Max Keiser has joined Jim Willie in predicting an imminent default of Deutsche Bank, which would likely result in a Lehman like triggering of the next financial panic.
My Geneva fund contact: Deutsche Bank is officially on suicide watch. DB will be the next ‘Lehman’ moment that triggers new collapse.
Recent excerpt from Jim Willie’s latest, who stated that if Deutche bank goes under, a full blown contagion is assured:
Judging from the ongoing defense from prosecution and cooperation (flipped) with Interpol and distraction of resources, the most likely bank to die next is Deutsche Bank. They are caught with accounting fraud and outright financial fraud over collateral shell games, pertaining to USTreasury Bonds, other sovereign bonds in Southern Europe, and OTC derivatives linked to FOREX currency contracts. D-Bank is a dead man walking.
The contagion that will hit is assured, since these three big banks are all interconnected, their positions intertwined, their fates tied like a common millstone around their necks. When they go down, and they will go down hard, the gaggle of Western financial firms (banks, investment banks, hedge funds, exchanges) will sink together into a sea of red ink, toxic swill, and more than a few orange jumpsuits. The legal route might be more likely a vanishing act, as hidden banker prisons have begun to be populated, very quietly, under extreme secrecy. Remember that since the great London gold drain last spring 2012, a new sheriff has been in town and hard at work. And he is taking bankers, mid-level bankers, the ones who know too much information, but who do not have the privileged high rank.