Deutsche Bank SUED For Running "International Criminal Organization" In Italian Court!
I talk with author and economic analyst John Sneisen about the recent lawsuit that saw Deutsche Bank in court for being an "international criminal organization."
In 2016, Deutsche Bank was found guilty in court for rigging/manipulating both the silver and gold markets. This led to other banks including Bank of America, Scotia Bank, HSBC, BNP Paribas and others caught red-handed in collaboration on this market rigging.
Now Deutsche Bank is on trial in Milan for helping Banca Monte dei Paschi conceal losses and currently facing further accusations that it was actually running an "international criminal organization" at the time.
Prosecutors have been using internal Deutsche Bank documents and e-mails to convince a three-judge panel to rule that there were additional, aggravating circumstances to the charges the German lender already faces regarding various derivatives transactions.
This is precisely why we at WAM have been on Deutsche Bank's case for so long, calling out their 75 trillion dollar derivative exposure at the beginning of 2016 and their continued criminal activity, shoving people into further debt as the derivative bubble gets ready to burst.
This is a blatant attack on free individuals and goes to show how these all-powerful lenders continue to manipulate the markets into oblivion and force people into debt slavery.
We will continue to report on this breaking story!
I hope this type of news is real and that these corrupt organizations are held accountable. NOT HOLDING MY BREATH THOUGH.
The news is real. The blowback is debatable. It's unlikely to see this take down Deutsche Bank when a 75 trillion dollar derivative exposure wasn't able to last year. They're also now being sued by the FED of all things.
The Fed is trying to save its ass. So suing your underlings is a feasible plan of action.
Well that's the whole point. Of course the FED is trying to save its ass. Nothing the Fed does is anything but nefarious.
Wow - more and more truth is surfacing. They cannot mask all the crap any more. It has grown too big. Thanks for sharing.
Happy to do it! The Deutsche Bank story is constantly developing so we'll surely be doing more on it soon. :)
Max Kaiser has been talking about this for years.
Not this specific story but yes he has and so have we at WAM. This just vindicates what we've been talking about for so long but this specific story regarding them being sued in Italian court for running an international criminal organization just broke a few days ago.
The international banking cartel is the most well-organized criminal gang in history.
And the most successful.