Deutsche Bank plunges
Most people in the world care very little about how the economic world works but let me tell you something that could change the way you think. Deutsche Bank is the biggest bank in Europe and for some reason, goes unnoticed that the bank is going to implode. It holds the worlds largest "derivatives'' which are pretty much side bets on all kinds of financial products. 72 Trillion, with a T people! When this blows up it will make Lehman Brothers look like Sunday brunch. They are 5times bigger than them. This will rock every single bank in the world ripping through the worlds banks like a tidal wave. Breaking down the whole financial system. These are my thoughts for the day. I'm just keeping it real.
I believe a failed bailout of the Italian banking system will cause a run on banks throughout Europe which will cause Deutsche Bank to fail which unleashes a global currency collapse and it looks not that far off in the distance future.
It might be a good time to get out of fiat money while you still can
Yeah, at the very least have a little bit of silver on hand so you're not completely fucked when this thing goes south.
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I already did.
Thanks.