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Jim Willie: If Deutsche Bank Goes Under It Will be Lehman Times Five!
With Euro-zone banks showing renewed signs of crisis (Deutsche Bank deleveraging by a massive €425 billion over the past year- the fastest pace since the 2011 near-Euro collapse, and Barclays admitting a £12.8bn capital shortfall Tuesday) and fundamental indicators in the gold market screaming financial crisis (GOFO rates remain negative for nearly 20 days and massive inventory draw-downs at the COMEX & LBMA), The Doc spoke with Jim Willie Tuesday in an explosive MUST READ interview.
Willie, who recently stated that Deutche Bank is under major duress and could be the first major bank to collapse in the next stage of the banking crisis, informed The Doc that unlike the collapse of Lehman Brothers in 2008 which the Western Central banks were able to contain thanks to $13 T in bailout funds, a failure of Deutsche Bank would trigger a systemic banking contagion the likes of which the Western world has never seen.
Reposted with permission.
Lehman Bros did NOT ‘go bankrupt’ … they sent $400-Billion in depositor’s money to ISRAEL and declared bankruptcy FIVE DAYS LATER!
http://the-aed.com/YaBBSE/index.php?topic=375.0
Don’t buy into this latest round of diversionary POPPYCOCK!
Colonel Robert F. Cunningham
The Akurians
The public should be glad when it hears about another big bank going under. The depression was caused by the banks not going under and the public took the brunt of it. As banks go under more and more of us will be debt free. The banks represent debt not assets. The assets a bank has can be accessed by the public once they are done away with. Trillions of dollars in world assets are freed up each time a big bank goes under. The Basil III accords in conjunction with the OPPT and IUV are designed to redistribute this wealth worldwide. Of course no mention of this in the NWO Federal Reserve Rockefeller controlled media.