Dr. Jim Willie: Deutsche Bank Is Keeper Of The Derivative Keys And It Is Going Down In Ugly Flames As The Economic Collapse Accelerating

 

Dr. Jim WIllie: www.GoldenJackass.com
Paul Sandhu: www.WakeUpandLive.com
Closing Track: https://youtu.be/DV9FuDU_7Pc

Topics:
1) Deutsche Bank collapse and possible contagion
– Credit Default Swap soaring from 90 in Dec to 120 in Jan to 260 in Feb
– near total collapse of DBank stock mimics the Lehman Brothers path
– in deal talks with Venezuela on gold swap (signal of Saudi demand in repatriated gold)
– told in 2013 of likely breakup of DBank into 7 entities (NEVER HAPPEN)
– DBank acquired Bankers Trust in 1998 from Wall Street site, as derivative shop
– could serve as the major bank sector fuse
2) Stock market freefall & Bond Market black hole
– decline in stocks benefits bonds
– USTBond rally sucks global capital, highly destructive phenomenon
– negative rates at big banks will accelerate movement of funds into USTBonds
– wrecked USFed balance sheet with toxic paper will motivate the bond rally black hole
– protected fortress of derivatives will motivate the bond rally black hole
3) King Dollar Isolation & Demise
– global Dollar margin call amidst Dollar shortage (MASSIVE SHORT SQUEEZE)
– credit drying up around world, sure to force huge Emerging Market debt defaults
– Russia accepts RMB as payment in China oil sales
– soon comes Saudi decision to accept RMB in China oil sales also
4) Iran invited to become third leg in Eurasian Trade Zone (Economic Union)
– Iran to recover $100 billion in frozen European banks from sanctions end
– Iran very low cost oil producer but Saudis and UAE slightly lower, Russia too
– Iran demands Euro currency in oil sales and past oil obligations (see India)
– Chinese President Xi Jinping and his Iranian counterpart Hassan Rouhani signed almost 17 agreements on economic and technological cooperation. Furthermore, the leaders announced they will cooperate on the China-led One Belt One Road initiative with projects toward infra-structure and industrial production facilities
– Russia leading oil price mechanism changes, invitation to Gulf Emirates and OPEC
5) Oil Price Impact in devastating display
– pressure in Venezuela, Nigeria, Azerbaijan, entire Gulf region
– entire Gulf Emirates plugging deficits with reserves
– Alberta Economy being crushed, seen in property market
– series of Standard & Poors debt downgrades in US energy sector
– oil hedges expiring, no support for energy firms and even drillers
– effect on big US banks, as Texas region suspends accounting rules
6) Portugal and Italy in race to light PIIGS fuse
– spike in Portugal Bond yield, suddenly 3.6% spread above German Bund
– Italy in bust as 24% decline in Italian Stock Market
– leading candidate banks are Deutsche Bank, Societe General (Fr), Barclays (Eng)
7) Turkey and Saudi Arabia likely for regimes to fall
– NATO splinter in progress, as Europe will not enter war with Russia
– big question remains on Turkish depot lines for narcotics trade
– Saudis own $3 to $5 trillion in USTreasury Bonds
– Saudi ready to devalue Riyal currency
– USGovt appears to have abandoned both Turkey and Saudis, tossed under bus
8) Normalization of relations with Russia
– Angela Merkel unpopular in Germany
– Merkel wants United Nations cushy post
– France wants to normalize relations with Russia
– Bavarian leader Seehofer visited Putin in Kremlin
• DEUTSCHE BANK IS KEEPER OF THE DERIVATIVE KEYS / it is going down in ugly flames
• Turkey Fires On Syrian Army, Kurds, Says “Massive Escalation” In Syria Imminent As Saudis Ready Airstrikes
• “We Are In A New Cold War”: Russia PM Delivers Stark Warning To NATO
• What Energy Bankers Are Really Saying: “We Are Looking To Save Ourselves Now”
• 10,000 Greek Farmers Stage Massive Revolt In Athens, Destroy Police Cars / Caught On Tape: 800 Angry Farmers Storm Greek Ministry, Beat Cops With Shepherd’s Sticks
• In Venezuela, “Savage Suffering” Takes Hold Amid Frightening “Food Emergency”
• Gold is beginning to glitter again, as is silver