DEUTSCHE BANK FAILING(?), COMMERZBANK LAYOFFS, AND "JUBILEE" TALK

DEUTSCHE BANK FAILING(?), COMMERZBANK LAYOFFS, AND ...

October 1, 2016 By Joseph P. Farrell

It has been a wild and rocky week once again, with so many excellent articles being send by the readership here that I spent much more time than usual trying to sift through them all, but surely one of the biggest stories of the week has been the continuing fall of Deutschebank stock, and now, courtesy some thoughts and articles shared by Mr. C.S., some news about Germany's other giant bank, Commerzbank.

http://daisyluther.com/deutsche-bank-is-going-under-is-this-why-germans-were-told-to-prepare-for-a-national-crisis/

And here's an article on Commerzbank:

http://www.theorganicprepper.ca/another-nail-in-germanys-economic-coffin-commerzbank-cuts-out-jobs-and-shareholders-profits-09292016

The first article makes it abundantly clear that the government of Bundeskanzlerin Angela Merkel will not get any bail out from the European Central Bank, and there has been talk of a bail-in, which, as the authoress of the first article avers, might be one of the reasons Germans have been warned by their government to stock up for a pending emergency. Meanwhile, Deutschebank itself has indicated it simply will refuse to pay a fourteen billion dollar fine for participating in mortgage frauds. Meanwhile, Mr. C.S. emailed me and informed me that there are now commercials being run in German media by Commerzbank reassuring Germans that there is another "deutsche Bank," namely, Commerzbank.

So what's going on behind Deutschebank's refusal to pay on the fine?

With that question, we are at the high octane speculation of the day: why is Deutschebank refusing to pay the fine? I suspect - and have suspected for a very long time - that there has been a quiet and covert economic war going on between Washington and Berlin. Consider: both France and Germany attempted to negotiate directly with Russia during the Ukrainian mess - a mess Washington, and to a lesser extent, Berlin, helped create in the first place. But as Washington began to voice the idea of economic sanctions against Russia for its "aggression" in the Ukraine, the real target, as a moment's reflection would yield, was not so much Moscow, but Berlin, whose export-driven economy is dependent on his huge volume of trade with, you guessed it, Russia and China. As the sanctions took effect amid the growing refugee crisis - also fostered by Frau Merkel's government, but driven at a much deeper level by the American deep state (think Darthsoros here folks) - we then witnessed German Laender governments by-passing Berlin and talking directly to Moscow, and individual German businesses trying to skirt the sanctions regime. None of this, I submit, would have happened without the tacit permission of the federal government in Berlin. During this time period as well, German Defense Minister Ursula von der Leyen indicated that Germany's military size would be tripled over the next few years, making it one of the largest standing militaries in the world, while at the same time, a Bundeswehr white paper indicated that Russia was the major strategic threat to Germany in the decades to come. This, of course, is a kind of special sleight of hand, for it's very difficult to perceive one of one's largest trading partners as a threat. I suspected then, and suspect now, that this was simply an effort of the German Atlanticists to make the usual noises of support for Washington, while the reality was quite different. The USSA has been basing its military in Eastern Europe, in my opinion in an effort to re-create the old post-Versailles cordon sanitaire to prevent a Russo-German entente. In other words, geopolitically speaking, that re-basing is as much about Germany as it is about Russia.

Then we witnesses the merger of two large European armaments firms, one French, the other German (Rheinmetall Defense Systems), into a huge conglomerate, doubtless in aid of the creation of a pan-European army with the French and German militaries as the core. Once again, I viewed this and continue to view this as an effort to side-step NATO and render it irrelevant.

Which brings us back to Deutschebank: why the refusal to pay the fines? Here is where the high octane speculation gets positively orbital, for one notes a dissimilarity between the fines imposed on the German banking giant and those large American banks that participated in the same activities. In other words, Deutschebank, by stating that it intends to fight the fine, might be viewed as really saying that they intend to expose the double standard, and hence, expose the rest of the fraud in the system, and that means, to be blunt, exposing the deep connection between all the fraud in the system and the American deep state, and the use of such fraud to prop up the American military. And let us remember, in this context, the recent statements of German Finance Minister Wolfgang Schauble(sorry folks, I don't have an umlaut!), that there is no fix of the financial system that is not a reform. This statement preceded the now open and growing discussions in the international financial "community" and calls for a global "jubilee," a cancellation of all debt. (Frankly, be extremely skeptical of this one, for it to my mind is a trap being laid: cancellation of your debts, in return for your submission to a global financial, and possibly cashless, financial system all being run on "secure" computers, and having an element of religion added for good measure.)

In Asia, Chinese private debt threatens to implode that economy as well, and that, once again, does not bode well for Germany's export-driven economy. So how does that fit in?

I suspect that one of the things to watch for now are increasingly open, and blunt, statements out of Berlin and Beijing, united in a critique of American financial "unipolarism." But these may come from corporations rather then the governments themselves.

See you on the flip side...