DTube - The Banks Will FALL! - Federal Reserve Extends Deutsche Bank's CRISIS Plan

in money •  2 months ago


One of our most recent video reports!
See the original article below:

Josh Sigurdson talks with author and economic analyst John Sneisen about the recent news out of the Federal Reserve following its announcement that it will extend Deutsche Bank's time to come up with a living will alongside 4 other banks.
The living will submission regards the bank's plan for a dissolution following a crisis/bankruptcy.
Alongside Deutshe Bank is Barclays, Credit Suisse Group and UBS. All financial institutions will have to come up with a living will by July 1st, 2020 rather than their previous date of July 1st, 2019.
Prudential Financial on the other hand faces a new submission deadline of December 31st, 2019.
This is a further example of the Federal Reserve attempting to push off the inevitable. They know these banks are all insolvent. They know they will go down and they know they will cause a title wave or domino effect when they do. So for that reason, they want to prop up the system a little longer. These banks can't even go bankrupt properly!
We've viewed the cash to deposit ratio among these banks and the amount of deposits covered in cash is astonishingly low!

This is the inevitable result of vast centralization and printing of currency, not to mention getting incredibly tied up in the extremely manipulated derivatives markets worldwide.

All fiat currencies eventually revert to their true value of zero. They always have, they always will going back to 1024 AD in China. This time will be no different, though it will be worse. As this system has been propped up longer than any other, it will come down harder and for that reason individuals needs to get prepared. Individuals must be self sustainable and financially responsible. They must protect their wealth and decentralize everything.

Stay tuned as we continue to cover this issue closely!


▶️ DTube
▶️ IPFS
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • The Government proposes to implement a ―bail-in‖ regime for systemically important banks.
    This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital. This will reduce risks for taxpayers.
    The Government will consult stakeholders on how best to implement a bail-in regime in Canada.
    Implementation timelines will allow for a smooth transition for affected institutions, investors and other market participants.

Your post has been up voted because of similarities to the #informationwar project (by @wakeupnd).

  • Our purpose is to encourage posts discussing Information War, Propaganda, Disinformation and other false narratives. We currently have over 8,000 Steem Power and 20+ people following the curation trail to support our mission.

  • Join our discord and chat with 250+ fellow Informationwar Activists.

  • Join our brand new reddit! and start sharing your Steemit posts directly to The_IW, via the share button on your Steemit post!!!

  • Connect with fellow Informationwar writers in our Roll Call! InformationWar - Leadership/Contributing Writers/Supporters: Roll Call

Ways you can help the @informationwar

  • Upvote this comment.
  • Delegate Steem Power. 25 SP 50 SP 100 SP
  • Join the curation trail here.
  • Tutorials on all ways to support us and useful resources here

They’re going to be running for the rest of their lives .