http://www.alternativenewsnetwork.net/rothschilds-buy-remaining-gold-signalling-...Rothschild’s Buy Up Remaining Gold Signalling World Banking Collapse
May 29, 2017 SatyaRaj
Jacob Rothschild has just announced that he is to buy up all remaining gold to replace stock market and currency exposure, due to the world’s central banks being “out of control”, signalling what could be the biggest financial crisis since the Lehman Brothers crash in 2008.
The biggest bank in Germany is on the verge of collapse which is set to send massive verberations throughout the EU, the US and around the world. The predicted global banking collapse seems even more imminent as the Rothschild’s signal more warning signs by buying up gold.
FreeThoughtProject reports: The prospect of a cataclysmic global banking collapse of this nature has not been seen since the implosion of Lehman Brothers in 2008, and subsequent fallout in the global banking world.
But these events haven’t taken place in a vacuum, as earlier this year savvy international investor Lord Jacob Rothschild, during a semi-annual address to RIT Capital Partners, announced that they are reducing stock market and currency exposure and increasing their gold holdings, warning that the world is now in “uncharted waters” and the consequences are “impossible” to predict.
Rothschild stated:
“The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world.
We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low-interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale.”
The collapse of Deutsche Bank would most likely begin a cascade of Western banking institutions falling like dominos (which could include Barclays in London and CitiGroup in the U.S.). According to the same expert who valued Lehman’s worth at its collapse, Deutsche Bank’s current value of $1 trillion dollars is significantly more than Lehman Brothers’ valuation during their collapse in 2008.
The contagion from a collapse of this magnitude could potentially trigger a systemic banking collapse the likes of which the world has never seen. The EU would almost certainly disintegrate upon a collapse of this magnitude, as Deutsche Bank is the largest bank in Germany — which is essentially the financial heart and soul of the EU.
When Jacob Rothschild says that he is buying gold because the central banks are out of control, you begin to understand the scope and magnitude of what is transpiring, as his family has been in de facto control of the world’s central banks for centuries.
Deutsche Bank shares have fallen sharply on the news that German Chancellor Angela Merkel won’t bail out the struggling bank, with shares falling by as much as six percent in early week trading, turning in their worst performance since 1992. Since just January, the bank’s shares have lost over 52 percent of their value.
Merkel has also refused to provide state financial assistance to Deutsche Bank in its legal battle with the U.S. Department of Justice. The chancellor made her position clear during talks with Deutsche CEO John Cryan, according to Focus magazine. The German-based lender may be fined up to $14 billion over its mortgage-backed securities business before the 2008 global crisis.
The German Chancellor also noted that Deutsche Bank will not be getting a bailout from the European Central Bank – the lender of last resort for European banks.
Revealing the truly dangerous threat the German megabank poses to the international banking system, a report from the International Monetary Fund in June implied that Deutsche Bank was a systemic risk to the global financial system.
Many fear that in the wake of Merkel’s refusal to bail out Deutsche Bank, Germany may now be considering a bail-in instead?
According to Investopedia:
A bail-in is rescuing a financial institution on the brink of failure by making its creditors and depositors take a loss on their holdings. A bail-in is the opposite of a bailout, which involves the rescue of a financial institution by external parties, typically governments using taxpayers money. Typically, bail-outs have been far more common than bail-ins, but in recent years after massive bailouts, some governments now require the investors and depositors in the bank to take a loss before taxpayers.
Essentially, this entails the bank stealing deposited funds, with virtually no recourse for those individuals who have their savings stolen.
It’s not at all beyond the realm of possibility, as it has happened before in very recent history. To keep the bank solvent, the Bank of Cyprus took almost 40 percent of depositor’s funds – leaving customers with essentially nothing they could do about having their money stolen. Assets were frozen and ATM machines were not refilled.
Perhaps this explains why in mid-August Germans were told by their government to stockpile 10 days worth of water, and five days worth of food in case of a “national emergency” hitting the country, with the Czech Republic following suit and making a similar announcement within days of the German warning.
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