Bix Weir and V the Guerrilla Economist discuss the Collapse of Deutsche Bank and the implications for gold and silver:
Would 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…
A global banking CONTAGION looms as Deutsche Bank nears the End Game…
Now the REAL question: what happens to Deutsche Bank’s derivative book, which has a notional value of €52 trillion, if the bank is insolvent?
I think we’re going to have an uncontrollable situation with the Italian banks, maybe resulting in the implosion of Deutsche Bank.
Deutsche’s stock pattern is following Lehman’s in 2008. If you overlay their charts, Deutsche Bank has maybe 2 or 3 months left…
The signs were there for Bear Stearns, Lehman, and AIG in 2008.
It’s up to you to read the economic warning signals flashing right now…
It was only a matter of time…
The US probe investigating Deutsche Bank has reportedly now widened to include alleged money laundering “mirror trades” in Deutsche’s Moscow unit.
Translation: Things just ESCALATED MASSIVELY for Germany’s largest bank…
Germany’s troubled Deutsche Bank has hit the headlines once again. This time for erroneously transferring $6 billion to a hedge fund client’s account.
- Fed Reverse Repos Supernova- 3 Alarm Fire at the Fed & ECB!
- Silver Shortage Eases As Premiums Decline Slightly- Were Metals Dealers Holding Back Silver Inventories?
- Derivatives Crisis Underway? HUGE Behind the Scenes Operations Attempting to Put Out MASSIVE FIRES
- Eric Explains Why Deutsche Bank is a “Time Bomb That is Going Off at Some Point!”
The SD Weekly Metals and Markets With The Doc and Eric Dubin is Below:
The sudden big spike up in Fed reverse repos in mid-September indicate that there was a derivatives accident that required the Fed to flood the global financial system with Treasury collateral, which is used to satisfy derivatives margin calls.
DB is not only now the lethal sovereign risk of Germany, it is the sovereign risk of the entire EU.
Whereas Bear Stearns the Lehman triggered the Great Financial Collapse in the U.S., Deutsche Bank could potentially trigger the collapse of the global financial system.
Looking back at the Lehman Brothers collapse of 2008, it’s amazing how quickly it all happened.
In hindsight there were a few early-warning signs, but the true scale of the disaster publicly unfolded only in the final moments before it became apparent that Lehman was doomed.
Could this happen to Deutsche Bank?
Physical silver bullion sales exploded at SDBullion Wednesday, hours before the London Fix price setting mechanism was set to end on August 14th.
The London fix, which has been in place for 117 years dating back to 1897, announced in April that the daily silver fix would end on August 14th, when Deutsche Bank, under investigation by Germany’s BaFin for market manipulation vacated its seat and was unable to find a buyer.
SDBullion trader Jennifer Linhart stated that physical silver sales were five times normal volume Wednesday, as investors scooped up bullion ahead of any market disruption the end of the fix might cause:
“The phones were ringing off the hook all day, and silver sales were about 5 times normal for the day. We didn’t see much of any change in gold, everyone was buying silver.”
Perhaps this is why Deutsche Bank could not find a single buyer for its seat on the London Fix: the bank, along with HSBC have been officially accused on manipulating the silver fix in a new suit filed in federal court in Manhattan over the weekend.