A few months ago we spoke with Stephen P Kendal about the inevitable crash of Deutsche Bank as their derivative exposure hit 75 trillion dollars which is the GDP of the entire world, not to mention the fact that Germany’s GDP is 3.7 trillion. We still remain convinced that Deutsche Bank will collapse and with the recent news that Moody’s downgraded Deutsche Bank’s credit rating, we’re more convinced than ever.
While Deutsche Bank ridiculously claims that everything’s going to be okay, facts seem to prove otherwise. We believe it will be the next Lehman Brothers, except far worse as Deutsche Bank desperately tries to prop themselves up.
With a global economic collapse looming within the next few years, the question is, how long can these banks and economies withstand the weight of the debt they’re sitting on?
We will continue to update you on this issue as it unfolds. We are strictly giving our opinions but the facts seem to detail a massive collapse in the near future. We are messengers simply trying to pass on information for others to do due diligence and keep themselves, their families and their friends safe in the case of the inevitable collapse.
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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