It still amazes me how naïve the population is when they hear that the largest bank in Europe is on the brink of bankruptcy and think, “Meh! It’s not my problem.”
Nothing could be further from the truth.
Deutsche Bank is down over 50% since the beginning of the year. And that’s only part of their problem.
They’re also under fire over their “involvement” in a massive money-laundering scandal.
A whistleblower revealed over $200 Billion (Euro’s) were illegally sent to three banks in the US with DBanks involvement.
And (again) that’s only part of their problem.
It was just announced that the FBI, SEC, and FinCEN are investigating another $150 Billion (Dollars) money laundering operation involving DBank.
Deutsche Bank is extremely vulnerable since it’s sitting on the largest exposure of derivatives ($47 TRILLION) in the world. When you add in their massive exposure to Italian debt (default coming soon) and the general mess in Germany from unwanted immigration, it’s not looking pretty.
Yet, most investors look at this as no big deal.
Haven’t you learned by now that all the major financial players are joined together in the largest counter-party risk in history?
The debt/derivative/counter-party risk is mathematically impossible for anyone to pay.
There’s simply not enough money in existence to cover the payments of these Financial Weapons of Mass Destruction.
The point is, when one giant falls the domino effect starts.
And it looks like Deutsche Bank will be the first to the slaughterhouse.
Don’t think for a moment that this won’t affect you…even if you aren’t in the markets.
Learn more about it (HERE).