This is why, if DB collapses, it will set off a global financial bomb:
Do a reverse jizyiaa tax on the muzzies.
They won’t get bailed out. The word is that they will be allowed to “bail in”, by converting some the people’s money into bank stock, which will probably immediately go down in value.
So you believe they will commit suicide and allow their financial system and economy to collapse, in order to prove their adherence to abstract principle? The Germans are pretty stubborn, but even they will bow to reality.
“USA authorities” demandning billions from DB? (and for alleged improprieties in 2007!?)
seems like Obama is still trying to undercut, weaken Germany
just like he does UK, USA, Israel, etc.
but he will know what Merkel will do .. he’ll know before anyone else, since he’s routinely bugged her private phones
This is why, if DB collapses, it will set off a global financial bomb:
It’ll be fun to see what sequence of events the collapse will set into motion.Two things are for sure...1) the Euro will plummet and 2) so will oil.
Deutsche Bank is an organ of German/European State power. It won’t be allowed to fail.
They will simply have the European Central Bank print up 100 Billion Euros to buy whatever crappy “collateral” Deutsche Bank can scrape up. They’ll call it by some technical name and have a fake debate about it to give it the air of democracy, but that’s what will happen.
Its the same state of affairs we are in with our own Central Bank, only in Europe, their banks are in far worse shape.