Nearly a year ago to the day, on September 28th, we wrote “Will Deutsche Bank Be This Cycle’s Lehman Brothers?”
In it we asked, “In 2008, the financial crisis was set-off by the collapse of Lehman Brothers. Could this year’s crisis be caused by a collapse of Deutsche Bank?”
The day after the end day of the Shemitah in 2015, on September 14th, Deutsche Bank announced that it was laying off 23,000 employees, about 25% of its workforce.
At the time, it was trading around $26 per share.
Now, on the eve of the end of the Jubilee Year, Deutsche Bank was down another 7% on Thursday and is now at an all-time low near $11.50.
Bloomberg reported today that about 10 hedge funds that do business with the German lender have moved to reduce their financial exposure.
The International Monetary Fund in June said Deutsche Bank may be the biggest contributor to risk among so-called global systemically important banks. The bank has gross notional derivatives exposure of 46 trillion euros, according to an Investor Relations presentation published this month.
If Deutsche Bank existed in a bubble, its collapse would not be a major event. After its shares have plummeted more than 50% in the last year, and down over 90% since 2008, Deutsche Bank only has a total market capitalization of $15 billion.
The problem exists in its massive derivatives exposure and the fact that most European trading is cleared through Deutsche Bank.
In other words, it, alone, has the capability to take down the entire worldwide financial system… and as we head into Friday, many are wondering if it will make it through to the weekend.
Many are expecting that if worst comes to worst, the German government will bail out Deutsche Bank. But most of them are naive to the fact that this is a planned implosion of the economy and financial system, one in which Merkel has played a key role.
Will Deutsche Bank implode Friday, two days before the end of the Jubilee Year? Or perhaps over the weekend? Interestingly, Monday is a national holiday in Germany, “German Unity Day”, and as we have pointed out in the past, most bank holidays/closures are instituted over a weekend.
The timing of Deutsche Bank potentially collapsing during the Jubilee end-day weekend and our call of Deutsche Bank being this cycle’s Lehman Brothers, may all prove to come true… and we predicted it all, down to the name and date!
Will it collapse over the weekend? Only time will tell. If it doesn’t, it is on its very last legs now. Something's about to break very quickly.
Tomorrow we will write about a bizarre and amazing confluence of events that are all set to happen this weekend which, simply, cannot all be coincidence.
In the meantime, our good friend, Max Wright, has offered a special, emergency set of online conference calls to help get you the information you need before it is too late. You can access it immediately here.
And, subscribe to our newsletter (click here for more) to get immediate access to all our back issues, in addition to our upcoming issue coming out this weekend, as well as access to our worldwide group of subscribers to find out what you need to do in the event that Deutsche Bank sets off a financial crisis this weekend.
We’ve warned to prepare. And we even warned of this specific weekend to be a key weekend in the upcoming chaos and crisis.
If you have been waiting to see if we are right before acting you will find out that once this crisis begins it will be too late to prepare… act now!
I just hope that the collapse doesn't reck steemfest!
you are kidding right? there is nothing better than a bank and the whole banking system collapsing again!
buy bitcoin and other cryptos now !
if the banks collapse i expect even steem shoot up 100% or 200%
Thanks as thats exactly what I was thinking.
Wie nicht anders zu erwarten war, ist heute nichts passiert. Ich glaube, dass der Crash noch weit entfernt ist, so sicher er auch kommen mag. Die Taschen der Zentralbankster sind eben unendlich tief. Und solange der Schlafmichl dem FIAT vertraut, holpert das System weiter. Hauptsache, die Amis drehen nicht durch und fangen mit den Russen oder Chinesen einen Krieg an. Dann helfen dir auch BTC's nichts mehr.
Lulz, so when this ridiculous prediction about the Shemitah comes and goes on what is it Monday, and this ridiculous financial system run by the Central Bankers and the Federal Reserve is still chugging along ripping us all off, will you admit your Jubilee and Shemitah crap are just click bait bullshit? I mean honestly putting a date on a prediction like this was not very smart. Love your analysis in general but the Shemitah Jubilee crap is just that click bait nonsense.
Of course he won't. He'll point at something bad in the newspaper and say "see? that's cause shemitah!" ...as if bad things don't happen every single day anyway.
It's now October 5, I thought the whole economic system was going to crash on the Shemitah which was Oct 2nd? Cough, Cough... Can we admit I was right now or what?
You probably mean On Eve getting out of the Jubilee(oct2015-oct2016) in which all hell should have broken lose according to your predictions
Thank you Dollar Vigilante!! Resteemed and tweeted!
The world really does need to embrace money that is not simply made from thin air or created with nothing backing it other than a promise. Cryptocurrencies, in my view, are great because if these banks truly are on the brink of collapse than we need some global form of funds that are not subject to the speculation in stock markets, which many large banks do, derivatives being the worst of the worst. I hate the fact that people and corporations have so much power over the entire world economy and if it collapses what are we to do? Seriously. If the bank system devalues fiat currency and non-gold/silver backed monies than what does the average joe do so he can simply buy food or gas to go to work let alone will the electricity still run if an American dollar is worth a penny and pur bill is $100? What would the effects be in such a situation? Whats the best thing to do? Pull all my American Dollars put of the ATM or what? Buy silver ingots or coins? I seriously dont know the answer.
Absolutely pull all of your cash out of the bank. The worst that can happen is that you have paper money to barter with (if you don't have time to convert it to silver). I advise that you use the cash you have to stock up on ammo. Ammo will be the most widely accepted currency in case of a blackout, or EMP event. The silver that you manage to stack up only after you have at least 6 months of food, water and ammo taken care of will create generational wealth in the years to come. Silver and Gold are not something that you want to be bartering with for food!
Thanks for the reply. I'm a Marine and have two bugout bags for me and my wife and two kids with the intention of making two more for them. We have a stock of rice and beans and filtered h2o that would amount to roughly six months of food (however boring) plus whatever is in the fridge/pantry. I have plenty of knives but only one firearm a Glock G30S which is the subcompact .45. I have roughly 200 rounds for that in my BOB plus four magazines loaded up. I want to buy a shotgun and modify it for a more broad 'point and pull' weapon for defense as well as a AR15 (even though I would prefer the originally designed AR10 which shoots 7.62 rounds instead of 5.56. But in the near future I will be buying parts to assemble my AR15. I also have two 80% AR15 lowers which I hope to be able to complete soon. So since we are all mostly using Dollars or some other fiat currency what will be the impact crypto currency will even have if an EMP or other catastrophic event were to happen and destroy our network? What good is a million dollars in Bitcoin if we can't use it? Not trolling I really want to know. But as for your tip I will be buying some boxes of Ammo today. Some shotgun hollowpoints and buck shot rounds, some .45 for my sidearm and some 5.56 and .223 for myself and also some 9mm to barter since that will most likely be the type of round most people will be using/wanting. I also want to get a crossbow bc The Walking Dead has made me see how effective it is when wanting to kill something without much noise. Silly I know. I completed S.E.R.E. as part of my Marine training as a CH53e crew chief/door gunner and I am fairly good at hunting and trapping. But man I just really hope things stay as they are. My kids are 10 and 7 and it would be so tough to care for four of us in the woods. My wife is a Nurse so she has/we have been stacking antibiotics whenever she can get her hands on some that will be thrown away (government overspending). We have a nice cache of medicines. Anyhow this reply is becomming quite long. Thanks for the tip and for your time in writing it. I will convert some $ bills into some BTC but other than that I'm getting ready for a world without electricity so my focus is on improving my bug out bags and making sure I have a plan on where to go when sh*t hits the fan. Attempting to buy property in the mountain woods of upstate NY with family right now and another piece in Maine for me plus three. Want to have caches in each location and keep going North should things progressively get worse. Anyhow thanks again. Just blowing off some Steem ;)
Thanks. I watched DB since a long time. Since a few days I'm here on steemit.com and wrote already about DB. As I'm German, I often use our own languge: https://steemit.com/deutsch/@freiheit50/deutsche-bank-im-sinkflug
But I wrote some stuff in English as well, for example a story about the absense of BTC ATM's in Germany:
https://steemit.com/bitcoin/@freiheit50/why-there-are-no-bitcoin-atm-s-in-germany
THs could be interesting for you, because Germany is an economical important country. Best regards, @freiheit50 Christian
Hi Jeff, love ya! Here is my writings on the topic: Todays steemit post https://steemit.com/money/@greenman/perfect-storm-next-week-this-stuff-is-so-on-egg-shells-i-am-having-a-hard-time-sleeping-because-of-the-excitement
And my favorite post on TRUST - bitcoin https://steemit.com/intro/@greenman/part-4-trust-who-do-you-trust-do-you-trust-your-local-city-council-provincial-or-national-gov-t-do-you-trust-the-global-world
If you like can you resteem or share on your YouTube etc.?
We know a lot of the banks have been reckless with our money and some have crashed. It's all very well the governments bailing them out, but they need to pay us back and learn some humility
Man its all coming to pass just as you guys said. Its looking more and more likely. I hope to catch up at steemfest and raise a glass to crypto!
What will happen to euro currency if DB goes under?
Wow, interesting.
Well it would be about time, I have been waiting for 8 years and preparing, sure would be better than all this waiting stuffola with tricks, turns and screwing society into a deeper hole.
Good thing crypto currencies are replacing the old system.
Friday - CEO Deutche Bank - 'We are robust" ....who's fooling who???
Interesting. We live in terbulant times.
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Advanced Steem Metrics Report for 30th September 2016 by @ontofractal
Bitcoin, Syscoin, Gold & Silver to Shoot Up FASTER If Deutsche Bank goes bust by @stillsafe
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