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There Are Indications That A Major Financial Event In Germany Could Be Imminent

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Germany Euro Map - Public Domain
Is something about to happen in Germany that will shake the entire world?  According to disturbing new intel that I have received, a major financial event in Germany could be imminent.  Now when I say imminent, I do not mean to suggest that it will happen tomorrow.  But I do believe that we have entered a season of time when another “Lehman Brothers moment” may occur.  Most observers tend to regard Germany as the strong hub that is holding the rest of Europe together economically, but the truth is that serious trouble is brewing under the surface.  As I write this, the German DAX stock index is down close to 20 percent from the all-time high that was set back in April, and there are lots of signs of turmoil at Germany’s largest bank.  There are very few banks in the world that are more prestigious or more influential than Deutsche Bank, and it has been making headlines for all of the wrong reasons recently.

Just like we saw with Lehman Brothers, banks that are “too big to fail” don’t suddenly collapse overnight.  The truth is that there are always warning signs in advance if you look closely enough.

In early 2014, shares of Deutsche Bank were trading above 50 dollars a share.  Since that time, they have fallen by more than 40 percent, and they are now trading below 29 dollars a share.

It is common knowledge that the corporate culture at Deutsche Bank is deeply corrupt, and the bank has been exceedingly reckless in recent years.

If you are exceedingly reckless and you win all the time, that is okay.  Unfortunately for Deutsche Bank, they have increasingly been on the losing end of things.

Prior to the “sudden collapse” of Lehman Brothers on September 15th, 2008, there had been media reports of mass layoffs at the firm.  To give you just a couple of examples, CNBC reported on this on March 10th, 2008 and the New York Times reported on this on August 28th, 2008.

When big banks start getting into serious trouble, this is what they do.  They start getting rid of staff.  That is why the massive job cuts that Deutsche Bank just announced are so troubling

Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said on Monday.

That would bring the group’s workforce down to around 75,000 full-time positions under a reorganization being finalised by new Chief Executive John Cryan, who took control of Germany’s biggest bank in July with the promise to cut costs.

Cryan presented preliminary details of the plan to members of the supervisory board at the weekend. A spokesman for the bank declined comment.

Deutsche Bank has also been facing mounting legal troubles.  The following is a brief excerpt from a recent Zero Hedge article

The bank, which has paid out more than $9 billion over the past three years alone to settle legacy litigation, has become something of a poster child for corrupt corporate culture.

In April, Deutsche settled rate rigging charges with the DoJ for $2.5 billion (or about $25,474 per employee) and subsequently paid $55 million to the SEC (an agency that’s been run by former Deutsche Bank employees and their close associates for years) in connection with allegations it deliberately mismarked its crisis-era LSS book to the tune of at least $5 billion.

But it was out of the frying pan and into the fire so to speak, because early last month, the DoJ announced it would seek to extract a fresh round of MBS-related settlements from banks that knowingly packaged and sold shoddy CDOs in the lead up to the crisis. JP Morgan, Bank of America, and Citi settled MBS probes when the DoJ was operating under the incomparable (and we mean that in a derisive way) Eric Holder but now, emboldened by her pyrrhic victory over Wall Street’s FX manipulators, new Attorney General Loretta Lynch is set to go after Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings PLC, Royal Bank of Scotland Group PLC,UBS AG and Wells Fargo & Co.

Of course the legal troubles are just the tip of the iceberg of what has been going on over at Deutsche Bank over the past couple of years.  The following is a pretty good timeline of some of the major events that have hit Deutsche Bank since the beginning of last year.  It comes from a NotQuant article that was published back in June entitled “Is Deutsche Bank the next Lehman?“…

  • In April of 2014,  Deutsche Bank was forced to raise an additional 1.5 Billion of Tier 1 capital to support its capital structure.  Why?
  • 1 month later in May of 2014, the scramble for liquidity continued as DB announced the selling of 8 billion euros worth of stock – at up to a 30% discount.   Why again?  It was a move which raised eyebrows across the financial media.  The calm outward image of Deutsche Bank did not seem to reflect their rushed efforts to raise liquidity.  Something was decidedly rotten behind the curtain.
  • Fast forwarding to March of this year:   Deutsche Bank fails the banking industry’s “stress tests” and is given a stern warning to shore up it’s capital structure.
  • In April,  Deutsche Bank confirms its agreement to a joint settlement with the US and UK regarding the manipulation of LIBOR.   The bank is saddled with a massive $2.1 billion payment to the DOJ.  (Still, a small fraction of their winnings from the crime). 
  • In May,  one of Deutsche Bank’s CEOs, Anshu Jain is given an enormous amount of new authority by the board of directors.  We guess that this is a “crisis move”.  In times of crisis the power of the executive is often increased.
  • June 5:  Greece misses its payment to the IMF.   The risk of default across all of its debt is now considered acute.   This has massive implications for Deutsche Bank.
  • June 6/7:  (A Saturday/Sunday, and immediately following Greece’s missed payment to the IMF) Deutsche Bank’s two CEO’s announce their surprise departure from the company.  (Just one month after Jain is given his new expanded powers).   Anshu Jain will step down first at the end of June.  Jürgen Fitschen will step down next May.
  • June 9: S&P lowers the rating of Deutsche Bank to BBB+  Just three notches above “junk”.  (Incidentally,  BBB+ is even lower than Lehman’s downgrade – which preceded its collapse by just 3 months)

Are you starting to get the picture?  These are not signs of a healthy bank.

What makes things even worse is how recklessly Deutsche Bank has been behaving.  At one point, it was estimated that Deutsche Bank had a staggering 75 trillion dollars worth of exposure to derivatives.  Keep in mind that German GDP for an entire year is only about 4 trillion dollars.  So when Deutsche Bank finally collapses, there won’t be enough money in Europe (or anywhere else for that matter) to clean up the mess.  This is a perfect example of why I am constantly hammering on the danger of these “weapons of financial mass destruction”.

If Deutsche Bank were to totally collapse, it would be a financial disaster far worse than Lehman Brothers.  It would literally take down the entire European financial system and cause global financial panic on a scale that none of us have ever seen before.

On a personal note, I apologize for not posting anything last week.  I traveled to two very important conferences and was living out of a suitcase for about eight days.

There has been a bit of a lull in the action over the past couple of weeks, but I expect that to end very shortly.  I believe that the rest of 2015 is going to be incredibly chaotic, and we are going to see some things happen that most people could not even conceive of right now.

In the days that are directly ahead, I encourage people to keep a close eye on both Germany and Japan.

Big things are about to happen, and millions are about to be totally shaken out of their complacency.

  • Alwaystomorrow

    The Economic Collapse Blog Has Issued A RED ALERT For The Last Six Months Of 2015.

    Published 6/25/2015.

    101 days until 12/31/2015.

    Lets do a count down until the end of 2015 and see just what happens.

    ——————————————————————————

    By Michael S, on July 31st, 2015.

    “And I kind of appreciate the countdown. It reminds people of my warning, and perhaps it will give some readers a renewed sense of urgency.”

    • John Doe

      Alwaysatroll. Lol.

    • Horiboyable .

      Any day now and you will look like a fool.

    • leebo

      Anyone who takes offense to this countdown is an idiot

  • HM

    Somebody has got to be the first to fall. Let the games begin!

  • Americanism

    Ok, I give up. Last month September was the end of America month. Now October is the German month. You can only predict the down fall of 12 countries your running out of months. Maybe you should predict the down fall of a country for each day, I don’t know is there 365 countries? Of course you can have an extra country during leap year.

    • Ivan Abela

      True, but there is no denying the current events which are taking place globally. Such continuous negative events can lower investor confidence so much that they themselves become a self fulfilling prophecy.

    • none

      October is German fest. What a great way to start off the event!

      • October Fest happens in September..LOL..

        Its ok..Many don’t know what really goes on in Germany, they all believe the hype from media.

        Like I said…germany is one big hype….I was there and can’t believe..How hyped up that country is to the world.

    • smooze

      Won’t work, there’s only like 254 recognized countries or 260 something like that.

  • confused

    So not posts since September 11th and he posts an article like it’s just another ordinary day. I don’t get it.

    • GSOB

      What were you expecting….. and IOU?

  • Tim

    Nice to have you back, Michael.

  • Reader

    Good to be back, Michael. Learned anything urgent at those two conferences?

  • Jim(another Jim)

    Michael, glad to have you back. Hope you had a refreshing time. It is so nice to get away from it all and be surrounded by other followers of Christ. The trolls and naysayers have been miserable without new stuff to bash you on.

    • stingray

      Me too

    • GSOB

      Happiness is a big family….
      in another city.

    • SunnyFlaSnotress

      Michael was WRONG about the Greek deal. Michael was WRONG about widespread summer racial riots. It’s 3/4 thru September and there’s still no horrible stock market crash that Michael was portending.
      Michael is a Contrarian Indicator!

      • Jim(another Jim)

        Why are you here?

        • SunnyFlaSnotress

          To help others see the light, and a lot of the info is actually interesting on an up-to-date level.. However, interpretation and projection tend to get distorted.

      • GSOB

        Michael is right when he writes articles that convey the message that it is mathematically impossible to pay off the US debt.
        IMPOSSIBLE!
        I know this it true.
        U2
        Even with all it’s material wealth, American government needs reformed. That will come clearer as the digression continues. Its role and growth have been overstated and underestimated.
        The price to pay for it all is equally spread out to all.
        There is simply not enough people to tax and trees to cut down.

      • Salarino

        I see your point, but Michael seems to be more of an analyst than a prophet. It seems like he’s offering more of a “battlefield assessment” and possible second and third order effects of potential events than trying to speak the Gospel.

  • K

    I do not know about a lull. Maybe the action has just moved to another segment of the economy. Per zero hedge big boys moving into gold. Silver still difficult to get at the retail level. Also the gap between spot silver prices, and what it will cost you to actually buy some. That gap has started to get a little wider. Hope you had a great conference.

  • Sam

    And VW stock tanked today.. apparently, they were faking pollution tests for their diesel cars.. the news is reporting fines in the many billions.

  • 2K15

    And now the Fed really has no balls. Couldn’t even raise interest rates a quarter percent. A small fart and global economic collapse. That is what you get with funny money backed by nothing created out of thin air that is worthless. They’ll be lemmings jumping out of those fancy skyscrapers next.

    • Harbinger

      Lets not mock the Lemming, they may be stupid little rodents but they aren’t foolish.

  • LIZ THE SHIZ

    when the fed didn’t raise rates in their last meeting due to global concerns they must see something that scares the hell out of them

    • GSOB

      Protocol.

    • CharlesH

      I agree. Yellen said it was more global than anything else.

  • Guest

    John Titus just produced a new video that’s on YouTube. It’s called “Fed Audit Shocker: They Come from Planet Klepto.” Everyone should watch this. It’s shows that the Fed never had a plan to unwind its purchases of worthless MBS. Google it.

  • Dow 25K in 2016.

    I still have a bullish outlook. Once the unemployment rate drops below 5% expect the Dow to skyrocket.

    • Jim(another Jim)

      oh, you mean the manufactured number that the government lies through it’s teeth about

  • Dow 25K in 2016.

    I am just not buying into this economic collapse business. People have been predicting a collapse in 2009, 2010,2011,2012,2013,2014, and now 2015. What makes this year so special? I think the TBTB will do everything in their power to keep the system afloat. Which means financial stability across the globe will reign.

    • GSOB

      I doubt that. It’s not happening now.

    • Reader

      The collapse that started in 2008 now continues, but with an extra mountain of debt, derivatives and misallocations. Good luck.

      • K2

        The global economic collapse that started in 08 ended in 09/10. After that the economy picked up through debt or whatever. And now its in downturn again, not collapse. Global economy.

        But will there be a ‘collapse’ like in 08 this year? Stocks falling 20-30 % from their peak is not collapse…..notice the word ”peak”. Will there be a collapse like the one in 08, again this year?

    • Mike Smithy

      I am shocked that the banksters have been able to manipulate and arificially levitate stawks for as long as they have. I have no doubt that the Fed will initiate another round of QE. However, each subsequent round of QE has diminishing returns. Across the globe, central banks are in a perilous position and are running low on dry powder.

    • Common Man

      It is easy to look at the current situation day-to-day and say that everything will be fine. The truth is that Michael has been pointing out for some time that the underlying fundamentals of the economy are on shaky foundations, which any honest and rational observer must admit. I wouldn’t get too hung up on exactly when the collapse is going to happen (very likely this year, but maybe not a guarantee). The main point is that it will eventually happen, because even TPTB can’t deny the laws of physics forever.

    • DANA

      Not a date setter, but when the Fed can’t even raise interest rates .25 percent of a point because of economic fear, you know were in trouble.

  • VigilanteCaregiver

    For those new to banking – a synopsis of how it all works.

    Capital used to work by using a separate product as a medium; a go-between. This was an improvement on the older barter system. With this mediator product, all prices could be based on the amounts of one thing – stabilizing a marketplace. This medium is different throughout all ages and dispensations of mankind. In Republican Rome; it was gold, silver, and salt. In the Achaean League; it was mostly gold and wheat. In the Mayan Empire; rabbit skins.

    Today, all currency is based on two things: debt and trust. To keep the debts valued a bank that originally made a loan would sell that loan’s contract to an investor. Over time that investor would sell it off the debt to another investor and so on. It works similar to electricity – if it doesn’t flow; it doesn’t work.

    Like a power plant banks must keep capital flowing. The problem happens when the power plant no longer provides pressure and voltage to push the power along. Such an outage puts stress on the other power plants to increase voltage and amps to keep the system up. Problem is our banking system isn’t as backed up as our grids. Metaphorically, Banks under government regulations created too much power at low rates and folks were more than happy to leave their appliances on. It’s been going on for so long that if one power plant (bank) goes down the other plants cannot raise output to compensate. If the plants do try to increase output, the breakers will trip and it all goes down. If they keep going at speed there’s not enough to power all the appliances and factories, causing an eventual blackout anyway.

    Deutsche Bank is one of the largest banks in the world. They go down; the flow is severely interrupted. People want to keep it all going regardless, but the system isn’t capable of that. Blackout.

    • GSOB

      Good. Greece is leading the way back to bartering.

  • GSOB

    The US Federal government is going to shut down……..
    again.
    Raise the debt ceiling…
    Defund PPH and investigate.
    Re-open export -import bank.
    Always prepare for a crash landing.
    On the hill, since there is to much squabble, there is not enough time to avoid it.

    Trump is out, most likely.
    Hillary will win.

    B/t Carson Rand Paul….

    Rand Paul is the man for the GOP nom.
    .

    • GSOB

      Wishful thinking.

      Proverbs 16:9

      Isaiah 55:9

      • Gay Veteran

        parrot

    • Mike Smithy

      Although the USSA has more than it’s fair share low information voters, I just can’t fathom the idea that Hillary “Cankles” Clinton has a chance at winning. But then again, I never dreamed that President Zero would get a second term.

      • SunnyFlaSnotress

        While Whitey Guys do the majority of talking, they are actually now the voting minority.. and Trump ain’t charming the immigrants.

        • DANA

          Whitey Guys and Trump, or any politician for that matter, don’t need to charm anyone, they should just focus on economic and social reality. In the end, reality will get the last word anyway, and it doesn’t care who’s offended.

  • Itanimullikcuf

    It’s Germany’s fault. Taking almost one million of Muslim refugees in this year alone won’t help the “economy”.

    • GSOB

      Depends on who & how you take them in.

      • Itanimullikcuf

        By trains and into camps. A German way.

    • Yeah Yeah blame third world ignorant poor people, its always the Muslims or North Koreans.

      What has a Syrian Migrant got to do with Deutsche Bank playing Casino?

      Have you even been to Germany….??

      1. Its one HYPE…I was in Germany and was shocked how people live in Germany…Its all about paying bills for the German.

      2. 10% of germans control 90% of wealth in Germany just like America.

      3. Just like America. germany wants to save rest of the world, while ignoring its own problems

      • Itanimullikcuf

        Imagine how much money will cost to take care for almost one million of refugees and you have an answer. This will be the nail to the coffin for German economy.

    • Bruce Keller

      It’s doing okay. A shame a lion’s share went to things like loans for energy companies and other bad bets. Lots of people with payments due coming up… can’t just write all that off. The biggest banks won’t let it happen. Lots of other capital to seize at a substantial discount, like always.

  • Kim

    Welcome back!

    Interesting article. I plan to research this some more.

    Thansk

  • durango

    Since 2008 with zero interest the government have taken 40 per cent of my savings and given it to speculators. I will never be able to afford a house. I have lost 20 per cent of my superannuation in the last few months due to the stock market. Jobs have gone to emerging economies and wages have been reduced.

    Now always tomorrow says that he can’t see a problem on the horizon regarding the economy. When people are that stupid they deserve to be living on the streets imho.

    • Alwaystomorrow

      Test

      • durango

        Always tomorrow – my iPhone keeps correcting my spelling of your name.

        You only speak for yourself. I speak for tens of millions of people. And why should I have to be some kind of financial expert with an eye for detail to keep my savings intact and afford somewhere to live? Isn’t this what we pay the economists in charge of these matters to do for us?

        • Alwaystomorrow

          Test

        • Alwaystomorrow

          Test.

          • SunnyFlaSnotress

            I bought a Zinger, but I wish I got something that could be a MIFI hotspot. I paid like $30 or less though.

          • Alwaystomorrow

            Not to be confused with WIFI. 😉

          • SunnyFlaSnotress

            :) In time, I mean to tether myself away from the evil Cable empires w/MIFI, but at this time, Cable’s costs/speeds are still better. MIFI is gaining on them though. Maybe that’s why Cable tormented me so badly this move.. Terrible customer service.. Cable workers rival used car dealers.

          • durango

            So, say you scrimp and save and go without and you manage to save another $5000 a year. In that year the price of a home has gone up another $100,000 and the government have taken another $10,000 out of your account and given it to speculators, and you’ve lost another $10,000 from your superannuation. Get real always tomorrow. You are living in a fantasy land.

          • Alwaystomorrow

            Correction, I am not living in fantasy land, I am living in a house along with millions of other people. 😉

            You obviously have had some problems but you appear to certainly be smart enough to change a few things and attain some of the things you want.

            Success doesn’t have to be obtained during the first few tries.

          • durango

            Maybe you’d care to show us the maths of your theory always tomorrow. And what is your attitude to selling homes to foreign investors? Homes that are supposed to be held in trust for the next generation? Perhaps you could explain the moral thinking behind this?

          • Alwaystomorrow

            You are correct. Reading the obstacles you mention, no one will ever be able to buy a home.

          • algol2000

            When you scrimp, you are training yourself in the discipline of sacrifice. It pays off eventually, because you will be careful how you invest your hard-earned income.

        • natxlaw

          And why did some get brought to this country in chains? Because someone else wants to eat what you work for. They will use lies, scams, force, coercion, and worse to do that. If you want to be free and eat what you earn, you must be sober and vigilant. For your adversary roams about like a roaring lion seeking whom he may devour.

          • algol2000

            I agree with you. Many people want to be spoon-fed. They want “rights” without responsibility. This is the route to slavery. He who pays the piper dictates the tune.

          • Joe_Wazzzz

            Virtually all wealth accumulation is done by theft from the beginning of the rise of the primates up to and including today. But today, it is much subtler and deceitful and done in the form of taking advantage of someone’s lack of knowledge and lack of vigilance as much as their outright stupidity.

      • Harbinger

        Let me put this in the simplest of terms: I am a millionaire, yet I have nothing that you would consider to be of value because although you may be intelligent and have a plethora of knowledge, you lack wisdom and understanding. I truly hope you take the time to reflect on your values and realize that when you focus on the tree you miss the forest. In other words the closer you look the less you see. Sometimes you must close your eyes in order to see what you have been missing. Many blessings my friend.

        • John Doe

          I’m a billionaire.

          • Alwaystomorrow

            I have $25 that I borrowed.

          • natxlaw

            Can you spare a twenner?

          • chris12138

            Rothschild Trillionaire here.

          • Ricardo Galvan

            Reptilian Gazillionaire here.

          • Madamarcati

            What’s that actually mean anymore ?

        • SunnyFlaSnotress

          “And again I say to you, it is easier for a camel to go through the eye of a needle, than a rich man to enter into the kingdom of God.”

          • VigilanteCaregiver

            Now for context: The Eye of the Needle is not an actual sewing needle to squeeze someone through. The Eye of the Needle is an entryway to ancient Jerusalem. For a heavily laden animal to pass through it, the cargo needs unloading, the animal walked through, the cargo carried through by hand, then reloaded on the animal. Now imagine moving an entire caravan of animals through the gate!

            A rich man can enter heaven, but they must be willing to do the leg work like everyone else – however, they have a lot of baggage compared to the poor.

          • SunnyFlaSnotress

            Thank you for the interesting historical.

          • Arthur

            The idea of the eye of a needle referring to a gate is a myth. Jesus’ point is what it sounds like – it’s harder for the rich to get into heaven because of their attachments to their wealth. But he then says all things are possible with God.

            The context was the refusal of a wealthy potential convert to give his wealth to the poor like Jesus wanted.

          • Daystrom2012

            Couldn’t have said it any better. The rich young ruler went away dejected because his love was not for God, but for his money. Matthew 19:16-25

          • kjv

            Matthew 19 is just one of about 14 other ways that jesus said is the only way to heaven. So which one of the 14 or so will you follow?

            Seems like jesus made things up as he went along in the bible.

            Just like he stupidly cursed the fig tree cause he wanted some fruit and there was none. Almost like a mini christian temper tantrum.

          • GSOB

            Jesus could see into the hearts of men.
            He knows where the rub is with you too.
            Who do you say that He is?

          • Joe_Wazzzz

            The “love of money” is the root of all evil which is probably true no matter who said it.

          • GSOB

            Not true …’all evil’ is not caused by loving money. That’s obvious.
            Eve was not in love with money.
            Neither was Adam.

          • Schiepers

            Eve was in love with excess. The apple is money.

          • Madamarcati

            No, the apple is self-awareness.
            In eating the apple of knowledge Eve chose to possess a moral conscience.

            No end of trouble this has caused – so much easier to be brutally ignorant and live as if your actions have no life or death consequences for others.

            Usury banking as sub-humanity in action anyone ?

          • Joe_Wazzzz

            The love of money is the root of “most evil”. I don’t know, it just doesn’t have that ring, but if it makes you happy.

          • geo .

            The rich young ruler was a politician who refused to give up his ill gotten gains thru taxation.

          • VigilanteCaregiver

            The context was the wealthy man was willing to follow every commandment, but the one about supporting the poor tripped him up. Did so much right, but couldn’t bring himself to go the distance.

          • saul

            There is no commandment that says you have to support the poor in the bible.

          • VigilanteCaregiver

            Yes it does.

          • GSOB

            It really is about rich people not willing to be His disciples at any cost, because they love money. In the world, wealth is a measure of real success. But apart from Christ, he can do nothing.
            It was a test concerning the soul life, if it is loved more than Christ.

            All those who are of the faith will be tried and tested.

          • Joe_Wazzzz

            I think the interpretation of the gateway was probably made up later to recruit wealthy people or at least not exclude them. But it should be remembered that Nicodemus who claimed the body of Christ and had him laid in his tomb was a wealthy man. Still, most of the “wealthy” people I know of aren’t deserving of the heaven that Jesus spoke of but then again everything is supposedly up to God in the end.

          • GSOB

            …..When it was evening, there came a rich man from Arimathea, named Joseph, who himself had also become a disciple of Jesus. This man went to Pilate and asked for the body of Jesus. Then Pilate ordered it to be given to him. And Joseph took the body and …..

          • Joe_Wazzzz

            Nicodemus (/ˌnɪkəˈdiːməs/; Greek: Νικόδημος) is a Pharisee and a member of the Sanhedrin mentioned in the Gospel of John, most notable for assisting in the burial of Jesus. He is venerated as a Christian saint.

            But you are right about Joseph.

          • GSOB

            I mentioned Joseph because he’s rich….keeping in context with salvation and the rich.

          • snooze

            Wait a damn minute so jesus’ body did not get raptured away. WTH.

          • Mike

            That’s not true. The “eye of the needle” is in fact an eye of a needle. I heard that bogus interpretation from the phony bologna televangelists that that want you to purchase Jesus from them.

          • VigilanteCaregiver

            Depends on the evidence. Too many conflicting histories. The one I presented made the most sense.

          • KMH

            I love it! In Matthew 19 the children come to Jesus. You can just see them holding their arms up to have Jesus pick them up. He was telling the rich young man (read in context) – this is how to get in! No baggage claim – put your empty hands up to God and He will pick you up! Your explanation of taking the baggage off the camels is a great explanation!!! Jesus always spoke in multi-layers. Some are satisfied with the top layer. Others want to dig deeper for food! So rich!!!! Thank you!

        • Alwaystomorrow

          I find your comment somewhat confusing, I guess that is because I lack wisdom. 😉

          I am not broke either but I value my happiness more than my money and I am truly happy.

      • LIZ THE SHIZ

        thank you Jamie Dimon

      • harshmellow

        Hi Alwaystomorrow, would you mind elaborating on what type of investments you are referring to?: “I have all my investments in things not dependent on the stock market and have lost nothing.” I appreciate your outlook and up here in Canada the best rate I can find on a “high interest” savings account is 2%. This would only keep pace with inflation but there is definitely peace of mind with never seeing your balance go down no matter what the stock market does!

      • CASTIEL

        buying a house without a loan???? how??? selling a lot of dope during 10 years?or you have a very well paid job and make a lot of good moves and live in a small house and pay a rent……

    • Daystrom2012

      Lay not up for yourselves treasures upon earth,where moth and rust doth corrupt, and where thieves break through and steal:But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:For where your treasure is, there will your heart be also. Matthew 6:19-21

    • XSANDIEGOCA

      Don’t worry. Hillary will fix it.

      • pulltheweeds

        in your guts you know she’s nuts

        • XSANDIEGOCA

          Psychotic, bipolar,manic-depressive…you name it.

          • skylinechiliman

            The Sea Hag’s ship is going down. Don’t dare throw a life preserver

          • Annette Smith

            Remember to toss Bill in after her!

          • Orac4Prez

            A perfect Politician!

          • XSANDIEGOCA

            We might shrug it off but with 20 Trillions in Debt and 200 Trillions in unfunded liabilities, we are just this side of Greece.

          • Orac4Prez

            I’m in Australia, and I must say if I was in the US I would probably be pulling out my hair in despair. However, we can’t crow about anything – apart from our debt, we are tied to the MIGHTY Chinese economy,…. and its not looking that wonderful for anything we export.

            People have reported strange sounds sounds in the air. I think that’s our economy making that gurgling “toilet flushing” sound.

          • XSANDIEGOCA

            I know the Chinese are involved in huge mineral/commodity extraction in West Australia. Hear that is slowing down in a big way. America is a colony of China in all but name.

          • Orac4Prez

            And Australia is soon to be a provincial backwater. Companies are being encouraged to sack Australian workers and reemploy foreigners for lower pay by none other than the government. The Chinese have small factories in Australia so they can call products locally made and pay next to no tax, repatriating money home. Make something overseas, sew on a button and viola – Aussie made!

          • XSANDIEGOCA

            Same scams going on here. Ironic, is it not? Australia and America fall without a shot being fired!

          • HairyHerry

            And lest you forget the Elephant in the Room which nobody dare speaketh about, spare cleaning its poo. Derivatives have at least 700 trillion and are likely exceeding a quadrillion USD! That alone will take down the global economy as nothing was done after the ’08 financial crisis.

          • XSANDIEGOCA

            Corrct, Hairy. If those ever start unwinding it will be like an EMP on the entire financial system. Total meltdown.

          • Annette Smith

            I don’t “get” derivatives…maybe just not smart enough…why have they not taken it down yet?

          • Tom

            Atlas Shrugs

          • XSANDIEGOCA

            Indeed.

        • SunnyFlaSnotress

          She will win because she is competent. Resistance is futile. You will be assimilated.

          • Orange Jean

            Competent? Surely you jest!

          • Benjamin’s NutInMyYooHoo

            What a dolt.

        • SunnyFlaSnotress

          Hillary 2016! Yeahhhhhhhhhh!!!!!!!

        • Annette Smith

          LMBO! Love it!

    • DJohn1

      The reason you will never be able to afford a house is your lack of knowledge.
      I have maintained for years that savings is a thing you do to give you a nest egg and a fall back if things go wrong. With inflation it does not pay to save much money other than mentioned.

      For instance, if any of us had placed our money in the Swiss Currency around 1950, it would have increased in value about 3500%.
      Our currency averages a loss in value of 4.5% per year. Which is exactly how much real estate in the past has increased in value per year.
      Real Estate and other commodities are valued based on what they will bring in an open market place.
      We have had negative growth in the last 10 years at least.
      People walk away when there is no victory in sight.
      The market can only thrive if there are people willing and capable of buying.
      When your unemployment rate skyrockets then the entire system breaks down and so does the market value of commodities.
      I mentioned ignorance. There is no shame in not knowing facts. The shame is not correcting that situation.
      For instance, many states have a program in which someone can loan the money to pay the taxes on a property at roughly 12% interest(varies from place to place). IF the taxes are not repaid to the loaning party within two years then the state issues clear title to the property to the loaning party.
      That means you own it free and clear for 2 years worth of taxes if I understand the government program right.
      That means a 50,000 dollar home can be bought for two years worth of taxes. Very few people even know about the program.
      In Ohio, that would be a house bought for approximately 2,500 dollars.
      There are many, many ways to make money without doing much work for it. It is called the professional class of people.
      There is absolutely no work ethic in the professional class of this country. But there is knowledge on how to make money without working for it.
      In 1968, I bought a house for 13,900 dollars. Nothing down, $50 closing costs. Try doing that today!
      The lawyer fees for a title search alone can be over a thousand dollars. Now the banks insist on you insuring the lawyer’s results. Called Title Insurance.
      The closing costs are often as much as 5% of the loan.
      By the way, the lawyer sends a clerk to do the work at close to minimum wage. That is why the search is a joke.
      I have no interest in anything more than being able to pay what bills I have. I am 73, I have a real estate license I will never again use.
      Time is much more valuable. Time to do what I want with what is left of my life. Every day people in my age bracket are in the obits and have been for years. That is why Social Security has worked. Now we live too long. Believe me they will solve that problem shortly.
      Every decade of life, the statistics tell a grim story on all of us. That is rich, poor, and in between.
      I council my children to find an occupation they love to do. Because 1/3rd of your life is spent earning a living one way or another.
      Most of us will die broke financially because of the way our medical thieves operate.
      They also are professional thieves.
      If you have to work for a living, work smart, not hard.

    • kenfrombayside

      I was laid off at the end of July. The company believed thay could do better by paying workers in The Phillippines $2/hr. I’m now on Obamacare and $300/week in UI. Who would want to hire a 50 something year old man. The vast majority of enterprises do not want me.

  • CharlesH

    Michael – Welcome back – really!! I hope you had a great time at your conferences. I’m an avid reader of your blog and I felt I was literally holding my breath the whole time since your last article – I can breath a bit easier. Your articles are the only truth that I get anymore so even when it’s bad news at least I know it’s the truth. I appreciate all your hard work. Thanks for all you do.

  • Tim Dalby

    Big things are certainly going to happen in Australia. The stock market has lost 20% in a few months, the $A keeps declining and businesses are collapsing. The latest to collapse is a construction company here in Adelaide with sub-contractors out of pocket of $20 million.

    • SunnyFlaSnotress

      Apparently, China’s drop is having a big influence, particularly in the housing/construction area.

      • XSANDIEGOCA

        Mineral extraction as well.

  • Harbinger

    It’s really just another piece of the puzzle. There are so many things going on right now that if you take all the imperical evidence and apply common sense, you can see we are approaching the abyss. Heck you don’t even need common sense. No worries the Pope is going to address our nation and the POTUS is going to reassure us that everything is great and that things couldn’t be better but, here on planet earth where the majority of us reside, we know better.

  • wes

    Why isn’t the nikkei 225 open this week?

    • Mike Smithy

      That’s a good question. I wish I knew the answer.

      • wes

        Seems suspicious to me

        • Mike Smithy

          By just randomly and inexplicably closing the Nikkei, Abe can honestly admit that the Nikkei hasn’t gone down in value this week. I wonder if you and I are the only persons in the world that have noticed it?

          • wes

            I know. I have tried to bring it to peoples attention but people are mostly clueless even when you smack them in the face with facts. We live in a strange world

          • wes

            Notice it didnt open again?

    • GoldenGirl

      It was closed for Respect of the Aged Day, or so I’ve heard.

      • wes

        Doesnt sound like a holiday important enough to shut down stocks for 2 days.

        • GoldenGirl

          I guess they do things do things differently in Japan. :)

        • GoldenGirl

          Public holiday. Third Monday in September.

    • Horiboyable .

      Public Holiday today

  • SunnyFlaSnotress

    Did anyone here actually GO to the seminar? I tried to find a video to see the multitudes in the audience, but I didn’t have luck finding the link.

    • Alwaystomorrow

      Yes. I went and it was absolutly fantastic.

      Just kidding. I didn`t go. Surprised?

      • SunnyFlaSnotress

        I’ve always dreamed of going to Idaho.. :)

        • Alwaystomorrow

          I went to Provo Orem area 25 years ago and it was beautiful, from what I remember.

          • SunnyFlaSnotress

            You know, actually I HAVE been to Idaho.. it’s a little bit of a vague memory, I was doing a western coast trip. I vaguely remember some food establishment in Boise.

  • Ben

    I doub it. Germany is a major global economic power. All of these economic collapse wet fantasies haven’t materialized. The world markets have survived and will rebound.

    • Germany is hyped…I was in Germany…They don’t need migrants to destroy it….The wealth of germany is all fake like Americas…10% of germans controls 90% of its economy while ordinary german struggles to pay his bills.

      In germany its all about paying your BILLS on time…

      • barry oldwater

        Do they float an extravagant lifestyle on credit card purchases like they do here in the states?

    • loadnup

      Ah, I don’t think so…. In fact, I am 99.99999% positive that THE financial collapse we have all been waiting for is going to happen this week while the Pope is in the good ole us of a….. you probably think this is hyperbole but it’s not…. act accordingly ’cause it really is going down in the next five days….

      • Alwaystomorrow

        The next 5 days? I hope some moron doesn’t start a count down on this.

        I am 100% sure I do not believe a financial collapse will happen this week.

        • itsthefinalcountdown

          Alwaystomorrow is absolutely sure there will be no financial collapse in the next 5 days.

          Published 9/22/2015.
          5 days until 9/26/2015.

        • GSOB

          Some day I’ll be leaving
          But I just can’t stop believing that its not

          today.

        • loadnup

          I am not back peddling one iota but I said a week and a week is 7 days not 5….
          Also, I see where you are 100% sure a financial collapse will not happen this week…. It is good to be sure…

      • finalcountdown

        Loadnup has issued a financial collapse warning for the next 5 days.

        Published 9/22/2015.
        5 days until 9/26/2015.

        • loadnup

          Can’t say what day it will happen but I can add and since he is here until the 28th, I wouldn’t cut that window down to 5 days… I said while the Pope is in the USA and I meant it…

          • Reality

            he leaves Sunday….NOTHING will happen.

      • sonofgary

        what does the pope have to do with anything…sigh…

    • Ben

      More Shemitah madness? No doubt this was the same crowd that promote Dec. 21, 2012 Mayan madness as well. No thanks. There is not going to be a global economic apocalypse.

      • Observer

        It don’t ends here, supposedly a big satanic ritual is to occur on 23th september, I wonder how the author can believe in such stupid predictions

        • fathertime

          Observer has issued a warning that a big satanic ritual is about to occur on September 23rd.

          One day until the ritual commences.

          • Observer

            Hahah congratulations you just made a joke of yourself

          • pulltheweeds

            on hump day ?
            good grief

    • jox

      So is Japan, and EU, and USA. But the financial system is going to destroy everything. In fact it’s already happening, if you look at it carefully.

  • Richard T.

    David Wilkerson noted in his vision from 1973 about the coming collapse saying that he saw the economic collapse will start in Europe, in Germany, spread to Japan then to the US and the world.

    • GoldenGirl

      It is a sovereign debt crisis. This is exactly how it is unfolding.

  • max gon

    Here we go again with more fearmongering BS.

  • The Deanster

    Hi
    does anyone know the extent of Deutche Banks exposure to good ol safe VW Bonds, stock or loans outstanding to vw?

  • Micheal…I think you are fronting an AI ..How do you know this now to pick on Germany…:) ….I’m a hardcore “Conspiracy theorist” who lives on moms basement and I do research like 14 hours a day and it takes me so freaking long to reach at a conclusion.

    Yes. It is Germany. The trouble will start from Germany first as people are seeing with Migrant Crisis with Germany welcoming them all.

    The exact place the FORCE has awakened is Germany…I was there when this event happened…..No wonder, they titled the new Star Wars movie as The FORCE AWAKENS….

    Keep an eye on Germany…This is where it all begins before it reaches America and rest of the world.

  • The Deanster

    oops, Greek loans, VW Loans, tipping point approaching for Germany Banks, last one out shut off the lights !

  • Al

    I notice that none even mentioned that Japan had its credit Rating slashed to A-, why is this important? the JPY is the US$ in Drag – and also noticed that none mentioned that Last Night BOJ advised that they are going to print money even harder! – why is this important?
    the reason both of these are important – is that JAPAN is flat Stoney broke! Let that sink in – yes “BROKE”
    It is not that Michael has been lying or anything, what he has been saying is “HEY FOLKS” here’s the latest – do some research, help yourselves, help your family, and help your community.
    if you don’t think that these 2 things in Japan have a direct correlation to your everyday life, “AS OF NOW” then you really should not be interested in the Financial world at all. You have until Friday and it all comes crashing down!! Good Luck.

  • Phil from Germany

    Here in Germany we have a new problem that is consuming local resources to breaking point, infact some communities have been broken. The refugee problem, mainly from North Africa, alot of Balkan Countries as well. They all have to be fed, housed, given what they need to live, Problem is most will need that help for life here.

    • Reader

      The more you give, the more they come to you.

      • Phil from Germany

        Quite right, and thats why immigration laws here are going to be tightend up really quick

        • DANA

          Or the economies of the West will eventually collapse, and then guess what, no money left, or as the old saying goes, “you can’t get blood from a stone”. When all of the evil ideas coming from the left play out to their logical conclusion, it’s going to get ugly.

    • XSANDIEGOCA

      What is the report from the ground, Phil? My understanding is the intake centers are overwhelmed, women getting raped left and right. What is happening?

      • Phil from Germany

        Whats happening is beyond belief. Yes the centers are overwhelmed, any sportshall is bieng used as accomodation, tent cities are all over the place. The Police cant cope with the extra work, schools are swamped with non German speaking children. There have been a few issues with violence , but not many. No there havnt been any serious crimes like rape. And they just keep coming. Resentment is showing quite strongly here, there are enough homeless Germans, why dont they come first ?

        • XSANDIEGOCA

          Same problem here with Mexicans. Are German Officials more concerned with the “new arrivals” than the natives? That’s the problem here.

          • Phil from Germany

            Oh yes , no doubt about it. However, you probably dont have as many Mexicans as we have North Africans . Over 1 million allegedly trying to get here. Who is going to pay for that ?, we’re taxed almost to the point where its not worth working. More tax has got to come

          • jakartaman

            Its all been planned by our Muslim president.
            Its the islamification of Europe without a shot!! North America will be next

          • GSOB

            The POTUS asserts that he is Christian.
            How about that?

          • Gay Veteran

            our European vassals should blame themselves for helping the neo-cons destabilize north Africa and the Middle East

          • TtT Engine

            JUST SAY NO to NWO. World governance, one/multiple elite ruling class and peasantry for the rest. Pope Francis the Leftist Vicar of Climate is paving the way for this and possibly the death of Christianity.

          • old fart

            Remember when east Germany was united, It was a financial disaster for several years and those was Germans, Imagine what is going to happen when the Arabs take over the welfare system as most of the immigrants are poorly educated and indocrenated into Islam where the women do not work just produce children and the men are all clannish and do not interact with the German people or buisnesses along with different religious beliefs.

          • Phil from Germany

            When Germany was reunited , tax went up like a rocket. Sadly you are 100 % correct, the Arab speaking world has crashed a few major towns already. We just cant pay the bill for hundreds of thousands of Muslims. Yes the education standard leaves most of them unemployed. Change in German law, if it doesnt come soon, going to get ugly here

          • fwalker15

            Poorly educated? Roflmao 67% have post graduate college degrees while in USA 67% don’t even complete high school.

          • XSANDIEGOCA

            I believe you, brother. You are welcome over here.

          • Gay Veteran

            I’d be a bit sympathetic to Europe’s problems IF they didn’t help our neo-cons destabilize north Africa and the Middle East

          • Orange Jean

            The estimates on illegal Mexicans here I’ve seen as large as 30 million, but no one will ever know for sure!

          • Orange Jean

            I was just going to say the same thing! However, I find that in the US unless you live or have lived on the southern border… most people do not “get” it.

            Moving from Boston to Orange County in 1989… and living a total of 7 yrs in Orange and San Diego Counties … changed me from being a liberal, to being conservative… mostly because of what I observed of the problems with illegal immigration.

          • XSANDIEGOCA

            Everyday I see the same thing and I suppose you do to. A “mama”, pregnant, pushing a stroller with a bambino and 2 or 3 ninos walking alongside. This is in the middle of the workday. How do they do it? You know how they do it.

          • You should be thankful they know what to do in bed, unlike the rest whose birthrate is way below replacement. And think, all those bambinos to fight Yankee wars with (check out Latino death % in Vietnam) or work for low wages!

          • XSANDIEGOCA

            True. Plenty of candidates to mow my lawn and caddy my golf bag.

        • CASTIEL

          I think hitler probably in hell is very pissed of with this situation….:) Why the germans and other europeans countries do not act like Hungary?Just shoot these desert monkeys on sight….eventualy the survivers will return to the sand…..and they stop coming..

    • Gay Veteran

      America’s European vassals helped destabilize north Africa and the Middle East, and now you get refugees

  • Observer

    So michael, where is your so called economic chaos in september

    • itscoming

      Check the stock futures right now and look at the European markets.

    • G21

      Where’s your so-called “observation”? Dow down over 700 since Fed meeting.

      • Observer

        If dow down by 700 pts means an economic collapse for you, then i don’t know what to tell you

  • Steve Hansen

    A lot of stuff can and will happen, but so far so good. From my side business is good, income is good and it don’t look bad going forward either.

    I’m pretty sure that this Shemitah stuff is just nothing. September 23 is gonna be “just another day”. Some people just love to believe in such things.

    But I do agree with Michael that Deutche Bank is probably in a very bad shape. If this bank goes under its not gonna be an easy problem to solve..! Somebody is gonna get haircuts…

  • axinosp PAN

    VW Sets Aside $7.3 Billion to Pay for Emissions Crisis

  • Horiboyable .

    The CEO issues are the Canary in the coalmine for me. I worked for a public company where it was announced that a new CEO was taking over and he was buying millions of shares. One week later it was announced that he had resigned and was not buying any shares after all….. three months later the company had filed for bankruptcy. My suspicions increased when I read how many staff they were being laid off.
    The signs are always there if you are looking and do not ignore reality.

  • Mad Monkey

    Yeah, just checked stocks DAX down -2.6% 22_Sept
    Read an article last week, Deutsche Bank is pulling out of Russia, they have a lot of exposure to Russian investment that are going bad. No liquidity and negative interest rates in Europe – can’t see how the bank survives.
    Like in the US most of their big cities in Germany are broke and cant afford welfare and pensions.

  • Horiboyable .

    Many of Germans Municipality’s are broke.

    • Phil from Germany

      Broke beyond repair, and we are talking States , not towns

  • XSANDIEGOCA

    Not to mention the enormous upheaval of the arrival of the immigrants.

  • mister_roboto

    Hey, it’s your website, and if you have “IRL” stuff you want to prioritize, I don’t think you need to apologize for anything. :-)

    • J.L.W

      Agreed. We’re all on the same page here. We all know it’s going down and I’m sure you would have found a way if the DOW plunged 12%!

  • jox

    Is Spain, even with all the QE money injected to stock markets, today the IBEX is fighting with a critical level of support. And nobody knows why! All the professionals and analysts are wondering the real reasons.

  • Michèle Boireau

    One of the major events could be the crash of Wolkswagen with the 18 000 dollar fine imposed on them by the USA ,just like the other US fines (or ransoms ?) imposed by the US Treasure on quite a lot of foreign firms such as French banks BNP, Société Générale, etc …as the new easy way of filling the US Treasure’s empty safes .

    • Michèle Boireau

      sorry, I have to correct the sum : it is 18 billion dollars, of course .

  • klug

    Yes and the Greek crisis was going to impact US stocks. NOT. This is just more bs.

  • JailBanksters

    How many times have “experts” predicted the Duche’s bankruptcy in the past 10 years. They’ve been close several times and nearly as many times as there are years. The usual trick that works when you can’t pay yours bills, is to loan money to somebody else already bankrupt. I think they’re running out of countries to steal from, or is that loan.

  • cozieluv

    Having studied the first great depression and done what I could to build a hedge around my family, now I can just sit and watch . .

  • Abdul Nazar

    imbalance

  • HeyAHuman

    The Dow closed 125 pts up yesterday, and is currently down 276 pts today. The volatile ride continues…

  • DJohn1

    Both Japan and Germany made their money on the backs of American Middle Class people that were fed up with an automobile industry designed to have junk as cars within 5 years of purchasing them.
    Most purchases are with car loans at a local bank or credit union.
    The real problem with our system is it was designed to be isolationist originally. We did not always compete on a world stage.
    We put out anti-competitive laws. Sherman Anti-trust only works if you protect your local workers with tariffs so that the competition in foreign countries do not outclass us.
    Every other country allows the various countries to get together to make new products without government interference and often with government money to do so.
    Well the show is over. GM, Ford, and Chrysler are infamous for designing poor working cars. Everyone knows it. The Japs put together the Toyota line. Then they screwed it up with other lines that followed the American pattern of poor engineering and workmanship.
    The Germans put together Volkswagen.
    There is an inequality in the currencies. Right now it was adjusted with China. Next is Japan. After that possibly Germany.
    There is a pattern to all of this. The economics systems they are using are faulty. Eventually it comes back and they go bankrupt.
    The idea is if you are big enough you cannot fail without so dire a circumstance it takes the entire system down.
    The banks as they are set up today are dinosaurs waiting for extinction. It is coming.

  • Musivick

    “And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.”
    “…With men this is impossible; but with God all things are possible.”
    A pinhole camera will accomplish the task of putting a camel through an eye-of-a-needle…and Jesus told them cryptically that science was the Key
    as for the Kingdom of God..it ain’t meaning the spiritual heaven but rather the Millennial Kingdom to be set up on Earth at the 2nd coming

    • GSOB

      LOLOLOL

  • Remember it was David Wilkerson who’s prophetic dreams/visions in which he said the collapse would start In Germany. Maybe he will be right on the money after all. http://www.iplantosurvive.info

  • rat28

    There is also rumor that HSBC has huge loss in the recent China markets rout that could cripple HSBC.

  • kluud

    He’s not your boyfriend.

  • Pete

    If you throw up enough of doom-and-gloom predictions, some day one might come true … I suppose.

  • grumpyhillbilly

    Too big to fail, always seems to fail. Wonder how much George Soros will make off the collapse?

  • Alleged Comment

    Yeah, when banks have massive layoffs, massive illegal immigration and a women leader – not a good sign.

    We in America have a women chair Fed and a negro usurper leading US.

    He in turning is putting in women and sodomites in control. People with no balls.

    • Gay Veteran

      I’ve got some balls for you junior

  • Gay Veteran

    hmmmmm, sounds like you need to march down to your local army recruiting center and sign up to fight them islamofascists

    • TtT Engine

      Many are called and few are chosen. How you vote and how you live your daily life is also “serving our country”. If/when the Islamo-Fascists come, I am ready. Be proud of your service to America. Do not lord it over others that have never served in the military.

      • Gay Veteran

        gee, wonder why the Iranians hate the U.S. government? does it have anything to do with our overthrow of their democratically elected government in the 1950s and the imposition of the tyrant Shah?

        proud of my service? why would I be proud of being a cog in the imperial war machine?

  • fwalker15

    Absolutely the greatest capital markets related comedy act available on the entire worldwide web. Thank you for the many great laughs. :)

    • Matt

      Says the guy who knows zero about how economics and finances really work. You are the one who is comical. Gotta love them trolls! Just don’t feed the trolls!!!

      • fwalker15

        Meanwhile you’ve been proven a ridiculous liar on multiple occasions both here and on the CNBC blogs. Everyone can read as your nonsense is continuously debunked.

        • Matt

          Lmao. I love how the trolls try to bait people. You know that saying, “he who argues with an idiot”… Oh well you probably don’t understand that one either.

          • fwalker15

            Looks like once again you’ve proven how foolish you are roflmao

  • ICFubar

    Yes something may be brewing. It may in fact involve huge numbers and may in fact require huge numbers to paper over…..next,

  • CASTIEL

    Germany have the UE in their knees….If germany goes down the entire UE collapse….but i dont believe germany will collapse in that way beacuse they gain or rob millions of euros from the countries of south like greece spain portugal etc…..Those are the countries that are going to make very big damage to the UE…..the austerity is the most supid thing to do to a country with a very fragile economy and a way to gain interests from the loans..When they collapse…… then germany will bite their own ass….i think just in that situation they will have a lot of problems.

  • fwalker15

    Djia up 155+ manana.

    • HeyAHuman

      Lol, cool story bro!

  • Steeve Girard

    Ok, I’m gonna have a Michael C. Rupert moment here… Ahem! (clearing my throat). Let it fall! For all I care… That will end my nightmare and will start their nightmare. I do not care if I cannot buy my meal tomorrow, I will find my next meal, and I do not care how it tastes, as long as it’s edible.

  • alan

    Since the collapse started back in 2008 they simply paper over everything. Seems to work fine so far, 7 years now. I am sure there is no limit to paper as far as I know, so let er rip!

    • Donald Wilson

      This game of cards can go on fora number of years if all the players are in on the big scam. The PTB will collapse the economy when they are good ready. When all the central banks and the politicos are in on the scam as well.

  • dlewenz

    After reading all of the articles regarding Deutsche Bank. Last 90 days. The world is about to go into a massive financial implosion! What is going to make this one the BIG ONE, it the inner-connection of Credit Suisse and Citi Bank with Deutsche
    Bank. You can already tell smart money is diving out of DB stock which will be worthless and most recently has traded down 3% yesterday.

  • Das Auto Die Dezeption…

    In order to fuuel the fire pls add one more scandal the last regarding smart software for deceiving authorities worldwide for the pollution submission tests..
    What a shame..they claim that germans are the best in everything like a clock bla bla bla.
    They are no bick crocks than world average…Like FIFA welcome to normal world..the important is what goes to the pockets…tehir pockets…

  • Gay Veteran

    Colin Powell was a lackey for the neo-cons who wanted a war of aggression against Iraq

  • Tom

    It’s just not a coincidence that VW is being attacked. German businesses will be punished for wanting to have business with Russia. The bankers are teaching them a lesson.

  • André

    And now the VW drama, which will also hit the DB!

  • O’ChiefHusseinChimp

    what crap, yanks are so full of it, hope Putin smashes you to pieces

    • HeyAHuman

      Are you in Europe?

      • O’ChiefHusseinChimp

        I’m in China, your new Masters

        • HeyAHuman

          Lol, I don’t envy you one bit. When the SHTF, it’ll happen globally… don’t foolishly think you’ll be on easy street. At least I’m able to keep firearms and plenty of ammo… not to mention land on which to grow food. Best wishes!

  • ddduke

    Here in Europe the media is focused on the VW jiggered emissions scandal. It is receiving disproportionate to its significance news coverage. A distraction no doubt. No mention of storm clouds gathering over Deutsche bank.

  • Six000MileYear

    History blames a specific event for a collapse instead of looking at broad data as a system. Banks took on huge risks when society was in a positive mood, and those risks are not generating the necessary rewards now that social mood has shifted to the negative.

  • John Atkins

    I look forward to 2030 and beyond.

  • roberto masetti

    I’m Italian but live in Brazil, work in Italy and in Brazil too, there is confusion on the economical situation, what’s better to do ?

  • Mrowen williams

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