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Deutche Bank we are having economy collapse

Riders

Well-Known Member
Experts are now predicting an economy collapse for our country because Deitche bank is 250 trillion in debt.........our economy is going down........
 

sun rise

The world is on fire
Premium Member
Oops.

It's been obvious to me that what is going on with unrestrained borrowing can't be forever sustained. In the US, the Trump tax cut increased the deficit bigly. It seems that the Germans are in trouble as well.

When will the "house of cards" collapse? I don't know but I do know it can't last.
 

Nakosis

Non-Binary Physicalist
Premium Member
Oops.

It's been obvious to me that what is going on with unrestrained borrowing can't be forever sustained. In the US, the Trump tax cut increased the deficit bigly. It seems that the Germans are in trouble as well.

When will the "house of cards" collapse? I don't know but I do know it can't last.

It's always been an illusion right? Fiat money. It will continue as long as people believe. It will fail when they stop believing.

Borrow against a value decreed by the government. :shrug: Who then is the government into debt with? Lets pretend there is a debt to motivate people to pay it off.

Weird, weird, this thinking that something exists by decree. I'm not an economist but weird.
 

Brickjectivity

Turned to Stone. Now I stretch daily.
Staff member
Premium Member
Oops.

It's been obvious to me that what is going on with unrestrained borrowing can't be forever sustained. In the US, the Trump tax cut increased the deficit bigly. It seems that the Germans are in trouble as well.

When will the "house of cards" collapse? I don't know but I do know it can't last.
Maybe my dad is right and everyone should move out of the cities asap. Prep. Start a herd of chickens and a flock of goats.
 

Estro Felino

Believer in free will
Premium Member
I mean...God exists...
Merkel's arrogance has been punished ...after years of expecting austerity from our banks.

It is the occasion to reform the €
 

Heyo

Veteran Member
Experts are now predicting an economy collapse for our country because Deitche bank is 250 trillion in debt.........our economy is going down........
What a train wreck of a video clip. Repetitions, contradictions, Google translated parts, quotes without contributions, Gish galloping through information bites without explanation or even taking a breath. There are flat earther videos more concise and with more production value.
Having said that, the problem is real but not as alarming as it sounds. Deutsche Bank has set aside billions for expected fines from their different trials and the German government and the European Central Bank will not let Deutsche Bank fail.
The system is rotten but Deutsche Bank is only one of its examples.
 

Estro Felino

Believer in free will
Premium Member
What a train wreck of a video clip. Repetitions, contradictions, Google translated parts, quotes without contributions, Gish galloping through information bites without explanation or even taking a breath. There are flat earther videos more concise and with more production value.
Having said that, the problem is real but not as alarming as it sounds. Deutsche Bank has set aside billions for expected fines from their different trials and the German government and the European Central Bank will not let Deutsche Bank fail.
The system is rotten but Deutsche Bank is only one of its examples.

With all due respect...I love Germans, I also speak German...
But Merkel recently came to Italy to ask Conte for "money " to save the Deutsche Bank...meaning, she wants us to turn the ESM into a save-banks-fund...and German banks only will be saved.

That is unbereable to us...really.
 

Heyo

Veteran Member
With all due respect...I love Germans, I also speak German...
But Merkel recently came to Italy to ask Conte for "money " to save the Deutsche Bank...meaning, she wants us to turn the ESM into a save-banks-fund...and German banks only will be saved.

That is unbereable to us...really.
She already did that with the Greeks. She was the main influence that prevented a debt cancellation so the Deutsche Bank didn't lose money.
And that is also the reason why the Deutsche Bank won't fail.
 

Estro Felino

Believer in free will
Premium Member
She already did that with the Greeks. She was the main influence that prevented a debt cancellation so the Deutsche Bank didn't lose money.
And that is also the reason why the Deutsche Bank won't fail.

Do you think that what was done to the Greeks can be considered "fair", "human", " Christian-like"?

Btw...sooner and later Salvini will become Prime Minister, Le Pen French President...we will have some fun....;)
 

Heyo

Veteran Member
Greece was a financial clusterf*ck of the highest order. Goldman Sachs helped the Greek to appear worthy for the €. Everyone in the EU knew it was faked but they let the Greeks in non-the-less. And when it blew up the people of Greece had to pay (that is, the little people, the rich got off scot free).
And because of the involvement of Goldman Sachs and the US based rating agencies who kicked off the crisis there are conspiracy theories that say it was all a plot by the US to discredit the €.
Imagine the world decides to switch the world reserve currency from the $ to the € ...
 

Estro Felino

Believer in free will
Premium Member
Greece was a financial clusterf*ck of the highest order. Goldman Sachs helped the Greek to appear worthy for the €. Everyone in the EU knew it was faked but they let the Greeks in non-the-less. And when it blew up the people of Greece had to pay (that is, the little people, the rich got off scot free).
And because of the involvement of Goldman Sachs and the US based rating agencies who kicked off the crisis there are conspiracy theories that say it was all a plot by the US to discredit the €.
Imagine the world decides to switch the world reserve currency from the $ to the € ...

Ok...but still...do you have any idea of what will happen when Salvini and Le Pen come to power?
 

Heyo

Veteran Member
Ok...but still...do you have any idea of what will happen when Salvini and Le Pen come to power?
I know too littel about them to comment on that. But we have right-wing governments in the east that we have to deal with right now. They will have to step back in line or get expelled. The eurokrats don't like the work that comes with the later but eventually there will be no other alternative as getting reigned back in isn't in the playbook of autokrats.
 
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