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Deutche Bank we are having economy collapse

Discussion in 'North American Politics' started by Riders, Dec 4, 2019 at 6:04 PM.

  1. Riders

    Riders Well-Known Member

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    Experts are now predicting an economy collapse for our country because Deitche bank is 250 trillion in debt.........our economy is going down........
     
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  2. sun rise

    sun rise "Let there be peace and love among all"
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    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.
     
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  3. Nakosis

    Nakosis crystal soldier
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    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.
     
  4. Howard Is

    Howard Is Lucky Mud

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    The word ‘credit’ is from the Latin for belief.
     
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  5. tytlyf

    tytlyf The Mind's Eye

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    Gotta love capitalism when it reaches it's late-stages.
     
  6. Howard Is

    Howard Is Lucky Mud

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    Chain letters, Golden Airplanes....
     
  7. Brickjectivity

    Brickjectivity Veteran Member
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    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.
     
  8. Howard Is

    Howard Is Lucky Mud

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    That’s a great idea even if there isn’t a market crash.
     
  9. Revoltingest

    Revoltingest Greased up & ready for action!
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    That darn sky....falling again!
     
  10. sun rise

    sun rise "Let there be peace and love among all"
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    You know the story, of course. Finally the wolf did come. Maybe not this time. And I'm not panicking because that does not good. But I'm hearing howling in the distance.
     
  11. Heyo

    Heyo Active Member

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    It's the same in German. Creditor = Gläubiger = believer.
     
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  12. Estro Felino

    Estro Felino Believer in free will
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    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 €
     
  13. Heyo

    Heyo Active Member

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    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.
     
  14. Estro Felino

    Estro Felino Believer in free will
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    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.
     
  15. Heyo

    Heyo Active Member

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    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.
     
  16. Estro Felino

    Estro Felino Believer in free will
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    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....;)
     
  17. Heyo

    Heyo Active Member

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    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 € ...
     
  18. Estro Felino

    Estro Felino Believer in free will
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    That is no Capitalism. That is Casino gambling.
    Capitalists are those who produce things, not money.
     
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  19. Estro Felino

    Estro Felino Believer in free will
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    Ok...but still...do you have any idea of what will happen when Salvini and Le Pen come to power?
     
  20. Heyo

    Heyo Active Member

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    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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