collapse bail inThe Man who predicted the 1987 Black Monday crash to the exact day is now sounding the alarm on Deutsche Bank:
“Deutsche Bank was extremely aggressive in derivatives.  It’s a SERIOUS CRISIS here.  DB is not just the biggest bank of Germany, its the Cadillac of Europe!  The derivatives could create a Contagion – It’s not looking good…”

Deutsche BankDB stock has hit another all-time low.  DB has lost 51% of its market value this year.  The BKX bank stock index is down only 4% this year.  The relative performance isn’t just a red flag, it’s a “code red” five-alarm danger signal.
At some point some counter-party to DB is going to ask the bank to post more collateral against some type derivatives contract.  That’s when the fun will begin…  

Jim Willie gunWould a Collapse of Deutsche Bank really be 5 x Bigger Than the Collapse of Lehman Brothers?
The Doc Joined Kennedy Financial to Discuss the Biggest Risks Facing the Global Financial System…

GoldCore: Bundesbank Gold Reserves The German Bundesbank released an inventory of its gold reserves yesterday in order to quell ongoing public concerns about the true amount of actual unencumbered reserves.
Coincidentally, on the same day Deutsche Bank has warned it will lose a whopping €6.2 billion ($7 billion) in the third quarter, its biggest quarterly loss in at least a decade and potentially ever.