In this report, I cover the early market action from London on Monday, June 17th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I look again at the Zombie Bank or Deutsche Bank. Over the weekend Deutsche Bank announced a new plan to create what is called a "bad bank". All the plan does is move the toxic assets from the bank's derivatives' book to another entity and then try to offload these bad or toxic assets to others.
Unfortunately for Deutsche Bank and its shareholders, this exercise in subterfuge is not a new thing as the bank already tried a "bad bank" back in 2016. So why should another "bad bank" help solve the German lender's troubles?
My conclusion is that our current monetary and central banking system needs to be completely abolished as it goes against all the tenets of free markets and capitalism. Banks should not get preferential treatments from the government and should be allowed to fail just like any other business.
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Deutsche Bank to set up €50bn ‘bad bank’ as part of overhaul
https://www.ft.com/content/d146b22c-9033-11e9-aea1-2b1d33ac3271
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It’s bloody disgusting how they think they can get away with this kind of behaviour. Cheers mike I
Yes, the mainstream press, unfortunately, does not dig deep enough.
Good morning mario, its been a while since i commented, hope your keeping well and had a great day yesterday with your wife and billy, yes lipstick on a pig good analogy my friend, what with this and zuck bucks coming out on face crack i think we see where this is going? thanks for the very useful info as usual and have great day :)
Hi Andrew, It's nice to hear from you. Sorry about the delayed reply. All the best.
No worries mario, you have a lot going on with your channel and truth information, for which i am very very grateful, keep up the excellent work! all the best to you billy and family :)
BOJ was established in 1882 guided by Rothschilds who also funded Japan to fight the war with China, Russia, and WWⅡ. After the war, BOJ was lead by Wall Street and produced the economic growth. But, the true shareholder is still not disclosed to this day though it is listed on JASDAQ.
@sryutaro, I guess there is no Freedom of Information law in Japan? Even if there was it would probably very hard to determine who the ultimate shareholders are as people like the Rothschilds are masters at hiding behind blind trusts and offshore entities.