Deutsche Bank Stock Collapse? DB Unable to Deliver Gold – May Bring Down Eurozone

It’s no surprise that ever since Brexit, more people have been watching what is happening over in Britain. Regarding Deutsche Bank, their stock is at 13.35 as of 10/4/2016. That’s a drop of over 50% in a year! There was a selloff after Brexit causing the Pound to drop, but now, it seems the same is happening with Deutsche Bank.  Horror stories have been coming from different blog sites about this. Many are urging people to get their money out. Here is a video explaining the gold delivery problem. There are a number of videos on this page, please watch a few of them, even if you don’t watch the whole video, I feel it’s good to get the information from different sources.

Here is the article that will help you go over the information – http://www.zerohedge.com/news/2016-09-02/deutsche-bank-explains-why-it-failed-deliver-gold-demand-solution-will-be-found

This one just came out today (10/4/2016) http://www.cnbc.com/2016/10/04/deutsche-bank-shares-rise-2-despite-no-settlement-deal-with-the-doj.html (Opens in New Window)

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Listen to this:

The unprecedented escalation involving Deutsche Bank’s failure to deliver physical gold on demand continues.

As we first reported two days ago, a client of Xetra-Gold, a German Exchange-Traded Commodity fund, tried to get access to the gold he had been promised under the Xetra-Gold prospectus, leading to much confusion about just where the failure to deliver had taken place, at Xetra or at the fund’s designated sponsor, and the client’s principal bank: Deutsche Bank.

Then, overnight, we presented the just as odd response provided by Deutsche Boerse where the ETC is traded, which sounded as if it was trying to pass the buck onto Deutsche Bank. This is what it said:

Deutsche Börse Commodities GmbH stresses that owners of Xetra Gold units can exercise their right to delivery of securitised gold at any time. The gold is delivered by the bank branch on which the investor has its securities account – on the condition that the branch offers this service, as the gold can only be delivered through the investor’s custodian bank.

As we said at the time, the response led to even more questions, and even more public outcry in Germany, which may explain why moments ago none other than the custodian bank, Deutsche Bank, joined the fray, by doing something it has never done before: provide a rationalization for why it failed to deliver gold on demand. Or at least try.

 

Last Updated On: October 4, 2016
By: Nick Giammarino Subscribe to the Global Currency Reset Newsletter – [OptinLink id=1]CLICK HERE TO SUBSCRIBE TO THE FREE NEWSLETTER[/OptinLink]

Hi friends, Nick Giammarino here, I wanted you to see this screenshot I made of the Deutsche Bank stock price:

deutsche bank stock

See that?  It’s down over 56% in just a year’s time!  What does that mean for the Euro and the Eurozone?  Well, let’s look at a chart I just took of the USD Versus the Euro:

usd/euro

Here are some of the headlines:

Deutsche Bank: EU Banks Need $166 Billion Bailout

According to chief economist of Deutsche Bank, European banks urgently need a $166 billion bailout.

David Folkerts-Landau, Deutsche-Bank AG’s chief economist, says EU banks desperately need significant recapitalization efforts, Italian banks in particular.

“Europe is extremely sick and must start dealing with its problems extremely quickly, or else there may be an accident. I’m no doomsday prophet, I am a realist.”

Of particular concern are Italian banks, whose estimated €360 billion in bad loans could cause a bank failure and ripple effect, affecting the rest of the EU. While Folkerts-Landau does not see the impending financial issues to be as grave as those transpiring in 2008, he nonetheless foresees a crash in the long-term.

“I do not expect a second financial crisis like in 2008. The banks are much more stable today and have more equity. What we face this time is a slow, long downward spiral.”

EU’s post-Brexit problems keep piling up

The European Union’s financial ills, both prompting and resulting from Brexit, continue to worsen. Since the UK’s exit, European bank shares have lost one third of their value. JP Morgan-Chase is counting on Scotland to leave the UK, and American Billionaire George Soros believes that the collapse of the EU could be inevitable.

Bitcoin remains a strong alternative, however, the EU has implemented rules cracking down on anonymous Bitcoin trades, which may lead to a chilling effect on blockchain-based innovation.

Bitcoin: the solution to the broken central banking system

The underlying issue behind the continuing global financial issues is the failed central banking system, whose biggest proponents still self-interestedly avoid. This shows no sign of slowing down, as even major US presidential candidates are doubling down on the inflationary monetization of government debt instead of promoting sound money. Smart EU citizens will invest in Bitcoin in case of a collapse.


Deutsche Bank charged over market manipulation

Read this article on my site, if you want the free pdfs, they are available, you can also click the picture below:
conquering coming collapse

 

Deutsche Bank Is In Trouble – And Could Take The Industry With It

  1. Deutsche Bank is in very bad shape and is at a serious risk of collapse, especially without bailout.
  2. CDS spreads have risen considerably. DB chief economist has called for bank bailout and the IMF has labeled the bank a systemic risk.
  3. With US markets high, unforeseen disturbances could sink US markets, causing losses.
  4. Dropping stock prices could create opportunities to buy stocks on the cheap, or profit by betting against the euro.
  5. DB collapse could also cause system wide collapse in Europe.

Even as U.S. stock markets near all-time highs, the potential collapse of Deutsche Bank (NYSE:DB) could cause turbulence centered in Europe but with the potential to spread globally. In fact, the International Monetary Fund has gone so far as to label the bank as the greatest threat to the global financial system. Now, Deutsche Bank’s chief economist, David Folkerts-Landau, is calling for a 150 billion euro bank bailout, noting that Europe’s banks are “extremely sick and must start dealing with its problems extremely quickly.”

Interestingly, Folkerts-Landau’s comments were not poised as a direct appeal from DB for funds, but instead the entire banking system. Regardless, DB is regarded by many as the most overexposed and vulnerable big bank in the European Union, and indeed the world, surpassing even many of the struggling southern European banks. Folkerts-Landau grounded the banks’ problems in the wider economic malaise affecting Europe, namely low growth, high debt and deflation, but ultimately it appears that banks, including DB, simply made a series of risky choices that simply didn’t pan out.

Deutsche Bank’s stock prices, unsurprisingly, have collapsed over the past several months.

Deutsche Bank Chief Economist: “Europe is Seriously Ill”, Banks Need €150 Billion Bailout

Europe risks a new banking crisis says David Folkerts-Landau, chief economist at Deutsche Bank. He suggests a huge EU bailout program. Private creditors should not participate.

“Europe is seriously ill”

Rules prohibit state aid. However, bail-ins are not politically feasible because it would take out a lot of private savers in Italy, and possibly even trigger an onslaught of creditors and customers of the banks. “Strictly to keep to the rules would cause greater harm than they suspend them” said Folkerts-Landau.

The decline in bank stocks is only the symptom of a much larger problem, namely a fatal combination of low growth, high debt and a proximity to dangerous deflation. “Europe is seriously ill and needs to address very quickly the existing problems, or face an accident,” said the chief economist.


Deutshe Bank Collapse – What you need to know, by Harry Dent
Question of the Day

Is David Folkerts-Landau more concerned about Italian banks and Italian savers or the repercussions that a collapse on an Italian banks would cause Deutsche Bank?

I suggest the latter.

Regardless, the entire European banking system is on the verge of collapse, starting with Italy. Deutsche Bank’s derivatives mess is nothing to sneeze at either.

I welcome your comments below, thanks.

Best regards,

Nick Giammarino

Sources:

http://www.minyanville.com/business-news/markets/articles/2523euro/7/10/2016/id/57743

http://seekingalpha.com/article/3987898-deutsche-bank-trouble-take-industry

http://cointelegraph.com/news/deutsche-bank-eu-banks-need-166-billion-bailout

 

 

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