I have discussed several times the exposure that Deutsche Bank represents to the global financial system. In truth, it ran out of track in 2016 but was rescued by mostly Chinese money. However, this exposure is not going away and in this video, Lynette Zang discusses in detail the state of Deutsche Bank and its implications for the global financial system.
The collapse of Deutsche Bank will not be the trigger. As with the flapping butterfly wings theoretically creating a hurricane (chaos theory), no-one knows what the trigger will be. It will only be spotted in hindsight. Nor when the trigger will come. But we can confidently say that Deutsche Bank will be the financial tsunami that will sweep the entire current financial system away, ignoring such minor things as the US bond market implosion that has begun. Investors have not yet begun running en masse for the exits, triggered by increasing bond market interest rates, but that time is not far away. Many eyes are watching for the 10-year US bond interest rates to exceed the 30-year interest rates, technically called an inversion. This is considered a sure sign of a coming economic downturn. That moment is not far away. And what awaits us is a financial event we have never experienced and perhaps the world has never experienced. It will be a global financial reset.
Have you prepared yourself? Personally, I agree with Lynette’s precious metal advice.
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