Posted on 02/08/2016 6:01:55 PM PST by SkyPilot
There is so much chaos going on that I don't even know where to start. For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is finally unfolding. Let's start with Deutsche Bank. The stock of the most important bank in the "strongest economy in Europe" plunged another 8 percent on Monday, and it is now hovering just above the all-time record low that was set during the last financial crisis. Overall, the stock price is now down a staggering 36 percent since 2016 began, and Deutsche Bank credit default swaps are going parabolic. Of course my readers were alerted to major problems at Deutsche Bank all the way back in September, and now the endgame is playing out. In addition to Deutsche Bank, the list of other "too big to fail" banks in Europe that appear to be in very serious trouble includes Commerzbank, Credit Suisse, HSBC and BNP Paribas. Just about every major bank in Italy could fall on that list as well, and Greek bank stocks lost close to a quarter of their value on Monday alone. Financial Armageddon has come to Europe, and the entire planet is going to feel the pain.
The collapse of the banks in Europe is dragging down stock prices all over the continent. At this point, more than one-fifth of all stock market wealth in Europe has already been wiped out since the middle of last year. That means that we only have four-fifths left. The following comes from USA Today...
The MSCI Europe index is now down 20.5% from its highest point over the past 12 months, says S&P Global Market Intelligence, placing it in the 20% decline that unofficially defines a bear market.
(Excerpt) Read more at theeconomiccollapseblog.com ...
Deutsche Bank has, of course, covered Trump for well more than half a billion. He probably still owes.
Trump is pwned by these international bankers and global financiers.
People can ignore it, but it’s fact.
Bookmark
There is a quote from USA Today in your excerpt, and USA Today material is not allowed on FR, due to copyright complaint.
I’ve been warning that rising gold prices in the face of falling commodities is a red flag that this time really is different.
No business is too large to fail.
Last crisis the FED bailed out European banks. Hopefully not this time.
Deutsche Bank is bankrolling Trump’s current project, Trump Tower in DC.
IMHO, The Economic Collapse site is like a broken clock.
It’s the end of the world as we know it and I feel fine.
They did, and they refused to disclose what they did, how much, and what banks.
Now we know why so many bankers have been sky-diving from tall buildings and driving into ditches
Greek bank stocks have value? That should have been the headline.
What is your point?
And I have zero pity for them.
I think you have been correct.
Equating a secured loan with some kind of evil, IS EVIL.
Every business owner has bank loans, and nobody owns them.
They make their loan payments on time, and the banks can go screw off.
Are you reading from come Communist talking points memo?
Trump is pwned by these international bankers and global financiers.
People can ignore it, but it’s fact.
He owes the ethanol industry now too,,, so much for not being beholden to “donors”.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.