{"id":47325,"date":"2019-07-19T09:08:13","date_gmt":"2019-07-19T14:08:13","guid":{"rendered":"https:\/\/olduvai.ca\/?p=47325"},"modified":"2019-07-19T09:14:31","modified_gmt":"2019-07-19T14:14:31","slug":"a-bank-with-49-trillion-dollars-in-exposure-to-derivatives-is-melting-down-right-in-front-of-our-eyes","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=47325","title":{"rendered":"A Bank With 49 Trillion Dollars In Exposure To Derivatives Is Melting Down Right In Front Of Our Eyes"},"content":{"rendered":"\n

A Bank With 49 Trillion Dollars In Exposure To Derivatives Is Melting Down Right In Front Of Our Eyes<\/a><\/h3>\n\n\n\n
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Could it be possible that we are on the verge of the next \u201cLehman Brothers moment\u201d?  Deutsche Bank is the most important bank in all of Europe, it has 49 trillion dollars in exposure to derivatives, and most of the largest \u201ctoo big to fail banks\u201d in the United States have very deep financial connections to the bank.  In other words, the global financial system simply cannot afford for Deutsche Bank to fail, and right now it is literally melting down right in front of our eyes.  For years I have been warning that this day would come, and even though it has been hit by scandal after scandal<\/a>, somehow Deutsche Bank was able to survive until now.  But after what we have witnessed in recent days, many now believe that the end is near for Deutsche Bank.  On July 7th, they really shook up investors all over the globe when they laid off 18,000 employees and announced that they would be completely exiting their global equities trading business<\/a>\u2026<\/p>\n\n\n\n

It takes a lot to rattle Wall Street.<\/p>

But Deutsche Bank managed to. The beleaguered German giant announced on July 7 that it is laying off 18,000 employees\u2014roughly one-fifth of its global workforce\u2014and pursuing a vast restructuring plan<\/a> that most notably includes shutting down its global equities trading business.<\/p>

Though Deutsche\u2019s Bloody Sunday seemed to come out of the blue, it\u2019s actually the culmination of a years-long\u2014some would say decades-long\u2014descent into unprofitability and scandal for the bank, which in the early 1990s set out to make itself into a universal banking powerhouse to rival the behemoths of Wall Street.<\/p><\/blockquote>\n\n\n\n

These moves may delay Deutsche Bank\u2019s inexorable march into oblivion, but not by much.<\/p>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

A Bank With 49 Trillion Dollars In Exposure To Derivatives Is Melting Down Right In Front Of Our Eyes Could it be possible that we are on the verge of the next \u201cLehman Brothers moment\u201d?  Deutsche Bank is the most important bank in all of Europe, it has 49 trillion dollars in exposure to derivatives, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[52,63,1668,26312,1839,26311,312,4901,7452,26313,13070,14228],"class_list":["post-47325","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank","tag-banks","tag-derivatives","tag-derivatives-exposure","tag-deutsche-bank","tag-financial-connections","tag-financial-crisis","tag-michael-snyder","tag-the-economic-collapse-blog","tag-the-financial-crisis-of-2019","tag-the-global-financial-system","tag-too-big-to-fail-banks"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47325"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47325\/revisions"}],"predecessor-version":[{"id":47326,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47325\/revisions\/47326"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}