lehman brothers

lehman brothers

Deutsche Bank Will Collapse - The Next Lehman Brothers

2d ago
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This is a must see! During an interview WAM's Josh Sigurdson and author/economist John Sneisen conducted with derivatives expert Stephen Kendal, John asked Stephen, "Will Deutsche Bank and its 64 trillion dollar derivative exposure topple the 3.9 trillion dollar German economy?" Deautsche Bank is currently crashing in 2008 style. In reply to John's question, Stephen said, "In 2008 when Lehman Brothers collapsed, they had a book of derivatives. An asset book of derivatives. Deutsche Bank took the bulk of that on. A derivative has either 100 or nothing. Until the derivative actually expires, someone has to own it. What happened is Deutsche Bank thought they had a chance making a few quid because (they) believed the market had misunderstood the value of the bulk. So they took on highly toxic contract derivatives from 2008 and was the world's vacuum cleaner when it came to all the things people didn't want. What has happened is, the bets they made haven't turned out the way they thought they would. The contracts they have now are practically worth nothing. The 75 trillion (dollar) derivatives bulk they have when compared to the world GDP which is 75 trillion, they have 30-40 times the GDP of Germany. They match the global GDP. They have no value." Stephen believes Deutsche Bank will fail and the reason why it's still going is because it's propped up and supported. That Deutsche Bank is practically a bank on life support. "Effectively everyone knows the second they pull the plug out, that will be it, it will be gone." Mr. Kendal said. Josh then asked, "So do you think Deutsche Bank will be the next Lehman Brothers?" Stephen replied, "Yeah, 100%. When you listen to the Fed (Federal Reserve) speak, they say there will be no bail-ins this time. You can't even attempt to bail out that kind of money. If you look at all the other banks in America, the derivatives that they sat on are phenomenal. Look at the amount of assets compared to the derivatives bulk. Goldman Sachs sat on it 70 times. They have just under 1 trillion in assets and they have a derivatives bulk of 70 trillion dollars. Just 10% out would mean goodbye to all of it." He went on to say, "If you take the 5 big banks in America and what they have as far as their assets and derivative exposure, you're talking about 40 times. Because it's leveraged, it'll just be gone. When people say it's not going to happen, they're just trying to convince themselves because the results are unimaginable." You can see our full interview with Stephen Kendal soon! Find him on Twitter at @StephenPKendal Video edited by Josh Sigurdson Featuring: Stephen Kendal Josh Sigurdson John Thore Stub Sneisen Graphics by Bryan Foerster LIKE us on Facebook at World Alternative Media or Follow us on Twitter @WorldAltMedia DONATE HERE: https://www.gofundme.com/w3e2es Help keep independent media alive! World Alternative Media 2016 "Find the truth, be the change."