The United States Imports Record Amounts of Gold from Switzerland! Meanwhile, Deutsche Bank Faces Total Collapse

- The United States Imports Record Amounts of Gold from Switzerland! Meanwhile, Deutsche Bank Faces Total Collapse
by Nathan McDonald, https://www.sprottmoney.com/
I have been pointing out for months now that something fishy is going on behind the scenes. It began last month, when I highlighted the fact that the United States had reversed a massive, long-lasting trend of exporting gold, and in fact was beginning to import record amounts of gold from Switzerland. Well, not only has this trend continued, but it has accelerated.
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As has been in the breaking news this week, Germany is facing growing pressure to bail out Deutsche Bank as it becomes increasingly apparent that this bank is facing a massive crash and liquidity problems.
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This is becoming a self-fulling prophecy as the CEO of the bank states, pitifully blaming hedge-funds and speculators for much of their woes. It could never have anything to do with the fact that they were, as many other banks are, horribly over-leveraged and lacking reserves.
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Adding fuel to the fire, a bank run has begun and customers of the bank are rapidly withdrawing their funds. If you know anything about how disgustingly leveraged and thus vulnerable our modern-day banking institutions are, then you will know that this is the mark of death for any bank and can rapidly destroy the banking institution in question.
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If Deutsche Bank goes under, mark my words. We WILL be dealing with a massive spread of contagion that could put the entire banking system around the world at risk.
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