Rob Kirby: Pro-Dollar Forces vs. Anti-Dollar Forces

• Fed Waterboarding Deutsche Bank – Rob Kirby
  by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
  Macroeconomic analyst Rob Kirby says there is a lot you are not seeing with all the bad news coming from Deutsche Bank (DB). You’ve seen DB stock hit all-time lows, the Fed downgrading them and flunking the bank on a recent stress test. Rob Kirby says it’s much worse than you think and explains, “Basically, it is the German regulator telling DB you are going to get out of this pool, then the Americans realizing how hostile the Germans have become to the criminal activity of the U.S. monetary complex. They basically said you are getting out of our pool?  Well, we’re going to waterboard you first, and we’re going to bring public shame upon you.”
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  Is Kirby worried about DB going under? Kirby says, “I think Deutsche Bank could go under. It might very well deserve to go under, but will they be permitted to go under? In my view, there is no doubt what-so-ever that Morgan Stanley was insolvent in the 2008 and 2009 time frame. Their stock was at $5, and it looked like it was going to $0. They pulled out the stops and papered over the shortcomings at Morgan Stanley.” Kirby thinks European central bankers will do the same for DB.
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  Kirby goes on to say, “What we are really seeing here . . . is a trade war that has been going on for quite some time. This is a frictional description I am giving characterizing the regulatory relationship between American regulatory interests and German regulatory interests.”
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  Kirby cites the example of Germany building an engine plant in Russia in 2015 against the wishes of the U.S.  Kirby says, “The U.S. wanted to put Russia in an economic penalty box. . . . As the date approached for the VW engine plant opening in Russia, so did the rhetoric between the U.S. EPA and VW regarding emissions on their diesel engines. They got a huge fine. . . . You could not have a closer measure of cause and reaction than this engine plant opening in Russia, and days later, this . . . very, very punitive fine on VW.”
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  Kirby says what this all boils down to is pro-dollar dollar forces vs. anti-dollar forces. Kirby contends, “Three, four and five years ago, countries taking anti-dollar actions would have included only China, Russia and a few other smaller Asian players. Now, we are starting to see friction that is not just Asian players, now it’s Germany. Who’s next? Is it going to be the whole European Union . . . going to drift into the anti-dollar camp as well?  America is becoming isolated.”

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