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Itís not just Deutsche. European banking is utterly broken
Telegraph (UK) ^ | 01 October 2016 | Jeremy Warner

Posted on 10/02/2016 7:43:28 PM PDT by Lorianne

Today’s mayhem is not so much the result of reckless bankers and asleep at the wheel regulators, but rather of the public policy response to the last crisis itself – that is to say, regulatory over-reach and central bank money printing.

All eyes are naturally focused on the specific problems of Deutsche Bank, but Deutsche is in truth no more than the canary in the coal mine. As Tidjane Thiam, chief executive of Credit Suisse, observed last week, as an entire sector, European banks are still “not really investable”. Much the same disease as afflicts Continental banks also applies to British counterparts, including Royal Bank of Scotland, Barclays and even Lloyds.

All are fast being enveloped by a perfect storm of negatives, and this time around, it is substantially the policymakers and law enforcers who are to blame.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: banking; deutschebank; deutschebankcrisis; ecb; europe; finance; germany
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1 posted on 10/02/2016 7:43:28 PM PDT by Lorianne
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To: Lorianne

I wonder if tomorrow could be a Black Monday.


2 posted on 10/02/2016 7:48:41 PM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: SkyPilot

Sounds like they’ll need a charming politician to create an all-electronic “banking” system (or carry it to its logical end, that is). Perhaps he’ll confirm a 7-year “peace” covenant that divides Israel. The world will love him like they did Obama when he came from obscurity.


3 posted on 10/02/2016 7:57:00 PM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: SkyPilot

Holiday in Germany tomorrow. Tuesday could be dark.


4 posted on 10/02/2016 8:01:21 PM PDT by Vermont Lt (Brace. Brace. Brace. Heads down. Do not look up.)
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To: Lorianne; proxy_user
There's blood in the water.

If one of these large banks starts unwinding it'll be scary.

5 posted on 10/02/2016 8:04:29 PM PDT by Mariner (War Criminal #18)
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To: Lorianne; null and void; aragorn; EnigmaticAnomaly; kalee; TWhiteBear; WildHighlander57; ...

6 posted on 10/02/2016 8:15:17 PM PDT by LucyT
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To: Travis McGee

Ping.


7 posted on 10/02/2016 8:16:24 PM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Lorianne

Sad to think that a relative HANDFUL of people control billions and trillions of dollars across the GLOBE and they are either so INCOMPETENT or so CORRUPT that it’s come to this.

Ammo, guns, silver, gold, ammo re-packing supplies, canned goods, can opener, sturdy boots and warm, dry socks.

Screw the rest of ya! I’ll be in my bunker. ;)


8 posted on 10/02/2016 8:25:36 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set!)
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To: Lorianne

The bankers and Wall Street equivalents are people making wild bets knowing that their gov’ts will cover them at our expense.

Hopefully many more will be thrown off tall buildings or have other “accidents”.


9 posted on 10/02/2016 8:45:16 PM PDT by minnesota_bound
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To: SkyPilot

I unloaded 1/3 Friday. Listened to the “little voice” that is sometimes wrong... But cash is never totally wrong.


10 posted on 10/02/2016 8:52:04 PM PDT by golux
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To: Lorianne

The post WWII Western social order - based on Wilsonian progressivism - ist kaput.

Burn the corpse. Don’t let it get into the ground water.


11 posted on 10/02/2016 9:02:24 PM PDT by Psalm 144 (Je suis, Deplorables. Marchons, marchons!)
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To: Lorianne

it is substantially the policymakers and law enforcers who are to blame.


Unlike last time when, it was substantially the policymakers and law enforcers who were to blame.


12 posted on 10/02/2016 9:16:14 PM PDT by VTenigma (The Democrat party is the party of the mathematically challenged)
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To: SkyPilot

“I wonder if tomorrow could be a Black Monday.”

I don’t think the powers-that-be will allow the stock or bond market or US Dollar crash before the election.

There’s plenty of private anti-Trump money available to prop up the markets if need be. And don’t forget the world’s central banks.

Not only that, but they’ve managed to suppress the gold and silver markets at will it seems.

In my unprofessional opinion, they’ve got their finger on the trigger should Trump win next month. Then all heck will break loose.


13 posted on 10/02/2016 9:35:22 PM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: VTenigma

So true. The reporter however, is from the UK where there was no parallel to the repeal of Glass-Steagall.

Brussels banking and trading is essentially a JP Morgan operation. Deutsche Bank’s derivatives mess is essentially a Citibank scheme gone bad.

Euro banking and trading have been led by the nose by American internationalists, globalists as has been Mexican banking. These people control the policymakers and these latter control the law enforcers.

London and affiliates in the British Commonwealth, as well as some Swiss banks, have independently followed in the same footsteps as the American globalists.

The summary takeaway is that the policymakers are no longer beholden to their constituents, those that elected them. They are beholden to international bankers who control the money creation. Otherwise, government pension checks would be in jeopardy. Policymakers try to avert government default by submitting to the will of the globalists. That’s the whole thing in a nutshell.

But your statement is still true. If policymakers united across borders where international banks and their globalist masters operate, a default could be designed to put the globalists out of power. Then banking reforms could follow and the default could be cured as policymakers took back control for the people.

For those reading, look at it this way so as to get a handle on it. If you default on a payment due, rather than use your credit card to pay what’s due, you simply don’t pay. What happens? Your creditor calls you. You negotiate a payment arrangement and you demand that the late payments be expunged from the record so that your credit rating remains intact and unharmed.

Policymakers can do the above but they must unite in sufficient numbers. The problem is bankers control many policymakers, they are on a payroll of graft. Careers, lifestyles, luxuries, private schools for the kids, perks of privilege, etc. all are dependent on continued banker approval. And the bankers answer to their masters who are globalists. Globalism means America is just another country, America = Mexico, etc. and there must be an end to borders for those granted special visas.

But what about pensioners? A little creative thinking generates a plan for policymakers to setup special pension accounts with vouchers to be used for food, medicine, housing, heat, etc. These types of vouchers were used in WWII so it’s not a new thing.

How long will it take? Not long, maybe 6 months to a year. The newly courage-infused policymaking groups could issue an immediate demand to the bankers and the globalists that control them to play ball or face hard-time. Dispatch LEOs worldwide to arrest any globalists who try to evade justice. The entire mess could be cleaned up within 3 years as long as policymakers remained united worldwide wherever bankers operate according to the international syndicate.

The situation cannot continue as it has. The globalists have screwed the pooch so bad. Their plans are laid waste. They could not pull it off. Meanwhile, the natives grew restless and are now ready to stampede.


14 posted on 10/02/2016 10:20:20 PM PDT by Hostage (ARTICLE V):)
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To: minnesota_bound
When we had the sub prime mortgage catastrophe that has now led to the present economic mess with close to zero and in Europe negative rates of returns for bank deposits, how many executives or anybody went to jail at Goldman Sachs, Citibank, Chemical Bank, Bank of America,Bank of Scotland etc.????? The answer is zero.

They did pay fines of Billions of dollars. Fines are good, jail is much much much better!

A better question to ask is why they did not go to jail for criminal activity? This answer is also quite easy, they own the politicians be they Democrat, Republican, Tory, Labor, etc.

They are the elite and the enemy!

PS
I am a capitalist and not a left winger. What has happened in our banking industry is not capitalism but corruption of government and crony capitalism.

When it all went to hell the taxpayer paid, and the elites of business and politics still flew in the back of Gulf stream Jets ner to mix with the common rabble of commercial aviation. It would be beneath their dignity you know.

15 posted on 10/02/2016 10:28:48 PM PDT by cpdiii (DECKHAND ROUGHNECK MUDMAN GEOLOGIST PILOT PHARMACIST LIBERTARIAN , CONSTITUTION IS WORTH DYING FOR!)
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To: Lorianne

Well written article. Somebody send it to DOJ, the White House and Congress.


16 posted on 10/02/2016 11:34:34 PM PDT by MadMax, the Grinning Reaper
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To: Lorianne

Bookmark


17 posted on 10/02/2016 11:42:48 PM PDT by Chgogal (A woman who votes for Hillary is voting with her vagina and not her brain.)
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To: Hostage

Maybe Trump and Farage have all this in mind: policy makers and enforcers turning in unison against the globalists.


18 posted on 10/02/2016 11:48:06 PM PDT by Vision Thing (You know the depths of my heart, and You love me the same...)
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To: MichaelCorleone
In my unprofessional opinion, they’ve got their finger on the trigger should Trump win next month. Then all heck will break loose.

So.

Have your shopping list ready to click.

19 posted on 10/02/2016 11:57:58 PM PDT by cynwoody
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To: golux
But cash is never totally wrong.

True... but being totally in cash is always wrong.

Regards,

20 posted on 10/03/2016 12:43:53 AM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
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