- World Alternative Media Published on Jun 18, 2019
Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent move by Deutsche Bank as they desperately attempt to avoid collapse. Like so many banks before them including several in Cyprus which no longer exist, Deutsche Bank is now creating a “bad bank.” In order to overhaul their trading operations, they will create this “bad bank” as a means to hold tens of billions of Euros of non-core assets. This will also mean they will be shrinking or ending equity and rates trading operations outside of Europe.
The bank has steadily seen all time low share prices since 2008. They’ve been downgraded by the S&P, they’ve been acting on laying off one in ten workers, they’ve had to redo their living will test for the Federal Reserve, they’ve been caught in countless scandals and have also been caught spoofing gold and silver markets. Essentially the bank is on its last legs and they will be one of the world’s biggest dominoes to fall into the global collapse on our doorstep. When Deutsche Bank goes, we can expect many banks to go and they are doing everything in their power to stay on their feet. But with a more than 40 trillion dollar derivatives exposure and a Germany GDP of 3.5 trillion dollars and shrinking, there is only one place Deutsche Bank can go… Down.