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collapse, depression, Deutsche Bank, Economic collapse, financial collapse, global collapse, great depression, Jim Rogers

Deutsche Bank Shows Global Financial System Danger – Jim Rogers

“When traditionally stable institutions like Deutsche Bank find themselves in trouble, it’s a signal that the world’s financial system will face big problems down the road, legendary investor Jim Rogers has told RT.

On Monday, [July 8, 2019] the German multinational investment bank –and the world’s 15th largest bank by total assets– started cutting thousands of jobs as part of an $8.3 billion overhaul announced one day earlier. The bank’s workforce is set to be reduced by 18,000 to around 74,000 employees by 2022, as Deutsche Bank scraps its global equities and trading operations….

“The financial system is in trouble and this is just one sign of what is going on. This has happened in previous financial problems…. central banks around the globe drove interest rates “to crazy levels,” and now we have to pay the price for that.

This led to what “we think is a stable and sound [bank] start making speculative loans… and then what used to be strong banks get in trouble.”

….Rogers offered a reminder that some stable banks went bust when nobody expected it, as was the case with Lehman Brothers in 2008.”

It’s really simple: Bad economic decisions SHOULD lead to occasional losses – but governments have not allowed the financial [pain] punishment that should have followed dangerous and risky investing for POLITICAL reasons.  So they intervene with very low interest rates, allowing institutional borrowers to get into DEBT to cover today’s losses with tomorrow’s profits.  The CORRECTION of IMBALANCES is postponed beyond their watch.  Then new problems arise, but the same companies, already in debt for old mistakes, took risky positions to profit enough to pay off the debt covering their old mistakes, making new ones which make the situation worse with even bigger losses.  EVENTUALLY [maybe very soon] the whole system unravels when no one will loan more, and no one can borrow more, and no one can pay off their debts.  Under such conditions, major banks can collapse, people can’t get their money back, and Great Depression II ensues.  WWII fixed the last depression.  Will GDII bring on WWIII?

Excerpts above from Russia Today’s article:

Deutsche Bank’s brutal overhaul is sign that global financial system is in trouble – Jim Rogers


About David Montaigne

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


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