Ponzi World (Over 3 Billion NOT Served)

The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.

Friday, September 16, 2016

Lesson Not Learned: From Lehman to Deutsche Bank

Eight years ago Lehman Brothers imploded due its exposure to the $700 billion U.S. subprime market. Now Deutsche Bank is imploding due to its $75 trillion derivatives exposure to Globalization...

Ironically, the world's most overleveraged bank was just levied a $14 billion fine by the U.S. DOJ over mortgage malfeasance stemming from 2008. However, they refuse to pay, since they don't have $14 billion...

Analysts said that even a hefty reduction in the bill was likely to weigh heavily on Deutsche Bank's finances.

"If the final bill is at 5 billion euros or more Deutsche Bank will not be able to avoid a capital hike anymore,"