Banks Are Merging As MASSIVE CRASH Is Imminent! – What You Need To Know
Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent example of the completely devastated banking system.
As we recently reported on, all major banks’ share values are currently in the red year to date following JP Morgan’s drop.
All banks are insolvent. None have recovered since 2008. The cash to deposit ratios at the big banks is shocking to say the least. Many of them can’t cover 10% of deposits with cash not to mention many can’t cover 0.15% of deposits with cash. Talk about dire!
All the while, Deutsche Bank’s shares have been steadily falling for 10 years and they recently announced they will be laying off 10,000 employees, approximately 1 in 10 employees. The bank was also downgraded by the S&P from A- credit score to BBB+.
Well now, Deutsche Bank is hoping to merge with Commerzbank AG. Chairman Paul Achleitner has announced the talks are in progress, though no decisions have been made.
At the same time as this potential merger, we are seeing countless problems arise out of Italy with banks such as Monte Dei Paschi and Unicredit. Well, Unicredit is now pushing for a merger with Societe Generale SA, a French bank with many of its own problems.
We saw mergers of many retail giants in the past few years as they prepared to go under. Well, we are seeing something eerily similar with the big banks.
John breaks down how central banks are causing these problems, what caused the Lehman Brothers collapse and how what we’re seeing now is far more destructive and problematic.
The fundamentals are off the table due to the level of manipulation in the markets as well as the monetary system, so we cannot put a date on the crash, but we know it has to inevitably happen, so for that reason we must be aware of the many problems and understand money for the sake of being ahead of the game and being able to protect ourselves.
Self sustainability is crucial.
Stay tuned as we continue to cover this incredibly important issue!
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
Visit us at www.WorldAlternativeMedia.com
LIKE us on Facebook here:
Follow us on Twitter here:
FIND US ON STEEMIT:
BUY JOHN SNEISEN’S LATEST BOOK HERE:
Help keep independent media alive!
Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship!
Buy Tickets for G. Edward Griffin’s much anticipated Red Pill Expo 2018 in Spokane, Washington by clicking the link below:
World Alternative Media
“Find the truth, be the change!”