...then there is Deutche Bank...next on the list?
Does anyone else see an economic crash coming?
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...then there is Deutche Bank...next on the list?
Raining: Check your English. Is or Was?
I am wondering if it will make it through the day.
I see where it had a rough night last night.
I am wondering if it will make it through the day.
I see where it had a rough night last night.
No idea. As Jim correctly wrote, at the end it dosn't matter in an collapse really. My knowledge about the banques and the system is a lot lower as @JimCosta 's, I think he's going right.
But if i need to bet i think Commerzbank would be down before the Deutsche Bank, the Commerzbank isn't that stable as it looks like. Last year the german government even would an association between Deutsche Bank and Commerzbank to save the system.
I think we all believe that this house of cards will come crashing down at some point. Timing, however, is relevant, at least to those of us who plan on bugging out. If this is it...the end game, the one we do not come back from, that they cannot buy more time...then it is time for me to pack up the animals, abandon any work at BOL1 etc.
So yes, at least for me and mine, the devil is always in the details.
@Mountain Dragon keep an eye on DB, all is not as stable as they want you to think.
How for do you need to go to reach your BOL ?
About 3 hours. 1/2 hour more if towing a 40' livestock trailer. That is for BOL2. There are about 10 different routes we can take so...depends.
There is a third place that we have, if we need to stop between but, will leave that out of the conversation since it isn't prepped for a large group.
A little civil unrest, economic turmoil…no bug out. We are safe at BOL1. BOL2 is where we go when all hell is about to break loose and the government is about to collapse.
Our preps are tiered and customized to fit levels of SHTF and TEOTWAWKI. BOL1 is for SHTF. BOL2 is for TEOTWAWKI.
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Credit Suisse CDS Explodes: Reportedly Urged SNB 'Show Of Confidence', ECB Quantifying Exposures
BY TYLER DURDEN Article"The Financial Times reports that, according to three people with knowledge of the talks, Credit Suisse has appealed to the Swiss National Bank for a public show of support."
It sounds like you have bases covered . I used to have secondary bug out location that a couple in my group was financed on but they let that go , so where I am held up now is my only site that I have to face and confront what we are facing . -- I have posted before but I am not sure that I posted it on this forum so I will let our members pre-view what some have plans to do . When covid first came upon the scene in the U.S. as we all know panic was what was seen by some . From hundreds of miles away from my bug out area we saw these desperate hoards of people descend into our area . They came with campers , tents and bug out bags and fled to our public lands . I am not talking about this invasion occupying an entire state but they were concentrating within a small portion of the state . It got so bad the Govenor decreed it unlawful to rent cabins , motels or anywhere else for these bugged out people to stay . All public lands were closed down and vehicles of those that fled into the hills with their bugout bags were towed away . A couple of folks from my survival grounds and I went to one of the public land areas to witness this spectacle . We weren't worried about these unprepared folks but found it entertaining to see such a mess .
I think that was a fairly common occurrence during COVID. A lot of people here, went and bought themselves a truck and an RV to haul. The parks started shutting down and the few that stayed open were packed...then those started shutting down too. Some people started panicking and buying up real estate in what they considered the boonies (really the far suburbs). Now they have it and don't know what to do with it except complain about lack of entertainment, shopping and having "hicks" as neighbors. Humorous indeed.
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The WEF'rs are in for a very big surprise when there house of cards collapses. First is how are they going to access their money when banks are closed or out of money? Second is will people accept money if it is worthless? They will be forced to trade a bar of gold for a loaf of bread. And that is if someone wants to trade.
Credit Suisse is a damn filthy bank that only has mismanagement, a new manager every 2 years, who earn millions in wages for nothing and mismanagement and there are tens of thousands of francs in bonuses every year.
The management in this bank knows exactly that you can do whatever you want, the management also knows that if the bank fails then the state will save the bank with tax money, so why should these idiots be honest.
As long as such managers do not get life imprisonment for mismanagement, bank managers and cadres in banks will not act decently.
From my point of view, the authorities should drop Credit Suisse, wind it up and charge the whole squad and lock it up forever.
However, as history teaches, every bank where politicians have money inside or where politicians sit on the bank's board of directors is saved by the seed with our money one way or another.
The management in this bank knows exactly that you can do whatever you want, the management also knows that if the bank fails then the state will save the bank with tax money, so why should these idiots be honest.
As long as such managers do not get life imprisonment for mismanagement, bank managers and cadres in banks will not act decently.
From my point of view, the authorities should drop Credit Suisse, wind it up and charge the whole squad and lock it up forever.
However, as history teaches, every bank where politicians have money inside or where politicians sit on the bank's board of directors is saved by the seed with our money one way or another.
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Can't afford gold, but silver is up some too.Gold is up again.
People are fleeing to gold as a safe haven.
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https://www.americanthinker.com/blo...d_knew_anything_about_investment_banking.html
Merit issue: Just one guy on Silicon Valley Bank's board knew anything about investment banking
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Don't overlook copper pennies. I'm not talking about the new ones made of zinc or whatever. The old ones. They can be melted down
Don't overlook copper pennies. I'm not talking about the new ones made of zinc or whatever. The old ones. They can be melted down for other uses and therefore will still have some value post SHTF.
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When I read that earlier, I laughed because these guys are getting what they deserve, but Joe will save them.
I want the best working for me. Don't care gender , color or age, I want the best.
The economic collapse is not coming, we are already in the middle of it, only the sheep have not noticed it yet.
In Europe, many companies are closing or moving out of Europe, this is the price for the cost of energy. Only the government that has brought us the silent, also for the reason because the government thinks that you can implement the green reset well, the question is only who pays the wages in the future.
Europe is becoming the economic grave, if the great masses realize that once it is too late forever.
As for Joe, the forgetful ***** who is no longer capable of anything still does not see (or does not want to see) that more and more countries are getting out of the petrodollar business, these billions of dollars that are no longer needed, will fall on the feet of Joe or his successor and break the neck of all.
The Chinese and Russians know that, they lean back and take over at the end still the technology of us they are interested in, you will leave us but then ourselves.
Game over, the coming days will show where our journey goes.
In Europe, many companies are closing or moving out of Europe, this is the price for the cost of energy. Only the government that has brought us the silent, also for the reason because the government thinks that you can implement the green reset well, the question is only who pays the wages in the future.
Europe is becoming the economic grave, if the great masses realize that once it is too late forever.
As for Joe, the forgetful ***** who is no longer capable of anything still does not see (or does not want to see) that more and more countries are getting out of the petrodollar business, these billions of dollars that are no longer needed, will fall on the feet of Joe or his successor and break the neck of all.
The Chinese and Russians know that, they lean back and take over at the end still the technology of us they are interested in, you will leave us but then ourselves.
Game over, the coming days will show where our journey goes.
The crash started in 2008, but they couldn't figure out how to get everyone's last dime so they paused for a while to get a plan in place now that they have a plan it is time for them to go ahead and crash so they can get everyone's last dime jmho
All they have to do is look at their retirement account.
I don't know whether to be amused or depressed , looking at those that think their incoming money being deposited into their banking accounts will always be dependable and calculated into their SHTF plan . Regardless of the source Government or private deposits - when the collapse finishes incorporating all the banks , then there ain't no banks , Those government reassurances of guaranteed money security is about as trustworthy as the government telling everyone wearing a mask would stop covid or taking that government concocted stuff into their bodies would stop covid . What we are seeing is an attempt at panic control . At least some had the forethought to prepare for total self-reliance , with income not being necessary for survival .
You need some income, in some shape and form...there are always property taxes due in USD.
true - but storing and sitting on property tax money for the after collapse SHTF has already been planned for by some , those that didn't may witness their property being auctioned off .
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Mine is up. (invested in gold etfs)
I fully expect that if the WEF has their way, property taxes are going to go sky high. They need to get 50% of the property in the US into "conservation" by then. If they can't do it through the States, they may use the EPA or another alphabet agency. I think it is wise to cover all bases; put the money away and also look for some way to have income, just to avoid surprises.
French President Macron bypassed parliament with an article in parliament and pushed through the pension reform in France without a vote.
https://www.welt.de/politik/ausland...mstreite-Rentenreform-ohne-Abstimm-durch.html
What that will mean, more riots in France and probably grilling police officers, the last 4 weeks the people have been on the streets and protested against this reform, there have been very serious riots.
Macron is also a pupil of Klaus Schwab, he shows what democracy really means, nothing at all!
To all the **** that is currently going on in Europe, this can be a spark to the powder keg, France is a nation that is going under in certain ways, too many immigrants, too many no-go districts, this state is drowning and could now be divided into flames rise.
https://www.welt.de/politik/ausland...mstreite-Rentenreform-ohne-Abstimm-durch.html
What that will mean, more riots in France and probably grilling police officers, the last 4 weeks the people have been on the streets and protested against this reform, there have been very serious riots.
Macron is also a pupil of Klaus Schwab, he shows what democracy really means, nothing at all!
To all the **** that is currently going on in Europe, this can be a spark to the powder keg, France is a nation that is going under in certain ways, too many immigrants, too many no-go districts, this state is drowning and could now be divided into flames rise.
Banking crisis triggers bailouts in US and Europe: Credit Suisse shares soar after £45bn lifeline while Wall St giants plough £25bn into First Republic
https://www.dailymail.co.uk/money/m.../Banking-crisis-triggers-bailouts-Europe.html
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