//
you're reading...
debt, Deutsche Bank, Economic collapse, global economy

Deutsche Bank’s Derivative Exposure is a Time Bomb

I know.  The chart of European banks borrowing US Dollars (despite the WTF spike in late September) has nothing to do with derivatives.

20160928_basis2_0

According to this article at Zerohedge.com:

JP Morgan’s Nicoloas Panigirtoglou warns:

In our opinion it is not so much funding issues but rather derivatives exposures that more likely to trouble markets going forward if Deutsche Bank concerns continue.

 

This is especially true if these concerns propagate into a confidence crisis inducing more rapid unwinding of derivative contracts.

As we have detailed previously, Deutsche has the world’s largest so-called derivatives book—its portfolio of financial contracts based on the value of other assets. As Forbes notes, it peaked at over $75 trillion, about 20 times German GDP, but had shrunk to around $46 trillion by the end of last year. That’s around 12% of the total notional value of derivatives outstanding worldwide ($384 trillion), according to the Bank for International Settlements.

* I suspect that the scale of derivatives is 5-10 times larger, and that up to half a quadrillion dollars worth of digitial financial bets are going to unwind, with countless failure by counterparties to back up their end of the financial gambling, therefore massive defaults on a scale dwarfing global GDP seems likely.  Soon.  Could you survive if the whole financial world was destroyed?  Imagine billions of suddenly unemployed and starving people desperate for someone to offer them a solution – almost eager to give up their rights in exchange for some food and words of encouragement.  Even if you don’t take the Book of Revelation seriously, please keep its description of such events in mind.  I have written about this from a financial and a prophetic angle.  Are you taking any precautions?

Advertisements

About David Montaigne

Historian, investigator, and author of prophecy books like End Times and 2019, and Antichrist 2016-2019

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Nostradamus and the Islamic Invasion of Europe

The 16th century French prophet Nostradamus wrote thousands of predictions but his main theme is the military invasion of Europe by an Islamic alliance of nations in the early 21st century.

End Times and 2019

End Times and 2019

Astronomical alignments described in the Bible and other prophecies tell us WHEN the visions of prophetic events will occur - and they s point to an END in December 2019

Follow END TIMES PROPHECY on WordPress.com

Translate This!

%d bloggers like this: