The IMF called Deutsche Bank the “most systemically dangerous bank” in the world, and Charles explains how its stock price could plummet to zero…
The IMF called Deutsche Bank (DB) the “most systemically dangerous bank” in the world in 2016. It recently hit all-time lows and now sits around $7.50 per share. If DB does break $6.40, do we get a daisy chain of default around the world? Renowned geopolitical and financial cycle expert Charles Nenner says, “It is a very dangerous situation. I think DB is not the only one. They just got caught. I think if you look at the balance sheets very closely of other banks, especially Europe and Italian banks, you will see a lot of troubling signs also. I don’t think it’s only Deutsche Bank. It’s much more. . . . If it breaks $6.40, the downside price target is zero. If everybody watches my analysis and it does go below $6.40, everybody is going to run for the exits.”
On gold, Nenner says, “We are looking for a long term bull market for a couple of years to come, maybe until 2024. The price is going much higher.”
Join Greg Hunter as he goes One-on-One with financial and geopolitical cycle expert Charles Nenner.