Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent news regarding Deutsche Bank as the massive global bank based in Frankfurt, Germany reaches its epic end.
Deutsche Bank has been found guilty of rigging gold and silver markets and everything else they can get their hands on. In 2016, the bank reached a derivatives exposure of 75 trillion dollars which is simply insane and now its credit default swaps are spiking to around 123.6!
This is all happening as their CEO John Cryan is set to be replaced. That’s right, ANOTHER CEO replacement/shakeup at Deutsche Bank.
We are seeing Deutsche Bank alongside so many other banks encounter similar problems to what we saw in 2007/2008. This is a recipe for disaster and it’s not going to end well. A lot of people have money tied up in Deutsche Bank and that is very risky. When it comes to cash to deposit ratio, Deutsche Bank may not be as badly off as so many other banks, but it’s still not in a good place and the whole banking complex will inevitably come down as you can only manipulate into prosperity so long until it reaches oblivion and comes crashing down.
We are seeing the coming end to a centralized monetary system and controlled market system and the only thing one can really do is prepare themselves. The sooner, the better.
Stay tuned as we continue to cover these crucial issues!