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Thread: Another economic collapse article

  1. #1

    Default Another economic collapse article

    I don't like setting dates, but I am sure most here know it will happen sooner or later.... here's another one from Jim Willie. It's rather long, but his point is in the first minute and a half. I have been hearing it's going to happen next month for a few years now,, and this will (hopefully) pass as well. http://video.beforeitsnews.com/jim-w...bc0aef75e.html

  2. #2
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    Deutsche Bank in Germany is a big worry across the globe. It is Germany's largest bank and most think it is just about to go bankrupt. If it does it could easily cause a domino effect with other big banks in almost every country. Banks are a very weak link in the world economy chain. Their stock price went from about $52 to today's $12. The bank has trillions of dollars of exposure in the derivatives market.

    A Crashing Deutsche Bank Scrambles To Assure Markets That It Is "Fine"
    With Deutsche Bank stock plunging to fresh all time lows in early trading after Merkel reportedly ruled out state aid the embattled German lender, the bank found itself in the unenviable position of once again having to defend its balance sheet to avoid further stock price declines, especially as doubts mounted if the German government response was due to a pre-emptive request for aid. DB quickly tried to squash such speculation when a bank spokesman said that "CEO John Cryan at no point asked the German Chancellor for the government to intervene in the U.S. Justice Department's mortgages case."

    He added that Deutsche Bank will solve its problems without relying on help from Berlin, Germany's flagship lender said on Monday.

    The market remains unconvinced: shares in Germany's biggest bank hit a record low of 10.62 euros on Monday... .. with its default risk once again spiking.
    http://www.zerohedge.com/news/2016-0...arkets-it-fine

  3. #3

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    Remember our "Too big to fail" banks? Our government bailed them out. Perhaps we will see what would have happened if the government had NOT bailed them out!!!!!!!!!!!!

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    Other banks could have/would have picked up the slack for customers benefit. Just like this Azzinine Administration bailing out GM. Those that didn't take the handout of taxpayers $ could have done even better had someone bought out GM or it closed all together. F'ing BS for our Gvmnt to pick and choose businesses to give our tax $ too....
    "The First Gay President", L'dMAO!! "Peace can ONLY be achieved through SUPERIOR FIREPOWER, STOMPING LIBS and CARPETBOMBING"!!

  5. #5
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    in the bail out, the smaller community type banks had to pay double almost triple fed assesments for several years, to help bail out the chase ,wells fargo type banks, Now the small banks have been thrown into the same regulatory crap as the monster banks , making it Very hard on the small banks to stay in business, also pissing off customers because they have had to change the hometown type banking style to the same ton of paperwork make the feds happy, it doesn't matter if you have been our customer for 50 years, BS you find in monster banks. You can thank the dodd-frank act for this, and I understand there are hundreds of pages in that act that haven't even put into effect yet !!!! Trump wants to get rid of it , dems want to add More regulation .
    Last edited by jnr0104; 09-26-2016 at 01:34 PM.

  6. #6
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    Some of today's headlines................

    New Home Sales Tumble As Prices Hit 2-Year Lows

    Central Bank's Monetary Policy Risks "Tearing Up Social Fabric"

    Saudi Arabia Bails Out Banking System After Interbank Rates Hit 2009 Highs

    BofA Fined $12.5 Million For Creating At Least 15 Mini "Flash Crashes"

    US Bank Stocks Slide After New Fed Tests Suggest Need For "Significant Increase In Capital"

    The "Nightmare Scenario" For The Bank Of Japan Is Starting To Come True

    For Deutsche Bank, The News Just Keeps Getting Worse

    Deutsche Bank Tumbles

    Why Deutsche Bankís Shares Are at a Record Low:

    Deutsche Bank Slumps as Investors Question Lenderís Health

    Turkish Markets Plunge After Moody's Cuts Country's Rating to Junk

  7. #7
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    Not to worry.... You will never see the bullet that gets you...
    leave the gun... take the cannoli...

    In times of strength prepare for times of weakness...

  8. #8

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    Unless we stay awake 24 hours and watch the news,,, we will probably wake up one morning to find it has hit the fan.. and banks are already locked up and no ATM withdrawals,,

  9. #9
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    ^^^ Agreed

  10. #10
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    ^^^^And this is why we prep. You are a darned fool to not have some cash on hand, spare fuel, extra food, and an alternative form of light/heat. The banks close down, and it may as well be the same as the power shutting down.

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