Largest Derivative Holder in the World is Sick
Word is out that Deutsche Bank not only failed the US Stress Test but also had many warnings from internal risk management that were ignored.
Here's a few articles:
Deutsche Bank Fails US Stress Test
http://www.dw.de/deutsche-bank-fails-us-stress-test/a-18309245
Former Chief Warned Deustsche Bank on Stress Tests
http://www.reuters.com/article/2015/03/12/us-usa-deutschebank-emails-idUSKBN0M81VH20150312
At first glance...there is nothing we haven't heard here. So what? Just another bankster who mad a bad boo-boo and now will have to pay a fine.
But Deutsche Bank is no ordinary Bankster. Deutsche Bank is the HOLDER of MOTHERLOAD of Derivatives at upwards of $75 Trillion!!!
Elephant in the Room: Deutsche Banks $75 Trillion in Derivatives is 20x Greater than German GDP
Of course, the Derivative Bubble won't pop unless SOMETHING happens in the real world so Deutsche Bank has no worries at all...right? It's not like they are invested in any areas that are struggling...are they? It's not like they don't know what's going to happen in Greece, Italy, Spain...etc. They must be long gone from those risky countries - Right?
Not according to Standard & Poors report in August 2014...
"Deutsche Bank carries larger exposures to the so-called eurozone periphery than many peers, largely due to its retail and commercial banking subsidiaries in Italy and Spain as well as positions taken by its investment bank. Based on the country of domicile of the primary counterparty, its aggregate net credit risk exposure to Greece, Ireland, Italy, Portugal, and Spain was €42.4 billion at June 30, 2014."
So now you can go to sleep easily and not worry about the Global Financial System melting down...at least until Monday.
Goodnight.
May the Road you choose be the Right Road.
Bix Weir
*Buy the book as it tells you all about who, how, why and WHEN!
The Book: "Silver, Gold, Bitcoin...and God!" //www.roadtoroota.com/public/1530.cfm
