Archive - Jun 8, 2015 - Blog entry
If Things Were Bad in 2008… What's Coming Will be Far Far Worse
Submitted by Phoenix Capital Research on 06/08/2015 14:26 -0500The Fed and other Central Banks not only don’t have a clue how to fix the problem, but that they actually have almost no incentive to do so.
Watch As Blockchain & GAFA (Google, Apple, Facebook, Amazon) Send Slower Banks The Way of the Classified Ad
Submitted by Reggie Middleton on 06/08/2015 10:14 -0500While most bank executives are concerned about GAFA owning the customer experience, they are blinded to the vision of the forest due to the tree standing in their way. The true risk is outright disintermediation as the banking function is turned into cloud-based P2P software through the blockchain.
Deutsche Bank CEOs “Shown Door” – World’s Largest Holder of Derivatives In Trouble?
Submitted by GoldCore on 06/08/2015 07:24 -0500Deutsche Bank’s derivatives position is truly enormous. It was recently estimated to be around $54 trillion. Germany's GDP, the 4th largest in the world, was a mere $3.64 trillion in 2015. Were Deutsche Bank caught off-side in its derivatives positions there is not a government or institution on earth that could bail it out and it could lead to contagion in the German financial system and indeed in the global financial system.
