So Many Triggers

Tyler Durden's picture

Authored by Jeff Thomas via InternationalMan.com,

It’s not a story that’s likely to appear on the evening news, but it certainly should.

Deutsche Bank has announced that it will create more shares, selling them at a 35% discount. Existing shareholders have not been pleased and, in the first four days since the offer was announced, the value of existing shares dropped by 13% as shareholders began dumping them.

So why on earth would Germany’s foremost bank do something so rash? Well, in recent years, the bank has been involved in many arbitrations, litigations, and regulatory proceedings as a result of fraudulent activities, including the manipulation of markets. Having been found guilty, they presently owe $7.2 billion to the US Department of Justice and are now facing an additional $10 billion litigation bill. Unfortunately, the bank is already broke and, should Deutsche actually be able to sell the new shares, the $8.6 billion they hope to receive will still not save them from bankruptcy.

Business has also not been so good. They’ve lost nearly $2 billion in the last two years, instituted a hiring freeze, cut bonuses by 80%, and are facing a $2.5 million civil penalty to pay to the Commodity Futures Trading Commission for failure to report transactions and, not surprisingly, have been downgraded.

The German government has stated that they will not bail out Deutsche and, indeed, under the EU agreement, they cannot do so. It’s safe to say that Germany’s largest bank will soon go the way of the dodo.

For those who don’t live in Europe, this may not seem all that significant. However, Deutsche is the bank that funds the euro system, which they can now no longer do. Further, Deutsche is ten times larger than Lehman Brothers, an American bank that famously went down in 2008, heralding in that year’s economic crash. (Ninety percent of Deutsche’s revenue has been from derivative trading, which is what brought down Lehman.)

Upon the collapse of Deutsche Bank, four major US banks would be expected to become insolvent in a matter of days. The ripples would then continue to spread outward into the economic system as a whole.

Now for the Bad News

For many years, I’ve made repeated reference to the fact that the Western powers have been headed south economically, repeatedly relying on strategies that would provide short-term gain but would ultimately create long-term pain. They’ve been remarkably consistent and steadfast in this trend and, at this point, Deutsche is merely the latest trigger that may bring down the system. The other potential triggers are as serious as they are diverse.

  • Recently, foreign governments have been selling US Treasuries back into the US market at the fastest rate in history (indicating their belief in a future devaluation of the dollar).

  • The Dodd-Frank Act of 2010 was intended to legally end the possibility of quantitative easing. It did, however legalise the bail-in, authorizing banks to confiscate (steal) deposits. In other countries where a bail-in has been introduced, governments additionally seized pension funds, retirements, etc., often paying for them either with stocks in a failing bank or a bond, then defaulting on the bond.

  • The stock market is in a larger bubble than in 2008 and is overdue for a crash.

  • Bonds are in their largest bubble in history and are also overdue for a crash.

  • Derivatives, which triggered the last major crash, are now at a higher level than in 2007, indicating yet another overdue trigger.

  • Much of the world is moving away from the petrodollar, which is significantly responsible for the continued hegemony of the US dollar internationally. Many countries now routinely effect payment for fuel in other currencies.

  • Russia has recently announced the creation of its own SWIFT system (as did China not long ago), making it possible for them to effect international payments without the need to go through SWIFT in Brussels, which is largely controlled by the US.

  • On 15th March, the US hit its debt ceiling and can no longer legally continue to borrow money. It’s estimated that the money remaining in the Treasury will be exhausted on 1st June. After that point, if major money transfusions do not take place, the US government ceases to fund itself, its many agencies, and its entitlements. (There apparently is no plan in place that could provide sufficient funding.)

These are just a few select high points, and there are quite a few other triggers out there, any of which, if pulled, would serve to collapse the economy very quickly. And the list keeps growing.

The question is not “if” but “when.” In the end, it will matter little which trigger it will be, as, like a string of firecrackers, when one explodes, a chain reaction is set off. Therefore, anyone who is dependent in a significant way upon the government, financial institutions, and/or markets of any of the major Western powers is likely to understandably feel like the fellow in the photo above.

Are There Any Good News?

There may be, but only for those who are able to extricate themselves from the systems in the previous paragraph.

Those who remove their money from banks (both deposits and safe deposit boxes) may stand a better chance of not losing it.

Those who have a pension can expect to lose the income, but those who have an IRA or similar fund can transfer it into a gold IRA in a foreign country that’s less exposed to the Western powers.

Those who own stocks and bonds can choose to liquidate them and invest the proceeds in real estate and precious metals in a country that’s less likely to be affected.

Those who live in an affected country can expect to be facing, at best, civil unrest following a crash and, possibly, riots or even revolutionary activities. But those who secure alternate legal residency and/or a physical address abroad may be able to step away from the fray before it impacts them directly.

At this point, the writing is most vividly on the wall. The degree to which the individual is spared the effects of the coming debacle will depend directly upon the degree to which he has removed himself from the system beforehand.

*  *  *

The truth is, the world’s financial systems are sick and dying. For years, governments and central bankers have kept these unstable institutions alive with little more than economic witchcraft. Now they’re quickly running out of spells… We are now on the cusp of an unparalleled global economic meltdown. This looming disaster will be far worse than the 2008 financial crisis. Many people will lose everything. The good news is you can take concrete steps to “opt out” of the chaos. New York Times best-selling author Doug Casey and his team put together this urgent video with all the details. Click here to watch it now.

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Donald Trump's picture
Donald Trump (not verified) Apr 10, 2017 6:01 PM

One trigger(ed) is bob bitchin'. But hey, every village should have it's idiot

Maybe we'll make a documentary about these characters.

Meawhile there's one about Assange:

VIDEO: New Documentary on Julian Assange Coming This Summer


'njoy

 

Mr. Universe's picture

Wait a minute, somethings wrong here...

Russia has recently announced the creation of its own SWIFT system (as did China not long ago), making it possible for them to effect international payments without the need to go through SWIFT in Brussels, which is largely controlled by the A. The privately owned Federal Reserve B. International Banksters C. Jews D. All of the above

fixed it.

bob_bichen's picture
bob_bichen (not verified) Mr. Universe Apr 10, 2017 6:07 PM

RE:  DAILYWESTERNER,COM    SPAMMER f (above) 
***AT the top:   
Donald Trump     soon to be joined by AKA's   ares_xtreme   AKA  john doeberg   AKA alt right girl   AKA   dyler_turden  <<< The "dailywesterner,com" SPAMMER with dozens of log-on's  (see below for your list)  DO NOT FOLLOW ANY LINK WHATSOEVER TO THIS malware- TROJAN-  AND  VIRUS-PLAGUED WEBSITE.  (links may be disguised as "goo,gl" or embedded as "hidden" links"   or in this case    youtube!   -- DO NOT FOLLOW ANY LINK!!!! 

{{Users who would like to communicate DIRECTLY with this Spamming Troll may wish to call the number listed on his facebook page:    *67-1-716-216-2454.  [The *67 assures that YOUR number remains anonymous, just like his posts.  Works on ALL phones, cell and landline!]

`

ZH USERS MAY wish to send an email to abuse@zerohedge.com and request that this spammer, in all their multiple personalities, be PERMANENTLY BANNED and their CONTENT REMOVED!!!  (copy and paste your list from following)

••dailywesterner,com LOG-ONS::
mdr attitude
john_doesky
xtnd_media
Dyler_Turden
ares_xtreme
Donald Trump
John Law Livez
Comtrend
book man
alt-right girl
john doeberg
alt right dude
blue fin
audio feeline
Art Van Delay
TrollAndDump
XYTHRAS

Praetorian Guard's picture

You have way too much time on your hands. In the end WHO GIVES A FUCK??? You are worried about spammers, when the fucking world is disintegrating??? Wow, do I choose spammers or instant sunshine in a can... that's a tough call...

 

If you are interested, though, you and everyone else is welcome at www.gunsgrubandgold.com

:)

Mr Blue's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... http://bit.ly/2jdTzrM

Donald Trump's picture
Donald Trump (not verified) Mr. Universe Apr 10, 2017 6:09 PM

Would you mind be so kind to ad BRICS into that equation?

And soon Iran might join them.

No wonder zionists foam at the mouth whenever they hear about Russia and it's new deals.

 

bob_bichen's picture
bob_bichen (not verified) Donald Trump Apr 10, 2017 6:11 PM

Donald Trump  <<< CHRONIC SPAMMER !!!

SilvaDolla's picture

Need any sparkly protest rock music for the soundtrack? It was Produced in Nashville and I own ALL the rights to it. Here's just one example.

https://youtu.be/8LK3znG5jK4

Shoot me an email. Let's talk. Cheers.

plvnetsyzygy@gmail.com

Lucky Leprachaun's picture

Who's the poor bastard in the foto?

Donald Trump's picture
Donald Trump (not verified) Lucky Leprachaun Apr 10, 2017 6:03 PM

Anthony Joseph Drexel Biddle, Sr.

was an eccentric millionaire whose fortune allowed him to pursue theatricals, self-published writing, athletics, and Christianity on a full-time basis.

Biddle opened a military training facility, where he trained 4,000 men. His training included long hours of calisthenics and gymnastics, and taught skills such as machete, saber, dagger, and bayonet combat, as well as hand grenade use, boxing, wrestling, savate and jiujitsu.

bob_bichen's picture
bob_bichen (not verified) Donald Trump Apr 10, 2017 6:08 PM

Donald Trump <<<  CHRONIC SPAMMER

Donald Trump's picture
Donald Trump (not verified) bob_bichen Apr 10, 2017 6:10 PM

Suck my presidential cock.

You have been elected ZH's VILLAGE IDIOT

 

bob_bichen's picture
bob_bichen (not verified) Donald Trump Apr 10, 2017 6:12 PM

Donald Trump  <<< CHRONIC SPAMMER

Truther's picture

@Donald Trump

Ok, I need to confess to you. I had your mother last night. Boy it was sometin.

She wished you were dead..... Because you betrayed her to your daddy.

Fuck you bitch....

Mustafa Kemal's picture

dude, did you read his informative post?

Archive_file's picture

What about his numchuck skills?

Archive_file's picture

Oh look, a squirrel!

skinwalker's picture

If all of this is true, perhaps that's why they need a large scale or even global war.

Death throes of a giant.

rbianco3's picture

Boom, Boom... thud.

Oh, it was you?

Peacefulwarrior's picture

These triggers have been sitting there ticking for 10 years...the only info needed is what day week or month one of em blows

Victory_Garden's picture

Be careful not to farff too loudly in elevators.

 

 

 

 

 

 

 

Extra Credit.:

https://www.youtube.com/watch?v=847dc7QBolY

chubbar's picture

Not sure where one can go to sit this one out. Most everything is interconnected. If China, et al, have a plan B that doesn't include the US then I could see various countries around the world that might be OK after a short period of time. The US is cooked either way, primarily because of the arrogant nitwits in congress who are clueless outside of running their own personal graft. They'll fuck up any plan B put in front of them.

I would be a bit concerned if I was an expat in any of these countries and received my income in US dollars. Not sure that conversion is going to work out in their favor for much longer, hard to say though.

Son of Captain Nemo's picture

Everything you wanted to know about "THE TRIGGER" but were afraid to ask!...

Larry Summer's making Glass Steagall "disapper" 1999...

"THE" TRIGGER:
2008 $700 billion bailout with "more printing" for GM & Pals followed by "Frank n Dodd", followed by ZIRP QE1... QE2.... QE3... QE4...

ALL "DONE" 2012!!!

Shift For Brains's picture

I love it. To hear these guys tell it, NOW is the perfect time to leave a country where you can buy food cheap, live cheap in the boonies, and buy guns out the wazoo...to go to Exotic Foreign Locales where the natives don't know you, likely envy you, possibly hate your guts, usually leaving you defenseless, paying for your new lifestyle in a currency that they themselves say is a dead man walking.

Sounds like a plan. A plan concocted by an imbecile with a death wish.

shamus001's picture

Man, you said it!  Where else are you going to go, where the locals aren't goingto drag your bloddy body through the streets and cheer about it?

In America, you at least have a fighting chance!  If your not a puss, you can at least defend yourself.  In other countries, the bad guys only have the guns; there, you get to have your fiat stolen, your wife raped, children enslaved (cops likely in on the take) all while your tied up and get to watch.... because CITIZENS IN FOREIGN LANDS CANNOT OWN FIREARMS.

Sledge-hammer's picture
Sledge-hammer (not verified) Apr 10, 2017 6:55 PM

Let it crash.  Then we can reset without jew treachery/deceit.

CHoward's picture

So...I guess we're in for a very very unhappy ending to what's been up to this point a fairly enjoyable ride.  If that don't beat all.

meditate_vigorously's picture

I just look at the author and see "Internationalman" and so I know its not worthy reading.

christiangustafson's picture

$AMZN earnings 27 April