I was watching a video made by an Irish economist who raises something very interesting (and unnerving). He points out that the Deutsche Bank is one of the major pillars on which the German economy stands and whose health and success is therefore also vitally important to European and world economies. He notes that the bank's share price has fallen 75% in the last five years and 27% in the last 12 months. All bank share prices have suffered since the 2008 crisis but there has been no sign of recovery for Deutsche Bank whose shares were for years regarded as a mainstay for pension and investment funds the world over. The share price reflects a history of poor investment and business decisions and a consequent fall in confidence which shows no sign of abating. The Irish economist's thesis is that the bank is only one major bad decision away from failing completely and bringing the economies of Germany, Europe and the world with it. Within the last few days it has become known that the bank is subject to a major enquiry into massive money laundering allegations and has also within the last few days warned of the likelihood of shedding 20,000 jobs worldwide. The economist says that, if it fails, it will make Lehmann brothers 2008 failure and the consequent fall-out look like a tea party. The fact that few economists or governments are drawing attention to this situation arises apparently from a fear of precipitating the bank's end and the dramatic consequences which would probably arise from it.
Dr Dave Janda believes that for years we've had smoke and mirrors disguising how precarious it is. He is convinced Trump is carefully managing it to let it down easy in US and globally before resetting it on a more firm foundation. Janda spent a lot of time in Washington, a devout Christian, smart guy. You can find him on you tube.
I figured the world-wide financial collapse would be engineered to bring in the one world currency...
I fear, AED, that with $20 trillion in USA debt, there is no well-meaning President that can do much once the bubble is popped. Since Nixon removed us completely from the gold standard, the primary reason we've survived as long as we have is because the US currency has remained the reserve currency for the world. If Deutchse Bank folds then Germany will no longer be able to purchase dollars to trade on the international market. That will cause an inflationary spike on our end that might very well capsize the Dollar. Once the Dollar folds, the world economy folds. Lord have mercy! Safe in the Refuge of the Immaculate Heart!
https://www.theamericanconservative.com/articles/when-deutsche-banks-crisis-becomes-our-crisis/ Safe in the Refuge of the Immaculata!
We have been teetering on the brink for a longtime -- I am surprised the phoney banking sysem has survived for so long.
Ireland has €205bn 'mountain of debt', committee hears https://www.rte.ie/news/politics/2019/0704/1060035-national-debt/
The Financial collapse is the 3rd thing in line. Based on several credible prophecies, here is how it all unravels: Great Schism in the Church Global nuclear war (short and very deadly) Global economic collapse Global natural disasters Global one world Government Man of Sin Era of Peace My feeling is, it will all start to unravel very quickly this fall. Hillary Clinton, along with Obama are hitch pins to the globalist agenda and they are not going down without a fight when US Attorney General Barr's report on the deep state comes out late this summer, early fall. The globalists have all their plans in place at this time and are ready to wage hell on earth, sense that is what it will take for the one world government to take hold. China and Russia will lead this Marxist plan along with several smaller countries. Its an agenda been planned for decades by man and for thousands of years by the devil himself.
the financial system has been in ruins for decades . . .something else for people to shout the sky is falling!
Uncertainty for Irish workers as Deutsche Bank to slash 18,000 jobs worldwide https://jrnl.ie/4715004
