utopiathecollapse.com / August 11, 2016
August 2016 – GERMANY – For the fourth consecutive Sunday, Germany’s leading financial newspaper Frankfurter Allgemeine Zeitung has run an analysis of the perilous and declining state of its largest bank, Deutsche Bank. This Sunday, the FAZ interviewed a very prominent German economist who says, “Nationalize Deutsche Bank on an emergency basis! It is in worse crisis than in 2008” in the global bank panic. That Martin Hellwig of the Max Planck Institute in Bonn would make this call—in a country where nationalizations were never discussed even at the depth of the 2007-09 panic and collapse—indicates that Deutsche Bank is nearing a real implosion unless it is “saved.” And the IMF has already formally found it to be the one giant bank which “radiates more risk” to other banks and banking systems, than any other in the world.
Its implosion will signal a general economic crash, which will exacerbate the confrontations being pushed by the Obama Administration and NATO against Russia and China. Schiller Institute founder and Germany’s BueSo party chairwoman Helga Zepp-LaRouche only weeks ago issued a public call to “Deutsche Bank Must Be Rescued for the Sake of World Peace.” She and Lyndon LaRouche said the bank’s investment policies must be completely redirected in the process to industrial and infrastructure development, the policies of its CEO Alfred Herrhausen, who was assassinated on Nov. 30, 1989. Hellwig declares to FAZ that “investment banks have sucked out Deutsche Bank” for more than a decade, so that its terminal crisis does not even stem from the 2008 global panic.
The post Brink of Collapse? Leading German economist says emergency Deutsche Bank takeover needed now appeared first on Silver For The People.
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