Is there trouble in paradise?
- The Obama trip is not a coincidence
- The first domino to fall
- Stay tuned for our commodities and currencies
Is there trouble in paradise? While Obama starts out his Germany trip beer drinking, things are not okay for Deutsche Bank.
It was reported that six billion dollars in derivatives were being “investigated internally” at Deutsche Bank. Now, today, the two CEO’s of that bank abruptly resigned. Coincidence?…we think not.
Also, the Obama trip is not a coincidence. The U.S. and Germany have been working together for years to keep up the derivatives Ponzi scheme. The first crack in the scheme is when Germany asked that their gold be returned from the U.S.
Could this situation with Germany’s largest bank be the first domino to fall? There are over 75 trillion dollars in derivatives in Europe floating around and the Greek derivatives are teetering on the brink of collapse.
It’s just a matter of time before the derivatives house of cards blows down. What will this then do for gold and silver prices. Stay tuned for our commodities and currencies update later this month.
QUESTION: What should readers take away from this message today?
ANSWER: That this is how it starts. The largest banks in the world start getting internally investigated and CEO’s quickly run for the door.
QUESTION: Why is this information timely?
ANSWER: This information is timely because with all the news of how well the economy is doing and all the new jobs being generated, the global economy is like Humpty-dumpty.
QUESTION: How can readers best apply this information to their lives right now?
ANSWER: If you still believe that your money is safe in the bank, in insurance policies, in the stock market, or any investment based on “paper” you are kidding yourself.
COMMENTARY: Anytime the news is filled with rosy forecasts for the economy, watch out. It’s nothing but a sales job for those who want to believe it. On the other hand, governments, banks, and leaders know what’s really going on. They have done everything possible to keep the Ponzi scheme going, but they are running out of runway. It will only take one big bank to fail to start the dominos falling and a rapid collapse will begin. It’s getting dangerously close.