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A failure of Deutsche Bank would trigger a systemic banking contagion the likes of which the Western world has never seen…
With Euro-zone banks showing renewed signs of crisis (Deutsche Bank deleveraging by a massive €425 billion over the past year- the fastest pace since the 2011 near-Euro collapse, and Barclays admitting a £12.8bn capital shortfall Tuesday) and fundamental indicators in the gold market screaming financial crisis (GOFO rates remain negative for nearly 20 days and massive inventory draw-downs at the COMEX & LBMA), The Doc spoke with Jim Willie Tuesday in an explosive MUST READ interview.
Willie, who recently stated that Deutche Bank is under major duress and could be the first major bank to collapse in the next stage of the banking crisis, informed The Doc that unlike the collapse of Lehman Brothers in 2008 which the Western Central banks were able to contain thanks to $13 T in bailout funds, a failure of Deutsche Bank would trigger a systemic banking contagion the likes of which the Western world has never seen.
When asked by The Doc how Deutsche Bank differs from Lehman Brothers in 2008, and what events could lead to a renewed banking crisis, Willie responded:
My best German source informs me that 3 major banks are in trouble, and these 3 banks are fighting 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.
The important thing to keep in mind about Deutsche Bank is that it won’t go down alone if it goes down at all. If it fails, it will take along with it 3,4,5,6 or 10, or 15 other banks! It will be 1 or 2 quickly, then a 3rd and 4th a few weeks later, another, then before you know it, all of Italy and their major banks would be kaput.
My belief is that Deutsche Bank and its constant overnight risk of failure is somewhat tied to derivatives related to LIBOR, and also a risk related to their FOREX derivatives. In other words, derivatives that the banks use to balance off the currencies.
Believe it or not, in the derivatives world, gold is treated like a currency. Isn’t that ironic?
The FOREX derivatives that the banks are involved in are very much tied to gold.
The big immediate threat for Deutsche Bank though has to do with their problems in hiding debt for the Sovereign nations applying for the Eurozone.
For example, Greece and Italy couldn’t have their debt ratios over certain levels, so what Deutsche Bank did was they turned nice big chunks of Sovereign debt into currency swaps.
For an example of how this works: Suppose you have a $250,000 bad business loan that is stinking up your credit report. So you call up your favorite Deutsche banker (or Goldman or Morgan- pick your criminal enterprise that is your personal favorite) and you tell him, look I have a $250,000 debt here and I want to make it go away.
They say OK, we can do something clever here. We can pay off your debt so your credit report looks good, and we can establish this $250,000 Euro swap, and we’ll keep it off the books!
So you have this $250,000 bad loan stinking up your books, it goes away, and is replaced by something hidden- a euro currency swap!
That’s precisely what was done on a larger macro scale by Greece and Italy- and Deutsche Bank is involved with several of these, and the total that is becoming disclosed is $400 Billion.
Apply your typical ratios and you can conclude that they are $10, $15, $20 billion short for capital requirements!
The big banks are so criminal that they have converted fraud and criminal activity into a small cost of doing business!
When asked to clarify his statement that a failure of Deutsche Bank would likely result in a contagion of bank failures Jim Willie responded:
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TELL ALL THE CITIZENS TO SIGN THE PETITIONS BELOW because the FEDS are about to GIVE AWAY all the USA Minerals to Foreign Nations for a DEBT we the People did not agree too for over 30 YEARS of our GOVERNMENT APPEASING THE REST OF THE WORLD SO THEY WOULD KEEP USING THE DOLLAR , To HELL WITH THEM !!!!!!!!!!!!!!!!!!!!!
This is what its all about , http://cascadebusnews.com/news-pages/e-headlines/4733-knowledge-a-courage-what-the-west-needs-to-take-back-our-public-lands
Let me ask you if you would have been told the USA would accumulate 18 trillion in debt and 200 trillion in unfunded liabilities because of the last 30 years of unfair trade policies which allowed a trade partner to manipulate its currency in a fashion that created that SOUND ROSS PEROT said we would hear that only de-industrialized the USA that led to these loses in durable wealth creation and the conversion of any debt to an equity position , would you have agreed to that kind of trade policy ? http://www.americanlandscouncil.org/key_points , http://freedomoutpost.com/2014/05/plan-use-land-west-pay-debt-china
READ THESE LINKS it tells you about the Russians that want USA Uranium ,
http://farmwars.info/?p=14481
The Clintons: is the Oregon standoff really about uranium? by Jon Rappoport
https://jonrappoport.wordpress.com/2016/01/27/the-clintons-is-the-oregon-standoff-really-about-uranium/
This article says that Malheur County may be the BIGGEST Uranium Deposit in the USA !!!!!!!
http://www.wweek.com/portland/article-18572-a_glowing_opportunity.html
FEDS want 13 million acres taken away from private sector operations in the Western States
https://www.youtube.com/watch?v=xcW2xTkh7rs
This is the Clintons Russian Counterpart that is Taking ALL USA Uranium !!!!!!!!
https://www.facebook.com/Uranium-One-1683613478585571/timeline
http://freedomfromgovernment.org/the-secret-that-no-one-wants-you-to-know-about-the-standoff-in-oregon/#more-51
*******ATTENTION********** I FOUND PETITIONS TO SIGN THAT WILL ALLOW EVERYONE TO BENEFIT FROM THE STATE RESOURCES THESE GOVERNMENT BANDITS ARE STEALING ********* One Petition is for Oregon Citizens , and the other is for US Citizens .
https://www.change.org/p/oregon-state-house-state-citizens-dividends-check-from-state-lands-economic-activities?recruiter=66015808&utm_source=share_for_starters&utm_medium=copyLink
This one is for everyone in every state make these go viral because it will get the GREEDY GOVERNMENT TO OWN UP TO THIS FRAUD AGAINST WE THE PEOPLE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://wh.gov/iwuee
Yes, they will go down, soon, most likely next week, and afterwards, well like in the movie Titanic, billionaires will safely paddle away in their lifeboats while unlucky majority will find itself locked down under the deck till end of global economy under the cold waters of debt ocean… So there are Nubiru, ISIS, talk-shows, whatever, favorite distraction, you music is sill playing, there are light, food, so have fun and do not look at the other side, as right now billionaires are entering into their lifeboats…
Jim Willie or one of those guys reporting on BIN said February 19. 2016. This was just 3 weeks ago. I guess that`s when they say we`ve (USA) run out of money.. Maybe it`s when it all goes down for all banks & financiers.