Deutsche Bank - Stand zurück, als die zweitgrößte Bank der ganzen Welt kurz vor dem Zusammenbruch ist
http://www.goldenjackass.com/ [nur durch Abonnement]
DEUTSCHE BANK IS DELEVERAGING AT THE FASTEST PACE SINCE THE CRISIS OF 2011. THIS IS THE OLD LEGACY DERIVATIVE BOOK ACQUIRED FROM BANKERS TRUST IN 1998, WHICH GREW MUCH BIGGER. BEWARE THAT D-BANK HAS A BOOK EVEN LARGER THAN JPMORGUEN'S, AND DEUTSCHE BANK IS IN THE PROCESS OF FAILING. NOTHING CAN STOP ITS FAILURE. $$$
Deutsche Bank is the biggest derivative bully on the block in the Western world. Its total gross derivative exposure of EUR 55.6 trillion is even bigger than that of JPMorguen. Much consternation within German political circles has arisen, since its death is a constant worry. Recall that Deutsche Bank back in 1998 acquired Bankers Trust from New York. It was a huge event, but little noticed. BT was a huge computer customer of my old Digital Equipment Corp firm, the Jackass employer from 1980 to 1993. BT was called the USFed's private bank, a grand silo of derivatives, which no US-based bank was large enough to acquire in prevention of a massive failure that would have been an order of magnitude larger than Lehman's. The derivative collapse threat has origins back in 1998. This is not a new phenomenon.
Back in May 2012, the Zero Hedge vigilantes provided disclosure that the Core Tier 1 ratio at Deutsche Bank was the worst of any bank in Europe, and the entire world. This viewpoint was reinforced by former Kansas Fed president and current FDIC Vice Chairmam, Tom Hoenig. He called Deutsche Bank so horribly undercapitalized, it is ridiculous. One could easily extend the conclusion that almost every big US and London bank is horribly under-capitalized. Notice the two Deutsche Bank net derivative exposures since 2011. Something hits the observer in the face. Over the past year, the nominal net exposure of the bank's positive and negative derivative market values has collapsed from a combined total of EUR 1.678 trillion to just EUR 1.253 trillion. In fact, over each of the last four quarters it has shown consecutive declines for a cumulative net deleveraging of EUR 425 billion.
Notice that bank deposits are in rapid decline, a 20% decline in deposits in twelve months. They serve as capital core, rapidly vanishing. If the exposure declined with a constant capital core, it would flash a healthy signal. A reasonable person would therefore inquire with due diligence, as to why the biggest bank in Europe was deleveraging at the fastest pace since Europe's near-death experience in the summer of 2011. Stand clear, as the second biggest bank in the entire world is about to collapse. It is shrinking as fast as it is eroding in the capital base. See the Zero Hedge article (CLICK HERE). More attention was given to Deutsche Bank when Max Keiser mentioned that the big teetering bank was officially on suicide watch, according to his Swiss fund source. See the Silver Doctors article (CLICK HERE).
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http://www.goldenjackass.com/ [nur durch Abonnement]
DEUTSCHE BANK IS DELEVERAGING AT THE FASTEST PACE SINCE THE CRISIS OF 2011. THIS IS THE OLD LEGACY DERIVATIVE BOOK ACQUIRED FROM BANKERS TRUST IN 1998, WHICH GREW MUCH BIGGER. BEWARE THAT D-BANK HAS A BOOK EVEN LARGER THAN JPMORGUEN'S, AND DEUTSCHE BANK IS IN THE PROCESS OF FAILING. NOTHING CAN STOP ITS FAILURE. $$$
Deutsche Bank is the biggest derivative bully on the block in the Western world. Its total gross derivative exposure of EUR 55.6 trillion is even bigger than that of JPMorguen. Much consternation within German political circles has arisen, since its death is a constant worry. Recall that Deutsche Bank back in 1998 acquired Bankers Trust from New York. It was a huge event, but little noticed. BT was a huge computer customer of my old Digital Equipment Corp firm, the Jackass employer from 1980 to 1993. BT was called the USFed's private bank, a grand silo of derivatives, which no US-based bank was large enough to acquire in prevention of a massive failure that would have been an order of magnitude larger than Lehman's. The derivative collapse threat has origins back in 1998. This is not a new phenomenon.
Back in May 2012, the Zero Hedge vigilantes provided disclosure that the Core Tier 1 ratio at Deutsche Bank was the worst of any bank in Europe, and the entire world. This viewpoint was reinforced by former Kansas Fed president and current FDIC Vice Chairmam, Tom Hoenig. He called Deutsche Bank so horribly undercapitalized, it is ridiculous. One could easily extend the conclusion that almost every big US and London bank is horribly under-capitalized. Notice the two Deutsche Bank net derivative exposures since 2011. Something hits the observer in the face. Over the past year, the nominal net exposure of the bank's positive and negative derivative market values has collapsed from a combined total of EUR 1.678 trillion to just EUR 1.253 trillion. In fact, over each of the last four quarters it has shown consecutive declines for a cumulative net deleveraging of EUR 425 billion.
Notice that bank deposits are in rapid decline, a 20% decline in deposits in twelve months. They serve as capital core, rapidly vanishing. If the exposure declined with a constant capital core, it would flash a healthy signal. A reasonable person would therefore inquire with due diligence, as to why the biggest bank in Europe was deleveraging at the fastest pace since Europe's near-death experience in the summer of 2011. Stand clear, as the second biggest bank in the entire world is about to collapse. It is shrinking as fast as it is eroding in the capital base. See the Zero Hedge article (CLICK HERE). More attention was given to Deutsche Bank when Max Keiser mentioned that the big teetering bank was officially on suicide watch, according to his Swiss fund source. See the Silver Doctors article (CLICK HERE).
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Deutsche Bank is officially on suicide watch. DB will be the next ‘Lehman’ moment that triggers new collapse.
Max Keiser has joined Jim Willie in predicting an imminent default of Deutsche Bank, which would likely result in a Lehman like triggering of the next financial panic.
Max Keiser @maxkeiserMy Geneva fund contact: Deutsche Bank is officially on suicide watch. DB will be the next ‘Lehman’ moment that triggers new collapse.
https://twitter.com/maxkeiser/status/360017521753075713
Recent excerpt from Jim Willie’s latest, who stated that if Deutche bank goes under, a full blown contagion is assured:
Judging from the ongoing defense from prosecution and cooperation (flipped) with Interpol and distraction of resources, the most likely bank to die next is Deutsche Bank. They are caught with accounting fraud and outright financial fraud over collateral shell games, pertaining to USTreasury Bonds, other sovereign bonds in Southern Europe, and OTC derivatives linked to FOREX currency contracts. D-Bank is a dead man walking.
The contagion that will hit is assured, since these three big banks are all interconnected, their positions intertwined, their fates tied like a common millstone around their necks. When they go down, and they will go down hard, the gaggle of Western financial firms (banks, investment banks, hedge funds, exchanges) will sink together into a sea of red ink, toxic swill, and more than a few orange jumpsuits. The legal route might be more likely a vanishing act, as hidden banker prisons have begun to be populated, very quietly, under extreme secrecy. Remember that since the great London gold drain last spring 2012, a new sheriff has been in town and hard at work. And he is taking bankers, mid-level bankers, the ones who know too much information, but who do not have the privileged high rank.
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Max Keiser has joined Jim Willie in predicting an imminent default of Deutsche Bank, which would likely result in a Lehman like triggering of the next financial panic.
Max Keiser @maxkeiserMy Geneva fund contact: Deutsche Bank is officially on suicide watch. DB will be the next ‘Lehman’ moment that triggers new collapse.
https://twitter.com/maxkeiser/status/360017521753075713
Recent excerpt from Jim Willie’s latest, who stated that if Deutche bank goes under, a full blown contagion is assured:
Judging from the ongoing defense from prosecution and cooperation (flipped) with Interpol and distraction of resources, the most likely bank to die next is Deutsche Bank. They are caught with accounting fraud and outright financial fraud over collateral shell games, pertaining to USTreasury Bonds, other sovereign bonds in Southern Europe, and OTC derivatives linked to FOREX currency contracts. D-Bank is a dead man walking.
The contagion that will hit is assured, since these three big banks are all interconnected, their positions intertwined, their fates tied like a common millstone around their necks. When they go down, and they will go down hard, the gaggle of Western financial firms (banks, investment banks, hedge funds, exchanges) will sink together into a sea of red ink, toxic swill, and more than a few orange jumpsuits. The legal route might be more likely a vanishing act, as hidden banker prisons have begun to be populated, very quietly, under extreme secrecy. Remember that since the great London gold drain last spring 2012, a new sheriff has been in town and hard at work. And he is taking bankers, mid-level bankers, the ones who know too much information, but who do not have the privileged high rank.
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EDITOR ALERT: Word came yesterday (August 17th, 2013) from a Central Europe bank source that Deutsche Bank is the object of a massive new investigation on money laundering. The lead is taken by the Financial Action Task Force (FATF). It is curtains for D-Bank, already under severe scrutiny for accounting fraud and grotesque lack of capitalization. By year end, numerous walls will cave in for the giant bank. The contagion will be horrendous and very dangerous for big Western banks.
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THE NEW EUROPEAN UNION BAIL-IN LAW WAS HURRIED THROUGH, BUT THE TEMPLATE WAS PREMEDITATED AND CLEAR. CONFISCATIONS WILL ENABLE WIDESPREAD POVERTY, THE HIDDEN GOAL. THE BAIL-IN PROCESS WILL IN NO WAY RESTORE SOLVENCY TO THE BANKS. BY SEPTEMBER, THE MOMENTUM OF COLLAPSING BANKS WILL BE MORE EXPLICIT AND STRONG. THE PRIME DEATH WATCH IS THE ENTIRE SPANISH BANKING SYSTEM, THE BIG SOCIETE GENERAL BANK IN FRANCE, AND THE ROYAL BANK OF SCOTLAND IN GREAT BRITAIN. $$$
The European Commission rushed its new bail-in law through the European Parliament at the beginning of August. When the United States returns from vacations after September 2nd, and when the German elections are completed on September 22nd, expect to see more rampant momentum in bank collapses. Some analysts believe the risk is high for premature bank failures during the idle final days of the August month, when desks are often not staffed fully. Be sure to know that despite nice sounding words about protecting shareholders and creditors, the depositors will see their accounts confiscated and ransacked. The key fascist motive is to inflict poverty, not to repair the banks and financial firms. MF-Global was not fixed, but rather dissolved.
The situation in Southern Europe does not improve. It worsens by the month. The Spanish bank exposure to Portuguese sovereign debt, as well as unrealized domestic losses on Spanish real estate loans, are two reasons a collapse is inevitable in the once proud nation. It is the land in focus, with horrendous unemployment over 25% to boot. Spanish bank exposure to Portugal is higher than French bank exposure was to Greece in early 2010. A restructuring of Portuguese sovereign debt like what was done by Greece, which involved writedowns of over 50%, would wreak havoc on Spain's banking system. Spain will collapse! All parties are delaying the inevitable, as writedowns on government debt and property debt are hitting quickly. The result is obviously going to cause bank failures.
No parties, whether finance ministers or regulators or bank officers, wish to start the bank failure chain reaction, as contagion is a certainty. The Slog judges the most worrisome potential casualty to be Deutsche Bank. The main point of contention is that the bank must absorb a monstrous hit on currency swaps. Last month Max Keiser described the bank as on suicide watch, and in June the FDIC vice chairman Thomas Hoenig called Deutsche Bank horribly undercapitalized. Another commonly mentioned bank in the troubled category is Societe Generale ofFrance. It will die a horrible death. However, the Slog favorite for Collapse of the Century in his words remains as Royal Bank of Scotland. It is the people's bank ofGreat Britain, with mortgage losses side by side with the lost wealth of home equity across its eternally cloud covered lands. See the Slog article (CLICK HERE)
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The European Commission rushed its new bail-in law through the European Parliament at the beginning of August. When the United States returns from vacations after September 2nd, and when the German elections are completed on September 22nd, expect to see more rampant momentum in bank collapses. Some analysts believe the risk is high for premature bank failures during the idle final days of the August month, when desks are often not staffed fully. Be sure to know that despite nice sounding words about protecting shareholders and creditors, the depositors will see their accounts confiscated and ransacked. The key fascist motive is to inflict poverty, not to repair the banks and financial firms. MF-Global was not fixed, but rather dissolved.
The situation in Southern Europe does not improve. It worsens by the month. The Spanish bank exposure to Portuguese sovereign debt, as well as unrealized domestic losses on Spanish real estate loans, are two reasons a collapse is inevitable in the once proud nation. It is the land in focus, with horrendous unemployment over 25% to boot. Spanish bank exposure to Portugal is higher than French bank exposure was to Greece in early 2010. A restructuring of Portuguese sovereign debt like what was done by Greece, which involved writedowns of over 50%, would wreak havoc on Spain's banking system. Spain will collapse! All parties are delaying the inevitable, as writedowns on government debt and property debt are hitting quickly. The result is obviously going to cause bank failures.
No parties, whether finance ministers or regulators or bank officers, wish to start the bank failure chain reaction, as contagion is a certainty. The Slog judges the most worrisome potential casualty to be Deutsche Bank. The main point of contention is that the bank must absorb a monstrous hit on currency swaps. Last month Max Keiser described the bank as on suicide watch, and in June the FDIC vice chairman Thomas Hoenig called Deutsche Bank horribly undercapitalized. Another commonly mentioned bank in the troubled category is Societe Generale ofFrance. It will die a horrible death. However, the Slog favorite for Collapse of the Century in his words remains as Royal Bank of Scotland. It is the people's bank ofGreat Britain, with mortgage losses side by side with the lost wealth of home equity across its eternally cloud covered lands. See the Slog article (CLICK HERE)
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DEUTSCHE BANK PROFIT UNEXPECTEDLY DECLINED ON LEGAL COSTS AND RESERVES SET ASIDE FOR FUTURE LEGAL SETTLEMENTS. THE BIGGEST BANK IN EUROPE PLANS TO REDUCE ITS BALANCE SHEET, IN A BIG MOVE TO SATISFY COMPLIANCE. THE DEUTSCHE BANK PROBLEMS STEM FROM MAGNIFICENT ACCOUNTING FRAUD, LINKED TO FOREX SWAPS TO CONCEAL SOVEREIGN DEBT. $$$
Deutsche Bank announced it will reduce its balance sheet by EUR 250 billion (=US$330 bn) so as to comply with stricter capital rules, in much the same manner as Barclays and UBS. DBank will liquidate some of its EUR 73 billion asset portfolio. It claims it will change its derivatives accounting, but offered little information on details. A proper derivative accounting would reveal a EUR 20 billion capital shortfall. The big European bank (biggest) announced 49% lower income for 2Q2013, coming in at EUR 334 million, a wide miss by half on expectations. The kicker was a massive increase in Loan Loss Reserves, to be tapped from anticipated legal settlements lined up on the court docket. Co-CEO Jain openly stated an expected acceleration of settlement costs in the coming quarters. The funds set aside at end Q2 were EUR 3 billion. That means EUR 5.4 billion in funds set aside in the last two quarters, just for awards in court cases, lawsuits, with penalties and fines, including potentially restitution of bond victims. The insolvency rumours surrounding Deutsche Bank are persistent, impressive, and from reliable corners. The bank faces daily death threats from implosion. See the Bloomberg article (CLICK HERE).
Deutsche Bank announced it will reduce its balance sheet by EUR 250 billion (=US$330 bn) so as to comply with stricter capital rules, in much the same manner as Barclays and UBS. DBank will liquidate some of its EUR 73 billion asset portfolio. It claims it will change its derivatives accounting, but offered little information on details. A proper derivative accounting would reveal a EUR 20 billion capital shortfall. The big European bank (biggest) announced 49% lower income for 2Q2013, coming in at EUR 334 million, a wide miss by half on expectations. The kicker was a massive increase in Loan Loss Reserves, to be tapped from anticipated legal settlements lined up on the court docket. Co-CEO Jain openly stated an expected acceleration of settlement costs in the coming quarters. The funds set aside at end Q2 were EUR 3 billion. That means EUR 5.4 billion in funds set aside in the last two quarters, just for awards in court cases, lawsuits, with penalties and fines, including potentially restitution of bond victims. The insolvency rumours surrounding Deutsche Bank are persistent, impressive, and from reliable corners. The bank faces daily death threats from implosion. See the Bloomberg article (CLICK HERE).