More on Deutsche Bank and the World Economy

Deutsche Bank Collapse! 
$250 Trillion Debt -Be Ready 
For Economic Collapse & 
Stock Market Crash 2019





Deutsche Bank has been a constant headache for the United States financial system.


Because it is heavily intertwined via derivatives with the big banks on Wall Street including JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley and Bank of America. It has become the dark cloud on the horizon in the same way Citigroup cast a negative pall in the early days of the financial crisis of 2008.


Prophecy is circulating that Deutsche Bank has allegedly filed Bankruptcy or Deutsche Bank Collapse has begun saying.



It has not been confirmed yet, but Europe’s biggest investment bank, Deutsche bank, is in big trouble. If it becomes true it will be the end of the financial system as we know it. Deutsche bank could not fail without causing a domino effect and taking with it the whole system with $250 Trillion Debt.



The banking sector is having a rough time. According to McKinsey Report, One in Three Banks Threatened to Disappear in the Coming Months.If so, does Deutsche Bank Collapse begin?


Conscious of the stakes, the banks have already begun their process of rationalization. And the potion is bitter. In 10 years (2008-2018), already 600,000 banking jobs have been lost only in Eurozone. The first German bank, Deutsche Bank, has announced this summer that it will cut 18,000 jobs worldwide by 2022 as part of a € 7.4 billion restructuring plan.


German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. Mainly due to self-imposed scandals, the bank is now having to take drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of the too-big-to-fail banking system falters, it could trigger another global economic collapse and stock market crash.

Dutch banks downgraded

BREAKING NEWS: Moody's cuts five Dutch banks, warns on Greece

* Moody's cuts ING, ABN, Rabobank, LeasePlan by 2 notches

* SNS Bank downgraded by one notch

* ING still on negative outlook, others now stable

Reuters,

14 June, 2012

Moody's Investors Service said on Friday it had downgraded five Dutch banks, four of them by two notches, and warned a Greek exit of the euro would see further cuts, kicking off a long-awaited round of downgrades for major European institutions.

Moody's set a stable outlook to the ratings for four of the groups but kept a negative outlook for ING Bank, meaning it could cut it again.

The downgrades will only add to pressure on European leaders to sort out the region's debt crisis, with a real test to the union coming this weekend as Greeks go to the polls. Moody's also warned that, were Greece to exit the euro, further ratings actions on European banks could well be needed.

The long-expected news had little immediate impact on financial markets in Asia, with the euro holding firm around $1.2616.

"Today's actions reflect Moody's view that Dutch banks will face difficult operating conditions throughout 2012 and possibly beyond," Moody's said in a statement.

The agency said there were heightened risks for creditors amidst elevated uncertainty and downside risks to the economic outlook and fragile investor confidence in Europe.

Moody's agency said it had cut the ratings by two notches to Aa2 for Rabobank Nederland, to A2 for ING, to A2 for ABN AMRO Bank N.V., and to Baa2 for LeasePlan Corporation N.V..

The long-term debt and deposit ratings for SNS Bank N.V. were downgraded by one notch to Baa2. The short-term ratings for all the groups were unchanged.

Moody's said it had factored into the ratings an increased risk of Greece leaving the euro area, but this was currently not the central scenario.

"If a Greek exit became Moody's central scenario, further rating actions on European banks could well be needed," it added.

Moody's said the negative outlook for ING took into account the bank's funding structure, which relies substantially on wholesale funds and a significant amount of non-domestic deposits.

Dutch bank and insurer ING received 10 billion euros in state aid during the 2008 financial crisis.

It was subsequently forced to separate its banking and insurance businesses and sell off various assets to meet European Commission requirements for state aid. The disposal could also help to raise money to repay state aid

Capitalism IS the crisis

Austerity is the buzz word of the day. It may be timely to watch this movie from 2010 which dissects the whole idea

Features Derick Jensen and Chris Hedges amongst others

Capitalism Is The Crisis (Full Movie)

Capitalism Is The Crisis: Radical Politics in the Age of Austerity examines the ideological roots of the "austerity" agenda and proposes revolutionary paths out of the current crisis. The film features original interviews with Chris Hedges, Derrick Jensen, Michael Hardt, Peter Gelderloos, Leo Panitch, David McNally, Richard J.F. Day, Imre Szeman, Wayne Price, and many more!

The 2008 "financial crisis" in the United States was a systemic fraud in which the wealthy finance capitalists stole trillions of public dollars. No one was jailed for this crime, the largest theft of public money in history.

Instead, the rich forced working people across the globe to pay for their "crisis" through punitive "austerity" programs that gutted public services and repealed workers' rights.

Austerity was named "Word of the Year" for 2010.

This documentary explains the nature of capitalist crisis, visits the protests against austerity measures, and recommends revolutionary paths for the future.

Special attention is devoted to the crisis in Greece, the 2010 G20 Summit protest in Toronto, Canada, and the remarkable surge of solidarity in Madison, Wisconsin.

It may be their crisis, but it's our problem.