The Phaserl


Germany Has A $62 TRILLION Problem That Isn’t Going Away: Deutsche Bank

At this hour all worldwide bank derivatives, which are trillions of dollars in debt, are tied to Deutsche Bank

by SGT, SGT Report:

News spread quickly Friday afternoon about Greece’ deal with “Euro Zone financial ministers” which purportedly provides a four month respite from “the day of reckoning.” But the “deal” solves NOTHING.

As Dave Kranzler from Investment Research Dynamics noted today,

Three weeks ago I wrote that the ECB and the Greeks would reach a “kick the can down the road” agreement – that everything in between would be staged grandstanding for the benefit of Germany’s restless anti-euro population.

We get it. We all understand that the PTB in Europe – and at the U.S. Federal Reserve – will do anything and everything in their power to prevent a total collapse of the Euro dream at the hand of insolent Euro zone rebel, Greece. But, is all they can do enough? What if the real problem is much bigger than Greece. What if the REALLY MONSTROUS nightmare remains alive and kicking in the derivatives market as we’ve long suspected?

Kranzler notes:

The real money wasn’t in the exposure to the Greek sovereign debt that everyone was blathering about. The real money is in the OTC derivatives connected to the Greek sovereign debt, the former to which big Too Big To Fail Banks have a huge exposure.

Dave’s words today certainly resonated with me because just yesterday I read this stunner from intelligence expert Tom Heneghan who reported the following:

It can now be reported that one trillion worthless euro currency derivatives tied to the Greek debt are about to turn the entire worldwide financial markets into a massive meltdown. Greece will soon leave the European Union (EU) and simultaneously collapse the German NAZI Deutsche Bank, along with shell accounts tied to the London LIFFE Exchange (reference the NAZI British Berenberg Bank).

Heneghan’s report, although plausible, lacked much quantifiable meat on the bone which left me debating whether to post it for our readers.

But less than 24 hours after Heneghan’s report Zero Hedge posted the news that troubled and massively over-leveraged Deutsche Bank just failed its “stress test” —

A bank which has €54.7 trillion, or a little over $62 trillion at today’s exchange rate, in derivatives – a number that is 20 times greater than the GDP of Germany –  just failed a central bank stress test due to lacking governance and risk management controls and, just maybe, has insufficient capital? What can possibly go wrong.

So Deutsche Bank can’t pass a fairly low-bar banking “stress” test that we’d be willing to bet probably wasn’t designed by the forthright and scrupulously detailed John Williams of Shadowstats… Hmmm… maybe Mr. Heneghan is shooting closer to the bulls eye than I first understood. Heneghan concludes:

At this hour all worldwide bank derivatives, which are trillions of dollars in debt, are tied to the NAZI German Deutsche Bank with the U.S. Fed and the Central Bank of Japan as counter parties.

Buckle up friends. This global economic house of cards may just stand on its crumbling foundations for another four months… but I wouldn’t want to bet $62 Trillion on it.

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20 comments to Germany Has A $62 TRILLION Problem That Isn’t Going Away: Deutsche Bank

  • Lou Al Cinder

    The Gods of the Copybook Headings
    By Rudyard Kipling

    AS I PASS through my incarnations in every age and race,
    I make my proper prostrations to the Gods of the Market Place.
    Peering through reverent fingers I watch them flourish and fall,
    And the Gods of the Copybook Headings, I notice, outlast them all.

    We were living in trees when they met us. They showed us each in turn
    That Water would certainly wet us, as Fire would certainly burn:
    But we found them lacking in Uplift, Vision and Breadth of Mind,
    So we left them to teach the Gorillas while we followed the March of Mankind.

    We moved as the Spirit listed. They never altered their pace,
    Being neither cloud nor wind-borne like the Gods of the Market Place,
    But they always caught up with our progress, and presently word would come
    That a tribe had been wiped off its icefield, or the lights had gone out in Rome.

    With the Hopes that our World is built on they were utterly out of touch,
    They denied that the Moon was Stilton; they denied she was even Dutch;
    They denied that Wishes were Horses; they denied that a Pig had Wings;
    So we worshipped the Gods of the Market Who promised these beautiful things.

    When the Cambrian measures were forming, They promised perpetual peace.
    They swore, if we gave them our weapons, that the wars of the tribes would cease.
    But when we disarmed They sold us and delivered us bound to our foe,
    And the Gods of the Copybook Headings said: “Stick to the Devil you know.”

    On the first Feminian Sandstones we were promised the Fuller Life
    (Which started by loving our neighbour and ended by loving his wife)
    Till our women had no more children and the men lost reason and faith,
    And the Gods of the Copybook Headings said: “The Wages of Sin is Death.”

    In the Carboniferous Epoch we were promised abundance for all,
    By robbing selected Peter to pay for collective Paul;
    But, though we had plenty of money, there was nothing our money could buy,
    And the Gods of the Copybook Headings said: “If you don’t work you die.”

    Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew
    And the hearts of the meanest were humbled and began to believe it was true
    That All is not Gold that Glitters, and Two and Two make Four
    And the Gods of the Copybook Headings limped up to explain it once more.

    As it will be in the future, it was at the birth of Man
    There are only four things certain since Social Progress began.
    That the Dog returns to his Vomit and the Sow returns to her Mire,
    And the burnt Fool’s bandaged finger goes wabbling back to the Fire;

    And that after this is accomplished, and the brave new world begins
    When all men are paid for existing and no man must pay for his sins,
    As surely as Water will wet us, as surely as Fire will burn,
    The Gods of the Copybook Headings with terror and slaughter return!

  • f16hoser

    Maybe, just maybe, Varoufakis gave the EU exactly 3 months to get their final arrangements in order before this whole house of cards comes tumbling down. Remember, Banksters/NWO Punks, play both side of the equation so they never lose… Perhaps that’s the deal. Greece leaves in 3 months, debt free. Varoufakis to Draghi, “see you in 3 months, have a nice day!”

  • Abby

    Hennegan is over the top. Like King World News who I often skip for the same reason. His posts are always on the edge of panic…. but biased maybe, there is truth in thar posts!

  • bob a

    I think it is a hoot, that we’ve had collapse talk for like the last 10 years, and the markets continue to sail higher and higher. I’m sure it will end at one point, but man, this doom and gloom stuff is getting old. Actually it was old about 2 years ago. I rarely visit the site any longer, and I feel my outlook on the world has improved considerably. Not saying things are peachy and rosey. But they are not as bad as all the negaitve press that posted on this site 24/7. I think this doom and gloom all the time is just flat out unhealthy. A healthy dose of it every now and then is good, but the slant of negativity on this site is truly astounding. I know, I’ll get ripped on for saying this, but doesn’t matter, I don’t visit often, so don’t waste your time hitting the keys.

    • Gnostic

      bob, didn’t even notice you had gone.

      • JC


        Are you familiar with the work of Joe Atwill? I’m reading his book, Caesar’s Messiah, right now. He makes a pretty sound case for the Flavian authorship of the New Testament. Seems to me those of us innocents are caught between a gang war waged by the Romans (Catholics) on one end and the Zionists on the other. I would be interested to hear your thoughts on this theory – seems both groups have enjoyed inflicting genocide on the other, while also pillaging and raping the masses along the way.

        By the way, he contends that Shakespeare plays are really penned by a Jewish woman and reflect the Jewish response to the gospels mocking the historical messianic Jewish movement that Titus wiped out during the first century AD. That happens to be his second book.

        • Gnostic


          Boy that’s a tough one to explain, Yes, I read through Atwill’s Book, Although, an excellent scholarly work, I am not in agreement with his findings..

          I wrote three paragraphs explaining why I do not totally agree with Atwill, but I deleted it because it was getting too lengthy. About the best explanation on the creation of the Christian movement was expressed quite well by Theologian & Historian Charles Giuliani. His video broadcast- “Christianity = The Jewification of Gentiles”, Is worth the listen.

          I believe you will be able to see what Atwill is omitting from his thesis. IMHO

    • SGT

      sometimes I don’t even know what the hell you’re talking about bob. seriously.

    • JC


      You’ve been subconsciously brainwashed to believe that focusing on negative things is a bad for you. This trick is meant to get you to ignore the evil around you while they rape and pillage. Classic new age nonsense. This is reality buddy – these guys are running our world into the ground and you should be taking action to protect yourself and those you love. Beyond that, you can do what great people like Sean are trying to do by alerting others beyond their immediate physical reach. That is how you absorb the negative, process it and turn it into a positive by exposing it.

      I would recommend you check out Mark Passio’s work, where he lays out this strategy (all positive all the time) as one crafted by Satanists. Mark was once one of them before he saw the light and refocused his energies on lifting up all people.

      Finally, ignoring reality does not exempt you from its consequences. Surely you should not wallow in bad news all of the time, but you should remain informed. Other than that, spend time with your loved ones, pursue your passions and make your mark on this planet!

  • Cause

    “but man, this doom and gloom stuff is getting old” bob a

    Spoken like a true sheep. lol Thanks for culturally defining the true meaning of the word “Zombie” – unable to determine the truth through reason.


  • June Shellene

    Bob’s attitude is wide spread. It smacks of everything that has been so carefully bred into Americans. It’s unhealthy…if it threatens your “happiness.” If it doesn’t unfold within weeks or months…then it’s going to happen. But if we weren’t surrounded by shallow thinking and happy talk…we wouldn’t have gotten into this situation in the first place, I suppose.

  • June Shellene

    Correction…That’s If it doesn’t unfold within weeks or months…then it’s NOT going to happen….impatience…very American.

  • Axel Schweigert

    Mr Heneghan is probably not aware of the fact that WW2 ended in 1945. To call an enterprise NAZI … nowadays just because it was around at that time discredits the author of this article. More than happy to discuss the question who funded the Nazis already in the late 20ies…

    • Gnostic


      Yes, I agree, when they invoke the “NAZI” meme they are either ignorant or intentionally want to keep the lies of WW2 going. Proceed with Caution!

  • Mike F.

    Bob gets his Troll Dollar and moves on to the next government selected website…

  • C.i.

    This Is All So Been Done To Death Already!



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