“Deutsche Bank Poses The Greatest Risk To The Global Financial System”: IMF

From Zero Hedge:

Over three years ago we wrote “At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World” in which we introduced a bank few until then had imagined was the riskiest in the world.

As we explained then “the bank with the single largest derivative exposure is not located in the US at all, but in the heart of Europe, and its name, as some may have guessed by now, is Deutsche Bank. The amount in question? €55,605,039,000,000. Which, converted into USD at the current EURUSD exchange rate amounts to $72,842,601,090,000….  Or roughly $2 trillion more than JPMorgan’s.”

So here we are three years later, when not only did Deutsche Bank just flunk the Fed’s stress test for the second year in a row, but moments ago in a far more damning analysis, none other than the IMF disclosed that Deutsche Bank poses the greatest systemic risk to the global financial system, explicitly stating that the German bank “appears to be the most important net contributor to systemic risks.”

Yes, the same bank whose stock price hit a record low just two days ago.

End of quote, though the rest of the article is worth reading.

Watching Deutsche Bank over the last few years has been like watching a train wreck unfolding in slow motion. It’s risk appetite on many levels has meant that it’s failure was only a matter of timing.

And let’s not forget who the IMF is. Like the World Bank, the BIS and others, they are tools of the Jewish global banking elite, posturing as good guys when that’s the last thing they are.

And, also, let’s remember the Economist – a recognised Rothschild mouthpiece and used to foretell future events – had a cover a couple of years ago predicting a new global currency in 2018. I’d say they’re right on track.

We don’t have long to change the rules on them – or have events unfold in our world that achieve that end. I see a couple of candidates.

Richard

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