Richard Presser's Blog – The Sceptical Bastard

Anybody who reads my posts will know I’ve been talking about the impending demise of Deutsche Bank for several months.

I have also been intrigued to watch its demise inexorably align with the Shemitah of this Jubilee year – this weekend. It’s been like watching the death throes of a wild beast; except its thrashing tail could bring down the entire global financial system. I don’t use these words lightly. And you might have seen its parlous state make the MSM in the last 24 hours. Here’s the latest:

It is not solvency, or the lack of capital – a vague, synthetic, and usually quite arbitrary concept, determined by regulators – that kills a bank; it is – as Dick Fuld will tell anyone who bothers to listen – the loss of (access to) liquidity: cold, hard, fungible (something Jon Corzine knew all too well when he commingled and was caught) cash, that pushes a bank into its grave, usually quite rapidly: recall that it took Lehman just a few days for its stock to plunge from the high double digits to zero.

It is also liquidity, or rather concerns about it, that sent Deutsche Bank stock crashing to new all time lows earlier today: after all, the investing world already knew for nearly two weeks that its capitalization is insufficient. As we reported earlier this week, it was a report by Citigroup, among many other, that found how badly undercapitalized the German lender is, noting that DB’s “leverage ratio, at 3.4%, looks even worse relative to the 4.5% company target by 2018” and calculated that while he only models €2.9bn in litigation charges over 2H16-2017 – far less than the $14 billion settlement figure proposed by the DOJ – and includes a successful disposal of a 70% stake in Postbank at end-2017 for 0.4x book he still only reaches a CET 1 ratio of 11.6% by end-2018, meaning the bank would have a Tier 1 capital €3bn shortfall to the company target of 12.5%, and a leverage ratio of 3.9%, resulting in an €8bn shortfall to the target of 4.5%.

When Citi’s note exposing DB’s undercapitalization came out, it had precisely zero impact on the price of DB stock. Why? Because as we said above, capitalization – and solvency – tends to be a largely worthless, pro-forma concept. However, when Bloomberg reported today that select funds have withdrawn “some excess cash and positions held at the lender” the stock immediately plunged: the reason is that this had everything to do with not only DB’s suddenly crashing liquidity, but the pernicious feedback loop, where once a source of liquidity leaves, the departure tends to spook other such sources, leading to an outward bound liquidity cascade. Again: just ask Lehman (and AIG) for the details.

Which then brings us to the $64 trillion (roughly the same amount as DB’s gross notional derivative exposure) question: since DB is suddenly experiencing a sharp “liquidity event”, how much liquidity does Deutsche Bank have access to as of this moment, to offset this event? The answer would allow us to calculate how long DB may have in a worst case scenario if we knew the rate of liquidity outflow.

For the answer, we go to a just released note by Goldman Sachs, which admits that it is now facing “crisis” questions from clients, among which “can a large European bank face a liquidity event” to wit”

Deutsche Bank stands at the center of the European financial system – it is a major counterpart of all relevant European banks, and broader. Recent reports of potential litigation hits have compounded capital concerns, and raised the overall level of market anxiety. “Crisis” questions are being asked: “is there risk of a financial crisis re-run” and “can a large European bank face a liquidity event”?

So what is the answer: how much liquidity does Deutsche Bank have access to? The answer is two fold, with the first part focusing on central bank, in this case ECB, backstops in both $ and €.

End of quote.

In line with that Chinese proverb; we live in interesting times.

In the light of all of this, you might want to watch Jim Rickards and Egon von Greyerz discuss 10000 gold.

Richard

Check out the extraordinary new, life-changing technology at www.magravsplasmaproducts.com

A classic example of what David Icke calls the Totalitarian Tiptoe:

No one’s favorite government agency, the U.S. Transportation Security Administration, will be harassing innocent travelers on buses and trains, if new legislation — unsurprisingly proposed after rather questionable ‘attacks’ in New York City and New Jersey on September 18 — passes as expected.

Several U.S. senators from both sides of the aisle apparently want to make travelers lives’ a veritable hell of red tape and insidious surveillance by increasing putative ‘security’ for rail lines, highways, and marine routes by adding presence and screening procedures at Megabus depots, Amtrak stations, and more.

As perpetually-terrified as the U.S. Department of Homeland Security likes to keep the population, considering the TSA’s phenomenally negative reputation at airports — passengers missing flights due to long lines, free molestations, confiscations of breast milk, and countless other good times — it’s highly doubtful the proposed legislation will receive more than tepid public support.

Bloomberg reports [emphasis added]:

“A bipartisan bill introduced Thursday by Senator John Thune (R-S.D.) would require the TSA to use a risk-based security model for these transport modes and to budget money based on those risks. It would require a wider use of the agency’s terrorist watch list by train operators and more detailed passenger manifests along with tighter screening of marine employees. The legislation would also increase the TSA’s canine use by as many as 70 dog-handler teams for surface transportation.”

Despite the blatant Orwellian overtones, senate sponsors insist the American public not get ruffled feathers — because, trust them, it’s not at all what you think.

“This is very much not creating for bus or rail transportation the [security] model that exists for aviation,” asserted spokesman for the Senate Committee on Commerce, Science, and Transportation, Frederick Hill, as quoted by Bloomberg.

End of quote.

It was only ever a question of when, and what was used as the trigger.

Richard

Check out the extraordinary new, life-changing technology at www.magravsplasmaproducts.com

If you look at the climate debate, the notion that the climate is not warming is considered heresy. And those who speak out against this propaganda are treated just like those who speak out against the Holohoax. With one exception. People are not yet being put in jail for speaking out against it as is happening with the Holohoax and I understand has just happened to 87yo Professor Robert Faurisson in France, though I am unable to confirm it. But they are losing jobs and they are finding they can’t get their papers even reviewed, let alone published.

Sadly, most of them haven’t looked deeply enough to understand that the IPCC, the body set up to look into global warming was rigged at the outset, with its terms of reference being restricted to human factors. Guess what they find? It’s one of the oldest tricks in the book.

So, I was pleased to see the climate conference in the UK proceed, despite having their venue cancelled on them – another of the favoured ways to shut down debate.

This video interviews some of the key speakers.

Richard

Check out the extraordinary new, life-changing technology at www.magravsplasmaproducts.com

Any questions?

Richard

Check out the extraordinary new, life-changing technology at www.magravsplasmaproducts.com

Remember as you watch this video that Brother Nathanael was born and raised a Jew before changing allegiances.

His perspective is always confronting to the mainstream and, in my opinion, usually a very accurate call on what’s actually going on in our world and who is doing it.

Richard

Check out the extraordinary new, life-changing technology at www.magravsplasmaproducts.com

Gordon Duff lays out how the sexual drive, fuelled by a range of carefully crafted incentives and the lubrication of the process by the agents of the global elite and their three letter security agencies across the globe, set up the horrors we are witnessing in the Middle East and Europe in particular:

The game is called chaos theory. The goal is destabilization, putting the world “in play.” The tool is sexual frustration driven by cultural bias and economic hardship, put in play by the CIA to move literal armies of young Islamic males around the world.

Those not being sent as jihadists for ISIS or the oft rebranded “moderate” mercenary surrogate armies, now flood the cities of the world where carefully orchestrated press, staged incidents, false flag terrorism and a very real social disaster is radicalizing fearful Americans and Europeans, driving them to political suicide. None of this is an accident.

To the CIA and other agencies that are run by social scientists with excessive moral flexibility, all conflict is good, an agent for change and all change can be controlled, directed and managed.

Agents of change are typically terrorism, political strife, poverty and, less well known, sex. You see, the current agent of chaos, the one dominating the world scene is testosterone, the drive for “coupling” by the endless population of young males willing to uproot themselves from hopeless lives and go wherever they are directed for whatever task is put in front of them.

All that is required is the promise of sex and maybe hope for a life of some kind even if the work is tyranny and beheadings.

The author of these migrations, mostly Islamic males, is the CIA, MI6 and the Mossad along with France’s DGSE. Intelligence agencies are agents of change “on the cheap” and operate best when governments fall, when alliances crumble and when social unrest festers and erupts into open conflict.

Here, the “masters of the universe,” the Washington and Tel Aviv think tanks, the self-proclaimed geniuses of Whitehall, themselves no more than jackals serving an unseen master, manipulate the world with Twitter and Facebook. There is a wonderful efficiency to social media, anonymous, deniable, cheap and dirty, oh so very dirty.

In America, it is done from Ft. Huachuca, Arizona, the US Army Intelligence School. There every Arabic dialect is known, every social network penetrated, the word is put out:

“German women are all whores, you can simply rip their clothing off and have your way with them. German authorities are cowards, the German people weak and best of all, the German government will pay you to live like a king and you never have to work.”

End of quote.

I commend the rest of his article to you.

Richard

Check out the extraordinary new, life-changing technology at www.magravsplasmaproducts.com

The myth of the holocaust (the extermination of 6M Jews by Hitler’s Germany) is gradually being revealed.

I was personally shocked to discover this in my own research.

But when the scales fall from your eyes, the evidence is everywhere and the scale and horror of the lies become such a beacon of the Jewish all-encompassing deceit I referred to earlier.

And so, this interview becomes yet another illustration of this unfolding revelation and of the way the game is played.

Have you noticed how Jews are champions of multiculturalism everywhere except Israel, for example? Take a look. They’re at the forefront of its promotion throughout Europe, Britain, the United States, Australia, etc. But don’t suggest it for Israel. That’s anti-Semitic!!! And so, to the interview between Jonas Alexis and Germar Rudolf:

Alexis: Some writers have proposed that there is a “new tactic of using natural sciences to deny the Holocaust,” and it “seemed to be successful and was able to impress less-informed people.” Those writers place you in the same category. Ironically, they could not provide serious evidence against what you are actually proposing. They are not even trying. They write,

“Although Rudolph’s report, of which several disputed versions exist, appears to be more scientific and serious than Leuchter’s, it is scientifically as flawed as Leuchter’s. Rudolph was finally dismissed by the Max Planck Institute and has now found his way into right-wing extremist circles that exploit his report.”^[1]

I had to laugh a bit because I thought they previously argued that your report was “scientifically as flawed as Leuchter’s.” I was expecting to see rigorous scientific evidence against the report, but what I found was mumbo jumbo. They seem to believe that the last statement—that you were dismissed by the Max Planck Institute—is “scientific”. Can you address these points here?

Germar Rudolf: Those people are wrong. I wasn’t dismissed. The Institute tried to fire me, but when I sued them for violating our contract, they agreed to withdraw that dismissal and to replace it with a mutually-agreed-upon termination of my limited employment contract three months prior to its original expiration date. The legal difference between a mutual agreement and a dismissal is considerable. It was important for me to keep the record clean.

Next, science is not a tactic. It’s the reason why we no longer sit in trees eating bananas. And it’s the only way to get things right, even when it comes to researching the Holocaust. It’s also not impressing “less-informed people,” but rather more-informed people, like for instance the science historian Dr. Nicholas Kollerstrom, who, after learning about my research, turned revisionist himself and has since contributed considerably to the field with his book Breaking the Spell (2nd ed., Castle Hill Publishers, Uckfield 2015), or like associate professor Dr. Thomas Dalton, author of Debating the Holocaust (Theses & Dissertations Press, New York 2009; 2nd ed., Castle Hill Publishers, Uckfield 2015).

There are many more scholars and academics like that, but most of them either use pen names to avoid persecution, or they work merely in the background by helping other revisionists with their research.

Those claiming that my expert report is flawed and has been refuted, usually refer either to a paper by an Austrian chemist first published in the mid-1990s,^[2] or to a number of online papers written by the U.S. chemist Dr. Richard Green, which were wiped off the net when the domain where they were posted got deleted earlier this year.

I have scrutinized both so-called “refutations” in detail in Chapter 8.4. of the 2003 and 2011 English editions of my expert report, where I show that their arguments are so deeply flawed that they are truly embarrassing. I also published a deeper critique of their “rebuttal” in a separate book dedicated to discussing these and other, less pertinent attempts at refuting revisionist arguments.^[3] That book also contains a critical review of Shermer’s and Grobman’s anti-revisionist book.

As to right-wing extreme circles: the term “extremist” usually refers to individuals willing to employ illegal methods in furthering their ideology. The problem with that is that it is the German government who is employing illegal methods to suppress free speech. Hence, it’s the German government that’s extreme, not its victims.

That has become clear when in 2009 the German Constitutional High Court decided that the German law used to prosecute historical dissidents is a special law designed to suppress only certain views on certain topics. As such, the court stated, it would usually be unconstitutional; but then they rubber-stamped that law anyway, saying that the exceptional experience of National Socialism justifies exceptional laws.^[4]

So even the German High Court violates the German Constitution, for even if the highest judges decree that black is white, that doesn’t turn black into white; it only turns judges into criminals in robes.

Furthermore, in the early 1990s, when I was getting involved in revisionism, the German authorities believed their own propaganda that I had to have been some leading figure in “right-wing extremist circles.” One day several cops showed up at my home, asking me out for a chat. They asked me to use my influence on the “scene” to prevent any major demonstrations on occasion of the umpteenth anniversary of the murder of Rudolf Hess.

Fact is that I was neither aware of that anniversary nor of any “scene” organizing anything, because I have never been a part of those circles. But I guess they keep believing in their own false political propaganda, just like they keep believing in their own false Holocaust propaganda.

Alexis: On a side note, I have been fascinated by a Washington Post article entitled, “Auschwitz is a sacred place of Jewish memory. It’s no place for a Catholic church.” It’s written by Avi Weiss, senior rabbi of the Hebrew Institute of Riverdale and the author of the forthcoming book Open Up the Iron Door: Memoirs of a Soviet Jewry Activist. Interestingly, Weiss says that 1.1 million Jews were murdered in Auschwitz![5]

Whatever happened to the four million figure? I also thought it was interesting for Weiss to say that “Auschwitz is a sacred place of Jewish memory.” This really goes back to what Israel Shamir said, that the so-called Holocaust “replaces Christ with Israel, Golgotha with Auschwitz, and the resurrection with the creation of the Jewish state.”[6]

Germar Rudolf: Very true. The Holocaust has been transmogrified into a secular religion, if there can be such a thing.

End of quote.

Rudolf goes on to illustrate this point.

As Mark Twain said, “It’s easier to fool people than to convince them that they have been fooled.”

How true.

Interestingly, this brief video claims that:

Published from 1948 to 1959

“Eisenhower’s Crusade in Europe” a total of 559 pages;

“Churchill’s Second World War”, (the 6 volumes) I total of 4,448 pages;

De Gaulle’s three-volume “Memoires de Guerre”, a total of 2,054 pages;

In this mass of writing, which altogether totals 7,061 pages; “one will find no mention either of Nazi “gas chambers”, a “genocide” of the Jews or of “six million” Jewish victims of the war.”

Richard Lynn, Professor Emeritus, University of Ulster

Richard

Check out the extraordinary new, life-changing technology at www.magravsplasmaproducts.com

In my opinion, Mike Adams has become one of our world’s thought leaders and is seeking to provide leadership away from the false paradigm that is served up to us every day as “reality”. His latest video TRIBALISM: How social engineering destroys free thought is a powerful illustration of his approach. I encourage you to take ten minutes and watch this video. His approach to his own life as he expresses it in this video is very similar to my own.

It is one of a series that Mike is putting together. You can find a list of them here.

Richard

Check out the extraordinary new, life-changing technology at www.magravsplasmaproducts.com

Let me begin with this post entitled “The battle is joined”:

The NWO globalists have been losing their grip on The Narrative for quite some time now and we can largely thank the internet for this happy state of affairs. The only problem is that the enemy controls the whole internet infrastructure, every single layer, from the hardware backbone right up to the search algorithms and the metadata which they rely on. And now the enemy is regrouping and fighting back. An unholy alliance of transnational organisations and relevant (((tech companies))) is working to block all manifestations of Web-based ThoughtCrime.

“The internet is a place for free speech, not hate speech,” says Vera Jourova, the EU Commissioner responsible for Justice, Consumers and Gender Equality (yugh). She added that the code of conduct will ensure that public incitement to violence to hatred has “no place online.” The real objective here is to enforce existing EU “anti-hate” legislation on the pesky Internet Wild West. There are two main components. The first is to block expressions of ThoughtCrime. Towards this end the companies have made a massive investment not only in algorithms which seek out and erase offending terms and also in complex and immensely powerful artificial intelligence programs capable of subtly analysing the context of on-line opinion.

As an aside I understand that Google are now taking measures to seek out and ban the (((code))) which exposes Jewish identity. The symbol has been described as a secret signal because punctuation does not show up in ordinary web searches. Which of course was why it was deployed in the first place. But the interesting thing is that Google claim the symbol, and I quote, ‘breaks our hate speech rules’. So identifying someone as Jewish in itself represents ‘hate speech’? Amazing. But you can see where they’re coming from. Because if Jewish identity was openly highlighted their massive and scandalous over-representation at the commanding heights of every White country would become obvious to even the most benighted serf.

The second prong of attack is directed at Internet anonymity. If successful this would negate one of the Alt-Right’s most powerful weapons. And the NWO globalists know this. Again the EU role is central with its plan to monitor everything Europeans do on-line by having all their Internet activities linked to a proposed unified government ID. This would annihilate on-line anonymity and enable the tentacles of the Leviathan to penetrate every home. It’s Big Brother redux, where Orwellianism flourishes like fungus in the darkness of the forest.

And to copper-fasten the Orwellian nightmare we now have the “YouTube Heroes” program. In an eerie echo of Stalin’s Children informing on their parents’ the YouTube army of  “Heroes” will henceforth render the platform a kill zone for unsanctified opinions. (If you clicked on the link you’ll have noticed that comments have been closed. This is because they had been running about 8:1 against the project before closure.)

The foregoing is but a very high-level summary of the globalistas’ plans to disempower us. My belief is that the battle will ebb and flow, for every restriction imposed brilliant minds among us will develop a counter-measure, which will in turn be countered and so on. My considered belief is that the censors will steadily lose out. It’s already happening with the MSM wherein the dichotomy between editorial/reporting content and reader comments (even when heavily censored) grows starker by the day.

Ah, the sweet smell of the piss in their pants as they realise the game is up is like balsam to me.

End of quote.

You may be aware of the “gentle focus” I have sought to bring to this widespread subversion, such as this article or this article. And the so-called multiculturalism “debate” is a classic example, but there are another hundred subjects you could choose, including such things as the Cloward-Piven Strategy or – dare I say it – the holocaust.

And I have seen this censorship at work. For example, Andrew Joyce, under the Twitter handle @AJOccidental began to share the lowdown on a large array of Jews peddling their particular piece of this highly complex and coordinated campaign to deconstruct Western culture and society, a campaign that is centuries old and currently on steroids. Here is a minor example. Only to find that the ability for others to retweet his tweets was disabled by Twitter, causing him to switch to @skype_directory for his tweets. Time will tell how long he is able to use that handle without censorship.

People are waking up to this manipulation – painfully slowly, in my opinion – but it’s growing.

Update: And, lo and behold, the next thing I read is this excellent analytical article by Jonas Alexis entitled Vladimir Putin intellectually destroys NWO agent and Yale historian Timothy Snyder:

Popular historian and Yale professor Timothy Snyder has recently put his credibility on the line by postulating one fallacious argument after another. Snyder argues that Vladimir Putin is a fascist attempting to meddle “in America’s election.”^[1]

My respect for Snyder as a historian has now taken a low blow, not because he attacks Russia but because his argument is just logically incoherent and repugnant. Snyder declares that Putin once described the “collapse of the Soviet Union as a ‘geopolitical catastrophe.’” But Snyder did not have the intellectual courage to describe the context in which the statement was uttered.

Snyder does know that this is an ambiguous statement. It could mean that the Soviet Union, like the collapse of Mao’s Great Leap Forward, was a “geopolitical catastrophe.” But Snyder has to leave the impression that Putin was basically saying that he espoused the ideology of the Soviet Union.

Snyder is making a totally stupid move here. He could never tell his readers that Putin declared that the Soviet government’s composition was “80-85 percent Jewish.”^[2] Putin moved on to add that those people

“were guided by false ideological considerations and supported the arrest and repression of Jews, Russian Orthodox Christians, Muslims and members of other faiths. They grouped everyone into the same category. Thankfully, those ideological goggles and faulty ideological perceptions collapsed.”^[3]

Does that sound like Putin really loves the fundamental ideology of the Soviet Union? You see, Snyder will never tell his readers facts like these because they will ruin his ideological hermeneutic and political manipulation. He adds a perverse political equation in his article which can be debunked with little mental exercise.

End of quote.

From Alexis’ words, you might conclude that he recognises that Timothy Snyder is Jewish and hence speaking “out of the corner of his mouth” on this, but I’m not sure. If you look at Snyder and his positioning, he’s one of thousands of Jews that have been guided into positions of apparent “authority” which, in this case, is academic, from which he can promote his particular thread of this incredibly complex tapestry. And it IS complex, and – almost – all consuming.

And so it goes…

Richard

Check out the extraordinary new, life-changing technology at www.magravsplasmaproducts.com

The fact that Israel has a stockpile of nuclear weapons (reportedly about 200) is an open secret.

What is not so well known is they have been using micro and mini nukes for decades.

This recent VT article restates the evidence that Israel used a neutron bomb in Yemen in 2015.

However, those who have had the fortitude to read Dmitri Khalezov’s 9/11 tome will know that he maps the evidence that both the Bali nightclub bombing and the bombing of the Australian Embassy in Djakarta were micro-nuclear events, illustrated by the burn pattern on the paintwork on this car at the Bali bombing site:

It is burned where it experienced the direct flash of the blast wave and untouched where it did not.

And he gives many other examples.

So, the Israeli military and Mossad have been doing this for decades. It just never gets discussed in the MSM.

It is hard for non-Jews to grasp the depth of deceit of many Jews and the hatred they carry for non-Jews. As I’ve said many times, this does not apply to all Jews, but unless non-Jews begin to understand this, we will never act to disarm them, in every way that is needed.

Some consider it’s already too late. I’m not amongst them.

Richard

Check out the extraordinary new, life-changing technology at www.magravsplasmaproducts.com