faith Money and the coming collapse.” Watch it here if you seek to understand the catastrophe that’s about to unfold:
Strategies for avoiding a wipeout: Once the next global debt collapse begins cascading throughout the international banking system, many private checking and savings accounts will be wiped out. Many investment accounts will be destroyed as banks go under and try to “bail in” by confiscating customer money on the way down. This means whatever money you think you have in the banks- nothing but electronic digits- stands a very real risk of being worth ZERO.
As I have repeatedly urged for the last eight years, you need to convert your fiat currency “money” into things of REAL value. What things have real value? Some of my favorites include: Physical gold and silver, farm land, EMP-proof tractors, firearms, ammunition, medical supplies, first aid kits, storable food supplies, quality hand tools, garden seeds, water filters, livestock (like backyard chickens), diesel fuel, etc. Download my complete list of suggested survival supplies with The Coming Collapse survival report.
Things that WON’T have value in a post-collapse apocalyptic scenario include: Your stupid iPhone 7. Your idiotic fashion jeans. Your brand name purse. Your impressive new luxury sedan. Your fashion sunglasses. Your new big screen TV. Your politically correct Starbucks crappuccino. If you’ve spent your money on all that useless crap, you’re going to be in a world of hurt when it all hits the fan… a phenomenon that is mathematically inevitable. The wise people are buying food, gold, bullets and Band-Aids. They’re the ones who are going to make it through the fiscal insanity that’s coming.
And by the way, if Donald Trump gets elected, the global banksters are going to deliberately crash the global debt pyramid in order to blame Trump. So the day after the election, if you find out Trump just won and you still have so-called “money” sitting in banks like Wells Fargo or Citigroup, you’re a financial fool. History is about to teach you a very harsh lesson in economic reality. Don’t be caught with your pants down, sexting with Anthony Weiner, when all this happens.
The day is going to come very, very soon when all the people who laughed this off will be begging for food and living in tent cities. Don’t be one of those people. If all your assets are currently denominated in fictional electronic bank records, you’re going to be financially obliterated in short order.”