“Whether or not (and how) the bellwether Deutsche Bank goes Tango Uniform in the coming weeks will hold many clues.”
(Link to article)
“If Deutsche Bank collapses, it’s taking the euro with it”
http://blogs.spectator.co.uk/2016/02/if-deutsche-bank-collapses-its-taking-the-euro-with-it/
When you hear rumors of 500 Euro notes and 100 dollar bills being withdrawn from circulation by the central bankers, ostensibly in order to impede cash hoarding and curtail “black-market” (unmonitored) transactions, you can be sure that the game is nearly up.
“Why $100 Bills and 500 Euro Notes May Soon Be Killed Off” (Money magazine)
(The establishment excuses, but it’s out there.)
http://time.com/money/4226174/kill-100-dollar-bill-500-euro-phase-out/
This will take a bit of time to digest. Now I have to go to the bank and take another few hundred out in small bills.
Then it’s time to buy more ammo.
And can more food.
Beef stew, chili, and soup are cheap and easy to put back.
L
Tyler Durden at Zero Hedge has had a sequence of articles about DB, who is THE biggest upside down counterparty on oil and gas hedges for the last couple years, combined with the FED/Office of the Comptroller of the Currency/Treasury telling major US banks to exit energy lending:
Banks and Energy Cos will both be all SHTF if there is no relief. I can assure you, not a single energy company in the world can make money at sub-$30 oil and sub $2 natural gas. JPM and WF are the biggest US lenders to go down. as for companies at risk - check out the blood on this list:
Note the $325 Billion worth of debt generating negative operating cash flow. Every unit of production means more cash lost.
Our Resident has almost tanked it all.
