This does not inspire confidence in the banking system:
A TOP economist has warned that Germany’s biggest bank is teetering on the edge of crisis and they only way to protect it against future shocks is to nationalise it.
Germany central bank, the Deutsche Bank, would be hit hard in a new financial crisis
Martin Hellwig said stress tests carried out by the European Central Bank revealed the Deutsche Bank would be left in a precarious position in the event of another financial crisis.
While it would probably not go bust in a fresh downturn – he predicted the bank which is crucial to the German economy would face serious equity problems.
He said: “Putting it short: for a long and serious crisis there simply wouldn’t be enough money.”
The free resources are a self-sustaining mirage, whose only purpose is to keep humans exhibiting an r-strategy, so the illusion of free resources can continue to be produced. All along, as the system is propped up ever longer, the forces pulling pulling it down only grow stronger. At some point, reality will intrude.
Once that first support gives way, it will take all the others with it and all the accumulated forces pulling things down will then have their effect at once. That effect will be total Apocalypse.
Where it will come from is unknown, but as Harry Dent shows, China is displaying ominous signs:
The menacing fury of economic triggers that began piling up after the Great Recession are only getting larger and we can’t do much but watch it unfold and stay alert…
Massive doesn’t even begin to describe the situation with China’s property market, but that’s somewhat expected with a population of 1.4 billion people.
And as the chart below shows, the bubble keeps on getting bigger!…
China is going down. The China Beige Book (which is much more accurate) recently showed that, across the board, economic conditions are unraveling. There will be no soft landing in China. It’s only a matter of time. It will bring down the entire world’s unprecedented debt and real estate bubble.
One of the interesting observations I have read is that when the collapse happens, if it looks as if the US were going to screw China on the debt it is owed, China will immediately confiscate all US corporate assets in their nation. That might be a good list of companies to not be invested in, or to be short on, as the Apocalypse closes in. Very quickly they will no longer be able to import cheap goods. If their goods are necessary enough, it might even pay to invest in their domestic-producing competitors, as they may be the only source of those goods for some time to come.
[…] Deutche Bank Teetering – May Be Nationalized […]