This weekend the mainstream media is reporting that ‘Germany’s Merkel cannot afford to bail out Deutsche Bank‘, to which we say, yeah no kidding. The $75 Trillion in derivatives on Deutsche bank’s books are sinking the bank like the Titanic, and the situation is terminal. Jim Sinclair and Bill Holter from JS Mneset join me to discuss what Jim says is “the most dangerous period in world history” and as goes Deutsche bank. “so goes the world.”
One day after Federal Reserve Chair Janet Yellen failed to reassure the House Financial Services Committee that too-big-to-fail banks no longer pose a threat to the U.S. financial system, the stock market settled the debate. Germany’s largest bank had a dizzy spell and Wall Street banks swooned under a collective anxiety attack.
The writing has been on the wall for a very long time that this scenario was going to eventually play out given the lack of serious reform of Wall Street. What was notable about yesterday’s market activity is that among the major Wall Street banks, Goldman Sachs fared worst, falling 2.75 percent, followed by Morgan Stanley which shed 2.30 percent and Citigroup, which lost 2.28 percent.
coming to your neighborhood sooner then you think...
Last week, the California ACLU released an alarming report about California law enforcement agencies’ covert use of social media surveillance software. The report compiles records requested of 63 police departments, sheriffs, and district attorneys across the state. The ACLU found over 40% are using the software without any transparency or public disclosure. They also reported law enforcement officers may be using the social media surveillance software in a way that specifically targets activists of color.
The three primary pieces of software cited in the ACLU report are MediaSonar, X1 Social Discovery, and Geofeedia. These tools are marketed to law enforcement agencies as ways to keep track of protesters, particularly protesters and activists of color.
Would you throw good money after bad? Well, if you are keeping your money in the bank and still paying taxes after reading this, you are throwing away everything you have worked for.
The undeniable and catastrophic truth behind the absolute collapse of the American economy is discussed int his article. America is getting hit with two major economic tsunamis and only a scant few are paying attention.
Catastrophic Statistical Comparisons
Most financial experts agree that there is an 800 pound gorilla in the room that is totally being ignored by the main stream media. The 800 pound gorilla is the college Student Load Program.
Financial Repression Authority:
With each passing day the world learns something new and horrifying about the slow, steady economic decline and implosion of socialist Venezuela, and yet its leader, Nicolas Maduro, remains committed to the “revolution” that is destroying that once-vibrant South American oil producer.
Now, as reported by CNN, pictures released recently by the country’s political opposition show something you’d never expect to see in a modern hospital nursery: images of newborn babies sleeping in cardboard boxes, all lined up on a counter.
According to the opposition group, a hospital employee took the photos and passed them along.
Dr. Bashar al-Jaafari is a longtime distinguished Syrian diplomat, a political science and history of Islamic civilization expert, fluent in Arabic, English, French and Farsi, author of five scholarly books – including on Syrian foreign affairs, as well as the UN and new world order.
He’s been active in Syrian foreign affairs since 1980, serving in numerous capacities, representing his nation with distinction – polar opposite a criminal cabal holding diplomatic and other positions in Washington, other Western capitals infested the same way.
US, UK and French UN envoys disgracefully boycotted his Sunday Security Council remarks on Obama’s war raping and destroying his country – walking out on him one of countless examples of imperial arrogance.
The largest and most important bank in the largest and most important economy in Europe is imploding right in front of our eyes. Deutsche Bank is the 11th biggest bank on the entire planet, and due to the enormous exposure to derivatives that it has, it has been called “the world’s most dangerous bank“. Over the past year, I have repeatedly warned that Deutsche Bank is heading for disaster and is a likely candidate to be “the next Lehman Brothers”. If you would like to review, you can do so here, here and here. On September 16th, the Wall Street Journal reported that the U.S. Department of Justice wanted 14 billion dollars from Deutsche Bank to settle a case related to the mis-handling of mortgage-backed securities during the last financial crisis. As a result of that announcement, confidence in the bank has been greatly shaken, the stock price has fallen to record lows, and analysts are warning that Deutsche Bank may be facing a “liquidity event” unlike anything that we have seen since the collapse of Lehman Brothers back in 2008.