Very few people know that Deutsche Bank in Germany is/was the largest bank in Europe. It was at one time close to being the largest bank in the world
Ironically, most people don’t care about them.
But YOU SHOULD.
DB at its peak (before the 2008 melt-down) was trading at $145 per share.
Today is $6.92 which means it’s worth about $0.047 cents on the dollar.
Everyone in the industry knows DB is bankrupt. But no one wants to talk about “What if…” they totally collapse.
The predictions of their looming bankruptcy aren’t just hype. Especially when you consider the IMF (International Monetary Fund) called DB the “most systemically dangerous bank” in the world in 2016.
Okay, so why?
DBs derivative exposure is estimated to be anywhere from $45-50 TRILLION dollars.
(With zeroes it looks like: $50,000,000,000,000.)
All of the financial organizations in the world don’t have enough capital to cover that amount. (And they’re not the only bank with $40+ TRILLION exposure to derivatives…Cough! JPMorgan, Cough! Citigroup, Cough! Cough! Bank of America).
Suffice it to say if DB goes belly-up, it will start a contagion (dominoes falling) that will spread throughout the banking industry like wild-fire.
You must understand one thing about the financial industry, everything is Connected…EVERYTHING!
So, instead of Mad Maxine Waters issuing subpoenas to Deutsche Bank, JPMorgan Chase, Bank of America and Citigroup, related to the President’s finances and/or Russian money laundering, maybe she should look closely at their balance sheets instead.
Who am I kidding?
The majority of Congress Critters are all part of the cover-up.
They don’t want the truth to be known that they’re in on the con (pun intended) about how the house of cards in the banking industry could collapse at any time.
When it does collapse, they’ll be the first to cry, “I’m Shocked I tell you…SHOCKED! Who could’ve foreseen this happening?”
Read: How to keep from being wiped out during the next banking crisis. (HERE)
You’ll thank us later.