Australian Politics Forum - Banks .. do we need them.?

Ajax

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Re: Banks .. do we need them.?
Reply #15 - Dec 8^th, 2019 at 9:25am

it_is_the_light wrote on Dec 8^th, 2019 at 9:18am:

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

https://static.seekingalpha.com/uploads/2018/6/13/saupload_48ce6519c71db89530230...

Deutsche Bank Kaputt ! $250 Trillion Debt -Be Ready For Economic Collapse & Stock Market Crash 4K
Rumors have it that Deutsche Bank is the zombie bank causing the Fed's repo market crisis.
If Deutsche Bank goes down, it all goes down. It's like a house of cards.
Because it is heavily interlinked via derivatives with the big banks on Wall Street, including JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, and Bank of America.
It has become a dark cloud on the horizon.
In the same way, Citigroup cast a negative pall in the early days of the financial crisis of 2008.
Europe's biggest investment bank, Deutsche Bank, is in deep trouble.
If it becomes real, 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.

Welcome to The Atlantis Report.

Deutsche Bank is the largest bank in Germany is, and in the E.U.
Deutsche Bank was founded 149 years ago in March 1870 in Germany, it operates in 58 countries and had 89,958 employees in Q3 2019.
Deutsche Bank bank is the 17 largest bank in the world with 1.5 Trillion in assets.
Its stock has been nose-diving in recent years. It laid off 20,000 employees.
It appears that it is getting close to being a zombie bank.
The bank, however, has 45 trillion dollars in derivatives, and these appear to be densely interconnected to U.S. banks.
European banks and financial institutions are quite fragile–given the trillions in non-performing loans, negative rates, etc.
Along with individual emerging market economies' sovereign debt (and dollarized corporate debt) loads Argentina, Turkey, etc.
India's shadow banks leverage and NPLs, and China's debt, Europe banks may prove the next locus of the global financial crisis on the agenda.
That more general financial fragility (and thus instability) would undoubtedly raise the probability of Deutschebank repeating the role of Lehman in the next crisis.
In short, you can't evaluate Deutschebank just in relation to its (and its counterparties) derivatives exposure. Contagion will not occur only within a specific subset of the banking system; it will soon spread via expectations to other sectors of the credit system (as it did in 2008), and that will quickly feedback negatively on the Deutschebank-partners derivatives exposure condition.

The banking sector is having a rough time.
According to the McKinsey Report, One in Three Banks Threatened to Disappear in the Coming Months.
There have been a weakness signal months ago when Deutsche Bank has been reducing its working force by 18,000 since July according to a CNN report.

This is what you get when you de-regulate banks.

Now the banks are playing the tunes and we all have to dance to it whether we like it or not.

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1. There has never been a more serious assault on our standard of living than Anthropogenic Global Warming..Ajax
2. "One hour of freedom is worth more than 40 years of slavery & prison" Regas Feraeos

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Jasin

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Re: Banks .. do we need them.?
Reply #16 - Dec 8^th, 2019 at 9:28am

Ajax wrote on Dec 8^th, 2019 at 8:26am:

The only way to control banks is to have a government bank run by the government.

Like we did with the commonwealth bank (CB), then when the RBA passes a rate decrease the CB would pass it on verbatim no questions asked.

So I ask you all who would you bank with.....???

But of course the oligarchy the 1% the elite will not have a bar of that.

They have spread the rumour that if the government has a national bank it is considered communist and we have eaten it up hook line and sinker.

Was a Australia a communist country when our government owned the Commonwealth Bank.....??

Very likely... but.

In Australia: The WORKER is always Right.
In the USA: The Customer is always Right.

...so really, the Banks have been one of the most profitable here, than in all the World. You gotta be in it to win it - here. And the Banks have done exceptionally well for their workers, their Industry and all their Shareholders. Stuff the 'Americanised' Customers!

PS: Yes I know who Auzgurl is. A valid contributer to this Forum from the beginning of this Forum. She has a number of names. It's the 'Topic' that caught my interest, not a hunt for Topics by her like some stalker.

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AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY.

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it_is_the_light

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Re: Banks .. do we need them.?
Reply #17 - Dec 8^th, 2019 at 9:52am

Ajax wrote on Dec 8^th, 2019 at 9:25am:

it_is_the_light wrote on Dec 8^th, 2019 at 9:18am:

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

https://static.seekingalpha.com/uploads/2018/6/13/saupload_48ce6519c71db89530230...

Deutsche Bank Kaputt ! $250 Trillion Debt -Be Ready For Economic Collapse & Stock Market Crash 4K
Rumors have it that Deutsche Bank is the zombie bank causing the Fed's repo market crisis.
If Deutsche Bank goes down, it all goes down. It's like a house of cards.
Because it is heavily interlinked via derivatives with the big banks on Wall Street, including JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, and Bank of America.
It has become a dark cloud on the horizon.
In the same way, Citigroup cast a negative pall in the early days of the financial crisis of 2008.
Europe's biggest investment bank, Deutsche Bank, is in deep trouble.
If it becomes real, 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.

Welcome to The Atlantis Report.

Deutsche Bank is the largest bank in Germany is, and in the E.U.
Deutsche Bank was founded 149 years ago in March 1870 in Germany, it operates in 58 countries and had 89,958 employees in Q3 2019.
Deutsche Bank bank is the 17 largest bank in the world with 1.5 Trillion in assets.
Its stock has been nose-diving in recent years. It laid off 20,000 employees.
It appears that it is getting close to being a zombie bank.
The bank, however, has 45 trillion dollars in derivatives, and these appear to be densely interconnected to U.S. banks.
European banks and financial institutions are quite fragile–given the trillions in non-performing loans, negative rates, etc.
Along with individual emerging market economies' sovereign debt (and dollarized corporate debt) loads Argentina, Turkey, etc.
India's shadow banks leverage and NPLs, and China's debt, Europe banks may prove the next locus of the global financial crisis on the agenda.
That more general financial fragility (and thus instability) would undoubtedly raise the probability of Deutschebank repeating the role of Lehman in the next crisis.
In short, you can't evaluate Deutschebank just in relation to its (and its counterparties) derivatives exposure. Contagion will not occur only within a specific subset of the banking system; it will soon spread via expectations to other sectors of the credit system (as it did in 2008), and that will quickly feedback negatively on the Deutschebank-partners derivatives exposure condition.

The banking sector is having a rough time.
According to the McKinsey Report, One in Three Banks Threatened to Disappear in the Coming Months.
There have been a weakness signal months ago when Deutsche Bank has been reducing its working force by 18,000 since July according to a CNN report.

This is what you get when you de-regulate banks.

Now the banks are playing the tunes and we all have to dance to it whether we like it or not.

its ok , the US FED is PRINTING 120 BILLION per day out of THIN AIR to prop up the System ..

https://www.cnbc.com/2019/10/23/fed-repo-overnight-operations-level-to-increase-...

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ॐ May Much LOVE and CHRISTS LIGHT be upon and within us all.... namasté ▲ - : ) ╰დ╮ॐ╭დ╯

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