Bail-In for Deutsche Bank
There is a very real possibility that Deutsche Bank is going down.
If the most prominent bank in Germany fails, the effect on Europe will be profound, and I don’t think the United States will escape the effects. The ripples will turn into a tsunami as they travel across the Atlantic. Already, the bank’s troubles have stressed the American stock market.
Angela Merkel has stated that Deutsche Bank will not be getting a bailout from the European Central Bank – the lender of last resort for European banks.
Myths, Misunderstandings and Outright lies about owning Gold. Are you at risk?
The Department of Justice recently issued a $14 billion fine to the bank to settle a mortgage-backed securities probe…and the bank has no intention of paying.
“Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited,” the company said in a statement early Friday in Frankfurt. “The negotiations are only just beginning. The bank expects that they will lead to an
It happened in Greece and Venezuela both, and it’s highly possible that we’re about to watch history repeat itself.
Will Germany become the next falling domino in the collapse of the Western world?
The lesson that we can take from this is that being prepared far in advance of a collapse is the wisest course of action. If you stock up on emergency food, water, and other vital supplies before the crowd, you’ll do so at better prices with better options. Last summer, our own government issued 2 warnings to the American people to get prepared, but very few people took it seriously.
Don’t wait until it’s too late.
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