Up and down the City Road
In and out the Eagle
That’s the way the money goes
Pop! goes the weasel.
These talks about Deutsche Bank to be the second Lehman Brothers are going since March 2015. The first facts were disclosed by the US regulatory authorities to put Europe under pressure some critics grin. Modern monetary politics of the EU is highly dependent on Deutsche Bank. The exaggeration that Euro is Deutsche Bank is close to be true, however.
In the times when the modern economic system is staying on the verge of its one of the greatest crisis, there is to be found someone to pay for the “banquet”. To put it simply, the US wants Europe to pay, but those European guys baulk as they can. At the same time, it is widely known that Rothschilds have transferred part of their money from the US to the Eastern countries.
It is evident that some kind of game is taking place, but no one knows for sure where it will lead all of us.
Euro Zone Under Question
If Deutsche Bank goes bankrupt it will mean very bad times for an average European dweller and better (compared to Europeans) times for an average American dweller. As it will mean that Europe was chosen as a scapegoat.
The Euros perspective in such situation is highly questionable if there is any perspective at all. The Euro zone will be crashed and the EU will probably cease to exist in its present form. The unemployment rates in the European countries are sometimes very high, but at the time there is some money to pay for unemployment. When (if) Deutsche Bank crashes all those people will be left with their problems for themselves. The unemployment rate will rise dramatically and the living standards will go the opposite direction.
What does it mean for you if you live in America? Almost nothing.
What does it mean for you if you live in Europe? Bad times may come and you should be prepared (and to save extra money in Euro is not a winning option here).
The one warned may prepare oneself for everything – take care 🙂
Our new article on junk bonds default is ready.