Code.........dull Red......and Fire Could Spread.

Discussion in 'Financial Planning' started by IBME, Jul 6, 2019.

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  1. IBME

    IBME "ALASKAN"
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    This is escalating rapidly, and risks getting extremely ugly (World Wide) SHTF. Note.......the jump from 50 billion to 80 billion. I'll be very surprised if this is not explosive when world markets open tomorrow, yes tomorrow Sunday.

    Note also the long dated derivatives.

    https://www.zerohedge.com/news/2019...utsche-bank-offices-monday-mass-firings-begin

    More current Info.....https://www.zerohedge.com/news/2019...rs-will-be-fired-bad-bank-soars-eu80bn-5x-its

    This should be illegal........but it is totally legal.
     
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  2. IBME

    IBME "ALASKAN"
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    If anyone does not know how this works, just ask.

    If you do understand how this works......ask yourself, just who is the counter party to the long derivatives and are they pooping a brick.

    The odds are this will get managed, it may get ugly. But this is the type of thing that will eventually bring the whole financial smoke and mirrors down. This is classic.
     
    Last edited: Jul 6, 2019
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  3. IBME

    IBME "ALASKAN"
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    Derivatives you got to love them, "The financial WEAPON of MASSDESTRUCTION".

    In the mean time Goldman SUCKS just urinated on Dushe Bank.

    https://www.zerohedge.com/news/2019...aysias-1mdb-after-goldman-throws-it-under-bus

    EXCERPT:

    When it rains inside the halls of Deutsche Bank, the flood is biblical.

    Just when it seemed that the biggest (if not for long) German bank, already reeling from the biggest mass layoffs since Lehman, couldn't possibly bear any more bad news, along comes the US government with yet another potentially criminal investigation, this time over Deutsche Bank's involvement with the sprawling, multibillion-dollar Malaysian development fraud scandal that toppled a prime minister, crippled Goldman Sachs stock and stretched from Hollywood to Wall Street.

    According to the WSJ, the DOJ is investigating whether the German bank violated foreign corruption or anti-money-laundering laws in its work for the 1Malaysia Development Bhd. fund, or 1MDB, which included helping the fund raise $1.2 billion in 2014 as concerns about the fund’s management and financials had begun to circulate.

    So how did Deutsche Bank get thrown into yet another scandal? It turns out that DB was snitched out by former Goldman banker, Tim Leissner, the man who was ground zero in the original 1MDB scandal, and who ended up costing Goldman billions in dollar in market cap as its stock tumbled last year as its role in the biggest Malaysian corruption scandal got exposed, and according to some, cost Lloyd Blankfein his job. As it turns out, Leissner is now cooperating with authorities, and among his "good Samaritan" duties decided to throw the one bank that has more dirt on it than Goldman: Deutsche Bank. As we have reported extensively in the past, prosecutors have been investigating similar issues at Goldman, where Leissner, a former managing director, pleaded guilty last year and admitted to earlier helping siphon off billions of dollars from the fund.
     
    Last edited: Jul 10, 2019
  4. TMT Tactical

    TMT Tactical The Great Lizard !
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    I am crying my crocodile tears for DB.
     
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  5. IBME

    IBME "ALASKAN"
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    It just shows the whole illusion, and the corrupt foundation on which our entire social systems are structured.
     
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  6. IBME

    IBME "ALASKAN"
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  7. TMT Tactical

    TMT Tactical The Great Lizard !
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    Good link IBME. Thanks.
     
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  8. Old Geezer

    Old Geezer Master Survivalist
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    As you know, I keep up withe euro-status, D.Bank, European banking inter-connectivity.

    What stuns me most is how, even if major failures happen, "some intervening agency" steps in and suddenly its all, "Not to worry"-time again.

    Amazing how not just the sheeple, but people who should know better, keep going-on testifying to the raw beauty of the emperor's new clothes. Investment houses MUST continue the charade, however who will it be to finally dig in their heels and say, "No. No more. I will not take your securities -- they are not secure. I will not take your fake money."

    Russia and China realize this intimately. This is why they are gangbusters trying to build a new currency to defeat the euro and the U.S. dollar. I've pointed this out 100 times, gold-producing Russia is buying Gold. Communist China is buying gold. They know what is coming and plan to be there with a "solution". That solution will be a "final solution" to Western currencies. Even though China the exporter needs us, there are limits. China is DEEPLY tired of being "contained" and so is Putin.

    Will China/Russia/India/Brazil/S.Africa risk war? Yes.

    Could military conflict(s) cause the economic hammer to drop? Yes.

    We are now within one of human history's core crux-points. "May you live in interesting times," is an ancient curse.
     
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  9. IBME

    IBME "ALASKAN"
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  10. LastOutlaw

    LastOutlaw Expert Member
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    From the movie "Margin Call"
    Its just money, made up, pieces of paper with pictures on it.

     
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  11. IBME

    IBME "ALASKAN"
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    A Bank With 49 Trillion Dollars In Exposure To Derivatives Is Melting Down Right In Front Of Our Eyes

    According to a 2016 report from the International Monetary Fund (IMF), Deutsche Bank is heavily interconnected financially to JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley and Bank of America as well as other mega banks in Europe. The IMF concluded that Deutsche Bank posed a greater threat to global financial stability than any other bank as a result of these interconnections – and that was when its market capitalization was tens of billions of dollars larger than it is today.

    http://theeconomiccollapseblog.com/...es-is-melting-down-right-in-front-of-our-eyes
     
    Last edited: Jul 21, 2019 at 9:19 AM
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  12. Pragmatist

    Pragmatist Expert Member
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    Good morning IBME,

    If / when DB experiences derivative stresses it cannot handle, the bank's insurance and the underlying collateral will get activated.

    I don't know if Berlin considers DB "too big to fail" but NYC and Houston would love them leaving the scene. If Nord Stream 2 pipeline can't pay for Russian supplies, there's always the Texas bankers to help out.
     
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  13. IBME

    IBME "ALASKAN"
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    Like (AIG) American Insurance Group..........They went down with Lehman Bros.
     
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  14. IBME

    IBME "ALASKAN"
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    What "COLLATERAL".......???
     
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  15. Pragmatist

    Pragmatist Expert Member
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    AIG wealth still around.

    They just had to end their China market experience. Greenberg took a hit but others are still having a good time.

    Lehman Bros was a co waiting to happen.
     
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  16. Pragmatist

    Pragmatist Expert Member
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    All these banks / fin houses are insured to the hilt.

    Insurance - some private and some is public - isn't written unless the risk is acceptable to the underwriter. I don't know the specifics of DB but they do have assets.
     
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  17. poltiregist

    poltiregist Master Survivalist
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    Intentional or not intentional the communist would not let a finance crisis go to waste . They would look upon it as a chance to usher in a more global monetary system . After all " in their view" all countries should be equal in wealth . World control and domination of the population on steroids .
     
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  18. IBME

    IBME "ALASKAN"
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    Assets that like they carry on the books marked at 100 percent of face value, but would be hard to sell if marked down to real market value.......say twenty cents on the dollar. The only insurance is the tax payers.
     
    Last edited: Jul 21, 2019 at 10:06 AM
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  19. poltiregist

    poltiregist Master Survivalist
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    A financial reset could potentially render all cash , regardless which countries recognized currency you might hold " worthless "as well as any value of silver and gold . That can of beans in your pantry could potentially have more value than a gold coin . Do I really think that will happen " no " but possible " yes " .
     
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  20. Pragmatist

    Pragmatist Expert Member
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    IBME,

    100% correct.

    Even if the assets were properly valued by the underwriter and DB could cover much of their losses, the tax payers will bear the bulk of the loss.
     
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  21. Pragmatist

    Pragmatist Expert Member
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    Good morning Poltiregist,

    You're also 100 % correct.

    Not too much is new under the Sun.
     
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