CONTAGION: Is The NEXT Financial Crisis Now Upon Us? By Gregory Mannarino
(VIDEO).
Gregory Mannarino
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BAM!!!....:)...
Sterling must be getting hit hard today, but on a positive note gold is doing well. Cheers mike
Thanks again, Gregory. Interesting, whats going on in the banks. BYOCB
Greg, Great Post. Your are one of the few voices stating the truth that the Banks are Insolvent. For over a year I been emailing Money Managers warning them of the coming financial collapse. I ask them this question.
Why is Deutsche Bank's real value -480 Billion, yet it still exists ?
Answer:
Deutsche Bank's insolvency issues started with the acquisition of Bankers Trusts in November 1998. Bankers Trust Company was created in March 23rd, 1903 by JP Morgan. Bankers Trust was one of the Banks used to help created the Federal Reserve Banking System. There has always been a close relationship between BT and the Federal Reserve and during the 1980's-1990's Bankers Trust was know as the Fed's Bank. Bankers Trust was a clearing house for US Treasury's and Credit Swaps. BT also had a large Derivatives portfolio. The derivatives porfolio incurred massive losses for their two largest clients Proctor & Gamble and Gibson Greetings and both sued BT. This was a major problem for the Federal Reserve, because the SEC would investigate Bankers Trust's accounting and their 100 year relationship with the FED. The Central Banks decide to force Deutsche Bank to aquire Bankers Trust to move the operations to Europe and out of the prying eyes of the SEC. Unfortunately for Deutsche Bank also required BT's Debt ridden Derivative portfolio. In 2015 Deutsche Bank had to write-off of 6.6 Billion from old Bankers Trust Debts, but that was just the tip of the Ice Berg. Deutsche Bank is the largest bank in Europe and has toxic asset connections with many of the other european banks. If Deutsche Bank is allowed to fail the whole Financial System will Collapse.
Have a Lovely Day,
Weston
Great information Gregory, thank you.
They keep juggling the balls and we keep trying to figure when they are going to drop them all.
Upvoted and resteemed.
I think Trump is randomly trashing other countries currencies mostly for lolz. He just raised tariffs on Turkey because their currency is falling. Panicking back to the dollar is just making Trump stronger. The only way for a country to protect itself is to fade the dollar and choose to trade in gold and bitcoin. I view this process as a very novel way to implement a new gold standard. This is a "most worthy game" and good enough to have been thought up by the "E-Ring".
What will historians in the future say about our present time?