Is Deutsche Bank About To CRASH? – Bank Lays Off 10,000 Employees!

Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent news out of Deutsche Bank as the controversy stricken bank lays off 10% of its employees, about 10,000.

The layoffs will likely carry into 2019 as Deutsche Bank “restructures” itself.

Interestingly enough, Deutsche Bank has seen a massive drop in its share price ever since 2008. It makes sense, considering all of the big banks are insolvent and have not recovered since 2008. The share price has seen a constant trickle down and there are no signs of a recovery anywhere in the near future.

The cash to deposit ratio is alarming to say the least. This will not end well for anyone considering the size and scope of Deutsche Bank as one of the world’s largest banks.

In 2016, we spoke about their derivative exposure of 75 trillion dollars at the time. That’s the GDP of the entire planet.

Well since, we’ve seen one controversy after another. Fraud and manipulation. The bank has been caught red-handed in court manipulating gold and silver prices alongside banks like HSBC, Bank of America, Scotia Bank and BNP Paribas.

While the fundamentals are off the table due to the level of manipulation of the markets and the monetary system and we simply cannot put a date on the crash, it’s inevitable. It cannot be avoided.

If your money’s in the bank, it’s not yours, it’s the bank’s. Money is hardly insured. There will likely be bail-ins, bailouts, bank runs and more. People need to take personal responsibility and save themselves in the coming crisis.

Financial responsibility is a hallmark of freedom. If you have control of your money, you control the narrative. If you don’t understand your money, your money will control you.

Stay tuned as we continue to cover Deutsche Bank and the severe problems of the banking system.