Did China rescue Deutsche Bank?

As we approached the end of September and entered October, the imminent demise of Deutsche Bank was on the lips of many insiders and the MSM alike. Then everything went quiet. And nobody was even commenting on the silence. It intrigued me. Even Zero Hedge went silent at the end of October, which raises who really runs it. Even Parkes’ own website doesn’t carry the story.

Then tonight I was listening to Simon Parkes, who said that the Chinese had purchased 25% of Deutsche Bank. So, I went looking. The only evidence this might have happened that I could find is this article from October 9, 2016, raising the possibility that China could take this step.

And the only thing I can say is SOMETHING has happened to save its skin, at least in the short term.

But the silence is deafening.

Richard

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